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A Summarize Chronicle Of Iscar 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 numerous year and numerous expansions Iscar moved to it's current location in the Tefen Industrial Zone located in Israel's Western Galilee. Since it's conception Iscar has enhanced from a single market to having representation in more than 50 countries world wide.
Iscar's state of the art plant uses advanced and completely automatic CNC milling and turning machines to produce tooling round the clock. The design of the facility allows for versatility in the manufacturing procedure. Within a matter of hours a dissimilar product can be put into production. Automation has been a key to the achievements 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 transported about the facility in this method.
Iscar strives to be a leader in the cutting tool industry. Every year Iscar uses about 10% of it's total resources to research and development. Iscar feels that innovation is a way of life. Every day new changes are formed by all levels of employees. Research and development isn't reserved to simply tooling. Iscar is constantly looking for new, more suitable and more cost effective ways of doing things. These innovations have granted Iscar to emerge as one of the fastest developing companies in the business. The successes of Iscar pivot on these innovations. They aim to produce the most proficient metal cutting technologies in the marketplace. Leading the way is their hard laboring workers who establish more efficient, operative and economical products.
In 2006 Iscar turned a new page. Berkshire Hathaway, an extremely large holding firm, administrated by Warren Buffett purchased an 80% share of the IMC group, Iscar being it's greatest division. Iscar is the first manufacturer from outside the US that Berkshire Hathaway has acquired.
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