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Growth and Innovation at Georgia-Pacific Discovery OCTOBER 2 013 THE QUARTERLY NEWSLETTER OF KOCH INDUSTRIES Growth and innovation at Georgia-Pacific All across Koch Industries, two words million tons of recycled fiber to custom- lose mill and the largest airlaid nonwo- are often repeated these days: growth ers last year — most of which ended vens machine. and innovation. up in tissues, towels, napkins and boxes. The three Buckeye facilities that pro- Charles Koch made a point of mention- As of July 26, the company is now duce specialty fibers have become part ing them in his Founder’s Day video and involved in plastics recycling processing, of GP Cellulose. Groundbreaking speech, and both are thanks to the acquisition of a Tennessee The two specialty nonwovens facilities, emphasized in Koch Industries’ updated facility from The Highlands Group, Inc. as well as the nonwovens sales, busi- Vision (see page 3). Marc Forman, president of GP Harmon ness and R&D teams from Buckeye, Three recent acquisitions by Georgia- Recycling, says this acquisition will are combining with GP’s existing airlaid Pacific reflect the importance of growth dramatically expand the company’s group to create a new nonwovens busi- and innovation in GP’s plans for the future. involvement in non- ness as part of fiber recyclables. “Buckeye Technologies will GP’s Consumer Temple-Inland Products Group. “Now we can take strengthen our innovation On July 19, GP completed its much- the various polymers Charles Koch fre- anticipated acquisition of Temple-Inland used in milk jugs, efforts.” — Charles Koch quently mentions assets from International Paper, which detergent bottles or innovation as an had purchased the company in 2012. bottle caps and separate them efficiently important reason for this acquisition. The transaction included 15 sites in so they can be converted into high-grade “Companies like Buckeye will strength- eight states and involved more than raw materials.” en our innovation efforts. That’s terrific, 1,800 employees — working mostly Buckeye Technologies because that’s the future. We can’t suc- in the southeastern United States. ceed for long if we don’t innovate.” GP’s latest acquisition, in August, was Temple-Inland is known for making Putting it all together high-quality building materials, such Buckeye Technologies, based in Mem- as particleboard, gypsum products phis, Tenn. It produces specialty fibers Jim Hannan, GP’s president and CEO, and lumber. and nonwoven materials. sees these businesses as important parts Buckeye is the only company in the of a much bigger picture. “This is a long-term investment that world capable of making specialty cellu- fits in very well with our existing opera- “It’s a wonderful thing to grow and lose products (such as the fibers used in tions,” said Mark Luetters, GP’s execu- succeed,” Hannan said, “and these three LCD screens and oil filters) from both acquisitions — made in a span of just tive vice president – building products. wood and cotton cellulose. six weeks — will help us do both. “It’s also a strong indicator of our long- The company’s nonwoven materials are “But the real challenge is to make sure term confidence that the building products used in a variety of hygiene and personal we keep innovating and creating even market will rebound from the recessionary care products, cleaning supplies, baby more value for our customers. lows we have seen in recent years.” wipes, towels and tissues. “If we’re not helping people improve The Highlands Group Five manufacturing facilities — four in their lives and making the world a GP Harmon Recycling is one of the the U.S. and one in Germany — were better place,” Hannan said, “we’re largest recyclable commodities traders in part of the transaction. Buckeye’s assets not doing our job.” the world. It supplied more than seven include the world’s largest cotton cellu- www.gp.com this issue… Thank you, Koch pg 2 Koch Industries’ new Vision statement pg 3 Nylon’s 75th anniversary pg 9 Perspective: Affordable Care Act pg 10 Postal Pipeline Thank you so much for your offer to Thank you for including me on the mail- allow me to bring our Youth Leadership ing list for Discovery, which I am happy Conference group to the INVISTA Vic- to receive. toria Wetlands. You have made a lasting The news of Koch’s new building impression on these students. brought back memories of when I was The Wetlands are blessed to have such a interviewed in December 1948 for a great leader as Jon Snyder. He not only position in the administrative offices of has such an interest in our environment, Wood River Oil & Refining Co., Inc. but in teaching our young people about There were about 50 employees at the environment in which they live. that time in the corporate offices — It was also a great honor to have your a far cry from the 3,000 employees plant manager, Paul Hughes, visit with in Wichita today. our students. Having managers tell stories Oct. 4 – David H. Koch attended the dedication of I am privileged and proud to have par- of how they got started in their profes- ticipated in the growth of this phenom- a 14,000-square-foot childcare center at MIT named sion is always interesting to the students. in his honor. He was lead donor for the project, enal corporation for 36 years, retiring contributing $20 million. Lanell Mantey in 1985. Executive director Kenneth D. Rupe Thank you for supporting the History Victoria Business and Education Coalition Victoria, Texas Wichita, Kan. Buffs of Southeast High School. The field trip to the Eisenhower Presiden- tial Library in Abilene was a true highlight of the year for many students. Our guest speakers were outstanding. We hope you continue to support history clubs around the area. Kathy Saar U.S. history teacher Wichita Southeast High School Wichita, Kan. This hand-drawn card from several youngsters On behalf of the American Quarter nate our activities and select the proper thanked Koch Industries for its support of the 2013 Horse Foundation, we would like to horses for our guests. Water Wise program (a series of water safety thank you for giving us the opportunity We could not be more pleased with classes at Wichita’s Downtown YMCA). to enjoy the Legends of the American how everyone was matched with their To “like” and follow Koch companies and leaders – Quarter Horse Trail Ride at the Mata- mounts and received many compli- dor Ranch. including Georgia-Pacific, INVISTA, Flint Hills Resources, ments from our guests on the quality Matador Ranch, Koch Pipeline and Charles and David Our time at the ranch couldn’t have of the horses provided. Koch – visit Koch Industries’ Facebook and Twitter pages. been more perfect, but none of it would Your team illustrated exactly why the have been as enjoyable (or even pos- Matador Ranch was selected as the 2013 Letters and other submissions become the property of Koch sible) without the incredible staff of Best of the Remuda Award recipient. Industries, Inc., and may be reproduced in whole or in part, the Matador. including your name, for any purpose and in any manner. Chris Sitz Letters may be edited for length or clarity. We realize it was a big step to open the Senior director ranch to this event as it required a lot American Quarter Horse Foundation October 2013 | Volume 19 | Number 4 of planning and evaluation to coordi- Amarillo, Texas Discovery Editorial board Questions? Comments? Melissa Cohlmia Contact: Rod Learned Philip Ellender 316.828.6136 [email protected] Rich Fink Jeff Gentry Publication design Dale Gibbens Caleb Swank Greg Guest Amber Vogts Charles Koch Koch Creative Group Jim Mahoney www.kochind.com Dave Robertson © 2013 Koch Industries, Inc. Koch is an EOE. M/F/D/V 2 UNDERSTANDING AND APPLYING KOCH INDUSTRIES’ VISION by Charles Koch Included in this issue of Discovery is In its role as a North Star, the Vision is changes as we improve our understand- your copy of our new Vision statement. a compass to keep us going in the right ing of these principles. We have revised KII’s Vision to more direction, rather than a destination we In its role as a guide, the Vision should accurately reflect our actual practice and plan to reach. As such it is constant — continually change as the business what is needed to continue our success it never changes. environment and our capabilities and growth in the future. It embodies fundamental principles, change, and as we learn what we need Our Vision serves a dual role: as a such as the role of business in society to do to more effectively make progress North Star and as a guide to keep us and our Guiding Principles. This part on the journey. effectively moving in that direction. of our articulation of the Vision only It is always difficult to develop an effec- tive Vision for KII because, given the breadth and diversity of its businesses, its Vision must, of necessity, be very broad. At the same time, it must be specific enough to guide our actions and the respective visions of our businesses and capabilities. To help accomplish these twin objec- tives, the Koch Industries Vision now consists of four parts: our view of the role of business, what we need to do to fulfill that role and succeed, the specific capabilities we need to develop and apply, and the further benefits to society when we execute our Vision. I will try to explain each of these parts in enough detail to make them useful to each business and capability as they create their own visions, and to every employee, since it is im- portant that we all understand our philosophy and direction.
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