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A Summarize Chronicle Of Iscar Over The Ages
From humble beginnings Iscar is at this time one of the world's leading producers of cutting tools. Stef Wertheimer founded Iscar in 1952 in his garage. After many year and several expansions Iscar relocated to it's current location in the Tefen Industrial Zone established in Israel's Western Galilee. Since it's inception Iscar has increased from a single market to having representation in over 50 countries world wide.
Iscar's state of the art facility employs sophisticated and thoroughly automatic CNC milling and turning machines to devise tooling around the clock. The configuration of the facility allows for adaptability in the manufacturing process. In a matter of hours a different goods can be put into production. Automation has been a critical point to the success of Iscar. The plant uses pick and place robots as well as Automatic Guided Vehicles that are remote controlled by a central production computer, products are taken about the plant in this fashion.
Iscar strives to be a ruler in the cutting tool industry. Every year Iscar uses about 10% of it's total assets to research and development. Iscar believes that change is a way of life. Every day new innovations are shaped by all levels of workers. Research and development isn't bounded to merely tooling. Iscar is constantly looking for completely new, more efficient and increased cost effective ways of doing things. These innovations have accorded Iscar to develop into one of the fastest expanding companies in the industry. The successes of Iscar swivel on these innovations. They aim to build the most efficient metal cutting technologies in the planet. Leading the way is their hard working faculty who produce more efficient, effective and economical goods.
In 2006 Iscar turned a new page. Berkshire Hathaway, an notably large holding corporation, advised by Warren Buffett purchased an 80% share of the IMC group, Iscar being it's biggest affiliate. Iscar is the first enterprise from outside the US that Berkshire Hathaway has acquired.
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