A Brief Chronicle Of Iscar Over The Years

From humble beginnings Iscar is now 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 local in the Tefen Industrial Zone seated in Israel's Western Galilee. Since it's beginning Iscar has expanded from a single market to having representation in more than 50 countries world wide.

Iscar's state of the art plant utilizes sophisticated and entirely automatic CNC milling & turning machines to construct 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 placed into production. Automation has been a key point to the accomplishments 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 taken about the facility in this manner.

Iscar strives to be a ruler in the cutting tool business. Every year Iscar uses about 10% of it's total capital to research and development. Iscar feels that innovation is a way of life. Every day new changes are fashioned by all levels of personnel. Research and development isn't bounded to solely tooling. Iscar is steadily looking for different, more productive and more cost effective ways of accomplishing things. These innovations have permitted Iscar to develop into one of the fastest growing companies in the industry. The successes of Iscar hang on these innovations. They plan to create the most productive metal cutting technologies in the world. Leading the way is their hard laboring faculty who create more efficient, effective and economical goods.

In 2006 Iscar turned a brand new page. Berkshire Hathaway, an very large holding enterprise, controlled by Warren Buffett purchased an 80% share of the IMC group, Iscar being it's biggest affiliate. Iscar is the first company from outside the US that Berkshire Hathaway has acquired.

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