Economy
Tool Story
One of the largest cutting tool companies in the world began as a kitchen-table operation in a remote part of Israel
Stef Wertheimer is the founder of Iscar Metalworking, which began operations in 1952 as a one-man tool shop in northern Israel. Today, Iscar is a multinational business, 80 percent of which was purchased in 2006 by Warren Buffett's Berkshire Hathaway Co. In a wide-ranging interview with Cutting Tool Engineering Editorial Director Alan Rooks, Wertheimer recounts the history of Iscar and his project of developing industrial parks throughout the Near East.
Focus: Kennametal
Cutting Tool Engineering Editor Alan Richter sat down with Carlos Cardoso, the chairman, president and CEO of Kennametal Inc., at the recent IMTS 2008 show in Chicago.
The 7-minute report addresses Kennametal's goals for diversification and expansion globally, and how that has impacted the company's worldwide sales. Cardoso also notes tht Kennametal will continue co-development tools with others because that's what's best for customers.
And find out whether Cardoso sees any major acquistions or mergers in the near future for the industry.
Machining components for solar power generation
Machining components for solar power generation systems can be a renewable source of business. Included online is a video report from the National Renewable Energy Laboratory. For the cover story, "Here Comes the Sun," published in the February 2010 issue of Cutting Tool Engineering magazine, click here.
Expanding capabilities
The Cavalier Tool Co. expanded its capabilities for producing small- and medium-sized molds by investing in new machinery such as Makino's a92 machining center.
Workforce 2021 Readiness Assessment unveiled at imX
Jeannine Kunz, director of professional development at ToolingU for the Society of Manufacturing Engineers, offers a walk-through of the society's Workforce 2021 Readiness Assessment tool. Unveiled at imX, the tool is intended to help manufacturers assess what steps they may need to take to help fill the gab in highly skilled workers.