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The year 2010 saw the founding of Koch Methanol, LLC, and Koch Agronomic Services, LLC. In October 2010, a plant in which Koch had a 35% stake was nationalized by the Venezuelan government. [86] In 2011, the firm acquired the British fertilizer firm J&H Bunn Limited. Koch Fertilizer has changed its name to Koch Ag and Energy Solutions (KAES). [87]
OCI Global, the Dutch parent of Iowa Fertilizer Co., said Monday it sold 100% equity interest of the Wever plant to Koch Ag & Energy Solutions, a Koch Industries company, for $3.6 billion.
The Koch Industries subsidiary owns the 69-year-old facility, which provided more than a quarter of the tax base for Taylor County and supported nearly 2,000 jobs until it was shutdown Nov. 17.
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The company was given the trademarked name INVISTA and was then sold to privately owned Koch Industries on April 30, 2004 for US$4.2 billion. [ 3 ] [ 4 ] Koch Industries combined the newly acquired organization with their KoSa subsidiary to complete the INVISTA company.
The S&P 500 is a stock market index maintained by S&P Dow Jones Indices. It comprises 503 common stocks which are issued by 500 large-cap companies traded on the American stock exchanges (including the 30 companies that compose the Dow Jones Industrial Average). The index includes about 80 percent of the American market by capitalization.
Koch worked in his family's company. He and his eldest brother Frederick R. Koch had inherited Koch Industries stock. In 1980, after an unsuccessful attempt to take over the company from Charles, William was fired from the company. [5] In 1983 the stock netted them $800 million in a sale to their brothers, Charles and David. [6]
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