An Abridge Report Of Iscar Across The Years

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

Iscar's state of the art facility uses complex and completely automatic CNC milling & turning machines to devise tooling round the clock. The configuration of the buildings allows for flexibility in the manufacturing process. In a matter of hours a separate product can be placed into production. Automation has been a critical point to the achievements of Iscar. The plant uses pick & place robots as well as Automatic Guided Vehicles that are remote controlled by a central production computer, products are moved about the plant in this method.

Iscar strives to be a leader in the cutting tool business. Every year Iscar uses about 10% of it's total assets to research and development. Iscar feels that deviation is a way of existence. Every day new innovations are made by all levels of employees. Research and development isn't reserved to simply tooling. Iscar is regularly looking for completely new, more suitable and expanded cost effective ways of creating things. These innovations have allowed Iscar to become one of the fastest developing companies in the business. The successes of Iscar swivel on these innovations. They strive to build the most proficient metal cutting technologies in the globe. Piloting the way is their hard working employees who fabricate more efficient, operative and economical products.

In 2006 Iscar turned a brand new page. Berkshire Hathaway, an remarkably large holding firm, headed by Warren Buffett bought an 80% share of the IMC group, Iscar being it's largest member. Iscar is the first manufacturer from outside the US that Berkshire Hathaway has acquired.

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