Connecting with Molex - Koch Industries

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connectors for automotive airbag systems .... After college, I bounced around the country from Hartford ...... course fr
Discovery january 2014

THE QUARTERLY NEWSLETTER OF KOCH COMPANIES

Connecting with Molex In a Dec. 9 email sent to employees worldwide, Charles Koch made it official: “I am pleased to announce that Molex is now a Koch company.” This acquisition, valued at $7.2 billion, was Koch Industries’ largest in eight years and second only to Georgia-Pacific. Headquartered in Lisle, Ill., Molex employs more than 36,000 people worldwide. All of its manufacturing plants are either ISO- or QS 9000-certified. Molex is famous for making connectors, such as those used in smart phones and automobiles. It also makes cable assemblies, antennas, sockets, printed circuits, lighting products and thousands of industrial items. In all, the company offers more than 100,000 products. Some — such as the connectors for automotive airbag systems or components used in medical monitoring devices — help save lives.

Technologies in 2012 and Germany’s “What we can bring to Molex is the benefit of Market-Based Management®, FCT Electronics Group in 2013. which will help it identify and capture “We’ve made it clear,” Robertson said, even more opportunities. We also have “that we are ready, willing and able to the advantages of private ownership, invest even more to help fuel Molex’s strong capital resources and a focus on growth and continued success.” long-term success.” The future Molex CEO Martin Slark believes that “combining the global strengths of Charles Koch has said he expects Molex Molex and Koch will create an exciting will bring Koch Industries the benefits of “rapid innovation, enhanced customer future for all of our stakeholders.” focus and value creation. Innovation “We’re particularly interested in leveragDave Robertson, KII’s president and ing its ability to bring new products to market quickly and efficiently. We’ll chief operating officer, sees Molex as also benefit from its a “significant new broad knowledge platform for growth of communication and innovation.” technology.” That emphasis “At its core,” Robertson on innovation said, “Molex is a technolis already a core ogy company with enorcapability for Molex. mous electrical engineerThe company typiing capability. Given that cally spends 6 or 7 Vision This intricate Molex connector is not much many Koch companies percent of its annual “Acquisitions such as Molex are an esbigger than a grain of rice. apply sophisticated engirevenue on research sential step forward in fulfilling our new neering to nearly every product they make, and development — a total much Vision,” Charles Koch said. That Vision Molex is a great fit for us. higher than many of its industry peers. calls for an average annualized growth “Just as important is the fact that More than 1,500 Molex employees rate of 12 percent per year. Molex already shares much of our work in global research and develop“To achieve that goal,” Koch said, “we culture, including our principles. It’s ment labs devising new products, not only have to improve the value we that great combination of virtue and many of which become patented. It create for customers, but do so faster talent that has helped make Koch and better than our competitors. Molex, introduced 229 new products in 2012. Industries such a success, and will Like Koch Industries, Molex has also with its emphasis on the rapid develophelp Molex become an even greater grown through acquisitions, includment of new products, is an excellent success as a Koch company.” ing California-based Affinity Medical example of this. www.molex.com

this issue…

All about Koch 2013 Year in Review

pg 3 pg 5

3-D Printing in Poole Perspective: Charles Koch

pg 9 pg 12

Postal Pipeline When I was a young tool and die maker in the 1970s, I had the great opportunity to work for Molex at its primary tooling shop, located in Addison, Ill. Acquiring Molex was a fantastic portfolio diversification. We could not have picked a better company to spearhead into the critical/perishable electronic connection industry. Bravo! Let’s make Molex even better!

I recently acquired a 1948 Cessna 195 aircraft, which was originally purchased by the Rock Island Oil and Refining Company from a Wichita Cessna dealer. With Rock Island being one of the original Koch companies, I wonder if you can provide any details about this aircraft during the time it was operated by the company. I am particularly interested in any photographs showing the paint scheme and company logos on the aircraft. Kind regards and Merry Christmas.

Robert Szyka Manager, tool & die design Koch-Glitsch Wichita, Kan.

Michael Schreiner San Antonio, Texas Kudos for Koch – Minnesota Congressman John Kline was among the many elected officials who congratulated FHR for receiving Dakota County’s 2013 Business Excellence Award. “Flint Hills Resources has provided an excellent example to area businesses. Thank you for being a leader in your field.”

Molex has manufacturing sites in 17 countries.

Back in the 1950s our family would have supper promptly at 6:00 p.m. One such evening, the subject of the Koch family came up. My dad said: “We should be proud that there are people concerned enough about our government that they would spend their time, money and efforts to improve our life.” After college, I bounced around the country from Hartford, Conn., to Tulsa, Okla. Whenever introduced, I would try to explain that Wichita was home to Coleman, White Castle, Cessna, Beech, Pizza Hut, Lear Jet and Koch. When businessmen asked me if I knew

FHR received a similar congratulatory letter from William H. Droste, mayor of Rosemount, Minn.

how large Koch was, I’d say: “No, but Mr. Koch sure has a fine family. Fred is an astute business owner.” In the years since, whenever I have needed help for a school district construction problem or a Chamber of Commerce event or anything that helped others, it was Koch employees who would step forward to help. Think of all the hours and money that they spend in their own communities, on their own time. Koch employees are the backbone of their communities and the company.

April 28 - May 1, 2014

2014 KII EH&S Excellence Conference - Atlanta, Ga.

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Given that Wichita is the Air Capital of the World (more general aviation aircraft have been made here than anywhere else on Earth), Koch’s aviation department has often flown locally made planes. The first was a Beechcraft D-18S purchased in late 1946. Fred Koch was acquainted with many of the founders of Wichita’s great aviation companies, including Walter Beech, Clyde Cessna, Bill Lear and Lloyd Stearman.

Don Ingle Made in Wichita – Charles, Mary and Fred Koch Independent insurance agent (ret.) standing in front of a Beechcraft airplane owned by Wichita, Kan. Wood River Oil & Refining Co., Inc. — the predecessor of Koch Industries. To “like” and follow Koch companies and leaders — including Georgia-Pacific, INVISTA, Flint Hills Resources, Matador Ranch, Koch Pipeline and Charles Koch — visit Koch Industries’ Facebook page.

SAVE THE DATE

Your Cessna 195 was one of two purchased by Rock Island in 1948 for pipeline patrol and short flights with three passengers or less. It was often based in Duncan, Okla. Unfortunately, we do not have any color photos of the plane from that era.

Letters and other submissions become the property of Koch Industries, Inc., and may be reproduced in whole or in part, including your name, for any purpose and in any manner. Letters may be edited for length or clarity.

Discovery Editorial board Melissa Cohlmia Philip Ellender Rich Fink Jeff Gentry Greg Guest Charles Koch Steve Lombardo Jim Mahoney Walt Malone Dave Robertson

January 2014 | Volume 20 | Number 1 Questions? Comments? Email us at: [email protected] Publication design Amber Vogts Caleb Swank Koch Creative Group www.kochind.com

© 2014 Koch Industries, Inc. Koch is an EOE. M/F/D/V.

AT A GLANCE

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100,000 EMPLOYEES

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SINCE 2003, KOCH INDUSTRIES HAS INVESTED ABOUT $60 BILLION IN ACQUISITIONS AND OTHER CAPITAL EXPENDITURES

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KOCH INDUSTRIES HAS HISTORICALLY REINVESTED 90% OF EARNINGS BACK INTO ITS BUSINESSES

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$115 BILLION

ANNUAL REVENUE*

What is now Koch Industries, Inc. began as Wood River Oil and Refining Co. in 1940. Based in Wichita, Kansas, Koch Industries is one of the largest private companies in America.*

INDUSTRY AREAS refining, chemicals & biofuels forest & consumer products fertilizers polymers & fibers process & pollution control equipment & technologies electronic components commodity trading minerals energy ranching glass investments

*According to Forbes.

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Flint Hills Resources Produces and markets transportation fuels, biofuels, lube oil, asphalt and chemicals; holds equity investments in bioenergy companies. Koch Pipeline Company Operates more than 4,000 miles of pipelines that transport crude oil, refined petroleum products, ethanol, natural gas liquids and chemicals. Georgia-Pacific Manufactures and markets building products, consumer products, packaging, paper, cellulose and chemicals. Brands include Quilted Northern®, Angel Soft®, Brawny®, enMotion®, Sparkle®, Mardi Gras® and Vanity Fair®, as well as the Dixie® brand of cups, plates and cutlery, Plytanium® plywood, and DensGlass® sheathing. Koch Ag & Energy Solutions The fertilizer group produces, markets and distributes more than 13 million tons of fertilizer products annually, including AGROTAIN® stabilizer, and SUPERU™ and NEXEN® fertilizers. The energy services group markets and supplies natural gas, and owns and operates a natural gas-fired, combined-cycle electric power generation facility in Odessa, Texas. INVISTA Manufactures chemical intermediates, polymers and fibers, and develops technologies used in clothing, carpet, car parts and other everyday products. Brands include LYCRA®, COOLMAX®, CORDURA®, STAINMASTER® and ANTRON®. Koch Chemical Technology Group Designs, manufactures, sells, installs and services process and pollution control equipment, and provides engineering services for industries and municipalities worldwide. Subsidiaries include Koch-Glitsch, John Zink Hamworthy Combustion, Koch Heat Transfer, Koch Membrane Systems, Koch Knight and Optimized Process Designs. Molex Incorporated Manufactures electronic, electrical and fiber optic interconnection systems, offering about 100,000 products to a number of markets, including mobile devices, infotech, consumer electronics, automotive, telecommunications, industrial, medical, military and aerospace. Koch Supply & Trading Trades commodities globally.

Koch Minerals Provides dry-bulk commodity handling, marketing and trading; conducts oil and gas exploration and production, and provides oilfield services. Subsidiaries include Koch Carbon, The C. Reiss Coal Company, Koch Exploration Company and KMP Holdings. The Matador Cattle Company Operates three ranches: Beaverhead in Montana, Matador in Texas and Spring Creek in Kansas.

Partial List of Acquisitions by Koch Companies INVISTA North Pole Refinery Puron GP Pulp & Paper CNC BP Specialty Chemicals assets

2003

2004

50% stake in Excel Paralubes Farmland Industries fertilizer assets

2005

2006

First of six ethanol plants Huntsman Corporation olefins and polymers Coen Company Five International Paper facilities

2007

Simplot Canada assets Georgia-Pacific

©2014 Koch Industries, Inc. All rights reserved.

2008

2009

Grant Forest Products assets Parsons & Whittemore Alabama mill assets

2010

2011

Hamworthy Combustion Group

2012

Ashburn Hill Corporation Buckeye Technologies Molex Incorporated Temple-Inland Building Products assets Frac-Chem Odessa-Ector Power Partners

2013

44.4% stake in Guardian Industries

J&H Bunn Limited Agrotain International assets

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01 14

01 15

Koch Fertilizer announces plans to build and operate a new storage and handling facility for NEXEN® fertilizer in Rouen, France.

The John Zink Institute in Tulsa, Okla., announces it has earned accreditation from ACCET.

JANUARY 01 17 Koch Pipeline Company announces that its employees set a safety record by working more than 11 years (8 million man-hours) without a lost-time incident.

01 17 INVISTA starts up its new nylon salt facility in Rozenberg, the Netherlands.

02 14

02 15

Tourists visiting the observation deck of the Empire State Building enjoy the view through newly installed, specialized glass made by Guardian Industries.

A subsidiary of Koch Minerals acquires the assets of Frac-Chem, an oilfield supply company.

Photo courtesy of Kilroy Glass and Metal

FEBRUARY

02 22 Georgia-Pacific’s Brawny® paper towel brand earns a MAX Award (marketing award for excellence) for supporting the Wounded Warriors Project.

03 07

03 22

Three new members are elected to Koch Industries’ board of directors: Jim Hannan, Chase Koch and Brad Razook.

GP announces plans to invest as much as $400 million in improvements for its plywood and lumber operations.

03 25

MARCH

INVISTA acquires the maker of TECGEN® flame-resistant apparel.

04 16

APRIL

Flint Hills Resources donates $75,000 to Ducks Unlimited to help protect wildlife habitat. FHR has supported that organization for 28 years.

04 01

04 10

Koch announces it has made a $240 million equity investment in American Greetings Corp.

GP celebrates the opening of an OSB plant in Clarendon County, S.C., creating 130 new jobs.

05 03

05 15

Matador Ranch earns the highest honor in ranching from the American Quarter Horse Association: the Best Remuda Award.

Koch Nitrogen announces plans worth $1 billion to expand production and build a new urea plant at its Enid, Okla., facility.

2013

05 21 Five Koch companies receive the annual Union Pacific Railroad Pinnacle Award for chemical transportation safety.

05 23

MAY

Flint Hills Resources announces it has formed Duonix, LLC, a joint venture with Benefuel to build biodiesel refineries.

06 04 Construction to move 37th Street north of Koch’s Wichita campus begins − the first step in the threeyear campus expansion project.

JUNE

06 24 Koch Fertilizer establishes scholarship programs at Southeast Community College and Northern Oklahoma College in Enid, Okla.

06 21 Flint Hills Resources and Koch Nitrogen Company received the annual BNSF Railway Company Product Stewardship Award for the safe transportation of hazardous materials by rail.

07 19

07 20

Georgia-Pacific acquires Temple-Inland Building Products from International Paper.

INVISTA announces a $30,000 donation in support of the Emerging Technology Center at Victoria College in Texas.

07 23 INVISTA’s STAINMASTER® carpet wins the 2013 Women’s Choice Award® for “Best for Home” by WomenCertified, Inc.

JULY YEAR IN

REVIEW

08 01

08 19

GP Harmon Recycling acquires plastic recycling assets from The Highlands Group.

FHR’s Pine Bend Refinery is recertified as a MNSTAR site by the Minnesota Occupational Safety and Health Administration for the refinery’s efforts to prevent work-related illnesses and injuries.

08 23 GP closes on its acquisition of Buckeye Technologies, a producer of specialty fibers and nonwoven materials.

AUGUST 09 06 FHR acquires its sixth ethanol plant. This one, purchased from Platinum Ethanol in Arthur, is its fifth pant in Iowa.

09 23 INVISTA Apparel acquires a specialty polyester brand portfolio from Europe-based ADVANSA.

08 27 Employees at INVISTA’s Camden, S.C., plant celebrate working 1 million hours without an OSHA recordable injury − an industry milestone.

SEPTEMBER

10 01

10 08

Groundbreaking celebration for the new office building on Koch’s Wichita campus. When completed in 2015, it will be able to accommodate about 750 employees.

A Koch Energy Services subsidiary announces plans to acquire the owner of a natural gas, combined-cycle electric power plant in Odessa, Texas.

10 17 The Quivira Council of the Boy Scouts of America celebrates the opening of the Koch Scouting Center, partially funded by, and built on land donated by, KII.

OCTOBER

11 04

11 04

Georgia-Pacific wins the American Forestry Association’s Better Practices, Better Planet 2020 Sustainability Award for water use reduction at its Brunswick, Ga., cellulose mill.

INVISTA introduces its new STAINMASTER® PetProtect™ carpet and cushion systems, which resist the pet hair and “deposits” that are common in pet-loving households.

11 15

NOVEMBER

The Wildlife Habitat Council certifies INVISTA’s Waynesboro, Va., site, giving KII a total of 13 WHC certifications across 10 sites.

12 05

12 09

12 23

Koch Fertilizer announces it will change the name of its holding company to Koch Ag and Energy Solutions, effective in early 2014.

Koch completes the $7.2 billion acquisition of Molex Inc., a global electronic components company.

Koch Power Solutions, LLC acquires Odessa-Ector Power Partners, L.P.

DECEMBER

12 31 Koch Industries closes a record year, having earned 157 awards for safety, environmental excellence, community stewardship, innovation and customer service.

International News

Luxembourg – The U.S. Ambassador to Luxembourg visited the opening of the newest KBS office.

Cloche d’Or – Koch Business Solutions Europe has opened an office in Luxembourg to provide shared services for Koch companies in that region. A group of dignitaries, including the U.S. Ambassador to Luxembourg, Robert Mandell (second from left in the photo above), and Luxembourg’s minister of the economy, Etienne Schneider (center), visited the new headquarters shortly after it opened in September. The visitors were greeted by local employees and Koch ex-pats as well as KBS representatives from Wichita, including Richard Swan (left), president of KBS, and Dennis Flax (right), the company’s chief financial officer. As a shared service company, KBS can offer help with information technology, human resources, accounting and property management processes. Schneider welcomed the group’s expansion, noting that the office’s location reflected the “competitive business environment for international companies” offered in Luxembourg, including “efficient on-site facilities and the presence of highly-skilled labor.” “This office — as well as our KBS offices in Shanghai and Singapore — are part of a strategic experiment,” Swan said. “We are servicing our current Koch companies and, where appropriate, helping the integration of new companies that Koch may acquire. “We’re confident we can add value for Koch companies operating outside the U.S., just as we have for those in the U.S. Opening these offices gives us the chance to prove it.”

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England – The 2013 LYCRA® Future Designers Award-winner was Lucy Gardner (middle), shown with designer Stephen Jones and INVISTA’s Denise Sakuma.

Brian Padley, KBS-Europe director (second from right), said the Luxembourg office now has about 55 employees and may hire more depending on the future growth of Koch in the region. Office staff in Luxembourg will, at least for now, focus on providing indirect tax, accounting and HR services to Koch businesses in Europe. John Zink International, which has an office in Dudelange, is the Koch company with the largest presence in Luxembourg: 260 employees. Halfway across the world in Singapore and Shanghai, KBS shared services teams have approximately 45 IT, HR and accounting professionals to help service Koch locations throughout the Asia-Pacific region. Both of these Asian offices share space with other Koch companies, including INVISTA, Koch Chemical Technology Group, Koch Fertilizer, Koch Supply & Trading and Koch Industries.

London – Every aspiring fashion designer in the world probably wants the same thing: a big break — that special chance to be recognized for having the talent and imagination needed to succeed in a very competitive industry. For five years, INVISTA has helped make that dream come true by sponsoring the LYCRA® Future Designers Award, a competition that attracts entries from hundreds of young designers around the world. The 2013 finalists hailed from Brazil, China, the United Kingdom and the

One of Gardner’s winning fashion designs made with LYCRA® fiber.

United States. The judges included fashion photographer Rankin, Eric Jennings, fashion director for Saks Fifth Avenue, and Giles Deacon, a British designer. The winner, Lucy Gardner of the U.K., was announced Oct. 30 during the WGSN Global Fashion Awards ceremony at the Royal Albert Hall in London. Gardner received $20,000 worth of fabrics with LYCRA® fiber, consultancy services and the chance to work directly with mentors at INVISTA while developing a collection. “I am absolutely thrilled to win this prestigious prize,” Gardner said. “I can’t wait to see my designs come to life and to work with INVISTA in getting the collection in front of buyers, designers, stores and customers.” Each competitor was asked to submit designs for swimwear, sportswear, lingerie or hosiery that could be made using LYCRA® fiber. The judges were especially impressed with the functionality and appearance of Gardner’s designs for cycling attire. www.globalfashionawards.com

Poole – Most people don’t know threedimensional printing technology has been around since the 1980s, when it was called stereolithography. Traditional 3-D printers create objects by layering plastic resins in a way that conforms with a digital model. This is called an “additive” manufacturing technique. Chris Ivett, managing director for John Zink Hamworthy’s power and marine

Noteworthy

England – These burner tips and atomizers were made using 3-D printing technology.

China – This Molex plant produces more than 1 billion electronic components annually.

division in the U.K., contrasts this with the “subtractive” approach used in most tool shops. “Traditionally,” Ivett said, “we’ve made things by taking a piece of metal and then turning, drilling or milling it — grinding or drilling away what we don’t need.” With the recent development of 3-D processes that use lasers or electron beams to melt and fuse metallic components, a new world of manufacturing is now possible. “With this new technology, we can create atomizers or burner tips using tiny bits of stainless steel. There’s far less waste, much more accuracy and production takes less time.” Ivett said he believes 3-D technology has the potential to revolutionize many manufacturing processes. “We’re still in the experimental phase, but I think this could absolutely transform several aspects of our business. Better products will mean our customers can reduce combustion emissions even more. “If we’re successful with this experiment here in Poole,” Ivett said, “I expect that other Koch companies will express an interest in 3-D technology.”

plant located in Chengdu, China. The site’s capabilities include manufacturing, product design, R&D, sales and customer service.

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Those products make their way into automotive, consumer electronics, networking and telecom equipment. On Jan. 16, the plant dedicated its high-tech Global Tooling Center. This new facility will support Molex’s global operations with development and system designs for automation and robotic tools. In nearby South Korea, Molex just opened a new plant on the site of one of its old plants. The new plant makes products for smartphones and consumer goods as well as some automotive items. 回顾 值得关注 邮政传递 Charles Koch 认为,科氏工业集团令 非常感谢你们答应让我带领我们的 感谢你们将我列入《探索》通讯 人瞩目的成功和增长主要归功于以 青年领袖大会团队前往英威达的维 的收件人名单,我很高兴能够收 市场为基础的管理®(MBM®)的变革 多利亚湿地。你们给这些学生留下 到它。 性力量。 了深刻的印象。 那则关于科氏新办公大楼的消息让 Koch 说:“但是过往的表现并不能 有Jon Snyder这么能干的主管是湿地 我想起1948年12月去应聘Wood 保证我们未来一定取得成功。为继 的一大幸事。他不仅对我们的环境 River Oil & Refining Co., Inc 公司 续取得卓越的业绩,我们必须不断 有浓厚的兴趣,而且教导我们的年 行政部门一个职位的面试经历。 地改善我们对 MBM®的理解和运 1938年9月20日,20世纪最伟大创 自2004年加入科氏工业集团以 轻学生们致力了解自己生活的环 用。” 当时公司办事处约有50名员工,与 来,英威达已投入数亿美元资金 新之一——尼龙纤维获授予美国 境。 今天威奇塔的3,000名员工不可同 为帮助实现该目标,MBM 团队制作 用于持续开发和生产新的和更好 专利号2,130,948。 此外,我们非常荣幸有你们的工厂 日而语。 了一系列视频以提供与多家科氏公 的尼龙产品。 经理Paul Hughes和我们的学生们一 六个月后,人们在特拉华州 司相关的详细案例分析。 我于1985年退休,在我工作的36年 英威达目前是全球最大的尼龙 起去参观。让管理人员讲述他们最 Seaford开始兴建第一家商用尼龙 中能够参与这家伟大公司的辉煌增 该系列的首个视频讲述了乔治亚-太 6,6聚合物(尼龙的原始形态) 初开始工作的各种经历,确实最能 工厂。该厂于1939年12月开业, 科氏工业季度通讯 10月4日 — David H. Koch在麻省理工学院出席 2013 年 10 月 长,我感到非常荣幸和自豪。 平洋如何在其位于威斯康辛州的 以及己二腈和己二胺生产商,这 够引起学生们的兴趣。 为Seaford奠定了“世界尼龙之都” 以他名字命名的儿童护理中心的捐赠仪式, Green Bay Broadway 工厂运用 些材料是生产尼龙所需的主要化 Lanell Mantey Kenneth D. Rupe 的地位。 该中心面积14,000平方英尺。他捐款2,000万 MBM,以提高安全、生产力、产品 学成分。 执行总监 堪萨斯州威奇塔 美元,是该项目的主要捐赠者。 质量和领导力的表现。 尼龙的首个商业用途是作为牙刷 维多利亚商业及教育联会 感谢你们对东南部中学历史爱好者 尼龙最大的增长领域是工程塑料 上的刷毛,而在它取代丝绸作为 学会的支持。 MBM 也帮助乔治亚-太平洋北美消 德克萨斯州维多利亚 和树脂。由于汽车制造商不断设 生产丝袜的纤维材料之后,“尼 费品业务的未来转型,该业务曾不 司去年向客户供应超过7百万吨回 在科氏工业的所有公司里,有两个 Buckeye的三家生产特种纤维的 计出更具能源效益的汽车,这些 龙”一词开始在全世界变得家喻户 对于许多学生来说,前往Abilene参 断丧失市场份额。第二个视频记录 收纤维,其中大部分最终被制成卫 词语成为最近的热门话题:增长和 工厂已成为GP Cellulose公司的 高强度而轻质的产品将在汽车制 晓。 观艾森豪威尔总统图书馆的校外考 了转变过程。 生纸、纸手巾、餐巾和盒子。 一部分。Buckeye的两家特种无 创新。 造业扮演更重要的角色。但事实 察是今年最重要的事情。我们的主 纺工厂,以及无纺销售、业务和 尼龙丝袜最早于1940年推向商业 该系列的最新案例分析详细讲述了 上,英威达的产品早已出现在你 讲嘉宾非常优秀。 得益于从The Highlands Group, Inc Charles Koch在创始人纪念日视频 研发团队已与GP现有的气流成网 市场,很快便深受消费者欢迎, 英威达维多利亚工厂的一个团队在 公司收购的一家位于田纳西州的工 业务合并成立新的无纺业务,并 和动工仪式讲话中都有提到这两 许多零售店甚至出现抢购的场 我们希望你们能够继续为本地区的 研究了 FHR 的 Pine Bend 炼油厂如 厂,该公司目前(截至7月26日) 点,而在科氏工业集团的新愿景中 成为GP的消费产品业务部的一部 面。 历史学会提供支持。 何实际运用 MBM 后,利用分享的 也有着重强调(见本刊第3页)。 已开始从事塑料回收加工。 分。 Kathy Saar 知识改善其位于德克萨斯州的公用 尼龙很快成为生产渔线、医用缝 美国历史老师 乔治亚-太平洋(GP)最近进行的 GP Harmon 事业业务。 Charles Koch经 合线和轮胎帘布的标准用料。在 “Buckeye Technologies 威奇塔东南部中学 三项收购交易反映了增长和创新在 Recycling总裁Marc 上述三个视频均已录制成光盘或可 常提到,创新是 美国参加第二次世界大战之前, 堪萨斯州威奇塔 公司将增强我们的 Forman表示,该项 GP未来计划中的重要性。 浏览 http://mbm-prod.khc.local/ 进行该项交易的 尼龙6,6已被用于生产降落伞、帐 收购将大幅扩展该 default.aspx 观看。 重要原因。“像 篷帆布和绳索。 创新能力。” 我们谨代表美国夸特马基金会 Temple-Inland公司 公司的非纤维回收 协调我们的活动,以及为我们的 Buckeye这样的 多名年青人制作这张手绘卡片,为了答谢科氏 (American Quarter Horse - Charles Koch 品业务。 嘉宾选择合适的马匹。看到每个 后来开发的尼龙树脂可通过塑模 工业集团对2013 Water Wise项目(威奇塔市区 公司将增强我们的创新能力。这 7月19日,GP完成了从International Foundation)感谢你们为我们提供了 嘉宾都找到了最合适的马匹,而 YMCA举办的水安全系列课程)提供支持。 制成固件,用于生产由汽车到计 实在太棒了,因为这代表着未 Paper收购Temple-Inland公司资产 of 一个在Matador牧场享受Legends “现在我们可以将牛奶罐、清洁剂 且嘉宾们对所提供马匹的质量赞 算器的成千上万种产品。 来。如果不进行创新,我们就无 这一备受期待的交易,而 the American Quarter Horse Trail 瓶子或瓶盖中所用的各种聚合物进 不绝口,这让我们再高兴不过 今年,英威达推出超过 80 个新的 STAINMASTER®地毯 法取得长期成功。” International Paper公司此前于2012 Ride骑马活动的机会。 如果希望关注科氏公司及领导人的最新动态 行有效的分离,将它们转化为高级 不断创新 了。 款式,超过所有竞争对手。 ,包括乔治亚-太平洋、英威达、Flint Hills 年收购了该公司。 原材料。” 融为一体 我们在牧场度过了非常完美的时光 Resources、Matador 牧场、科氏管道与 你们团队的优秀表现正是Matador 虽然尼龙的原始专利已于1955年 ,但如果没有牧场那些优秀的员工 Charles 及 David Koch,请访问科氏工业集团 的汽车里面。采用英威达尼龙纤 该项交易包括位于八个州的15家工 Buckeye Technologies公司 牧场能够获得2013 Best of到期,但在随后的几十年里,人 the Hannan 在 Facebook 以及 Twitter 上的网页。 GP总裁兼首席行政官Jim 们,我们就不可能有那么愉快的体 维制成的安全气囊已接近十亿 厂,涉及超过1,800名员工——大 Remuda认为,这些业务是构成一幅宏伟 Award奖项的最好体现。 们不断对它进行进一步创新。 信件及其他递交内容的版权归科氏工业集团拥 验。 GP最近一项交易是于八月份收购 个。 部分工作地点位于美国东南部。 蓝图的重要部分。Hannan说: 有,其全部或部分内容(包括您的名字)可能 ® Chris Sitz ®和SUPPLEX 总部位于田纳西州孟菲尔斯的 CORDURA 面料、 我们知道本次活动在牧场举行,牧 会就任何目的和以任何方式进行复制。信件可 “取得增长和成功是美好的事 ® ® 此外,采用尼龙制成的产品还包 Temple-Inland以生产高品质建筑材 高级总监 Buckeye Technologies公司。该公 TACTEL 纤维和TORZEN 工程塑 能根据篇幅长度或清楚程度进行编辑。 场需要进行许多规划和评估工作以 . 括轮胎帘布、地毯、安全带、轮 料而闻名,如木屑板、石膏制品和 美国夸特马基金会 司主要生产特种纤维和无纺材料。 情,而这三项在短短六周时间里 料只是其中几个取得进一步突破 完成的收购,将帮助我们取得增 木材。 德克萨斯州 的例子。 Amarillo Buckeye是全球唯一一家能够使用 Discovery 2013 年 10 月盖、油盘和接线盒。 第 19 卷 第 4 期 长和成功。” “为了取得成功,你必须要 木材和棉花纤维素生产特种纤维素 尼龙已有75年的悠久历史,但它 GP 建筑材料业务执行副总裁 Mark 如有疑问或评论, Charles Koch在其著作(以及最近 《探索》编辑委员会 有成功的念头。你必须要有 产品(如LCD屏幕和滤油器所用的 请联系: Rod Learned “但是真正的挑战在于确保我们 在英威达的故事还在继往开来。 Luetters 说:“这是一项长期的投 的创始人纪念日视频)中将英威 +1.316.828.6136 Melissa Cohlmia 纤维)的公司。获胜的意愿。” 能够一直保持创新,并为我们的 [email protected] 资,它与我们现有的业务非常契 Philip Ellender 达作为不断创新的实例。 Rich Fink — Fred客户创造更多价值。” C. Koch 合,它也有力地表明我们对建筑材 该公司的无纺材料用于生产各种卫 版面设计 Jeff Gentry Caleb Swank Dale Gibbens 料市场的长期前景充满信心,并认 生和个人护理产品、清洁用品、婴 9 Amber Vogts Hannan说:“如果我们未能帮助 Greg Guest Koch Creative Group 为该市场将从近几年经济衰退期的 儿用揩巾、纸手巾和卫生纸。 Charles Koch 人们提高生活水平以及让世界变Jim Mahoney www.kochind.com 低位回升。” © 科氏工业集团 2013 年版权所有。 得更美好,我们就没有做好自己Dave Robertson 科氏工业是一家平等机会公司 M/F/D/V 该项交易包括五家生产厂,其中四 的工作。” The Highlands Group公司 家在美国,一家在德国。Buckeye 的资产包括全球最大的棉花纤维素 2 GP Harmon Recycling公司是全球最 www.gp.com 大的可回收商品交易商之一。该公 工厂和全球最大的气流成网无纺机 器。

探索

乔治亚-太平洋的增长和创新

本期导读…

感谢科氏 尼龙 75 周年

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科氏工业新愿景 观点: 可负担医疗法案(A C A)

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Discovery newsletter is now available in Chinese. For more information, contact [email protected].

Too True

真知灼言

Chengdu – Molex, the newest Koch company, operates 45 manufacturing sites in 17 countries. Having production sites in so many countries allows Molex to respond promptly to customer needs — a good example of the customer focus called for in Koch’s MBM® Guiding Principles. Its largest operation, totaling more than 1 million square feet of floor space, is a

Each year, Molex Chengdu produces more than 1 billion electronic components, including high-speed, highdensity products.

Heaven on Earth – the Rise and Fall of Socialism by Joshua Muravchik Muravchik is uniquely qualified to write this perceptive history of the evolution of socialism. His parents and grandparents were socialists and for five years he was the chairman of the Young People’s Socialist League. Today, he is a knowing and persuasive critic of those who try to use governmental power to coerce citizens into being “better people.” Beginning with the French Revolution, he traces the long, slow rise of socialism to what he considers its peak in 1990, and its rapid decline ever since. Unlike so many history books that only shovel facts at the reader, Muravchik brings his subject to life by focusing on the lives of its major figures. Marx and Engels, Lenin and Mussolini, Atlee and Blair, Gompers and Gorbachev are all discussed in vivid prose. This is an excellent history book for those who don’t think they like history. It is also a reminder that good intentions often pave the way to horrifying results.

“Pennies don’t fall from heaven. They have to be earned on Earth.” – Margaret Thatcher

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Looking Back History of Molex Molex, the newest Koch company, celebrated its 75th anniversary last year. The company got its name from a proprietary thermoplastic molding material developed by the company’s founder, Frederick Krehbiel. Frederick’s father, John Jacob Krehbiel, was a Mennonite born in Ohio who eventually settled in Newton, Kan., just north of Wichita. The elder Kriehbel owned a successful wagon-building business. The partnership which eventually became Frederick Krehbiel, the founder of Molex. Molex Products Company began operations in Brookfield, Ill., in 1938. It included Frederick and both his sons, Edwin and John, Sr. In those early years, Molex plastic was used to make flower pots, toys (such as submarines and pistols) and clock casings. In the early 1940s, John recognized the material’s excellent electrical insulating properties. Soon after, the company entered the appliance market with a molded terminal block for GE Hotpoint stoves. Molex also began stamping metal. Company sales at the time totaled less than $100,000.

Boom years When the first American computer designed for businesses (the roomsized UNIVAC I) debuted in 1951, its components included a dozen Molex interconnects. The company became the industry leader for supplying parts for electric appliances, such as refrigerators, and new products, including color TVs. Molex connectors were vital components of car radios because they were capable of withstanding constant vibration. During the 1950s, the company also became a leader in manufacturing

electric switches for vending machines, The pace of innovation only inbowling pin-setters and other pushcreased in the 1990s, when Molex button devices. developed components for mobile phones and the workhorse of most In the 1960s, Molex helped Whirlpool offices: the photocopier. figure out how to put an automatic Molex received an Emmy® It was a new generation of ice maker in a Molex interconAward for its leadership miniaturized home refrigeranects that made it possible tor and created in HDTV technology. to build the first portable the miniaturized camcorders that did not interconnects for transistor radios. need to be shoulder-supported. Most Americans watched the 1969 moon At Molex plants, fully automated aslanding on TV sets dependent on Molex sembly made modular assemblies and interconnects. pre-testing possible on a large scale. Global vision Products related to the Internet boom helped push sales revenues to $1 billion Molex was in business for nearly 30 years before it began pursuing opportu- by the year 2000. Sales for 2013 were nities outside the United States. estimated at $3.6 billion. In 1970, it became one of the first U.S.The future based companies to open a manufacToday, Molex is deeply involved in a turing plant in Japan. Two years later, wide variety of technologies that demand it entered the European market with a ever-better products that are developed plant in Ireland. at a remarkable rate. Today, Molex has manufacturing sites in Thanks to its emphasis on innovation, 17 countries. Many of its divisions are Molex has met that challenge and offers headquartered and managed overseas. its customers more than 100,000 prodGoing public ucts in three business categories: micro, commercial and integrated. In 1972, Molex became a publicly traded company and opened its new As a Koch company, it now has even corporate headquarters in Lisle, Ill. more resources for meeting, and exceeding The flurry of new technologies introthe demands of creative destruction. duced during that decade — including “The future for Molex looks very strong,” VCRs, fax machines, computer printers said Steve Feilmeier, chief financial ofand disk drives — provided a constant ficer for Koch Industries. challenge for Molex engineers. “A decade from now, we expect this By the end of the decade, international to be a significantly larger company.” sales had surpassed domestic sales for the first time.

www.history.molex.com

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Charles Koch Perspective Chairman and CEO, Koch Industries, Inc. The overriding focus of our corporate Vision is to “further benefit society by…helping people improve their lives.” Agreeing on the best way of achieving human well-being is a challenge that has been debated for centuries. Aristotle believed our general well-being was made possible by virtuous living, a point of view essentially shared by most of history’s philosophers, theologians, scholars and even poets. But a much different idea (see page 10) took hold at about the time of the French Revolution. This new idea held that it was possible to create heaven on earth, and that government intervention and control were the best ways to make this happen. For the next 200 years, those unfortunates who lived under collectivist control paid the price for this flawed vision. Their governments may have promised heaven, but they delivered hell. Revolutionary France and the former Soviet Union have something very much in common with today’s hyper-socialist Venezuela and communist North Korea: they make it impossible for the great majority of people to achieve what they say is necessary for them to be happy and satisfied with life. These components, or dimensions, include freedom, community and relationships, health and environment, living standards, opportunity, and peace and security.

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A better way

Leading by example

In many ways, our Vision for Koch Industries reflects the genius of America’s founders, who took a very different course from what was normal in Western Europe 240 years ago.

Our approach to promoting wellbeing has been to run our company in a proven, principled way that leads to true value creation.

As they saw it, the job of government was not to protect people from themselves or control their lives. It was to establish freedom, “We are caught in an so people inescapable network could live of mutuality.” their lives as they – Martin Luther King, Jr. thought best, reaping the rewards or suffering the negative consequences of their own actions. As Jefferson wrote in the Declaration of Independence, life, liberty and the pursuit of happiness are inalienable rights that we already have, not something a government can presume to give us. Thus, the founders did not propose a government to deliver or guarantee happiness (a hopeless cause, however well-intended), but one that would be limited enough to allow people to pursue happiness for themselves.

Measuring well-being The Charles Koch Institute recently established a Well-Being Initiative to foster more conversation about the true nature of well-being. Through sound research, broad education and robust discussion, the Initiative aims to advance understanding of what it means to flourish, how to understand and measure the various aspects of wellbeing, and how to empower individuals to live better lives. It is my hope that these robust measures will not only prompt conversation, but open new doors for research and form the core of the initiative’s efforts to improve the quality of life for all.

This approach benefits not only our customers, society and the company, but creates the potential for genuine fulfillment among employees. Our ultimate goal is to promote not only prosperity, but opportunity, self-help, self-worth and mutual support. This kind of principled approach has been shown to dramatically improve lives — especially for those who are disadvantaged. When Alexis de Tocqueville studied America in 1831, he found a “great goodwill” among its citizens, marked by a willingness to help each other. Back in Europe, this sort of mutual aid was rare. Instead, people tended to turn to the government for help rather than relying on themselves and each other. Tocqueville saw this as a much less effective way of helping those in need and enhancing well-being. That is why, in our personal lives, we should treat each other with dignity and respect. In business, we should provide products and services that make people’s lives better (rather than pursuing cronyism, which does the opposite). Our charitable work should help people help themselves (as well as aiding those who cannot). Our educational institutions should support a marketplace of ideas, not indoctrination. And in our political activities, we should support policies that enable people to improve their own lives. This kind of “great goodwill” is one I would think we can all support. www.charleskochinstitute.org/wellbeing