Nantong Chemical & Light Industry

Nantong Chemical & Light Industry

Nantong Chemical & Light Industry was established in 1963 in Nantong, Jiangsu province, as a state-owned chemical and light industrial materials distributor. Luo Delong, a recognized National Labor Model, rose to become the honorary chairman and retains an approximate 36% direct stake in the entity. Chairman Ben Xuebing now leads day-to-day operations alongside director Luo Feng, signaling a multi-generational family-influenced governance structure rooted in China's industrial reform era. The group's capital deployment concentrates on midstream energy infrastructure and chemical logistics. It owns and operates bulk liquid storage terminals in Nantong, Lianyungang, and Tianjin Lingang, positioning the firm at critical nodes of China's coastal petrochemical supply chain. Its investment strategy favors direct industrial joint ventures, with confirmed partnerships including the Lanxess-TSRC (Nantong) chemical plant with German specialty chemicals maker Lanxess and Taiwanese synthetic rubber producer TSRC Corporation. A dedicated chemical transport fleet supports these terminal and manufacturing assets. The firm's scale remains undisclosed, but its asset footprint spans commercial real estate — including its Jinshuyinhua Building headquarters in Chongchuan District — and three industrial storage clusters. The group carries 'Industry Benchmark' status with the China Chemical & Light Industry Materials Circulation Association and recognition as an 'Innovative Enterprise' from the China Federation of Logistics & Purchasing. These institutional affiliations reinforce its operational credibility within China's state-adjacent industrial ecosystem. Structurally, Nantong Chemical & Light Industry differs from a conventional family office by operating as an active industrial conglomerate with a corporate balance sheet. The Luo family exercises influence through board seats and equity ownership while partnering with multinational corporations on capital-intensive infrastructure. This architecture blends legacy state-enterprise roots with modern private capital deployment, making it a unique hybrid among Chinese corporate investors.