Ajax TOCCO Magnethermic Corp.

What Ajax TOCCO Magnethermic Corp. does

Ajax TOCCO Magnethermic Corporation, founded in 1916 and headquartered in Warren, Ohio, designs and manufactures industrial induction heating and melting equipment. The company is a wholly-owned subsidiary of Park-Ohio Holdings Corp. (NASDAQ: PKOH) and operates approximately 20+ global facilities across 15 countries, employing roughly 600 people. Its product portfolio spans proprietary solid-state power supplies (Inductron II, Pacer II, Pacer HF, TOCCOtron AC, EMMEDI MosWeld SiC), heating and billet systems (PowerZone, PowerForge), specialty furnaces (channel furnaces up to 135+ tons, coreless melting furnaces, bright annealing furnaces), heat-treating equipment (Vertical Induction Scanner with Magnescan QS control), welding systems, and large-scale 18MW-class industrial furnaces. Core technology uses electromagnetic induction to generate heat directly in metal via induced electrical currents, with the company designing and manufacturing all power supplies in-house and maintaining a full-time R&D program.

Name

Ajax TOCCO Magnethermic Corp.

Legal name

Ajax TOCCO Magnethermic Corporation

Website

https://ajaxtocco.com

Company type

Private

Founded year

1916

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Ajax TOCCO Magnethermic, founded 1916 and a subsidiary of Park-Ohio Holdings (PKOH), designs and manufactures proprietary induction heating and melting equipment—including power supplies, furnaces, billet heaters, and welding systems—for global steel, automotive, aerospace, and pipe/tube manufacturers, with 20+ service locations across 15 countries.

Ownership category

akta.pro rank

Product category

Industrial Induction Heating Equipment

NAICS

Heating Equipment (except Warm Air Furnaces) Manufacturing (333414), Power Boiler and Heat Exchanger Manufacturing (332410), Electrical Equipment Manufacturing (33531), Relay and Industrial Control Manufacturing (335314)

SIC

Industrial Process Furnaces & Ovens (3567), Metalworkg Machinery & Equipment (3540), Electrical Industrial Apparatus (3620), Heating Equipment, Except Electric & Warm Air Furnaces (3433), Electronic Coils, Transformers & Other Inductors (3677)

akta.pro primary industry

Heat Treatment & Thermal Processing Furnaces (Hardening, Annealing, Induction) (IMAHADAI)

akta.pro secondary industries

Power Electronics for Industrial Heating (Induction/dielectric heating power supplies) (IMAGADAK), Welding & Plasma Power Supplies (Industrial welders, cutting power sources) (IMAGADAI), Boilers, Furnaces & Process Heating Equipment (IMAHAKAD), Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC)

Keywords

• Induction heating equipment
• Induction melting furnaces
• Industrial power supplies
• Heat treatment systems
• Metal processing equipment

Headquarters

HQ city

Warren

HQ country

United States

HQ region

North America

Offices22 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Induction Heating and Melting Equipment Sales: Primary revenue from manufacturing and selling new induction heating equipment, melting furnaces, power supplies, and associated systems. Products include coreless induction furnaces, channel furnaces, billet heating systems, scanners, weld preheat systems, and strip heating equipment.
2. Aftermarket Parts and Service: Recurring revenue from spare parts, coil repair and reconditioning, field services, preventative and predictive maintenance programs. The company maintains large spare parts inventory and offers 24/7 customer support.
3. Factory-Certified Used Equipment: Sale of refurbished pre-owned heating and melting equipment, both Ajax TOCCO branded and non-branded, that has been through rigorous refurbishment process.
4. Lab Services and Process Development: Technical services including laboratory process development, metallurgical support, and engineering services for custom applications.
5. Training Programs: Operation and maintenance training programs delivered in-house, on-site, or web-based covering power systems, basics of induction, and metallurgy.
6. Retrofit and Upgrade Services: Modernization and upgrade services for existing induction equipment including new controls and components.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Core offering

Ajax TOCCO Magnethermic designs, manufactures, and services industrial induction heating and melting equipment for global metalworking industries. Its portfolio spans solid-state power supplies (Inductron II, Pacer II, Pacer HF), billet and forging heating systems (PowerZone, PowerForge), induction melting furnaces (channel and coreless), heat treating scanners, HFI welders, and a full aftermarket parts, field service, training, and retrofit offering. All power supplies are designed and built in-house, with a full-time R&D program and global application engineering support.

Product overview

Ajax TOCCO Magnethermic offers a comprehensive portfolio of induction heating and melting solutions organized around core power supply platforms (Inductron II, Pacer II, Pacer HF), integrated heating/billet systems (PowerZone, PowerForge, TOCCOtron AC), specialty furnaces (Channel Furnaces, Coreless Induction Furnaces, Bright Annealing Furnace), heat treating equipment (Vertical Induction Scanner, Temper Ovens), welding systems (EMMEDI MosWeld SiC, Twin Floating Inductor Weld Preheat System), and industrial processing equipment (Hot-Dip Galvanizing Pots, 18MW Induction Furnace). These products are supported by proprietary components (Jet-Flow Channel Inductors, Induction Coils) and control systems (Magnescan QS). The company designs and manufactures all power supplies in-house and maintains a full-time R&D program for continuous technology advancement.

Differentiator

Problem solved

Functional benefit

Products and services

• Inductron II Power Supply Solid-state induction heating power supply available in 100-250 kW ratings and 1-10 kHz frequencies with digital meters and microprocessor logic controls. Sold to industrial customers for forging, heat treating, and melting applications.
• Pacer II Power Supply High-power solid-state induction inverter system available from 100 kW up to 4500 kW with frequency range from 200 Hz to 100,000 Hz, used for pipe heating, FBE coating, strip heating, and large-scale melting furnaces.
• Pacer HF IGBT Power Supply IGBT-based solid-state power supply providing 100 kW to 4,000 kW with frequency range of 200 Hz to 100,000 Hz, used for bar heating and other high-power industrial applications.
• PowerZone Billet Heating System Multi-frequency induction billet heating system with automatic frequency changing for varying billet sizes, featuring ForgeView Plus Software with PLC and touchscreen interface. Sold to forging and metal processing customers.
• PowerForge Billet Heating System Induction billet heating system with coil shuttle table for automatic changing of coils and frequency for differing billet sizes, featuring ForgeView Plus Software. Used by forging operations.
• TOCCOtron AC Induction Heating System Air-cooled portable induction heating systems available in 5-35 kW configurations for on-site preheat and maintenance applications including weld preheating, bearing/sleeve shrink fitting, and bolt heating.
• Jet-Flow Channel Inductors Proprietary channel inductors (450 kW to 2,500 kW) operating at full rated power 24 hours per day throughout inductor life, providing maximum controlled metal circulation for uniform chemistry and temperature in molten baths.
• Vertical Channel Furnaces Vertical channel induction furnaces for liquid iron and ductile iron holding, available in capacities up to 135+ tons and equipped with Jet-Flow twin loop inductors for uniform molten bath chemistry and temperature.
• Coreless Induction Furnaces Medium frequency coreless induction melting furnaces for ferrous and non-ferrous metals including precious metals, available in various capacities (e.g., 100 kg and 800 kg steel frame units) with Pacer converter power supplies.
• 18MW Induction Heating Furnace Large-scale 18MW induction heating furnace with 12 solenoid induction coils and six 3000 kW Pacer II inverters for in-line pipe heating at up to 60 MTPH capacity, serving steel pipe manufacturers.
• Vertical Induction Scanner Dual-spindle servo-controlled vertical scanner for induction hardening with rotary index table, featuring Magnescan QS control system and integral quench recirculating system. Used by heat treating operations.
• Temper Ovens Direct gas-fired temper ovens with maximum operating temperature of 250°C, uniformity of +/- 5°C, continuous belt conveyor, and PLC touch screen control. Designed for tempering of automotive components such as CV joints.
• EMMEDI MosWeld SiC HFI Welder High-frequency solid-state induction HFI welder using Silicon Carbide (SiC) Mosfet transistors, requiring only 4 semiconductors per 100 kW versus 36 traditional Mosfet transistors. Output power exceeds 800 kW with frequency range of 150-500 kHz for tube manufacturing.
• Twin Floating Inductor Weld Preheat System Twin bead floating inductor weld preheat system for simultaneous heating of multiple weld points using the SAW submerged arc weld process, with PID-controlled non-contact infrared temperature feedback. Used for heavy fabrication weld preheating.
• Hot-Dip Galvanizing Pots Hot-dip galvanizing coating pots with 350-ton capacity, equipped with Jet-Flow inductors for galvanized steel strip production, available in static and mobile configurations with hydraulic lift platforms.
• Bright Annealing Furnace Hydrogen atmosphere induction heating and cooling system for stainless steel tube bright annealing, using a 75 kW Pacer T IGBT induction power supply, capable of processing 0.25 inch to 0.625 inch OD tubing.
• Portable Induction Bolt Heating Systems Portable 5-35 kW induction heating systems for thermal expansion of large bolts and heavy hex nuts during gas turbine and industrial maintenance operations.
• Magnescan QS Control System State-of-the-art induction control system with coil signature capability that accurately monitors all induction hardening parameters including energy, quench temperature, flow, and pressure for each spindle.
• Aftermarket Parts and Field Service Recurring aftermarket offering covering spare parts, coil installation, coil repair and reconditioning, field services, preventative and predictive maintenance, retrofit and upgrades for Ajax TOCCO and other makes of induction equipment. Includes 24/7 customer service and same-day spare parts shipping.
• Lab Services and Process Development Technical services including laboratory process development, metallurgical support, and engineering services for custom induction heating applications, delivered at the Madison Heights Development & Support Center Applications Laboratory.
• Operation and Maintenance Training Programs Operation and maintenance training programs covering power systems, basics of induction, and metallurgy, delivered in-house, on-site, or web-based to industrial customers.
• Factory-Certified Used Equipment Sale of refurbished pre-owned heating and melting equipment, both Ajax TOCCO branded and non-branded, that has been through a rigorous refurbishment process. Individual items are listed with fixed prices on the company website.
• Retrofit and Upgrade Services Modernization and upgrade services for existing induction equipment including new controls and components, performed across all support centers globally.

Quantifiable outcome

• Scale loss reduction from 3% (gas furnaces) to 0.5% (induction), resulting in 2.5% raw steel savings per ton of forgings
• +4 more outcomes

Named customers15 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature8 records

Partnerships

One partnership is on record.

• Park-Ohio Holdings Corp. (Parent Company)flagshipOthersAjax TOCCO Magnethermic is a subsidiary of Park-Ohio Holdings Corp. (NASDAQ: PKOH). As part of ParkOhio Industries, the company continues to innovate and serve customers with leading-edge technology and environmentally sustainable solutions. Parent company provides strategic oversight and access to capital for growth.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Inductotherm Group: Inductotherm is the largest global manufacturer of induction melting and heating equipment, directly competing with Ajax TOCCO across channel furnaces, coreless melting, and billet heating. Both serve foundries, steel mills, and forging operations with overlapping product portfolios.
• EFD Induction (a division of Illinois Tool Works): EFD Induction, owned by ITW, is a direct competitor in induction heating and heat-treating equipment, serving automotive, aerospace, and energy customers globally. Overlapping product lines in hardening scanners, billet heaters, and power supplies make it one of Ajax TOCCO's closest peers.
• Inductoheat: Inductoheat specializes in induction heat-treating and forging heating equipment, competing head-to-head with Ajax TOCCO in automotive and aerospace heat-treating applications, including scanner systems and billet heaters.
• Radyne Corporation: Radyne designs and manufactures induction heating systems for forging, heat treating, and pipe/tube manufacturing — overlapping substantially with Ajax TOCCO's PowerForge, PowerZone, and bar/billet heating product lines.
• Eldec (Schwarzkopf / EMAG group): Eldec manufactures induction power supplies, coils, and generators for brazing, hardening, and heating applications, primarily serving European automotive and aerospace customers. Comparable product architecture (induction generators, custom coils) makes it a relevant peer.

Regional players

• FLOHE GmbH / FLOHE Industrial Technologies: FLOHE is a European induction equipment manufacturer serving forging, casting, and heat-treating customers — a regional peer comparable to Ajax TOCCO's Hirschhorn and Leini European operations.

Broad incumbents

• Fives Group (Fives Celes / Fives ECL): Fives supplies industrial furnaces, induction heaters, and process equipment for steel, aluminum, and glass. It competes with Ajax TOCCO in melting and reheating furnace systems for metals producers globally.
• SMS group: SMS group is a global plant and machinery supplier for the metals industry, including integrated heating and heat-treatment solutions. While broader than Ajax TOCCO, SMS competes in induction and combustion-based heating for steel mills and pipe/tube producers.
• Andritz: Andritz supplies large-scale industrial heating and processing equipment for metals, including strip processing and heat-treatment lines. It competes with Ajax TOCCO in galvanizing, strip heating, and large-scale industrial furnace applications.

Emerging players

• UltraFlex Power Technologies: UltraFlex specializes in solid-state induction heating systems for smaller-scale and precision applications, overlapping with Ajax TOCCO's TOCCOtron portable and lower-power offerings for brazing and preheating.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/user/ajaxtoccomagnetherm
• LinkedInlinkedin.com/company/ajaxtocco-magnethermic

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ajax TOCCO Magnethermic Corp.