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A Brief Report Of Iscar Over The Ages
From humble beginnings Iscar is presently one of the world's leading 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 local in the Tefen Industrial Zone seated in Israel's Western Galilee. Since it's inception Iscar has elevated from a single market to having representation in more than 50 countries world wide.
Iscar's state of the art facility employs advanced and thoroughly automatic CNC milling & turning machines to construct tooling around the clock. The configuration of the facility allows for versatility in the manufacturing process. In a matter of hours a dissimilar goods can be placed into production. Automation has been a key point to the success of Iscar. The plant uses pick and place robots as well as Automatic Guided Vehicles that are remotely controlled by a central production computer, products are moved about the plant in this fashion.
Iscar strives to be a ruler in the cutting tool business. Every year Iscar uses about 10% of it's total capital to research and development. Iscar believes that deviation is a way of life. Every day new changes are made by all levels of workers. Research and development isn't restrained to merely tooling. Iscar is steadily looking for different, more efficient and expanded cost effective ways of doing things. These innovations have granted Iscar to become one of the fastest expanding companies in the industry. The successes of Iscar depend on these innovations. They plan to create the most efficient metal cutting technologies in the globe. Leading the way is their hard laboring employees who produce more efficient, efficient and economical goods.
In 2006 Iscar turned a brand new page. Berkshire Hathaway, an very large holding company, headed by Warren Buffett purchased an 80% share of the IMC group, Iscar being it's greatest member. Iscar is the first enterprise from outside the US that Berkshire Hathaway has acquired.
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