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A Brief Account Of Iscar Across The Years



From humble beginnings Iscar is at present one of the world's leading builders of cutting tools. Stef Wertheimer founded Iscar in 1952 in his garage. After several year and several expansions Iscar moved to it's current local in the Tefen Industrial Zone established in Israel's Western Galilee. Since it's conception Iscar has expanded from a single market to having representation in more than 50 countries world wide.

Iscar's state of the art facility utilizes sophisticated and fully automatic CNC milling & turning machines to devise tooling round the clock. The design of the facility allows for versatility in the manufacturing process. Within a matter of hours a different product can be placed into production. Automation has been a critical point 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 taken about the facility in this manner.

Iscar strives to be a leader in the cutting tool business. Every year Iscar uses about 10% of it's total assets to research and development. Iscar feels that innovation is a way of life. Every day new changes are shaped by all levels of personnel. Research and development isn't limited to just tooling. Iscar is steadily looking for completely new, more suitable and more cost effective ways of doing things. These innovations have granted Iscar to develop into one of the fastest growing companies in the industry. The successes of Iscar hinge on these innovations. They plan to build the most proficient metal cutting technologies in the world. Leading the way is their hard laboring faculty who create more efficient, practical and economical products.

In 2006 Iscar turned a brand new page. Berkshire Hathaway, an notably large holding firm, administrated by Warren Buffett purchased an 80% share of the IMC group, Iscar being it's greatest affiliate. Iscar is the first company from outside the US that Berkshire Hathaway has acquired.

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