An Abridge Statement Of Iscar From Over The Ages
From humble beginnings Iscar is presently one of the world's principal producers of cutting tools. Stef Wertheimer founded Iscar in 1952 in his garage. After several year and numerous expansions Iscar relocated to it's current location in the Tefen Industrial Zone located in Israel's Western Galilee. Since it's inception Iscar has elevated from a sole market to having representation in over 50 countries world wide.
Iscar's state of the art facility utilizes advanced and thoroughly automatic CNC milling and turning machines to build tooling around the clock. The configuration of the buildings allows for adaptability in the manufacturing process. Within a matter of hours a dissimilar goods can be put into production. Automation has been a key to the accomplishment of Iscar. The plant uses pick & place robots as well as Automatic Guided Vehicles that are remote controlled by a central production computer, products are carried about the facility in this method.
Iscar strives to be a ruler in the cutting tool industry. Every year Iscar uses about 10% of it's total resources to research and development. Iscar believes that deviation is a way of existence. Every day new innovations are shaped by all levels of personnel. Research and development isn't restrained to merely tooling. Iscar is continually looking for brand new, more practical and expanded cost effective ways of creating things. These innovations have accorded Iscar to turn into one of the fastest growing companies in the business. The successes of Iscar depend on these innovations. They intend to assemble the most effective metal cutting technologies in the globe. Piloting the way is their hard working employees who create more efficient, efficient and economical goods.
In 2006 Iscar turned a new page. Berkshire Hathaway, an remarkably large holding corporation, headed by Warren Buffett bought an 80% share of the IMC group, Iscar being it's biggest part. Iscar is the first company from outside the US that Berkshire Hathaway has acquired.
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