A Short Account Of Iscar From Across The Ages

From humble beginnings Iscar is presently one of the world's foremost builders of cutting tools. Stef Wertheimer founded Iscar in 1952 in his garage. After many year and numerous expansions Iscar relocated to it's current location in the Tefen Industrial Zone located 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 facility employs advanced and thoroughly automatic CNC milling & turning machines to build tooling around the clock. The configuration of the plant allows for flexibility in the manufacturing procedure. Within a matter of hours a dissimilar product can be put into production. Automation has been a key to the accomplishments 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 taken about the facility in this manner.

Iscar strives to be a leader in the cutting tool business. Every year Iscar uses about 10% of it's total capital to research and development. Iscar feels that deviation is a way of living. Every day new changes are formed by all levels of personnel. Research and development isn't reserved to just tooling. Iscar is regularly looking for different, more efficient and increased cost effective ways of accomplishing things. These innovations have permitted Iscar to evolve into one of the fastest expanding companies in the business. The successes of Iscar swivel on these innovations. They plan to conceive the most proficient metal cutting technologies in the globe. Leading the way is their hard laboring employees who fabricate more efficient, efficient and economical products.

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

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