Tungaloy Corporation (株式会社タンガロイ, Kabushiki Kaisha Tungaroi) 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.[1] 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.[2]
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| Company type | Private |
|---|---|
| Industry | Machinery, Manufacturing |
| Founded | December 19, 1934 |
| Headquarters | , |
Area served | Worldwide |
Key people | Jacob Harpaz (Chairman) Satoshi Kinoshita (President & CEO) |
| Products | Metal cutting tools, steel products, wear resistant tools, civil engineering tools, and friction materials |
| Parent | International Metalworking Companies |
| Website | http://www.tungaloy.com |
History
editAugust 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.[3] 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.[1] 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.[2]
Products
editMetal cutting tools, steel products, wear resistant tools, civil engineering tools, and friction materials.[4]
Serving industries
editAutomobile, construction, die and mould, aerospace, infrastructure, oil and gas, medical, and power, rail and shipbuilding.[4]
International plants and offices
editJapan, 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.[4]
See also
editReferences
edit- ^ a b Japanese recruit site
- ^ a b 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.
- ^ Buffett unit to buy Japanese tool maker Tungaloy. Reuters. Retrieved March 05, 2014.
- ^ a b c Tungaloy Website
External links
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