A Brief Account Of Iscar From Over The Years
From humble beginnings Iscar is at this time one of the world's leading producers of cutting tools. Stef Wertheimer started Iscar in 1952 in his garage. After several year and several expansions Iscar relocated to it's current location in the Tefen Industrial Zone established in Israel's Western Galilee. Since it's conception Iscar has enhanced from a single market to having representation in more than 50 countries world wide.
Iscar's state of the art plant utilizes sophisticated and thoroughly automatic CNC milling and turning machines to devise tooling round the clock. The design of the facility allows for adaptability in the manufacturing procedure. Within a matter of hours a different goods can be put into production. Automation has been a critical point to the achievements 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 hauled about the facility in this manner.
Iscar strives to be a ruler in the cutting tool industry. Every year Iscar uses about 10% of it's total assets to research and development. Iscar feels that change is a way of life. Every day new changes are fashioned by all levels of staff. Research and development isn't bounded to merely tooling. Iscar is constantly looking for completely new, more suitable and increased cost effective ways of doing things. These innovations have permitted Iscar to evolve into one of the fastest growing companies in the industry. The successes of Iscar depend on these innovations. They aim to build the most proficient metal cutting technologies in the marketplace. Leading the way is their hard laboring workers who create more efficient, effective and economical goods.
In 2006 Iscar turned a new page. Berkshire Hathaway, an remarkably large holding firm, advised by Warren Buffett purchased an 80% share of the IMC group, Iscar being it's biggest constituent. Iscar is the first business from outside the US that Berkshire Hathaway has acquired.
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