From humble beginnings Iscar is currently one of the world's foremost builders of cutting tools. Stef Wertheimer started Iscar in 1952 in his garage. After several year and many expansions Iscar relocated to it's current location in the Tefen Industrial Zone established in Israel's Western Galilee. Since it's beginning Iscar has increased from a singular market to having representation in more than 50 countries world wide.
Iscar's state of the art plant utilizes complex and thoroughly automatic CNC milling and turning machines to devise tooling around the clock. The configuration of the plant allows for versatility in the manufacturing procedure. Within a matter of hours a separate goods can be put into production. Automation has been a critical point to the accomplishment 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 transported about the facility in this style.
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 living. Every day new changes are formed by all levels of personnel. Research and development isn't restricted to merely tooling. Iscar is constantly looking for completely new, more practical and increased cost effective ways of creating things. These innovations have permitted Iscar to emerge as one of the fastest growing companies in the business. The successes of Iscar depend on these innovations. They aim to build the most effective metal cutting technologies in the planet. Piloting the way is their hard laboring workers who create more efficient, functional and economical goods.
In 2006 Iscar turned a new page. Berkshire Hathaway, an remarkably large holding enterprise, directed by Warren Buffett bought an 80% share of the IMC group, Iscar being it's greatest division. Iscar is the first company from outside the US that Berkshire Hathaway has acquired.
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