Briarcliff Manor, NY, Jan. 21--CPI Consulting Associates, Inc. announced today that it has published a detailed report on Koch Industries' global chemical operations as part of its Chemical Industry Analysis (CIA) Program, Third Edition. The 150-page report includes a detailed company analysis examining strategic directions, financial overviews, business operations/positions, manufacturing site descriptions and product material balances for Koch and its subsidiaries and joint ventures involved in the chemical industry including KoSa, as well as global overviews and analyses of key products and business areas pertinent to Koch's operations.
The predecessor firm to Koch Industries began in Kansas in 1940. The company itself began as a privately held enterprise and is still privately held today. It grew through acquisition of refineries in the Minneapolis, MN and Corpus Christi, TX areas starting in the late 1960s and continuing through the 1980s and 1990s. Chemicals operations at the Corpus Christi facility became the core of the company's chemical business.
In 1999, a joint venture between Koch and IMASAB of Mexico acquired most of the polyester assets of Hoechst Celanese. This business, KoSa, became a wholly owned Koch subsidiary in 2002 and will be greatly expanded through the acquisition of DuPont's Invista textile fiber business by mid-2004. The combined operations will easily become the world's largest fiber and fiber intermediates business, well integrated upstream into aromatics and derivative chemicals. Simultaneously, Koch has been building a major nitrogen fertilizer business. Most recently, the company acquired four fertilizer complexes in the United States and half interest in a complex in Trinidad from Farmland Industries, adding to its existing position in both the USA and Venezuela.
The Chemical Industry Analysis Program is an on-going multiple subscriber service aimed at analyzing the structure, dynamics, competition and strategic issues of global and regional chemical industry participants. The Third Edition of the CIA Program analyzes the manufacturing operations, business operations/positions, and global overviews/analyses of key products and business areas for 60 chemical producers in three phases.
