Tungaloy Corporation

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]

Tungaloy Corporation
TypePrivate
IndustryMachinery, Manufacturing
FoundedDecember 19, 1934
Headquarters
Iwaki, Fukushima
,
Japan
Area served
Worldwide
Key people
Jacob Harpaz (Chairman)
Satoshi Kinoshita (President & CEO)
ProductsMetal cutting tools, steel products, wear resistant tools, civil engineering tools, and friction materials
ParentInternational Metalworking Companies
Websitehttp://www.tungaloy.com
Tungaloy Corporation HQ in Iwaki

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.[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

Metal cutting tools, steel products, wear resistant tools, civil engineering tools, and friction materials [4]

Serving Industries

Automobile, construction, Die and Mould ,aerospace, infrastructure, oil & gas, medical, and heavy industries (power, rail and ship building) [4]

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 [4]

See also

References
  1. Japanese recruit site
  2. 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.
  3. Buffett unit to buy Japanese tool maker Tungaloy. Reuters. Retrieved March 05, 2014.
  4. Tungaloy Website
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