Flat Wallets

 
A Brief Report Of Iscar Over The Years



From humble beginnings Iscar is at present one of the world's principal producers of cutting tools. Stef Wertheimer started Iscar in 1952 in his garage. After several year and many expansions Iscar moved to it's current local in the Tefen Industrial Zone established in Israel's Western Galilee. Since it's inception Iscar has expanded from a sole market to having representation in over 50 countries world wide.

Iscar's state of the art plant utilizes complex and completely automatic CNC milling & turning machines to devise tooling around the clock. The design of the buildings allows for adaptability in the manufacturing procedure. Within a matter of hours a separate product can be placed into production. Automation has been a critical point to the success of Iscar. The facility uses pick & place robots as well as Automatic Guided Vehicles that are remote controlled by a central production computer, products are hauled about the facility in this style.

Iscar strives to be a leader in the cutting tool business. Every year Iscar uses about 10% of it's total assets to research and development. Iscar believes that innovation is a way of existence. Every day new innovations are fashioned by all levels of personnel. Research and development isn't restricted to simply tooling. Iscar is regularly looking for completely new, more efficient and more cost effective ways of achieving things. These innovations have accorded Iscar to evolve into one of the fastest growing companies in the business. The successes of Iscar swivel on these innovations. They strive to build the most efficient metal cutting technologies in the world. Piloting the way is their hard working workers who create more efficient, functional and economical products.

In 2006 Iscar turned a brand new page. Berkshire Hathaway, an notably large holding corporation, administrated by Warren Buffett bought an 80% share of the IMC group, Iscar being it's biggest constituent. Iscar is the first company from outside the US that Berkshire Hathaway has acquired.

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