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Koch Industries, Inc. /ˈkook/ is an American multinational corporation based in Wichita,
Kansas, United States, with subsidiaries involved in manufacturing, trading and
investments. Koch also owns Invista, Georgia-Pacific, Flint Hills Resources,
Koch Pipeline, Koch Fertilizer, Koch Minerals and Matador Cattle
Company. Koch companies are involved in core industries such as the
manufacturing, refining and distribution of petroleum, chemicals, energy,
fiber, intermediates and polymers, minerals, fertilizers, pulp and paper, chemical
technology equipment, ranching, finance, commodities trading, as well as
other ventures and investments. The firm employs 50,000 people in the United
States and another 20,000 in 59 other countries.
In 2011, Forbes called it the
second largest privately held company in the United States (after Cargill),
with an annual revenue of about $98 billion, down from the largest in 2006. If
Koch Industries were a public company in 2007, it would rank about 16 in the
Fortune 500.
Fred C. Koch, after whom Koch
Industries, Inc. is named, co-founded the company in 1940 and developed an
innovative crude oil refining process. His sons, Charles G. Koch, chairman
of the board and chief executive officer, and David H. Koch, executive vice
president, are principal owners of the company after they bought out their
brothers, Frederick and William, for $1.1 billion in 1983.Charles and David H.
Koch each own 42% of Koch Industries, and Charles has stated that the company
will publicly offer shares "literally over my dead body".
Koch Industries, Inc.
Type Private
Industry Conglomerate
Founded 1940
Founder(s) Fred C. Koch
Headquarters Wichita, Kansas, U.S.
Area served Worldwide
Key people Charles G. Koch
(Chairman & CEO)
David H. Koch
(Executive Vice President)
Products Asphalt, chemicals, commodities
trading, energy, fibers, fertilizers, finance, minerals, natural gas, plastics,
petroleum, pulp and paper, ranching
Revenue US$ 100 billion (2009)
Owner(s) Koch family (84%)
Employees 70,000 (2009)
Subsidiaries
Georgia-Pacific, Invista
Website Kochind.com
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