Tongli Turkiye (IFC-50152)

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
Lüleburgaz, Organized Industrial Zone in Evrensekiz/Gündogu Neighborhood, Corlu, Kirklareli Province
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
  • International Finance Corporation (IFC)
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
Oct 31, 2025
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
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)
$ 75.73 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.
Currency conversion note:
Bank reported 540
Converted using 2025-09-04 exchange rate.
Loan Amount (USD)
$ 75.73 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 @ IFC website

Updated in EWS Sep 10, 2025

Disclosed by Bank Sep 4, 2025

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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.

As stated on the project disclosure page, IFC’s proposed investment is a senior loan of up to RMB540 million (approximately US$75 million) to Great Rich Technologies Limited (“GRT”, or the Company), a leading manufacturer of precision coated functional materials and polymer film materials. Started as a traditional packaging material manufacturer, Great Rich has evolved into a “one-stop” solution provider in advanced precision coated functional materials and polymer film materials with broad applications in downstream industries such as consumer electronics, automotive, household appliances and renewable energy.

The company has two production facilities in Jiangyin and one facility in Lianyungang in China just completed construction and reached to 50% of operation. 
The proposed loan will facilitate GRT's establishment of its first overseas manufacturing facility at Parcel 398 and 460, Block 256, Lüleburgaz. The location is within an Organized Industrial Zone (OIZ) in Evrensekiz/Gündogu Neighborhood, located in, Kirklareli Province, Türkiye. The Türkiye facility will primarily produce energy-saving window films, CO2 and volatile organic compounds (VOCs) capture materials, and paint protection films. The project is at feasibility and planning stage; construction will start in 2026 and will reach full operation in late 2028.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
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 IFC, the Company is controlled by its founder and Chairman, Mr. Yongnan Zhou (the Sponsor), who holds a 50.8 percent stake. China Development Industrial Bank (CDIB) Capital Group, an investment company based in Taiwan, China holds 12.2 percent and Compal Group, an original design manufacturer for consumer electronics based in Taiwan, China holds 3.2 percent. The remaining shares are publicly traded. 

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
China Development Industrial Bank (CDIB) Capital Group Investor Finance invests in Great Rich Technologies Limited Client Industry and Trade
Compal Electronics, Inc. (Compal Group) Investor Industry and Trade invests in 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.

General IFC Inquiries - IFC Communications:

Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384

Client - Great Rich Technologies Limited:

Address: 26 Tonggang Road, Changying Town, Jiangyin City, Jiangsu Province, China
Phone: +86 510 80633330 / +86 510 80633336
Fax: +86 510 86312266
Website: http://en.tonglioptech.com/

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

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How it works