An Abridge Account Of Iscar Across The Ages

From humble beginnings Iscar is now one of the world's leading manufacturers of cutting tools. Stef Wertheimer started Iscar in 1952 in his garage. After many year and many expansions Iscar relocated to it's current location in the Tefen Industrial Zone seated in Israel's Western Galilee. Since it's inception Iscar has expanded from a single market to having representation in over 50 countries world wide.

Iscar's state of the art plant employs complex and entirely automatic CNC milling and turning machines to construct tooling around the clock. The design of the facility allows for flexibility in the manufacturing procedure. In a matter of hours a separate goods can be put into production. Automation has been a key point to the success of Iscar. The facility uses pick and place robots as well as Automatic Guided Vehicles that are remote controlled by a central production computer, products are hauled about the plant in this style.

Iscar strives to be a ruler in the cutting tool industry. Every year Iscar uses about 10% of it's total capital to research and development. Iscar believes that innovation is a way of life. Every day new innovations are fashioned by all levels of faculty. Research and development isn't restricted to solely tooling. Iscar is continually looking for different, more efficient and more cost effective ways of doing things. These innovations have allowed Iscar to evolve into one of the fastest expanding companies in the business. The successes of Iscar hang on these innovations. They intend to create the most efficient metal cutting technologies in the world. Leading the way is their hard working workers who fabricate more efficient, functional and economical goods.

In 2006 Iscar turned a new page. Berkshire Hathaway, an very large holding company, controlled by Warren Buffett purchased an 80% share of the IMC group, Iscar being it's largest constituent. Iscar is the first organization from outside the US that Berkshire Hathaway has acquired.

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