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An Abridge Account Of Iscar Across The Years
From humble beginnings Iscar is currently one of the world's foremost manufacturers of cutting tools. Stef Wertheimer started Iscar in 1952 in his garage. After several year and several 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 singular market to having representation in over 50 countries world wide.
Iscar's state of the art plant utilizes sophisticated and fully automatic CNC milling & turning machines to devise tooling around the clock. The configuration of the plant allows for flexibility in the manufacturing procedure. Within a matter of hours a different product can be placed into production. Automation has been a critical point to the success 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 transported about the facility in this fashion.
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 believes that deviation is a way of living. Every day new innovations are formed by all levels of personnel. Research and development isn't bounded to just tooling. Iscar is steadily looking for completely new, more efficient and expanded cost effective ways of creating things. These innovations have allowed Iscar to emerge as one of the fastest growing companies in the industry. The successes of Iscar hinge on these innovations. They plan to build the most efficient metal cutting technologies in the planet. Piloting the way is their hard working workers who create more efficient, effective and economical products.
In 2006 Iscar turned a brand new page. Berkshire Hathaway, an remarkably large holding company, directed by Warren Buffett bought an 80% share of the IMC group, Iscar being it's largest division. Iscar is the first company from outside the US that Berkshire Hathaway has acquired.
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