Slok Nigeria Limited has signed a Memorandum of Understanding with Toro-Atlantic Global Limited FZE for the setting up its new joint-venture in Nigeria.
The new entity will be mainly engaged in ICT High-tech and Home Appliances manufacturing in Nigeria.
Toro-Atlantic Global Limited is operated in Dubai, United Arab Emirates globally and it has impressive and abundant manufacturing facilities in Africa as well as in China.
Its business group product portfolio includes smart phones, tablets, laptops, air-conditioners and refrigerators.
The Memorandum of Understanding was signed by the Founder of Slok Holding, Dr. Orji Kalu, and the Vice Chairman of Toro-Atlantic Global Limited FZE, Tiger Li.
The event was witnessed by the Executive Manager of Toro-Atlantic Global Limited FZE, Thomas Cheng; the Operations Director of Toro-Atlantic Global Limited FZE, Henry Li; the Marketing Director of Toro-Atlantic Global Limited FZE, Cindy Wang; and the Special Assistant to the Chairman and Legal Adviser of Toro-Atlantic Business Group, Tong Fan.
Kalu said there is no doubt that with his vision to grow his business beyond boundaries, coupled with the strong and integrated manufacturing capability of Toro Atlantic Global Limited FZE, the joint venture will be a success in Nigeria.
The new joint-venture entity, Slok Toro-Atlantic Nigeria Limited, will bring high tech technology to Nigeria through the establishment of manufacturing plants for mobile phones, tablets and laptops among others in three major cities in the country.
The company is expected to create employment and promote technological and skills transfer.
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