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An Abridge Chronicle Of Iscar From Over The Years
From humble beginnings Iscar is at present one of the world's leading producers of cutting tools. Stef Wertheimer founded Iscar in 1952 in his garage. After numerous 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 enhanced from a single market to having representation in more than 50 countries world wide.
Iscar's state of the art facility uses sophisticated and fully automatic CNC milling and turning machines to build tooling around the clock. The design of the facility 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 accomplishment of Iscar. The facility uses pick and 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 innovation is a way of life. Every day new changes are made by all levels of employees. Research and development isn't bounded to just tooling. Iscar is constantly looking for brand new, more practical and more cost effective ways of accomplishing things. These innovations have permitted Iscar to turn into one of the fastest developing companies in the industry. The successes of Iscar hinge on these innovations. They aim to assemble the most effective metal cutting technologies in the marketplace. Leading the way is their hard laboring employees who fabricate more efficient, effective and economical products.
In 2006 Iscar turned a new page. Berkshire Hathaway, an remarkably large holding corporation, administrated by Warren Buffett purchased an 80% share of the IMC group, Iscar being it's biggest part. Iscar is the first manufacturer from outside the US that Berkshire Hathaway has acquired.
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