August 29, 2014 6:14 PM ET

Industrial Conglomerates

Company Overview of Koch Industries, Inc.

Company Overview

Koch Industries, Inc., through its subsidiaries, engages in chemicals and biofuels refining; forest and consumer products; fertilizers; polymers and fibers; electronic components; process and pollution control equipment and technologies; commodity trading; minerals; energy; ranching; glass; and investment businesses in the United States and internationally. The company produces and markets transportation fuels, biofuels, lube oil, asphalt, and chemicals; operates pipelines that transport crude oil, refined petroleum products, ethanol, natural gas liquids, and chemicals; manufactures and markets building products, consumer products, packaging, paper, cellulose, and chemicals; produces, market...

4111 East 37th Street North

Wichita, KS 67220

United States

Founded in 1940

Phone:

316-828-5500

Fax:

316-828-5739

Key Executives for Koch Industries, Inc.

Chairman and Chief Executive Officer
Age: 78
Chief Financial Officer
Executive Vice President of Operations Excellence and Compliance and Director
Age: 55
Executive Vice President and Director
Compensation as of Fiscal Year 2014.

Koch Industries, Inc. Key Developments

Koch Industries Seeks Acquisitions

Koch Industries, Inc. seeks acquisitions. "Then we’re doing that in our fertilizer business as well, and we’re doing it in Flint Hills with biofuels. So that’s another area that’s a combination of both internal development and acquisitions. Engineering polymers at Invista is another tremendous area. There’s been a lot of work in engineering polymers over the years, but we’ve found some gaps in where these materials can be turned into products and have superior value. I don’t want to get into specifics on those because we’re still in the trial stage on some of them. But that’s another very promising area. Then another one, which involves so much new technology — and not that we would go back into the drilling business — but in support for directional drilling, particularly, and some of it but not all relates to fracking, but directional drilling and services for that and technology for that. Then another is metals. There have been technical and other changes and new approaches in that, so we’re looking at investments in that field as well. And then obviously in consumer products, pulp and paper, we’re continually making acquisitions in that area," said Chief Executive Officer, Charles Koch.

Koch Presents at 5th International LNG Shipping Conference 2014, Feb-05-2014

Koch Presents at 5th International LNG Shipping Conference 2014, Feb-05-2014 . Venue: Le Meridien Piccadilly, London, United Kingdom.

Koch Industries's Subsidiary to Begin Laying Off Workers at its North Carolina Plant

A subsidiary of Koch Industries expects to begin laying off workers at its North Carolina plant at the end of the year as part of a wind-down of one of its products, which was announced in 2012. About 100 workers at the Invista plant in Wilmington will be affected. Those workers are involved in the manufacture of a product called DMT — or dimethyl terephthalate, a raw material for polyester films and fibers — which is no longer feasible for the company to produce. The workers there were notified of the plan to cease the manufacture of DMT in September 2012. The layoffs will happen in two phases, one at the end of the year and another at the end of January 2014. The affected workers are able to apply for other positions within Koch companies and would receive help from Invista to find jobs outside of it and Koch. About 50 people will continue to be employed at the Wilmington plant, which produces another product called Terate aromatic polyester polyols.

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