ADVERTISEMENT

Last Updated:
2024-04-15 09:09:36

Koch Industries

American multinational conglomerate corporation
American multinational conglomerate corporation
Koch Industries is a major corporation in the US, involved in various industries such as petroleum, chemicals, energy, and finance. Founded in 1940, it is privately held and employs over 122,000 people worldwide.
1398
Koch Minerals trading volume
Koch Minerals, LLC is a major dry-bulk commodity trader handling over 40 million tons of products annually. It plays a significant role in global commodity trading.
1925
Formation of Winkler-Koch Engineering Company
In 1925, Fred C. Koch, along with Lewis Winkler, formed the Winkler-Koch Engineering Company in Wichita, after developing a more efficient method to convert heavy oil into gasoline.
1927
Fred C. Koch develops innovative refining process
In 1927, Fred C. Koch developed an innovative refining process.
1929
Fred Koch persuades Stalin's government to build oil refineries
In 1929, Fred Koch convinced Josef Stalin's authoritarian government in the Soviet Union to pay him $5 million to construct oil refineries. This marked the beginning of his ventures in the oil industry.
1935
Birth of Charles G. Koch
Charles G. Koch, born in 1935, is the CEO and Chairman of Koch Industries.
1940
Founding of Koch Industries
Fred C. Koch founded Koch Industries in 1940 after developing an innovative crude oil refining process.
1942
Koch Industries incorporated as Rock Island Oil & Refining Company
In 1942, Koch Industries was incorporated as Rock Island Oil & Refining Company. The company had 8,000 employees and sales of $16.00 billion.
1943
Acquires Spring Creek Ranch in Kansas Flint Hills
In 1943, Koch Industries acquired Spring Creek Ranch in Kansas Flint Hills.
1946
Acquires Rock Island Oil & Refining Co. in Oklahoma
In 1946, Koch Industries acquired the Rock Island Oil & Refining Co. in Oklahoma.
1947
Fred Koch acquires Rock Island refinery
In 1947, Fred Koch purchased the Rock Island refinery in Oklahoma, adding to his growing portfolio in the oil sector and enhancing his business operations.
1948
Wood River builds products pipeline to Rockford, Ill.
In 1948, Wood River built a products pipeline to Rockford, Illinois.
1951
Adds Montana ranch
In 1951, Koch Industries added a ranch in Montana.
1952
Fred Koch wins $1.5 million settlement
In 1952, Fred Koch won a $1.5 million settlement after a series of lawsuits against him by major oil companies. This marked a significant legal victory for Koch.
1953
Adds Texas ranch
In 1953, Koch Industries added a ranch in Texas.
1958
Fred Koch helps found John Birch Society
In 1958, Fred Koch helped found the ultraconservative John Birch Society, reflecting his aversion to Soviet communism. The society became known for its warnings about the threat of communists to the United States.
1960
Koch Industries Financial Growth
Between 1960 and now, the value of the S&P 500 grew about 100-fold, while the value of Koch Industries grew more than 1,600-fold, showcasing Koch's financial strength and success.
1961
Charles Koch joins Koch Industries
Charles Koch, son of Fred C. Koch, joined Koch Industries in 1961. Under his leadership, the company grew to become the second-largest privately held company in North America.
1967
Charles Koch transforms Koch Industries
Charles Koch transformed the obscure Wichita oil company, Koch Industries, into a $110 billion colossus over the span of 50 years.
1968
Wood River Oil and Refining Company renamed Koch Industries
In 1968, Wood River Oil and Refining Company was renamed Koch Industries in honor of Fred Koch, the year after his death. This marked a significant milestone in the company's history.
1969
Acquisition of Majority Interest in Minnesota Refinery
In 1969, Koch Industries acquired majority interest in a Minnesota refinery previously owned by Great Northern Oil Co.
1970
David Koch Joins Koch Industries
In 1970, Charles Koch's brother, David Koch, joined the family firm. David started as a technical services manager and later became the president of Koch Engineering in 1979.
1971
David H. Koch Joins Koch Industries
In 1971, David H. Koch joined Koch Industries, becoming a significant figure within the company.
1979
Acquisition of Real Estate Portfolio from Chrysler
In 1979, Koch Industries acquired a real estate portfolio from Chrysler, expanding its assets.
1981
Acquisition of Refinery in Corpus Christi from Sun Oil
In 1981, Koch Industries acquired a refinery located in Corpus Christi from Sun Oil, enhancing its presence in the oil industry.
1983-06
Ownership Change in Koch Industries
In June 1983, after a legal and boardroom battle, Frederick R. Koch and William 'Bill' Koch were bought out, and Charles Koch and David Koch became majority owners of Koch Industries.
1986
Acquisition of Bigheart Pipe Line
Koch Industries acquired the Bigheart Pipe Line in Oklahoma in 1986, further strengthening its pipeline system.
1988
Construction of Texas Pipeline
In 1988, Koch Industries began constructing the Texas Pipeline, a refined product line connecting Corpus Christi to the San Antonio, Austin, and Dallas-Ft. Worth areas. The project was completed in May 1990.
1989
Purchase of Assets of John Zink Company
In 1989, Koch Industries purchased the assets of John Zink Company of Tulsa, a leading manufacturer of pollution control equipment for the petroleum and petrochemical industries.
1991
Acquisition of Scurlock Permian Assets
Koch Industries bought the Corpus Christi marine terminal, pipelines, and gathering systems of Scurlock Permian in 1991, enhancing its presence in the energy sector.
1992
Acquisition of United Gas Pipe Line
In 1992, Koch Industries acquired United Gas Pipe Line, which was later renamed Koch Gateway Pipeline. This purchase extended the company's pipeline system from Texas to Florida.
1993
Acquisition of Elf Asphalt
In 1993, Koch Industries acquired Elf Asphalt.
1994-10
Oil Spill in Gum Hollow Creek
In October 1994, a pipeline broke and discharged over 90,000 gallons of crude oil into Gum Hollow Creek in Refugio County, Texas, leading to contamination of Nueces River and Corpus Christi Bays.
1995
Acquisition of Kerr-McGee Refinery in Corpus Christi
In 1995, Koch Industries acquired the Kerr-McGee refinery located in Corpus Christi.
1996
LPG Pipeline Rupture in Lively, Texas
In 1996, an 8-inch-diameter steel LPG pipeline operated by Koch Pipeline Company ruptured near Lively, Texas, resulting in a gas leak that caused a fatal explosion when ignited by a vapor cloud.
1997
Funding Climate Change Denial Groups
Since 1997, the Koch Brothers have reportedly funneled over $100 million to various groups denying climate change science, contributing significantly to the climate change denial movement.
1998
Koch Industries acquires Purina Mills
In 1998, Koch Industries purchased Purina Mills, the leading producer of animal feed in the United States. However, due to sluggish energy and livestock prices, Koch had to downsize its operations in the following years.
1999
Negligence Ruling and Compensation for Koch Pipeline Rupture
In 1999, a Texas jury found Koch Pipeline Company negligent in a pipeline rupture incident and awarded the victims' families $296 million in compensation.
2000-09
Indictment for Clean Air Act Violations
In September 2000, Koch Industries and employees faced a 97-count indictment for alleged Clean Air Act violations and benzene emissions from a plant in Corpus Christi, Texas.
2000-12
Settlement for Pollution-Control Equipment
In December 2000, Koch Petroleum settled with the Justice Department and EPA by agreeing to invest $80 million in pollution-control equipment at refineries in Texas and Minnesota.
2001-09
Acquisition of KoSa
In September 2001, Koch Industries acquired KoSa, the largest producer of polyester in the world.
2002
Formation of Entergy-Koch LP
In 2002, Koch Industries formed Entergy-Koch LP in collaboration with Entergy Corp. to engage in the delivery, trade, and marketing of natural gas, power, and other energy-related commodities and risk management products.
2003-06
Violation Settlement with Flint Hills Resources
In June 2003, Flint Hills Resources settled for improper exporting of crude petroleum from the US to Canada, facing 40 violations and a civil penalty of $200,000.
2004-05
Koch purchases two pulp mills from Georgia-Pacific
In May 2004, Koch acquired two pulp mills from Georgia-Pacific and invested $100 million in the business, now known as Koch Cellulose. The company plans to further invest up to $200 million in the mills.
2005
Koch acquisition of Georgia-Pacific Corporation
In 2005, Koch Industries paid over $13 billion to acquire the Georgia-Pacific Corporation, a major manufacturer and distributor of tissue, pulp, paper, and other products.
2006
EPA Fine for Flint Hills Resources Refinery
In 2006, a Flint Hills Resources refinery in North Pole, Alaska, was fined $16,000 by the EPA for multiple violations and was required to invest $60,000 in safety equipment.
2008
Contribution to Fraser Institute
A Canadian subsidiary of Koch Industries contributed to the Fraser Institute, a conservative Canadian public policy think tank, prior to 2008.
2010-03-30
Koch Industries Secretly Funding the Climate Denial Machine
Koch Industries, a major private corporation, was revealed to be secretly funding the climate denial movement in 2010.
2011-04-14
Koch Industries Still Fueling Climate Denial 2011 Update
In 2011, Koch Industries was highlighted for its continued involvement in fueling climate denial despite public awareness.
2011-12-08
Toxic Koch: Poison Gas Disaster Risk
Concerns raised about keeping Americans at risk of a poison gas disaster related to Koch Industries.
2012
Koch acquisition of stake in Guardian Industries
In late 2012, Koch Industries spent $1.2 billion to acquire a 44% stake in Guardian Industries, a glass manufacturer with 18,000 employees. The connection to Koch was facilitated by Guardian board member Byron Trott of Goldman Sachs.
2013
Koch Energy Solutions acquires Odessa Power Plant
In 2013, Koch Energy Solutions purchased Odessa Power, a 1,055 megawatt combined cycle gas power plant located in Texas.
2014-08
Mergers and acquisitions in Koch Industries
In August 2014, Koch Industries was involved in various mergers and acquisitions as highlighted in the report 'Koch Industries: At A Glance'. The document provided insights into the company's strategic moves in the business landscape.
2014-09
Acquisition of Flint Group
In September 2014, Koch Industries, along with the private equity arm of Goldman Sachs, acquired Flint Group, a printing ink producer, for $3 billion.
2014-12
Acquisition of Oplink Communications
In December 2014, Koch Industries acquired Oplink Communications, an optical networking device maker, for $445 million.
2015-08-04
Interview with Charles Koch on Politics and Climate Change
Charles Koch was interviewed about the 2016 race, climate change, and his influence on August 4, 2015.
2016-04-12
Climate Change Statement by a Koch Brother
A Koch brother's statement on climate change was linked to the changing climate, as reported on April 12, 2016.
2016-06-21
Koch Brothers Funding Front Groups Defending Exxon
The Koch Brothers provided funding to front groups defending Exxon in an ad on June 21, 2016.
2017-11
Establishment of Koch Disruptive Technologies
In November 2017, Koch Disruptive Technologies, the corporation's venture arm, was established, led by Chase Koch.
2019-08-13
Koch Docs Online Archive Launch
Koch Docs, a new online archive, provides primary source documents related to Charles Koch, Koch Industries, and their political agenda.
2019-08-15
Release of 'Kochland: The Secret History of Koch Industries and Corporate Power in America'
The book 'Kochland' by Christopher Leonard was released, detailing the history of Koch Industries and the influence of the Koch brothers in American politics and business.
2019-08-23
Death of David Koch
David Koch, one of the major owners of Koch Industries, passed away on August 23, 2019.
2019-09-04
Charles Koch's Relationship with ALEC
Documents from the KochDocs archive reveal key facts about Charles Koch's relationship with ALEC.
2020-06-24
Minnesota Attorney General lawsuit against API and Koch Industries
On June 24, 2020, API and Koch Industries were sued by the Minnesota Attorney General's office for allegedly misleading consumers about climate change.
2021-12
Sale of ranch in Montana
In December 2021, Rupert Murdoch and Jerry Hall acquired a ranch in Montana from Matador Cattle Company, a subsidiary of Koch Industries, for $200 million.
2023-03
Leadership restructuring at Koch Industries
In March 2023, Koch Industries announced a leadership restructuring with Charles Koch remaining chairman and co-CEO alongside Dave Robertson.
End of the Timeline
Koch Industries

Information

Koch Industries

American multinational conglomerate corporation
Last Updated:

Event

Last Updated: