A Short Statement Of Iscar Across The Years
From humble beginnings Iscar is presently one of the world's leading 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 local in the Tefen Industrial Zone seated in Israel's Western Galilee. Since it's conception Iscar has elevated from a single market to having representation in over 50 countries world wide.
Iscar's state of the art facility employs sophisticated and completely automatic CNC milling & turning machines to construct tooling round the clock. The configuration of the facility allows for adaptability in the manufacturing process. In a matter of hours a different product can be placed into production. Automation has been a key point to the achievements of Iscar. The plant uses pick and place robots as well as Automatic Guided Vehicles that are remote 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 business. Every year Iscar uses about 10% of it's total capital to research and development. Iscar feels that deviation is a way of life. Every day new innovations are shaped by all levels of faculty. Research and development isn't limited to simply tooling. Iscar is regularly looking for different, more suitable and expanded cost effective ways of doing things. These innovations have accorded Iscar to turn into one of the fastest expanding companies in the industry. The successes of Iscar swivel on these innovations. They strive to create the most proficient metal cutting technologies in the globe. Leading the way is their hard working employees who fabricate more efficient, practical and economical products.
In 2006 Iscar turned a brand new page. Berkshire Hathaway, an very large holding firm, headed by Warren Buffett purchased 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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