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,

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Koch Industries Latest News

The Koch brothers are reportedly backing a Time Inc. and Meredith deal

David Koch, executive vice president of Koch Industries. Reuters/Brendan McDermid Time Inc. is said to be in talks with Meredith Corp. to sell itself. The potential deal is reportedly backed by billionaire brothers Charles and David Koch. The Koch brothers ...
Posted: November 16, 2017, 3:49 am

Koch brothers reportedly behind deal to buy Time magazine

The person asked not to be identified because the matter is private. An email to the billionaire brothers’ business, Koch Industries Inc., wasn’t immediately answered. A Time representative declined to comment and an email to Meredith outside of ...
Posted: November 16, 2017, 9:12 am

Meredith Bid for Time Inc. Said to Be Backed by Koch Brothers

A spokesman for the brothers’ business, Koch Industries, declined to comment on Wednesday. Time Inc. also declined to comment. Meredith did not immediately respond to a request for comment. The companies have been negotiating over the past several days ...
Posted: November 16, 2017, 11:32 am
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