A Short Account Of Iscar From Across The Ages
From humble beginnings Iscar is presently one of the world's foremost builders of cutting tools. Stef Wertheimer started Iscar in 1952 in his garage. After several 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 conception Iscar has elevated from a singular market to having representation in more than 50 countries world wide.
Iscar's state of the art plant utilizes sophisticated and fully automatic CNC milling and turning machines to produce tooling round the clock. The configuration of the plant allows for versatility in the manufacturing procedure. Within a matter of hours a different product can be put into production. Automation has been a key to the accomplishments 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 taken about the facility 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 feels that deviation is a way of living. Every day new changes are fashioned by all levels of personnel. Research and development isn't limited to just tooling. Iscar is constantly looking for new, more productive and expanded cost effective ways of creating things. These innovations have granted Iscar to develop into one of the fastest growing companies in the industry. The successes of Iscar pivot on these innovations. They aim to produce the most productive metal cutting technologies in the globe. Piloting the way is their hard laboring faculty who create more efficient, practical and economical products.
In 2006 Iscar turned a new page. Berkshire Hathaway, an extremely large holding organization, headed by Warren Buffett bought an 80% share of the IMC group, Iscar being it's greatest affiliate. Iscar is the first company from outside the US that Berkshire Hathaway has acquired.
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