ISCAR Metalworking
ISCAR Ltd. is an Israeli manufacturer of metal cutting tools and a subsidiary of the IMC Group (International Metalworking Companies).
| Company type | Subsidiary |
|---|---|
| Industry | Industrial manufacturing |
| Founded | 1952 |
| Founders | Stef Wertheimer Eitan Wertheimer |
| Headquarters | Migdal Tefen, Israel |
Area served | Worldwide |
Key people | Jacob Harpaz (Chairman of the Board) Ilan Geri (CEO) |
| Owner | IMC Group |
Number of employees | 7000 |
| Website | http://www.iscar.com/ |
Operations
ISCAR Ltd. is headquartered in Migdal Tefen, Israel, and operates internationally. The company is led by CEO Ilan Geri and IMC Group Chairman Jacob Harpaz.
The company supplies metal cutting tools to industries including aerospace, automotive, energy, medical, and general engineering. The company also develops tool geometries, clamping systems, and digital technologies for industrial manufacturing applications.
A major milestone occurred in 2006 when Berkshire Hathaway, led by Warren Buffett, becoming one of its largest non-insurance companies.[1]
History
ISCAR was founded in 1952 by metalworker Stef Wertheimer in Nahariya, Israel. The company began as a family business and developed into a tool manufacturer.
In 1982, the company relocated its operations to Migdal Tefen (Tefen industrial zone) in the Upper Galilee.[2] During the 1980s, under the leadership of Stef’s son, Eitan Wertheimer, ISCAR expanded operations into Europe, Asia, and the Americas.
ISCAR is part of the International Metalworking Companies (IMC) Group—a network of over 150 subsidiaries in more than 60 countries.