An Abridge Statement Of Iscar Over The Ages

From humble beginnings Iscar is currently one of the world's foremost manufacturers of cutting tools. Stef Wertheimer founded Iscar in 1952 in his garage. After numerous year and numerous 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 increased from a singular market to having representation in over 50 countries world wide.

Iscar's state of the art facility uses advanced and entirely automatic CNC milling & turning machines to devise tooling round the clock. The configuration of the plant allows for flexibility in the manufacturing process. Within a matter of hours a dissimilar goods can be placed into production. Automation has been a critical point to the achievements 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 carried about the facility in this fashion.

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 change is a way of living. Every day new innovations are shaped by all levels of employees. Research and development isn't restrained to solely tooling. Iscar is steadily looking for completely new, more suitable and increased cost effective ways of creating things. These innovations have allowed Iscar to turn into one of the fastest developing companies in the industry. The successes of Iscar hang on these innovations. They plan to build the most proficient metal cutting technologies in the planet. Piloting the way is their hard working employees who establish more efficient, efficient and economical goods.

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

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