An Abridge Statement Of Iscar Across The Ages

From humble beginnings Iscar is now one of the world's principal builders of cutting tools. Stef Wertheimer founded Iscar in 1952 in his garage. After several year and several expansions Iscar relocated to it's current local in the Tefen Industrial Zone established in Israel's Western Galilee. Since it's conception Iscar has expanded from a sole market to having representation in more than 50 countries world wide.

Iscar's state of the art facility utilizes sophisticated and thoroughly automatic CNC milling & turning machines to devise tooling round the clock. The design of the buildings allows for versatility in the manufacturing process. Within a matter of hours a different goods can be placed into production. Automation has been a critical point to the achievements of Iscar. The facility uses pick & place robots as well as Automatic Guided Vehicles that are remotely controlled by a central production computer, products are carried about the facility in this manner.

Iscar strives to be a ruler in the cutting tool business. Every year Iscar uses about 10% of it's total assets to research and development. Iscar feels that innovation is a way of existence. Every day new changes are shaped by all levels of personnel. Research and development isn't bounded to merely tooling. Iscar is regularly looking for completely new, more suitable and more cost effective ways of achieving things. These innovations have granted Iscar to turn into one of the fastest growing companies in the industry. The successes of Iscar depend on these innovations. They strive to build the most proficient metal cutting technologies in the world. Piloting the way is their hard laboring employees who create more efficient, effective and economical goods.

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

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