ISCAR Ltd. is an Israeli manufacturer of metal cutting tools and a subsidiary of the IMC Group (International Metalworking Companies).
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.
During the 1970s and 1980s, ISCAR expanded its catalog of indexable tooling, including inserts and tools for turning, milling, and grooving, along with additional carbide grades and coatings.