is a company that specializes in production and sales of metal cutting tools as well as industrial products. Headquartered in Iwaki, Fukushima, Japan, it was the first company in the country to succeed in developing superhard alloy. Tungaloy is a member of the International Metalworking Companies (IMC), which is owned by Berkshire Hathaway. In November 2011, the company celebrated the opening of its new production facility in Japan; as the Chairman, President, and CEO of Berkshire Hathaway, Warren Buffett took part in the ceremony.Berkshire Hathaway Chairman Warren E. Buffett Suggests Open Communications, Marketing Savvy, and a Strong Value Proposition Are Keys to Success in Today's Global Economy Business Wire. Retrieved February 17, 2014.
History August 2008 marked a turning point for the company, as Tungaloy became a member of the International Metalworking Companies (IMC), owned by Warren Buffett’s Berkshire Hathaway.Buffett unit to buy Japanese tool maker Tungaloy. Reuters. Retrieved March 05, 2014. This acquisition led to rapid installation of latest machinery and automation in its production facilities as well as advanced its R&D laboratories. In 2010, Tungaloy’s headquarters, marketing, production, and R&D functions gathered in Iwaki, Fukushima in Japan to streamline communication channels and improve synergy between the departments.Japanese recruit site The company celebrated the opening of its new production plant in 2011 with the presence of Warren Buffett, which turned into his first visit to Japan.
Products Metal cutting tools, steel products, wear resistant tools, civil engineering tools, and friction materials.Tungaloy Website
Serving industries Automobile, construction, die and mould, aerospace, infrastructure, oil and gas, medical, and power, rail and shipbuilding.
International plants and offices Japan, US, Canada, Mexico, Brazil, Germany, France, Italy, Czech Republic, Spain, Sweden, Russia, Poland, UK, Hungary, Turkey, the Netherlands, Croatia, China, Thailand, Singapore, Vietnam, Indonesia, India, South Korea, Malaysia, and Australia.
See also International Metalworking Companies Berkshire Hathaway Warren Buffett
References
External links Tungaloy Corporation Website