A Short Statement Of Iscar Across The Ages

From humble beginnings Iscar is at present one of the world's principal manufacturers of cutting tools. Stef Wertheimer founded Iscar in 1952 in his garage. After numerous year and many expansions Iscar relocated to it's current location in the Tefen Industrial Zone seated in Israel's Western Galilee. Since it's conception Iscar has expanded from a sole market to having representation in over 50 countries world wide.

Iscar's state of the art facility uses complex and thoroughly automatic CNC milling and turning machines to construct tooling round the clock. The design of the buildings allows for flexibility in the manufacturing process. In a matter of hours a separate goods can be put into production. Automation has been a key point to the achievements of Iscar. The facility uses pick & place robots as well as Automatic Guided Vehicles that are remote controlled by a central production computer, products are taken about the plant in this style.

Iscar strives to be a ruler in the cutting tool industry. Every year Iscar uses about 10% of it's total capital to research and development. Iscar feels that innovation is a way of existence. Every day new innovations are shaped by all levels of employees. Research and development isn't restricted to merely tooling. Iscar is constantly looking for different, more suitable and more cost effective ways of achieving things. These innovations have accorded Iscar to develop into one of the fastest developing companies in the business. The successes of Iscar swivel on these innovations. They aim to create the most proficient metal cutting technologies in the world. Piloting the way is their hard working faculty who fabricate more efficient, functional and economical goods.

In 2006 Iscar turned a new page. Berkshire Hathaway, an very large holding firm, administrated by Warren Buffett bought an 80% share of the IMC group, Iscar being it's largest affiliate. Iscar is the first manufacturer from outside the US that Berkshire Hathaway has acquired.

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