An Abridge Statement Of Iscar From Across The Ages

From humble beginnings Iscar is presently one of the world's leading manufacturers of cutting tools. Stef Wertheimer founded Iscar in 1952 in his garage. After several year and numerous expansions Iscar moved to it's current location in the Tefen Industrial Zone seated in Israel's Western Galilee. Since it's inception Iscar has elevated from a single market to having representation in over 50 countries world wide.

Iscar's state of the art facility utilizes advanced and completely automatic CNC milling and turning machines to create tooling around the clock. The configuration of the facility allows for flexibility in the manufacturing process. Within a matter of hours a dissimilar product can be put into production. Automation has been a key point to the success of Iscar. The plant uses pick and place robots as well as Automatic Guided Vehicles that are remote controlled by a central production computer, products are carried about the facility in this fashion.

Iscar strives to be a leader in the cutting tool industry. Every year Iscar uses about 10% of it's total capital to research and development. Iscar believes that deviation is a way of life. Every day new innovations are shaped by all levels of staff. Research and development isn't restrained to simply tooling. Iscar is constantly looking for revolutionary, more efficient and expanded cost effective ways of accomplishing things. These innovations have accorded Iscar to turn into one of the fastest growing companies in the industry. The successes of Iscar pivot on these innovations. They aim to conceive the most efficient metal cutting technologies in the globe. Leading the way is their hard working employees who establish more efficient, efficient and economical products.

In 2006 Iscar turned a new page. Berkshire Hathaway, an notably large holding corporation, headed by Warren Buffett purchased an 80% share of the IMC group, Iscar being it's largest part. Iscar is the first business from outside the US that Berkshire Hathaway has acquired.

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