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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsKoch Industries continues doing business in Russia
Koch Industries, the conglomerate run by right-wing billionaire Charles Koch, has numerous ongoing business operations in Russia. Since Russia's invasion of Ukraine, Koch Industries has given no indications that those business operations have been suspended. On the contrary, the limited public comments made by Koch subsidiaries operating in Russia indicate that their business activities have continued.
Guardian Industries, for example, is a wholly-owned subsidiary of Koch Industries, acquired in 2017. Guardian, a manufacturer of industrial glass and other products, is based in Auburn Hills, Michigan but has production facilities around the world.
Guardian has two glass production plants that operate in Russia. One facility is in Ryazan, Russia, about 120 miles southeast of Moscow. The company added "a new jumbo laminated glass production line" to that facility in August 2021. Another facility is located in Rostov, Russia, near the border with Ukraine. The Rostov plant, which began operations about a decade ago, cost $220 million to build and produces "Guardians high-performance, energy-efficient ClimaGuard(R) (residential) and SunGuard(R) (commercial) glass products for construction of homes, offices, retail, health-care and other facilities." It is capable of producing "900 tons of glass per day."
"Guardian is bullish on Russia given the excellent growth at our first plant in Ryazan and the customers we have in the country. The timing is right for the region and for Guardian," the company said in 2011, shortly before the Rostov plant opened.
Read more: https://popular.info/p/koch-industries-continues-doing-business
OnDoutside
(19,954 posts)SheltieLover
(57,073 posts)niyad
(113,274 posts)Farmer-Rick
(10,160 posts)They are our American oligarchy. They will do what they want, when they want to do it. Just try and stop them. Murdoch is the same way.
Besides, they got their inheritance from a father who did business with Hitler and Stalin. So they see no problem with working with America's enemies. It kind of runs in the family.
LastDemocratInSC
(3,647 posts)That family was also deeply involved in the creation of the John Birch Society long ago.
crickets
(25,963 posts)doc03
(35,325 posts)lagomorph777
(30,613 posts)TheBlackAdder
(28,184 posts).
Predecessor companies
In 1925, Fred C. Koch joined MIT classmate Lewis E. Winkler at an engineering firm in Wichita, Kansas, which was renamed the Winkler-Koch Engineering Company. In 1927, they developed a more efficient thermal cracking process for turning crude oil into gasoline. This process threatened the competitive advantage of established oil companies, which sued for patent infringement.[20] Temporarily forced out of business in the United States, they turned to other markets, including the Soviet Union, where Winkler-Koch built 15 cracking units between 1929 and 1932. During this time, Koch came to despise communism and Joseph Stalin's regime.[20][21] In his 1960 book, A Business Man Looks at Communism, Koch wrote that he found the USSR to be "a land of hunger, misery, and terror".[22] According to Charles Koch, "Virtually every engineer he worked with [there] was purged."[20]
https://en.wikipedia.org/wiki/Koch_Industries
Sounds like Koch started to change his tune as the The House Committee on Un-American Activities (HCUA) kicked in.
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BlueIdaho
(13,582 posts)Find ways to taking money away from them and their hearts and minds may follow.