SLOK signs joint venture pact with Chinese firm, Toro-Atlantic
Headlines Tuesday, January 14th, 2014SLOK Nigeria Limited, on Monday, signed a Memorandum of Understanding (MoU) with Toro-Atlantic Global Limited FZE for 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 globally and has impressive and abundant manufacturing facilities in Africa as well as in China. Its business group product portfolio includes smart phone, tablet, laptop, air-conditioner and refrigerator.
The MoU was signed by the founder of SLOK Holding, Dr. Orji Kalu and Vice Chairman of Toro-Atlantic Global Limited FZE, Tiger Li, authorised by Toro-Atlantic Global Limited FZE Chairman, Alex Asiedu. The event was witnessed by Executive Manager of Toro-Atlantic Global Limited FZE, Thomas Cheng; Operation Director of Toro-Atlantic Global Limited FZE, Henry Li; Marketing Director of Toro-Atlantic Global Limited FZE, Cindy Wang; Special Assistant to the Chairman and Legal Adviser of Toro-Atlantic Business Group, Tong Fan.
Dr. Kalu, in his remarks, stated there was 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 would be a success in Nigeria. The new joint-venture entity, SLOK Toro-Atlantic Nigeria Limited (STA), will bring high tech technology to Nigeria through the establishment of manufacturing plants for mobile phone, tablet and laptop, among others, in three major cities in the country. The company is expected to create employment for the teeming unemployed, while promoting technological and skills transfer to the country.
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