From humble beginnings Iscar is now one of the world's leading producers of cutting tools. Stef Wertheimer founded Iscar in 1952 in his garage. After many year and numerous expansions Iscar moved to it's current local in the Tefen Industrial Zone seated in Israel's Western Galilee. Since it's beginning Iscar has expanded from a single market to having representation in more than 50 countries world wide.
Iscar's state of the art facility employs advanced and completely automatic CNC milling & turning machines to create tooling around the clock. The design of the facility allows for adaptability in the manufacturing process. In a matter of hours a dissimilar product can be placed into production. Automation has been a key point to the accomplishment 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 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 believes that innovation is a way of life. Every day new changes are made by all levels of workers. Research and development isn't reserved to simply tooling. Iscar is regularly looking for revolutionary, more practical and more cost effective ways of doing things. These innovations have permitted Iscar to become one of the fastest expanding companies in the business. The successes of Iscar swivel on these innovations. They strive to conceive the most effective metal cutting technologies in the world. Leading the way is their hard laboring employees who produce more efficient, operative and economical products.
In 2006 Iscar turned a brand new page. Berkshire Hathaway, an notably large holding enterprise, controlled by Warren Buffett purchased an 80% share of the IMC group, Iscar being it's biggest member. Iscar is the first enterprise from outside the US that Berkshire Hathaway has acquired.
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