Iscar South Africa | Metalworking News

Iscar South Africa (Pty) Ltd

47 Lake Road, Longmeadow Buisiness Estate – North
Extension 7, Modderfontein, Gauteng

Tel.: +27 (11) 997 2700
Email: iscar@iscarsa.co.za

Company profile
The company was founded in 1952 in a wooden garage behind the home of Stef Wertheimer in Israel. After several years of steady expansion, the company headquarters moved to its current site in the Tefen Industrial Zone, situated in Israel’s Western Galilee.

Iscar has expanded from a single marketing and manufacturing facility in Israel to a multinational company comprising 140 subsidiaries with representation in 65 countries. Iscar has highly automated production facilities Israel, France, Germany, Italy, The Netherlands, Spain, Switzerland, Turkey, United Kingdom, Argentina, Brazil, United States of America and South Korea.

Iscar is part of the IMC Group, one of the world’s leading producers of metal removal technology. Iscar is the largest of the 15 companies comprising the IMC (International Metalworking Companies) Group. Together, they supply a comprehensive line of precision carbide metalworking tools. These companies produce a wide range of carbide inserts, carbide endmills and cutting tools, covering most metal cutting applications. IMC also provides engineering and manufacturing solutions to major industries throughout the world. Many innovative products, designed specially for customer requirements, have madeIMC a world leader in the major manufacturing industries such as automotive, aerospace and die and mould production.

The product lines of Iscar cover parting and grooving, turning and threading, holemaking, milling and tool holding.

In May 2006, Berkshire Hathaway, chaired by Warren Buffett, purchased an 80% stake in Iscar for US$4 billion. It was the first time in Berkshire’s history that it acquired a company based outside of the United States. In 2008, Mr. Buffett called the acquisition of Iscar a “dream deal” that surpassed all his expectations. He personally attended the inauguration of a new production plant in Dalian, China. Then in May 2013 Buffett purchased the remaining 20% of Iscar for $2.05 billion, vowing however, to keep the company in Israel. It is one of Berkshire Hathaway’s largest non-insurance companies.

About Iscar South Africa (Pty) Ltd
Iscar opened its South African subsidiary in 1967 and has become one of the leading suppliers of precision carbide metalworking tools throughout South Africa. The company distributes its products from its head office in Longmeadow Buisiness Estate – North, its branch offices situated in Cape Town, Port Elizabeth, Durban and Vereeniging and via a comprehensive network of distributors.

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