A Short Chronicle Of Iscar From Across The Ages
From humble beginnings Iscar is at this time one of the world's leading producers of cutting tools. Stef Wertheimer started Iscar in 1952 in his garage. After many year and many expansions Iscar moved to it's current location in the Tefen Industrial Zone established in Israel's Western Galilee. Since it's conception Iscar has expanded from a sole market to having representation in more than 50 countries world wide.
Iscar's state of the art plant employs advanced and fully automatic CNC milling & turning machines to create tooling round the clock. The design of the facility allows for versatility in the manufacturing procedure. In a matter of hours a dissimilar goods can be placed into production. Automation has been a critical point 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 hauled about the facility in this manner.
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 believes that deviation is a way of life. Every day new changes are formed by all levels of faculty. Research and development isn't restrained to simply tooling. Iscar is regularly looking for completely new, more suitable and more cost effective ways of achieving things. These innovations have accorded Iscar to become one of the fastest growing companies in the industry. The successes of Iscar pivot on these innovations. They plan to conceive the most effective metal cutting technologies in the planet. Piloting the way is their hard laboring faculty who fabricate more efficient, effective and economical goods.
In 2006 Iscar turned a new page. Berkshire Hathaway, an very large holding company, directed by Warren Buffett bought an 80% share of the IMC group, Iscar being it's greatest division. Iscar is the first company from outside the US that Berkshire Hathaway has acquired.
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