There are more rays of hope for local contents galvanization and more jobs for the youths as SLOK Nigeria Limited on Monday signed a Memorandum of Understanding with Toro-Atlantic Global Limited FZE, China 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 like building of computers, mobile phone plants in Nigeria.
Toro-Atlantic Global limited is operated in Dubai globally and it has impressive and abundant manufacturing facilities in Africa as well as in China, its business group product portfolio includes smart phone, tablet, laptop, air-condition and refrigerator.
The Memorandum of Understanding was signed by Dr. Orji Kalu, founder of SLOK Holding, and FZE Tiger Li, vice chairman of Toro-Atlantic Global Limited, and authorized by Toro-Atlantic Global Limited FZE 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.
Kalu in his remarks stated 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 (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.