An Abridge Chronicle Of Iscar Over The Ages
From humble beginnings Iscar is at this time one of the world's foremost manufacturers of cutting tools. Stef Wertheimer founded Iscar in 1952 in his garage. After many year and several expansions Iscar relocated to it's current location in the Tefen Industrial Zone established in Israel's Western Galilee. Since it's conception Iscar has increased from a singular market to having representation in over 50 countries world wide.
Iscar's state of the art facility employs sophisticated and entirely automatic CNC milling and turning machines to devise tooling round the clock. The configuration of the plant allows for flexibility in the manufacturing process. In a matter of hours a different goods can be put into production. Automation has been a critical point to the accomplishments 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 ruler in the cutting tool industry. Every year Iscar uses about 10% of it's total assets to research and development. Iscar feels that change is a way of living. Every day new innovations are made by all levels of workers. Research and development isn't bounded to solely tooling. Iscar is constantly looking for completely new, more productive and increased cost effective ways of accomplishing things. These innovations have accorded Iscar to turn into one of the fastest expanding companies in the industry. The successes of Iscar hang on these innovations. They aim to build the most productive metal cutting technologies in the planet. Leading the way is their hard working employees who produce more efficient, effective and economical goods.
In 2006 Iscar turned a new page. Berkshire Hathaway, an remarkably large holding organization, advised by Warren Buffett purchased an 80% share of the IMC group, Iscar being it's largest part. Iscar is the first enterprise from outside the US that Berkshire Hathaway has acquired.
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