Month: January 2024

Our company has been recognized for our leadership and strong performance powering the work we do for patients and everyone who depends on us. We were named No. 10 on The Wall Street Journal’s list of the 250 best-managed publicly traded U.S. companies in 2023, advancing 78 places from the previous year.

“This recognition reaffirms our strategic focus, innovation, hard work and collective, unwavering commitment to our purpose of saving and improving lives each and every day.”

— Rob Davis 
Chairman and chief executive officer

“To make the list of The Wall Street Journal’s 250 best-managed companies is quite an honor,” Davis said, “and to be ranked in the top 10 is especially exciting and humbling.”

This year, nearly 800 companies were scored. Placement on the list is determined by a company’s strength in five components:

Customer satisfactionEmployee engagement and developmentInnovationSocial responsibilityFinancial strength

We placed first in customer satisfaction and were one of seven companies to score in the top 20% in each of the five components.

“Customer satisfaction is directly tied to the innovation we bring and the benefit we can deliver for patients,” Davis told The Wall Street Journal.

Top ranking for corporate citizenship

In addition to our Wall Street Journal recognition, we’re deeply honored to be ranked No. 1 on Newsweek’s 2024 list of America’s Most Responsible Companies. This marks our first time in the lead spot, a distinction that affirms our steadfast commitment to operating responsibly and doing good for people and the planet.

Learn more about Merck’s sustainability strategy: https://www.merck.com/company-overview/sustainability/

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Koch Minerals & Trading (KM&T) recently participated in a $700 million debt and equity financing round for Hybar, a newly formed company that plans to build, start up and operate a technologically advanced and energy-efficient scrap metal recycling steel rebar mill in Arkansas.

KM&T joined TPG Rise Climate and Global Principal Partners in the investment, $470 million of which will be spent to build the mill, with the remainder used to start up and operate it, build a solar power plant and port facility, and pay certain debt service costs during construction.

BY THE NUMBERS:

The mill is expected to take 22 months to build on a 1,300-acre site with direct access to barge, rail, and truck transportation options.Hybar plans to produce 630,000 tons of rebar annually with approximately 154 employees, or 4,090 tons per employee.

WHY KOCH INVESTED: “We’re excited to support Hybar in bringing this transformational scrap metal recycling facility to market,” said Vance Holtzman, senior vice president of KM&T Investments. “Moving forward, we see this as a mutually beneficial partnership, matching KM&T’s capabilities with the Hybar and TPG teams’ proven track record in developing innovative projects that meet market needs.”

The partnership with Hybar follows a successful investment in Big River Steel, which was subsequently fully acquired by U.S. Steel.KM&T subsidiary Koch Metallics will provide metallics procurement services to Hybar and risk management services to Hybar customers.

WHAT THEY’RE SAYING: “We’re proud to have the backing of Koch Minerals & Trading as part of a group of investors that see the potential promise of our innovative scrap metal recycling steel rebar technology,” said Hybar CEO Dave Stickler.

GO DEEPER: Read more about Koch Minerals & Trading.