There are a variety of companies owned by the Koch brothers. If you’ve been keeping up with the news about them, you might be wondering what things the Koch brothers manufacture.
The Koch brothers, Charles and David, rose to prominence for their libertarian and conservative ideals and were commonly portrayed as prominent personalities who affected elections and governmental choices. Governing Koch Industries Inc., which they owned more than 84% of, was their main focus, notwithstanding their notoriety as political influencers.
Koch Industries is a private company with yearly revenues of more than $110 billion. The corporation is not a single entity, but rather a grouping of various businesses under one roof. David Koch retired from all Koch Industries duties on June 5, 2018, due to health issues, and he died on August 23, 2019.
Revenue Growth at Koch Industries
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Some of Koch Industries’ most important financial data is unavailable to investors because the company is not publicly traded. The conglomerate, meanwhile, has seen its value increase since 1960 at a rate 16 times larger than that of the S&P 500, according to an SEC fact sheet.
The range of businesses under the Koch umbrella, from those that deal with energy to spandex, is broad. Paper is made by Koch enterprises, and they also refine oil and handle minerals to make fertilizer. A few of the subsidiaries also engage in investment, trading in commodities, and ranching.
Flint Hills Resources
Flint Hills provides petroleum, gasoline, diesel fuels, jet fuels, and other oil products, as well as polymers and other chemicals. The combined capacity of the company’s ethanol plants is around 725 million gallons per year.
The company is also looking at biofuels. Flint Hills sells products throughout the United States, Asia, Australia, Europe, South America, Central America, and New Zealand, as well as a variety of chemical applications, coatings, automobile parts, and asphalt.
The Pine Bend Refinery in Minnesota has a daily processing capacity of 392,000 barrels (62,300 m3), with the majority of the crude oil coming from Alberta, Canada. It manages 25% of all Canadian oil sands crude entering the United States.
Additionally, it runs one in each of Iowa and Minnesota, four in Wisconsin, six in Texas, and other terminals.
For $265 million, it bought an oil refinery in Corpus Christi, Texas, from Sunoco in 1981.
It bought a 104,000 b/d oil refinery in Corpus Christi, Texas, from Kerr-McGee in 1994.
On July 16, 2014, Flint Hills Resources purchased Houston-based PetroLogistics, a producer of chemical- and polymer-grade propylene.
Georgia-Pacific
On December 23, 2005, Georgia Pacific was purchased by Koch Industries for $21 billion. More than 30,000 individuals work for the organization across more than 180 sites. While having its headquarters in Atlanta, Georgia, it has a global reach.
Georgia-Pacific, formerly known as Georgia Hardwood Lumber Co., is a pulp and paper business that creates building supplies in addition to paper, tissue, and toilet paper.
The well-known labels Quilted Northern tissue, Brawny paper towels, and Dixie cups are featured on the list of available goods. In addition to pulp, the company also sells wallboard, napkins, cartons, paper dispensers, and other items. The company, which is based in Atlanta, operates in 27 states.
Guardian Industries
On February 1, 2017, Koch Industries fully acquired Guardian Industries, having previously purchased a 44.5% interest in the business. Guardian Industries, based in Michigan, has 18,000 employees spread across the Americas, Europe, Africa, the Middle East, and Asia.
Consider Guardian Industries to be a glass manufacturer. It produces coated glass for architectural demands, glass for building uses, fiberglass insulation, and glass for autos. The business is renowned for its research and creation of innovative uses for glass, including energy-efficient windows.
The business has operations in North and South America, Europe, Asia, Africa, and the Middle East and employs more than 18,000 people.
Invista
Investa is one of the companies owned by Koch brothers it was purchased by Koch Industries in April 2004 for a total of $4.2 billion, which included the assumption of debt and some interests. Invista is a company that deals in fabrics, fibers, plastics, polymers, chemicals, and technology licensing. Invista has close to two dozen brands in total.
A subsidiary of DuPont, Invista manufactures spandex as well as resins, chemicals, and polymers. The company focuses on textiles and has a wide range of brands, including Lycra, Tactel, and Thermolite, in addition to names for baggage, outdoor gear, and carpet (Stainmaster).
In order to create a new firm with the name Invista when Koch Industries acquired Invista in 2004, the conglomerate combined the polymers unit with its already-existing KoSa subsidiary.
Koch Ag & Energy Solutions
In addition to fertilizer and other plant nutrients for the agricultural turf and ornamental plant markets, Koch Ag & Energy Solutions, LLC and its subsidiaries also offer other products and technology with increased efficiency for the energy and chemical industries.
These subsidiaries include Koch Fertilizer, LLC, Koch Agronomic Services, LLC, Koch Energy Services, LLC, and Koch Methanol, LLC. One of the biggest producers of nitrogen fertilizers worldwide is Koch Fertilizer, LLC. Among other countries, Koch Fertilizer owns or has stakes in fertilizer factories in Trinidad & Tobago, Venezuela, Italy, the United States, and Canada.
When the Koch companies bought the Gulf Central Pipeline and the ammonia terminals connected to the pipeline in 1988, Koch Fertilizer was created. The Koch Nitrogen Company was established the next year in order to market ammonia.
Over the following few years, various ammonia factories in Louisiana, Canada, and other locations were bought, as well as ammonia sales contracts with businesses in Australia, the UK, and other nations. Koch Methanol, LLC, and Koch Agronomic Services, LLC were both established in 2010. A factory in which Koch owned a 35% share was nationalized by the Venezuelan government in October 2010.
The business bought British fertilizer company J&H Bunn Limited in 2011. Koch Ag and Energy Solutions has replaced Koch Fertilizer as the company’s name (KAES)
Molex
Molex is one of the big companies owned by the Koch brothers In September 2013, Koch Industries paid $7.2 billion to purchase Molex. In 2013, the business had approximately 100,000 products in its portfolio and more than 35,000 workers working in 15 different countries. Molex’s revenue for the fiscal year that ended June 30, 2013, was around $3.6 billion.
Electronics are made by Molex to address technical issues in robotic surgery, electric vehicles, and even the Mars Exploration Rover. The business also works on fiber optics, smartphones, and defense-related projects.
With a roughly 80-year history, Molex has played a significant role in the creation of some of today’s most well-known technology, such as the first cell phones, HDTVs, and car radios.
Koch-Glitsch
An affiliate of Koch Industries is Koch-Glitsch. Koch-Glitsch designs mass transfer and mist elimination machinery for chemical and refinery facilities all over the world. The Eta Process Plant and Koch Modular Process Systems are two joint ventures that Koch-Glitsch manages as a global leader in process systems.
With more than 400 plants globally, Eta is the top provider of deaeration plants. Vacuum stripping is used by the vast majority of seawater deaeration facilities that Eta supplies.
Modular mass transfer systems are the area of expertise for Koch Modular Process Systems. Chemical purification, solvent recovery, and liquid-liquid extraction are some typical uses for these systems. Additionally, Koch Modular Process Systems has a cutting-edge pilot plant.
Koch Pipeline Company
this is also one of the companies owned by Koch brothers In Texas, Minnesota, Missouri, Iowa, Wisconsin, and Illinois, Koch Pipeline owns pipelines. The pipelines move natural gas, crude oil, and refined petroleum. The Wood River line in Missouri is 580 miles long, and a 540-mile pipeline system in South Texas is the longest of the roughly 4,000 miles of pipeline that Koch Pipeline Company maintains across six U.S. states. Both of these pipelines carry crude oil.
Wood River Oil Co., a forerunner of Koch Industries, bought Rock Island Oil and Refining Co. in 1946. It obtained an Oklahoma crude oil pipeline as part of the deal. Other pipelines across the US and Canada were purchased by Wood River as a result of construction and investments.
It bought United Gas Pipe Line Co., which had pipes spanning 9,271 miles, in 1992. In the Colonial Pipeline, it holds the largest share of ownership.
Infor
Infor is a cloud computing business in that Koch invested $2 billion in November 2016, another $1.5 billion in January 2019, and the whole company’s stock in a $13 billion deal in April 2020.
Koch Chemical Technology Group
For a variety of industrial applications and municipalities around the world, Koch Chemical Technology Group, Ltd. and its subsidiaries design, manufacture, install, and water purification and desalination equipment, service process, and pollution control equipment, as well as offer engineering services.
Conclusion
Along with the main brands already listed, there are still other companies owned by Koch brothers number of smaller companies. For instance, the Matador Cattle Company runs three ranches with 12,000 cattle, and the Koch brothers are associated with a number of additional subsidiary companies. These include Koch Minerals, Koch Engineering Solutions, and Koch Disruptive Technologies.
