International Metalworking Companies
Encyclopedia
IMC International Metalworking Companies B.V. (Iscar Metalworking Cos. or the IMC group of companies) is one of the world's largest holding companies for metalworking products. As part of Berkshire Hathaway
, IMC operates Iscar
, TaeguTec
, Tungaloy, Ingersoll and more in over 50 countries. IMC member companies have secured management control over themselves. Today, IMC has 140 subsidiaries in 65 countries.
's Berkshire Hathaway
acquired 80% of IMC for US$5 billion in May 2006, which became the largest corporate deal ever in Israel's history. Mr Buffett personally attended the inauguration of a manufacturing plant in Dalian
, China
, after which he flew to Taegu, Korea
to visit TaeguTec
, the largest cutting tool supplier in the Far East
and one of the largest companies within IMC. His plan to visit Tungaloy Corporation in Japan was cancelled due to the Tsunami.
Berkshire Hathaway
Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States, that oversees and manages a number of subsidiary companies. The company averaged an annual growth in book value of 20.3% to its shareholders for the last 44 years,...
, IMC operates Iscar
ISCAR Metalworking
Iscar Metalworking is the largest company of IMC and one of the largest toolmaking companies in the world. The company was founded in 1952 in a wooden garage behind the home of Stef Wertheimer in Israel...
, TaeguTec
TaeguTec
TaeguTec Ltd. , formerly known as Korea Tungsten Co. , is a multi-national corporation headquartered in Daegu, Korea. It is the largest cutting tools manufacturer in the Far East, also Korea’s largest manufacturer of tungsten cutting tools and hard metal tools with the only integrated tungsten...
, Tungaloy, Ingersoll and more in over 50 countries. IMC member companies have secured management control over themselves. Today, IMC has 140 subsidiaries in 65 countries.
Berkshire Hathaway family
Warren BuffettWarren Buffett
Warren Edward Buffett is an American business magnate, investor, and philanthropist. He is widely regarded as one of the most successful investors in the world. Often introduced as "legendary investor, Warren Buffett", he is the primary shareholder, chairman and CEO of Berkshire Hathaway. He is...
's Berkshire Hathaway
Berkshire Hathaway
Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States, that oversees and manages a number of subsidiary companies. The company averaged an annual growth in book value of 20.3% to its shareholders for the last 44 years,...
acquired 80% of IMC for US$5 billion in May 2006, which became the largest corporate deal ever in Israel's history. Mr Buffett personally attended the inauguration of a manufacturing plant in Dalian
Dalian
Dalian is a major city and seaport in the south of Liaoning province, Northeast China. It faces Shandong to the south, the Yellow Sea to the east and the Bohai Sea to the west and south. Holding sub-provincial administrative status, Dalian is the southernmost city of Northeast China and China's...
, China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
, after which he flew to Taegu, Korea
Korea
Korea ) is an East Asian geographic region that is currently divided into two separate sovereign states — North Korea and South Korea. Located on the Korean Peninsula, Korea is bordered by the People's Republic of China to the northwest, Russia to the northeast, and is separated from Japan to the...
to visit TaeguTec
TaeguTec
TaeguTec Ltd. , formerly known as Korea Tungsten Co. , is a multi-national corporation headquartered in Daegu, Korea. It is the largest cutting tools manufacturer in the Far East, also Korea’s largest manufacturer of tungsten cutting tools and hard metal tools with the only integrated tungsten...
, the largest cutting tool supplier in the Far East
Far East
The Far East is an English term mostly describing East Asia and Southeast Asia, with South Asia sometimes also included for economic and cultural reasons.The term came into use in European geopolitical discourse in the 19th century,...
and one of the largest companies within IMC. His plan to visit Tungaloy Corporation in Japan was cancelled due to the Tsunami.
IMC member companies
- CTMS
- Ingersoll
- ISCAR
- IT.TE.DI
- Kidan
- MasteRound
- Métaldur
- Microtools
- Outiltec
- TaeguTecTaeguTecTaeguTec Ltd. , formerly known as Korea Tungsten Co. , is a multi-national corporation headquartered in Daegu, Korea. It is the largest cutting tools manufacturer in the Far East, also Korea’s largest manufacturer of tungsten cutting tools and hard metal tools with the only integrated tungsten...
- Tungaloy
- Unitac Inc.
- UOP S.p.A.
- Wertec
- Zurim Tools