Nantong Chemical & Light Industry

Nantong Chemical & Light Industry

Nantong Chemical & Light Industry was founded in 1963 in Nantong, Jiangsu, a Yangtze River Delta port city. The firm's origins trace to China's state-enterprise era as a distributor of chemical products and light industrial materials. Honorary Chairman Luo Delong has led the company since its founding, holding roughly a 36% direct stake, while Chairman Ben Xuebing operates as a significant shareholder and business partner. The firm transitioned from pure distribution into physical asset ownership over several decades, embedding itself deeply in the petrochemical logistics chain. Deployment concentrates on industrial real estate and logistics infrastructure supporting China's chemical trade. The firm's portfolio includes three deepwater storage terminals — at Nantong Petrochemical Storage Terminal, Lianyungang Storage Facility, and Tianjin Lingang Storage Terminal — plus a chemical transport fleet. Joint venture partnerships anchor the strategy: TSRC Corporation and Lanxess are named co-investors, with the Lanxess-TSRC (Nantong) joint venture a confirmed operating entity. The asset base spans raw chemical materials inventory, storage capacity, and the Jinshuyinhua Building Headquarters, a commercial property occupying floors 14–18 in Nantong's Chongchuan District. Team structure reflects a family-enterprise governance model. Luo Delong holds the title of Honorary Chairman, recognized as a National Labor Model. Ben Xuebing serves as Chairman. The firm maintains membership in the China Chemical & Light Industry Materials Circulation Association, where it holds Industry Benchmark status, and the China Federation of Logistics & Purchasing, recognized as an Innovative Enterprise. The firm's structural differentiator is its posture as a permanently capitalized corporate investor — it reinvests operating profits from chemical trading and logistics into hard assets, with no external fund structure, no disclosed LPs, and no redemption pressure. This positions it closer to a legacy Asian conglomerate's treasury function than to a modern single-family office, though the ownership concentration and family governance align it with family-office characteristics.