A Short Account Of Iscar From 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 many year and numerous expansions Iscar moved to it's current location in the Tefen Industrial Zone established 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 employs advanced and completely automatic CNC milling and turning machines to devise tooling round the clock. The design of the facility allows for adaptability in the manufacturing procedure. In a matter of hours a dissimilar product can be put into production. Automation has been a critical 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 transported about the plant in this method.

Iscar strives to be a leader in the cutting tool industry. Every year Iscar uses about 10% of it's total assets to research and development. Iscar feels that innovation is a way of life. Every day new changes are formed by all levels of workers. Research and development isn't restrained to simply tooling. Iscar is continually looking for completely new, more productive and more cost effective ways of doing things. These innovations have permitted Iscar to emerge as one of the fastest expanding companies in the business. The successes of Iscar pivot on these innovations. They intend to build the most productive metal cutting technologies in the world. Leading the way is their hard laboring workers who produce more efficient, efficient and economical products.

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

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