MagComp AB is a research-intensive SME and leading supplier of energy efficient industrial induction heating systems. MagComp is working in close cooperation with customers to improve their competitiveness, using its knowledge, experience and innovative ability in the area of advanced magnetic materials and their applications. MagComp’s Induction heating system is highly efficient with a total efficiency of approx. 90% with main applications heating of band, rollers and components in manufacturing industry. In THERMACH MagComp will use knowledge, competence and systems to design induction heating adopted for the machining operation. MagComp also provides power units to the application designed induction heaters for test and validation in at both university and industrial project partners.