Koch Industries, headquartered in Kansas, USA, is the largest unlisted company in the world. Its annual sales exceed $50 billion, and its business covers crude oil exploitation, oil refining, trade, pipeline transportation, agriculture and animal husbandry, financial services, road asphalt and other fields. Koch also owns the largest liquefied petroleum gas processing group in North America, accounting for 25% of the total market in North America. In the original trade field, Koch's annual trade volume exceeded 700 million tons. Koch is also the sixth largest power supplier in the United States, and its power supply business covers all 50 States.
Its subsidiary, American Coriolis Material Company, is one of the largest professional road asphalt manufacturers and suppliers in the world, with 55 years of successful experience, and is in a leading position in the research, development, production and application of road asphalt products. At the same time, Koch Materials Company is the most important participant in the Strategic Highway Research Program (SHRP) in the United States, and Koch Asphalt Specification is a national specification certified by the Federal Highway Administration and juxtaposed with SHRP Specification.
The Development History of Koch Industries
Koch Industrial Group, established in 19 18, is a typical family business. At present, the head, chairman and CEO of the company are all Koch II, CharlesKoch and DavidKoch. The company's credit rating in Moody's Investment Services Company is Aa 1, and Standard & Poor's rating is AA+.
Among the largest private companies in the world, Koch has a short history. Both Cargill and Kohler have a history of over 100 years. In just over 60 years, it has been able to expand into the largest private holding company in the United States and even the world without relying on the financing function of the capital market, which shows how great the commercial ability of the Koch family is.
The core of Koch Enterprise Group is petroleum and chemical industry. 1940, the founder of Koch family set up an oil refinery, and Koch's great journey began. Now, Koch Industries is in charge of his two sons. Koch's growth benefited from a series of acquisitions, which mainly used family-owned capital rather than capital market financing. In order to ensure the control position of the Koch family, they set up the Koch family foundation and set up their own think tank. They are also very active politically.
KoSa Company is a company that produces commodities, special polyester fibers, polymers and chemical intermediates, and became an affiliated company of Koch Industrial Group on 1998.
Koch 1999 set foot in China market. At present, Koch Materials (China) Co., Ltd. is the only company that has opened an office in China, mainly engaged in road asphalt. Seven asphalt products companies have been established in Ezhou, Guangzhou, Zhenjiang, Xi, Tianjin, Sanshui and Luzhou, with nearly 500 employees. Some other business areas of Koch entered China as agents.
On April 30, 2004, a subsidiary of Koch Industrial Group acquired Invista (formerly DuPont textile and interior decoration materials) from DuPont, and merged Kossa into Invista.
In 2005, Koch Industries surpassed Cargill and became the largest private company in the world.
In 2006, the total sales of Koch Industrial Group was $654.38+006 billion, exceeding the vast majority of Fortune 500 companies. Koch did not disclose its profits. There are about 30,000 employees in the whole enterprise group, which is not large for a company with heavy industries such as petroleum, chemicals, energy, materials and mining. In addition, Koch also manages the financial industry and futures trading.
The Development of Koch Industry in China
Koch Company entered the China market on1June, 1999, and established eight asphalt products companies in China, including Ezhou, Guangzhou, Zhenjiang, Xi, Tianjin, Sanshui, Luzhou and Zhengzhou, and Beijing Asphalt Technology R&D Center. By the end of 2003, Koch Company had produced and supplied more than 800,000 tons of asphalt products with excellent performance to more than 20 provinces, cities and regions in China, of which 500,000 tons were SBS modified asphalt, accounting for nearly half of the market share in China. Koch Materials (China) Company has become the largest producer of modified asphalt and emulsified asphalt in China.
China has a vast territory, complicated climatic conditions and changeable road conditions. Koch's Pavement Solution in China? Coriolis pavement solution is to provide different Coriolis products and technologies for different roads according to the specific needs of customers in China, so as to achieve the purpose of more durable pavement. Koch has successfully put Stylink? Keywords Koch polymer modified asphalt, Koch micro-surfacing system, Strata? Coriolis reflection crack stress absorption system and NovaChip? New technologies and materials such as ultra-thin modified wear-resistant layer system and SHRP Superpave are applied to roads in China.
With its strong technical force, successful management experience and abundant financial strength, Koch China will continue to introduce Koch pavement solutions suitable for the characteristics of China highway to meet the requirements of users in China.
Koch industries business
The main business covers oil, energy and other fields:
1. Crude oil exploitation is one of the main miners in North America, and its exploitation technology represents the advanced level in the world.
2. Crude oil trade is one of the major crude oil traders in the world, with an annual crude oil trade volume exceeding 700 million tons.
3. Natural gas is one of the largest natural gas mining, transportation and traders in North America.
4. Pipeline transportation is the largest pipeline transportation company in North America, with the longest petrochemical pipeline in North America.
Liquefied petroleum gas is the largest liquefied petroleum gas processing group in North America, accounting for 25% of the total market.
6. The annual refining capacity of the refinery exceeds 30 million tons, and the utilization rate of the refinery exceeds 95%.
7. Petrochemical products are widely used in chemical industry, plastics, pharmacy, electronics, agriculture and other industries.
8. Petrochemical Technology is one of the major oil refining equipment manufacturers in the world, producing all kinds of chemical production equipment.
9.Power supply is the sixth largest power supplier in the United States, and its power supply business covers all 50 States in the United States.
10. Agriculture and animal husbandry includes the world's largest feed production group, as well as chemical fertilizers, animal husbandry and other businesses.
1 1. Mineral trade is one of the major mineral traders in the United States and the largest petroleum coke trader in the world.
12. Financial services are engaged in lending, risk management, financial securities trading and financial consulting.
13. Road asphalt owns Coriolis Materials Company, one of the largest professional road asphalt companies in the world.
Koch Industrial Group has created higher value for customers by making more effective use of its own technology, capital and experience, and maintained high-speed growth and good benefits for a long time. In the 2 1 century, Koch industrial group will face the global market and continue to develop this successful business strategy.
Koch Industries Acquisition and Related Milestones
1. 1940: Fred Koch is one of the founders of Harmony Oil and Refining Company.
2. 1946: Our company acquired Iwashima Petroleum Refining Company in Oklahoma.
3. 1959: The company was renamed as Iwashima Petroleum Refining and Chemical Company.
4. 1959: Fred Koch's 35% equity position in the purchase amount is out of sight in great north Petroleum Company of Sao Paulo Manganese.
Kirk's death prompted the company, the political party now led by Charles Koch, to be named Koch Industries in memory of its co-founder.
6. 1977: Cork acquired 100% equity of abcor, which was later renamed as Koch Membrane System on 1985.
7. 198 1: The company acquired the oil refinery in Corpus Christi, Texas from Sunoil.
8. 1986: The company acquired Rice Coal Company. Reece Coal Company.
9. 1989: Assets purchased by our company, John Zink Company.
10. 1992: the company acquired the American natural gas pipeline.
1 1. 1993: Acquisition of Elf asphalt.
12. 1997: The company acquired Delhi Group.
13. 1998: Nestle Mills is the day after tomorrow.
14. 1998: After the acquisition of Kossa, 50% of the shares of Hearst polyester were voted by secret ballot.
15.2000: In order to maintain the feasibility of Nestle, the bankruptcy court of the United States cancelled all the shares and kept Koch Company in Nestle.
16.200 1 year: the company and its partner Entergy Company established Entergy Company-Koch as a limited liability partnership, including Koch's American natural gas pipeline subsidiary.
17.2003: Acquisition of bankrupt agricultural land industry with chemical fertilizer division.
18.2004: Cork acquires Invista fiber and resin business from DuPont. Entergy-Koch was sold. Entkey Company-Koch Company for sale.
19.2005: Koch was awarded the bagnolo Spa in the industrial city of Kaaniche, which was later renamed as Koch Heat Transfer Company Srl Company.
20.2005: Kirk acquired Georgia Pacific, which is the largest acquisition in its history, and surpassed Cargill to become the world's largest American private company.