An Abridge Account Of Iscar From Over The Years
From humble beginnings Iscar is currently one of the world's leading producers 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 located in Israel's Western Galilee. Since it's inception Iscar has increased from a single market to having representation in over 50 countries world wide.
Iscar's state of the art facility uses complex and fully automatic CNC milling & turning machines to build tooling around the clock. The configuration of the facility allows for adaptability in the manufacturing process. Within a matter of hours a separate product can be placed into production. Automation has been a key 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 style.
Iscar strives to be a leader in the cutting tool business. Every year Iscar uses about 10% of it's total resources to research and development. Iscar believes that change is a way of life. Every day new innovations are shaped by all levels of employees. Research and development isn't restricted to just tooling. Iscar is steadily looking for brand new, more efficient and increased cost effective ways of doing things. These innovations have accorded Iscar to turn into one of the fastest developing companies in the business. The successes of Iscar hinge on these innovations. They plan to assemble the most efficient metal cutting technologies in the planet. Leading the way is their hard working employees who establish more efficient, functional and economical products.
In 2006 Iscar turned a brand new page. Berkshire Hathaway, an extremely large holding company, directed by Warren Buffett purchased an 80% share of the IMC group, Iscar being it's biggest part. Iscar is the first manufacturer from outside the US that Berkshire Hathaway has acquired.
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