ISCAR News
7 articles
growth-positive
Hoffmann Group and Iscar join forces - PES Media
The Hoffmann Group has signed an agreement with Iscar Ltd to offer the complete Iscar tool range throughout Europe. This partnership allows the Hoffmann Group to expand its product offering and provide targeted process solutions for machining tasks. Iscar, a leading manufacturer in the metal cutting tool market, will benefit from the Hoffmann Groups extensive customer support services. The partnership is expected to bring significant benefits to customers of both companies. The Hoffmann Group will supply the Iscar tools from its central warehouse in Nuremberg.
Partners
growth-positive
Israeli Metal Working Company Donates 20 Ventilators to Northern Hospitals
ISCAR, a metal cutting tools company based in northern Israel, has donated 20 ventilators to two Israeli hospitals in response to the Coronavirus (Covid-19) epidemic. The ventilators are intended to help treat critical patients experiencing severe respiratory distress. The company also purchased masks and protective eyewear for medical staff and their families. ISCAR was founded in 1952 and in 2006, Warren Buffetts Berkshire Hathaway Inc. acquired a majority stake in the company for $4 billion.
PartnersCustomers
growth-positive
Iscar adds new sets of shims for TRIDEEP gundrills
Iscar has added a new range of shims to their TRIDEEP line, allowing for diameter increases on existing standard gundrills. The shims can be mounted under guide pads and provide the option of combining two shims to achieve the desired dimension and diameter enlargement. This enhancement allows for accurate hole diameters that were previously only attainable with special drills to be easily achieved with the existing gundrills.
Customers
growth-positive
מכונת מזומנים: הצצה נדירה למספרים המדהימים של ישקר - ואיך החזיר באפט את ההשקעה
המאמר מדבר על ישקר, החברה המפתיעה במכונות מזומנות שנרכשה על ידי ברקשייר. החברה גדלה בקצב מהיר וכיסתה את ההשקעה בה. המאמר מתעקש על ההנהלה המצליחה של החברה ובעיקר על יעקב הרפז, המנהיג שלה. המאמר מתייחס גם לשאלה מה יקרה לישקר לאחר פרישתו של הרפז או לאחר לכתו של באפט בן ה-89.
CustomersInvestment
growth-positive
Supporting bearing designs with advanced machining solutions
Iscar provides comprehensive solutions for bearing applications with efficient tools for parting, trepanning, grooving, profiling, and turning operations. The demand for bearings is increasing in industries such as automotive, machine production, electrical appliances, construction, infrastructure machinery, aviation, and power generation. Iscars advanced machining solutions can ensure maximum performance, efficiency, and precision in bearing design. The company offers multi-corner inserts and parting systems that reduce production costs and increase competitiveness. Iscars turning division provides a variety of geometries and carbide grades for finish-turning operations of hardened bearing rings. Iscars V-Lock and FTB inserts address wide-profiling operations on multi-spindle machines.
CustomersPartners
growth-positive
Buffett exercising option to buy Iscar outright
Warren Buffetts Berkshire Hathaway is acquiring the remaining 20% stake of Israeli precision cutting tools company Iscar from the Wertheimer family for $2.05 billion. This doubles Iscars valuation in seven years. Berkshire Hathaway had previously acquired 80% of IMC Group, the main company of Iscar, in 2006 for $4 billion, making it the largest acquisition of an Israeli company at the time. Iscar, founded by Stef Wertheimer, is a privately held company with estimated 2011 sales of $3 billion. It is one of Israels leading companies and employs around 2,500 people in Israel and 7,500 employees worldwide. Financial details of Iscar are not available due to its private status.
Acquisition
Warren Buffett Invested In ISCAR;ISCAR's Founder Is Investing In Peace
