Shafir Production Systems: The precision in production could slash fuel costs.
Iscar Ltd. subsidiary Shafir Production Systems Ltd. will unveil at 19th International Exhibition for Technology Developments 2007computerized production systems, including a robot for sharpening jet engine turbine blades that it developed for Rolls-Royce (LSE: RR). Shafir said the system could cut airfares. The company said the precision in production could slash fuel costs, savings that airlines could pass onto passengers.
The 2007 Technology Developments Exhibition is sponsored by the Ministry of Industry, Trade and Labor, the Manufacturers Association of Israel and other business groups. The exhibition will be held at the Tel Aviv Exhibition Grounds in June.
Berkshire Hathaway Inc. (NYSE:BRK.A; BRK.B) owns 80% of Iscar and the Wertheimer family owns 20%. Jet engine manufacturer Rolls-Royce owns 25% of Iscar sister company Blades Technology Ltd., along with Boeing Co. (NYSE:BA) with a 25% stake, and the Wertheimer family.
Published by Globes [online], Israel business news - www.globes.co.il - on March 27, 2007
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