Two recent Wichita Eagle articles profiled Wichita-based Koch Industries and its recent growth.
In Wichita, Koch employs about 2,300 workers, and about 50,000 across the U.S. in nearly all the states. When standard economic multipliers are used, these Koch jobs support about 203,000 total jobs.
While Koch’s headquarters are in Wichita, Kansas ranks seventh among the states in the number of Koch employees, with Georgia, Texas, Arkansas, Wisconsin, Alabama, and South Carolina having more Koch employees.
Of note in the article Koch cautious in acquiring other businesses:
- Koch has been cautious in its acquisitions, looking for acquisitions that provide a “long-term, sustainable advantage.”
- A fit with Koch’s culture is necessary. That culture is described in Charles Koch’s 2007 book The Science of Success: How Market-Based Management Built the World’s Largest Private Company. More information on this book, including excerpts, is available at The Science of Success.
- Besides the costs of acquisition, Koch has spent $10 billion on capital improvements since 2003.
- Nationwide Koch has 1,500 job openings, including need for workers in accounting, finance, and information technology in Wichita.
A report created by Harrah Analytics of Koch’s economic impact in the U.S. is available at Koch Companies Creating Jobs Nationwide.
The second article, Fertilizer helps Koch grow describes a Koch anhydrous ammonia plant near Enid, Oklahoma. This plant produces 3,000 tons per day, described as 10 percent of the country’s production. The article describes Koch’s efforts to comply with emissions regulations.
Also, the article describes how a partially Koch-owned plant in Venezuela was seized by Hugo Chavez as that country moved away from a market economy to a socialized economy.