Tungaloy Corporation HQ in Iwaki is a company that specializes in production and sales of metal cutting tools as well as industrial products. Headquartered in

Iwaki, Fukushima is a city located in Fukushima Prefecture, Japan. , Iwaki had a population of 337,765 in 143,500 households, and population density of 270 persons per km2. The total area of the city is , making it the largest city in the prefecture and the 10th ...

, 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 International Metalworking Companies B.V., otherwise known as IMC Group, is the second largest company for metalworking products. With 14 member companies, today IMC supplies carbide metalworking tools. Together they produces a wide range of car ...

(IMC), which is owned by

Berkshire Hathaway Berkshire Hathaway Inc. () is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. Its main business and source of capital is insurance, from which it invests the float (the retained premiu ...

. 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 Warren Edward Buffett ( ; born August 30, 1930) is an American business magnate, investor, and philanthropist. He is currently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors in the world and has a net ...

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
/ref> 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
/ref>

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.

References

External links