From humble beginnings Iscar is now one of the world's leading manufacturers of cutting tools. Stef Wertheimer founded Iscar in 1952 in his garage. After many year and numerous expansions Iscar relocated to it's current local in the Tefen Industrial Zone established in Israel's Western Galilee. Since it's conception Iscar has increased from a sole market to having representation in more than 50 countries world wide.
Iscar's state of the art plant uses advanced and fully automatic CNC milling and turning machines to produce tooling round the clock. The design of the plant allows for flexibility in the manufacturing process. In a matter of hours a separate goods can be placed into production. Automation has been a critical point to the accomplishment of Iscar. The facility uses pick & place robots as well as Automatic Guided Vehicles that are remote controlled by a central production computer, products are moved about the plant in this method.
Iscar strives to be a leader in the cutting tool business. 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 formed by all levels of personnel. Research and development isn't reserved to solely tooling. Iscar is steadily looking for new, more productive and expanded cost effective ways of creating things. These innovations have allowed Iscar to develop into one of the fastest growing companies in the industry. The successes of Iscar swivel on these innovations. They intend to produce the most effective metal cutting technologies in the marketplace. Leading the way is their hard laboring employees who create more efficient, practical and economical goods.
In 2006 Iscar turned a new page. Berkshire Hathaway, an remarkably large holding company, administrated by Warren Buffett purchased an 80% share of the IMC group, Iscar being it's greatest constituent. Iscar is the first enterprise from outside the US that Berkshire Hathaway has acquired.
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