A Short Account Of Iscar From Over The Years

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

Iscar's state of the art plant utilizes complex and fully automatic CNC milling & turning machines to devise tooling around the clock. The configuration of the facility allows for flexibility in the manufacturing procedure. 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 facility uses pick and place robots as well as Automatic Guided Vehicles that are remotely controlled by a central production computer, products are taken about the plant in this manner.

Iscar strives to be a leader in the cutting tool industry. Every year Iscar uses about 10% of it's total resources to research and development. Iscar feels that innovation is a way of living. Every day new changes are fashioned by all levels of employees. Research and development isn't restrained to just tooling. Iscar is constantly looking for different, more suitable and more cost effective ways of creating things. These innovations have permitted Iscar to emerge as one of the fastest growing companies in the industry. The successes of Iscar depend on these innovations. They strive to conceive the most efficient metal cutting technologies in the world. Leading the way is their hard working faculty who create more efficient, practical and economical goods.

In 2006 Iscar turned a new page. Berkshire Hathaway, an remarkably large holding enterprise, controlled by Warren Buffett purchased an 80% share of the IMC group, Iscar being it's greatest affiliate. Iscar is the first manufacturer from outside the US that Berkshire Hathaway has acquired.

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