An Abridge Account Of Iscar Over The Ages

From humble beginnings Iscar is at present one of the world's principal builders of cutting tools. Stef Wertheimer started Iscar in 1952 in his garage. After several year and several expansions Iscar moved to it's current location in the Tefen Industrial Zone located in Israel's Western Galilee. Since it's inception Iscar has expanded from a sole market to having representation in more than 50 countries world wide.

Iscar's state of the art plant utilizes sophisticated and fully automatic CNC milling and turning machines to produce tooling around the clock. The design of the buildings allows for versatility in the manufacturing procedure. Within a matter of hours a different product can be put into production. Automation has been a key to the accomplishment 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 transported about the facility 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 believes that innovation is a way of existence. Every day new changes are formed by all levels of staff. Research and development isn't bounded to just tooling. Iscar is constantly looking for new, more practical and more cost effective ways of achieving things. These innovations have granted Iscar to emerge as one of the fastest growing companies in the industry. The successes of Iscar pivot on these innovations. They aim to produce the most effective metal cutting technologies in the world. Piloting the way is their hard laboring workers who establish more efficient, effective and economical products.

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

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