Ajax Tocco Magnethermic Corporation designs and manufactures a variety of induction heating and melting equipment. It offers furnaces and ovens for the beverage and food industry. The corporation also provides a range of induction power equipment for heating and melting applications. Ajax Tocco Magnethermic Corporation serves the pipe, tube, forging, strip heating and melting markets. It offers laboratory process development, installation, and repair and maintenance services. The corporation provides equipment spare parts and accessories. In addition, Ajax Tocco Magnethermic Corporation supplies pre-owned equipment. The corporation maintains manufacturing facilities and support centers throughout the United States, China, Korea, Japan and Canada. It is a subsidiary of Park-Ohio Holdings Corporation.