Tongli Turkiye

pending

 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) http://en.tonglioptech.com/,  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.