📋 Tender Overview
Project Number
50152
Company Name
Great Rich Technologies Limited
Date ESRS Disclosed
Sep 4, 2025
Country
East Asia and Pacific Region
Region
East Asia and the Pacific
Last Updated Date
Environmental Category
B - Limited
Status
Pending Approval
Sector
Other Plastic and Rubber Products
Industry
other
Department
Regional Industry - MAS Asia & Pac
Project Description
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.
Overview of IFC's Scope of Review
The review assessed the existing operations in China and the plans for the new facility in Türkiye. The focus included gaining an understanding of the corporate structure of GRT and existing ES policies and procedures at the facility level. Site visits were conducted to the Jiangyin and Lianyungang operating facilities between 9-12 Dec 2024 and visit to the Türkiye greenfield project site in Lüleburgaz on 17 April 2025. IFC review focused on (a) assessment of environment and social (E&S) management systems (ESMS) at GRT corporate level to implement the project aligned with IFC Performance Standards (PSs) and the World Bank Group (WBG) Environmental Health & Safety (EHS) EHS General Guidelines and WBG EHS Guidelines for Printing (2007); (b) review of the E&S Impact Assessment (ESIA), Environmental Social Management Plan(ESMP), and the Stakeholder Engagement Plan(SEP) for Türkiye greenfield project prepared as per IFC PS requirements. IFC’s review also included an assessment of labor and working conditions, Environmental Health and Safety (EHS) policies and procedures, and other relevant E&S documentation. During the site visits, interviews were conducted with senior management, E&S staff based in China headquarters
