Koch Industries Net Worth is115.00e $Billion
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Type: Privately held company
Industry: Conglomerate (company)
Foundation: 1940
Location City: Wichita, Kansas, Kansas
Location Country: U.S.
Area Served: Worldwide
Founder: Fred C. Koch
Key People: Charles G. Koch,
Products: Asphalt, Chemical substance, Commodity, energy, fibers, fertilizers, finance, minerals, natural gas, plastics, petroleum, Pulp and paper industry, ranching Revenue: url
Num Employees: 60,000 (2011) Owner: Koch family (84%)
Subsid: Georgia-Pacific, Invista
Homepage: http://www.kochind.com//Kochind.com
Koch Industries, Inc. /E?koE?k/ 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".
In 1925, Fred C. Koch joined MIT classmate Lewis E. Winkler at an engineering firm in Wichita, Kansas, which was renamed the Winkler-Koch Engineering Company. In 1927 they developed a more efficient thermal cracking process for turning crude oil into gasoline. This process threatened the competitive advantage of established oil companies, which sued for patent infringement. Temporarily forced out of business in the United States,

Koch Industries Net Worth, 3.4 out of 5 based on 8 ratings

Koch Industries Latest News

Trump’s Koch administration

Names being considered include Koch Industries lobbyist Brian Henneberry and former company spokesman Matt Lloyd, as well as Daniel Garza, who runs a Koch-backed nonprofit called the LIBRE Initiative that courts Latinos, not to mention a handful of ...
Posted: November 28, 2016, 4:12 pm

Koch Industries Says House GOP’s Tax Plan ‘Could Be Devastating’

Koch Industries Inc., the influential private firm headed by billionaire Republican supporters Charles and David Koch, slammed a key element of the House Republicans’ plan to overhaul corporate taxes, saying it would raise prices for American consumers ...
Posted: December 8, 2016, 7:27 am

Koch Industries Criticizes Key Feature of House GOP Tax Plan

Koch Industries Inc., a conglomerate run by billionaire brothers active in Republican politics, says a key feature of House Republicans’ tax plan could be “devastating” to American consumers and the economy. The statement comes from a company that is ...
Posted: December 7, 2016, 4:16 pm
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