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An Abridge Statement Of Iscar From Over The Ages
From humble beginnings Iscar is at present one of the world's leading builders of cutting tools. Stef Wertheimer started Iscar in 1952 in his garage. After several 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 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 utilizes complex and entirely automatic CNC milling and turning machines to create tooling round the clock. The design of the facility allows for versatility in the manufacturing procedure. Within a matter of hours a separate goods can be put into production. Automation has been a key 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 taken about the facility 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 life. Every day new changes are fashioned by all levels of staff. Research and development isn't restricted to solely tooling. Iscar is constantly looking for revolutionary, more productive and more cost effective ways of accomplishing things. These innovations have granted Iscar to develop into one of the fastest growing companies in the business. The successes of Iscar hang on these innovations. They aim to conceive the most productive metal cutting technologies in the world. Leading the way is their hard laboring faculty who create more efficient, functional and economical goods.
In 2006 Iscar turned a new page. Berkshire Hathaway, an notably large holding enterprise, administrated by Warren Buffett purchased an 80% share of the IMC group, Iscar being it's greatest affiliate. Iscar is the first business from outside the US that Berkshire Hathaway has acquired.
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