Warren Buffett’s Berkshire Hathaway Inc. (BHI) reported net earnings attributable to Berkshire shareholders of $9.433 billion in the first half of 2013, a 48% increase compared with the same period last year. BHI owns a number of diverse businesses including insurance, freight rail transportation, utilities and energy, finance, services and retailing, and manufacturing. The manufacturing arm of the company includes IMC International Metalworking Companies (Iscar), an industry leader in the field of cemented carbide (hardmetal) metal cutting tools. BHI chairman is billionaire Warren E Buffet with Charles T Munger acting as vice-chairman.
Investment in the cemented carbide sector

Warren Buffett made the decision to invest in the metal cutting tool sector seven years ago when BHI bought 80% of IMC (Iscar) for around $5 billion from the Wertheimer family which founded the business in Israel 60 years ago. It was the first acquisition by BHI outside of the United States. The Israeli carbide producer based in Tefen, northern Israel, soon made positive contributions to BHI financial results. Although IMC is not obliged to make public its financial results, it is estimated to have achieved sales of more than $3 billion in 2011 with profits close to $1 billion, more than twice what they were in 2005.

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The new material possesses excellent bullet-proofing qualities, and ballistic tests has proved its unequalled ability to stop armour-piercing bullets, according to Exote.

Exote says that the new material is as ecological alternative as WC-Co tungsten carbide, which contains tungsten carbide and cobalt, both of which are defined by the EU as critical.

The material withstands high temperatures and has high-level strength and durability, Exote claims. The metal is ideal for the manufacture of crusher blades and shear cutters, as well as exacting product tools. In ballistic protection it can be used for both personal and vehicle protection.

VTT and Exote Ltd have carried out further development on the material Exote has in production through the use of nano additives, which enable changing its toughness and hardness according to intended use.


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Five Star Tool, has built a reputation for making exceptional custom CNC carbide cutting tools and is now saving manufacturing companies thousands by re-sharpening their used carbide cutting tools. Utilizing cutting edge software and carbide coatings, Five Star Tool is now able to increase the life expectancy of standard tungsten carbide cutting tools by 5 times over the original manufacturer recommendations. This Five Star Tool’s Edgemaster resharpening program is designed to provide CNC manufacturing companies an “Edge” over their competition.

Traditional CNC manufacturing companies typically dispose of used worn out carbide cutting tools costing them hundreds of dollars to replace. The innovative recycling process is designed to handle all types of cutting tools including Profile Cutters - Ball End Mills - Carbide End Mills - Variable Lead/Helix End Mills Center Drills – Centers - Corner Rounding End Mills – Counterbores - Countersinks Key Cutters - Milling Centers - Taper Shank Drills - Roughing End Mills - Saws Carbide/HSS - Spade Blades - Spade Drills - Spot Drills - Step Drills - Taper Ball End Mills - Taper End Mills - H.S.S. End Mills Crest Cut End Mills. Recycling these used cutting tools is now helping manufacturing companies save over 60% in their manufacturing process.

Once the carbide cutting tools arrive to the Rochester, NY recycling center they are sorted, processed and labeled. They are then returned to the customer in specially designed foam containers after passing a carefully inspection. Remarkably, this complete process is guaranteed to be completed within 10 days from arrival.

Five Star Tool is a privately-held, certified leader distributing solid carbide cutting tools throughout the United State for the aerospace, medical, and automotive industries. For more information or to get in touch with a representative, contact Five Star Tool at (585) 328-9580 or visit the company website at http://www.fivestartool.com to learn more.


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Allegheny Technologies Incorporated (NYS: ATI) announced today that it has reached an agreement to sell its tungsten materials business to Kennametal Inc. (NYS: KMT) for $605 million. The transaction, which is subject to customary closing conditions and regulatory approvals, is expected to be completed during the fourth quarter 2013. As a result of this agreement, ATI will report the financial results of the tungsten materials business in discontinued operations pending completion of the transaction.

The tungsten materials business, called ATI Tungsten Materials, is part of ATI's Engineered Products segment. ATI's tungsten materials business has approximately 1,175 employees and produces tungsten powder, tungsten heavy alloys, tungsten carbide materials, and carbide cutting tools. For the year ended December 31, 2012, ATI's tungsten materials business generated total net revenue of $338.6 million, operating profit of $37.2 million, and EBITDA of $45.3 million.


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