A Brief Chronicle Of Iscar From Over The Years

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

Iscar's state of the art plant employs sophisticated and completely automatic CNC milling and turning machines to create tooling round the clock. The configuration of the buildings allows for flexibility in the manufacturing procedure. In a matter of hours a different product can be put into production. Automation has been a key point to the achievements of Iscar. The plant uses pick & place robots as well as Automatic Guided Vehicles that are remote controlled by a central production computer, products are hauled about the plant in this manner.

Iscar strives to be a leader in the cutting tool industry. Every year Iscar uses about 10% of it's total capital to research and development. Iscar feels that change is a way of existence. Every day new innovations are fashioned by all levels of workers. Research and development isn't limited to simply tooling. Iscar is continually looking for revolutionary, more suitable and increased cost effective ways of achieving things. These innovations have allowed Iscar to evolve into one of the fastest expanding companies in the industry. The successes of Iscar pivot on these innovations. They intend to conceive the most proficient metal cutting technologies in the planet. Piloting the way is their hard working faculty who produce more efficient, practical and economical products.

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

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