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Resources
A Brief Account Of Iscar Over The Years
From humble beginnings Iscar is currently one of the world's foremost producers of cutting tools. Stef Wertheimer founded Iscar in 1952 in his garage. After several year and many expansions Iscar moved to it's current local in the Tefen Industrial Zone seated in Israel's Western Galilee. Since it's inception Iscar has expanded from a singular market to having representation in over 50 countries world wide.
Iscar's state of the art plant employs advanced and thoroughly automatic CNC milling and turning machines to create tooling round the clock. The design of the facility allows for versatility in the manufacturing process. In a matter of hours a separate goods can be put into production. Automation has been a key to the accomplishment of Iscar. The facility uses pick & place robots as well as Automatic Guided Vehicles that are remotely controlled by a central production computer, products are taken about the plant in this method.
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 believes that innovation is a way of living. Every day new changes are fashioned by all levels of workers. Research and development isn't restrained to solely tooling. Iscar is steadily looking for different, more productive and more cost effective ways of achieving things. These innovations have allowed Iscar to evolve into one of the fastest growing companies in the business. The successes of Iscar hinge 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 establish more efficient, efficient and economical products.
In 2006 Iscar turned a brand new page. Berkshire Hathaway, an extremely large holding enterprise, headed by Warren Buffett bought an 80% share of the IMC group, Iscar being it's biggest member. Iscar is the first enterprise from outside the US that Berkshire Hathaway has acquired.