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An Abridge Account Of Iscar Across The Ages
From humble beginnings Iscar is at this time one of the world's foremost producers of cutting tools. Stef Wertheimer founded Iscar in 1952 in his garage. After many 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 increased from a singular market to having representation in more than 50 countries world wide.
Iscar's state of the art facility employs sophisticated and fully automatic CNC milling and turning machines to produce tooling around the clock. The configuration of the plant allows for adaptability in the manufacturing process. In a matter of hours a different product can be put into production. Automation has been a key to the success of Iscar. The plant uses pick & place robots as well as Automatic Guided Vehicles that are remotely controlled by a central production computer, products are carried about the plant 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 change is a way of living. Every day new changes are made by all levels of faculty. Research and development isn't limited to just tooling. Iscar is continually looking for new, more efficient and increased cost effective ways of creating things. These innovations have permitted Iscar to turn into one of the fastest expanding companies in the industry. The successes of Iscar pivot on these innovations. They intend to produce the most efficient metal cutting technologies in the planet. Piloting the way is their hard laboring employees who fabricate more efficient, practical and economical products.
In 2006 Iscar turned a new page. Berkshire Hathaway, an extremely large holding corporation, advised by Warren Buffett bought an 80% share of the IMC group, Iscar being it's biggest part. Iscar is the first organization from outside the US that Berkshire Hathaway has acquired.
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