Luo Liguo Family (Hoshine Silicon)
Overview
Luo Liguo founded Hoshine Silicon in 2005, building it into a leading silicon-based materials producer in China. Core businesses include silicon metal, silicone rubber, and polysilicon for solar panels. Hoshine is one of the world's largest silicon metal producers, with a market cap exceeding US$10 billion as of 2023.
Description
Luo Liguo family controls Hoshine Silicon, a top global silicon and polysilicon manufacturer based in Xinjiang, China.
Leadership
Governance
Hoshine Silicon Industry Co., Ltd. is the main listed entity. Luo Liguo holds a controlling stake via direct and indirect shareholdings. Decision-making is centralized under Luo as chairman and de facto leader.
Succession
Luo Liguo's son, Luo Yi, serves as a director and vice president, indicating a planned succession. Transition is ongoing with Luo Liguo still active as chairman.
Public-Sector Context
Hoshine has strong ties to Xinjiang government and benefits from local industrial policies. It has faced US sanctions over alleged forced labor, creating regulatory risk. Luo Liguo is a delegate to the Xinjiang People's Congress.