Eitan wertheimer iscar metals

My first technical education was from him and Popular Mechanics. Lloyd: Do you see radical changes in the cutting tool field? Eitan: It has several forces. Then you have the issue of the machines, then the issue of the application. In the past we used to do rough machining and the whole form. It still will take five to 10 more years to really understand how material behaves.

Lloyd: Do you think that the high price of nickel, which affects stainless steel, will push more people towards different kinds of materials? Eitan: It depends. Certain places need certain material strengths and I think you can get some of it through the geometry, the material or a combination. I think a lot of industries are throwing a lot of material away and they want to be able to throw away less.

Eitan: You buy one pound of material. How many parts of the pound will fly? How much do you buy and how much will really be the end product. This could have a big effect longer term on the cutting tool business and on the materials used. Eitan: I doubt it, because I think the metal wants to be alloyed, to come together in certain processes. I think the printing process is very expensive, but it has a lot of flexibility from a geometrical point of view.

For a short series it could work. Lloyd: Talking about quality, I saw that you recently built a plant in China. Do you worry about losing control over your intellectual property? Eitan: Look, worry is a part of life. I mean a lot of people overcome fears by inventing new fears. The only way we have a chance to be the best in intellectual property is to keep on inventing.

China is not yet there, but it will be one day. In the past it was much more difficult. LG: But we also live in a dangerous world. In Israel a year ago bombs were dropping on you. What happened to the factory during the war? Eitan: We sent half the people to Tel Aviv and kept on working. NG: But you moved half the people? Eitan: First of all, we have a lot of automation.

Second, other people just worked harder and they loved it because they wanted to show what we can be. The other element is that Israel is only one-third of our workforce. Of course, we knew something could happen one day. And I must tell you, in the war we lost two cars. On a normal day, somebody could have an accident and we might lose two cars.

But everybody came home healthy. I have no idea. I have no way to judge yes or no. But we do a lot of activity with Israeli Arabs. Our factory is a totally mixed factory.

Eitan wertheimer iscar metals

For 50 years we have had wonderful relations. Industry and economy can be twofold peacemaking. Eitan: Tension brings creativity. Lloyd: Do you have investments in India? Eitan: We have very big market share in India with a very nice factory in Bangalore growing leaps and bounds. We also have another partnership in Pune. Lloyd: What has been the best part about your business relationship with your father?

Eitan: The main thing — respect. The Jewish Press — JewishPress. Israel News Talk Radio. Bring Them Home. Yishai Fleisher Show. Goldstein on Gelt. Share this article on WhatsApp:. Share on Facebook. Hezbollah Rocket Kills One in Nahariya. Latest News Stories. News Briefs. He leaves his wife, the artist Ariela Wertheimer, and five children. The family became one of the wealthiest in Israel following the sale of Iscar, which was founded as a small factory in Nahariya in the s, and became one of the leading companies in the world for metalworking tools.

In , when Berkshire Hathaway bought control of Iscar, Eitan Wertheimer told the press that it had taken ten minutes in a personal call with Warren Buffett to conclude the principles of the deal. Wetheimer said in the same interview, "As part of this entity [Berkshire Hathaway] we can double ourselves. It gives huge international recognition, and means that I won't have to explain to customers, which are major companies, who and what we are and that we'll be around tomorrow as well.

There are things that are easier to do together with him.