A Summarize Chronicle Of Iscar Across The Years

From humble beginnings Iscar is at this time one of the world's leading manufacturers of cutting tools. Stef Wertheimer founded Iscar in 1952 in his garage. After several year and many expansions Iscar relocated to it's current local in the Tefen Industrial Zone located in Israel's Western Galilee. Since it's inception Iscar has enhanced from a single market to having representation in over 50 countries world wide.

Iscar's state of the art facility utilizes complex and thoroughly automatic CNC milling & turning machines to produce tooling around the clock. The design of the facility allows for flexibility in the manufacturing process. Within a matter of hours a separate goods can be placed into production. Automation has been a key to the success of Iscar. The facility uses pick and place robots as well as Automatic Guided Vehicles that are remote controlled by a central production computer, products are moved about the facility in this style.

Iscar strives to be a ruler in the cutting tool business. Every year Iscar uses about 10% of it's total resources to research and development. Iscar believes that change is a way of life. Every day new innovations are made by all levels of personnel. Research and development isn't restricted to merely tooling. Iscar is regularly looking for new, more efficient and increased cost effective ways of accomplishing things. These innovations have allowed Iscar to become one of the fastest growing companies in the business. The successes of Iscar swivel on these innovations. They strive to produce the most efficient metal cutting technologies in the marketplace. Leading the way is their hard working employees who create more efficient, functional and economical goods.

In 2006 Iscar turned a brand new page. Berkshire Hathaway, an extremely large holding company, advised by Warren Buffett purchased an 80% share of the IMC group, Iscar being it's largest member. Iscar is the first company from outside the US that Berkshire Hathaway has acquired.

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