A Summarize Statement Of Iscar Across The Ages

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

Iscar's state of the art plant utilizes complex and completely automatic CNC milling and turning machines to build tooling around the clock. The configuration of the buildings allows for versatility in the manufacturing procedure. Within a matter of hours a separate product can be put into production. Automation has been a key to the success of Iscar. The plant 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 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 believes that change is a way of existence. Every day new changes are fashioned by all levels of personnel. Research and development isn't reserved to simply tooling. Iscar is continually looking for brand new, more efficient and increased cost effective ways of creating things. These innovations have permitted Iscar to evolve into one of the fastest growing companies in the business. The successes of Iscar swivel on these innovations. They intend to assemble the most efficient metal cutting technologies in the planet. Piloting the way is their hard laboring faculty who create more efficient, operative and economical products.

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

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