Turkiye: GRT Climate Facility (AIIB-000963)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Turkiye
Geographic location where the impacts of the investment may be experienced.
Specific Location
Kirklareli
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Apr 1, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Great Rich Technologies Limited, Hui Sun
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Construction
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 75.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 75.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 382.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ AIIB website

Updated in EWS Feb 19, 2026

Disclosed by Bank Feb 9, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the AIIB, the objective of this investment is to support the production of energy-saving and emission-reducing materials in contributing to global decarbonization efforts.

Founded in 2001, Great Rich Technology Co., Ltd (GRT, the Borrower) is a premier Chinese manufacturer specializing in functional coating composite materials.

Having established three production facilities housing over 30 advanced production lines in China, GRT is establishing its first overseas manufacturing base in Turkiye. This move aims to enhance its capacity to produce energy-saving and emission-reducing film materials, catering to the increasing global demand for such materials that help reduce greenhouse gas emissions. These innovative film materials will play a crucial role in reducing industrial carbon footprints in GRT's targeted emerging markets while facilitating technology transfer through localized production.

The proposed Project aims to finance the establishment of GRT's first manufacturing facility abroad, to be situated in Kirklareli, Turkiye. This new plant will produce primarily energy-saving window films, materials for capturing CO2 and volatile organic compounds (VOCs) absorption materials, and paint protection films.

International Finance Corporation of the World Bank Group (IFC) is expected to be a co-financier.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

According to the AIIB, the total Project cost is estimated at USD382 million, to be funded by an RMB loan of up to USD75 million equivalent from AIIB.
IFC is also anticipated to contribute RMB540 million (approximately USD75 million).

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the AIIB, Great Rich Technology Co., Ltd, founded in 2001, is a premier Chinese manufacturer specializing in functional coating composite materials.

As stated by Bloomberg, Great Rich Technologies develops, manufactures, and markets coating films and protection films. The Company produces optical protection films, polyethylene amorphous protective films, 3D display optical films, and more. Great Rich Technologies sells its products across worldwide.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Great Rich Technologies Limited Client Industry and Trade

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

AIIB Team Leader:

Huaixue Fu - Senior Investment Officer
Email: huaixue.fu@aiib.org

Client - Great Rich Technologies Limited:

Hui Sun - Executive Assistant to the Chairman
Email: sunhui@tonglioptech.com

Guarantor

Jiangyin Tongli Photoelectric Technology Co., Ltd.
Jiangsu Huizhi New Material Technology Co., Ltd.
Jiangsu Tongli Optical New Material Group Co., Ltd.

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html

ACCOUNTABILITY MECHANISM OF AIIB

The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html

The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html

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