Koch Industries, Inc. /ˈkoʊk/) is an American private energy conglomerate based in Wichita, Kansas, 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[1] of petroleum, chemicals, energy, fiber, intermediates and polymers, minerals, fertilizers, pulp and paper, chemical technology equipment, ranching,[2] finance, commodities trading, as well as other ventures and investments.
Koch was one of the first oil firms to lobby directly against a national low carbon fuel standard in 2007, filing records that state: "Oppose restraints on production and use of energy." [2]
In 2008, Forbes called it the second largest privately held company in the United States (after Cargill) with an annual revenue of about $98 billion,[3][4][5] down from the largest in 2006. If Koch Industries were a public company in 2007, it would rank about 16 in the Fortune 500.[6]
Fred C. Koch, for whom Koch Industries, Inc. is named, co-founded the company in 1940 and developed an innovative crude oil refining process.[7] 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.[8] 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".
Koch companies work continuously to recruit top talent around the globe. In hiring, recruiting and retention of employees, we are guided by Thomas Jefferson's belief that virtue is as important as talent.
Our employees embrace values that include integrity, compliance, Principled Entrepreneurship™, customer focus, humility and respect. We believe the ability to create real value depends on a principled entrepreneurial culture in which members are passionate about discovery and produce results. We foster a workplace culture of initiative and responsibility, and we not only encourage, but require, employees to challenge the status quo.
If you are interested in working for a company that rewards hard work, integrity and initiative, we encourage you to visit the career websites listed at right for Koch Industries, INVISTA, Flint Hills Resources and Georgia-Pacific.
BENEFITS
All full-time employees of Koch companies are eligible to participate in Koch Benefits beginning on the first day of the month following their date of employment.
Note: The information provided below is an overview of current benefits only. All benefits are provided in accordance with the provisions of the benefit plan documents. The availability of such benefits and the actual benefits provided may vary between Koch companies. Please refer to the specific benefits summary when applying to jobs with Koch affiliated companies.
U.S. Benefits
401(k) Savings (100% company match up to 6% employee contribution after 1 year)
Pension
Medical
Dental
Reimbursement Accounts (Flexible Spending Accounts)
Employee Life Insurance
Accidental Death & Dismemberment Insurance
Dependent Life Insurance
Business Travel Accident Insurance
Short Term Disability
Long Term Disability
Educational Assistance
Paid Holidays
Paid Sick Leave
Paid Vacation
Our core capabilities include Market-Based Management®; innovation; operations excellence; trading; transaction excellence; and public sector which encompasses legal, communication, community relations and government relations.
Georgia-Pacific's value-driven positioning, "Making Life's Simple Necessities™," is exemplified through its widely recognized brands of paper towels, bath tissue and disposable tableware, among other products.
Koch companies strive for world-class performance and cost-effective operations. And Koch companies have earned recognition for superior performance in environmental protection, health and safety.
Maintaining strong financial health has always been a priority for Koch companies, which cultivate a disciplined style of managing their businesses and investments. As a private company, our approach has been to reinvest 90 percent of our earnings. Contributing to the company’s continued financial strength is the shareholders’ long-time policy of reinvesting 90 percent of earnings. Since 2003, Koch companies have completed more than $32 billion in acquisitions and investments, and nearly $11 billion in capital expenditures.
Since 1960, the value of the Standard & Poor's 500 grew 78-fold, assuming the reinvestment of dividends. During that same period, the value of Koch Industries grew more than 2,600-fold, using the same assumptions. The growth of Koch companies has been achieved both through acquisitions and through expansion and broadening of existing businesses. Koch companies also exit or decrease their investments in businesses based on a continuous evaluation process that compares their internal value to their market value.
Koch companies are involved in core industries such as the manufacturing, refining and distribution[1] of petroleum, chemicals, energy, fiber, intermediates and polymers, minerals, fertilizers, pulp and paper, chemical technology equipment, ranching,[2] finance, commodities trading, as well as other ventures and investments.
Koch was one of the first oil firms to lobby directly against a national low carbon fuel standard in 2007, filing records that state: "Oppose restraints on production and use of energy." [2]
In 2008, Forbes called it the second largest privately held company in the United States (after Cargill) with an annual revenue of about $98 billion,[3][4][5] down from the largest in 2006. If Koch Industries were a public company in 2007, it would rank about 16 in the Fortune 500.[6]
Fred C. Koch, for whom Koch Industries, Inc. is named, co-founded the company in 1940 and developed an innovative crude oil refining process.[7] 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.[8] 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".
Koch companies work continuously to recruit top talent around the globe. In hiring, recruiting and retention of employees, we are guided by Thomas Jefferson's belief that virtue is as important as talent.
Our employees embrace values that include integrity, compliance, Principled Entrepreneurship™, customer focus, humility and respect. We believe the ability to create real value depends on a principled entrepreneurial culture in which members are passionate about discovery and produce results. We foster a workplace culture of initiative and responsibility, and we not only encourage, but require, employees to challenge the status quo.
If you are interested in working for a company that rewards hard work, integrity and initiative, we encourage you to visit the career websites listed at right for Koch Industries, INVISTA, Flint Hills Resources and Georgia-Pacific.
BENEFITS
All full-time employees of Koch companies are eligible to participate in Koch Benefits beginning on the first day of the month following their date of employment.
Note: The information provided below is an overview of current benefits only. All benefits are provided in accordance with the provisions of the benefit plan documents. The availability of such benefits and the actual benefits provided may vary between Koch companies. Please refer to the specific benefits summary when applying to jobs with Koch affiliated companies.
U.S. Benefits
401(k) Savings (100% company match up to 6% employee contribution after 1 year)
Pension
Medical
Dental
Reimbursement Accounts (Flexible Spending Accounts)
Employee Life Insurance
Accidental Death & Dismemberment Insurance
Dependent Life Insurance
Business Travel Accident Insurance
Short Term Disability
Long Term Disability
Educational Assistance
Paid Holidays
Paid Sick Leave
Paid Vacation
Our core capabilities include Market-Based Management®; innovation; operations excellence; trading; transaction excellence; and public sector which encompasses legal, communication, community relations and government relations.
Georgia-Pacific's value-driven positioning, "Making Life's Simple Necessities™," is exemplified through its widely recognized brands of paper towels, bath tissue and disposable tableware, among other products.
Koch companies strive for world-class performance and cost-effective operations. And Koch companies have earned recognition for superior performance in environmental protection, health and safety.
Maintaining strong financial health has always been a priority for Koch companies, which cultivate a disciplined style of managing their businesses and investments. As a private company, our approach has been to reinvest 90 percent of our earnings. Contributing to the company’s continued financial strength is the shareholders’ long-time policy of reinvesting 90 percent of earnings. Since 2003, Koch companies have completed more than $32 billion in acquisitions and investments, and nearly $11 billion in capital expenditures.
Since 1960, the value of the Standard & Poor's 500 grew 78-fold, assuming the reinvestment of dividends. During that same period, the value of Koch Industries grew more than 2,600-fold, using the same assumptions. The growth of Koch companies has been achieved both through acquisitions and through expansion and broadening of existing businesses. Koch companies also exit or decrease their investments in businesses based on a continuous evaluation process that compares their internal value to their market value.