Mag-Torc
 | |
| Private | |
| Industry | |
| Fate | Still in Operation |
| Founded | 48.01.08E ACC |
| Founder | Kidra Mag |
| Headquarters | Torc Sodiir , |
Area served | International |
| Products | Endixar Class mining ship |
Number of employees | 10.3 million (14.06.12E ACC) |
Mag-Torc is an Andrastan conglomerate company which started as a mineral extraction company, but has since expanded its interests to become one of the largest companies in the Combine. Mag-Torc was founded during the 'Unification Era' in the city of Torc Sodiir, which at the time was the capital city of the Tarbikurn Congress. As of 14.06.12E ACC the company is worth approximately 48.2 billion Trell, making it one of the most valuable companies in the Combine.
Mag-Torc uses its own brand for marketing and does not trade under any other trademarks or brands, making it a rarity among Andrastan conglomerates. The company was owned Mag family until the end of the 10th Era when it was sold to investment bankers Uleth Ost and Hanra Vir, who began expanding the companies interests beyond mineral extraction and refining. Despite often being referred to as a corporation Mag-Torc remains a company under Andrastan law.
In 94.04.12E ACC Mag-Torc acquired Zeta Fabrikan, and incorporated its assets into the company structure, enabling Mag-Torc to begin developing and manufacturing its own star ship systems. Prior to this Mag-Torc had only ever designed and constructed reactors and power converters for space craft. Upon assimilating the Zeta Fabrikan manufacturing facilities and development departments Mag-Torc produced its first commercially available sublight drive, the MDD AX-3, in 04.05.12E ACC, and its first FTL drive, the SMC(12) AX-1, in 09.05.12E ACC.
Company Name
Mag-Torc took its name from the family name of its founder, Kidra Mag, and the city in which it was based, Torc Sodiir. This method of naming was fairly common for companies within the Tarbikurn Congress at the time, largely due to tax criteria which favoured family owned local businesses. When the company was sold to the ancestors of its present owners, Uleth Ost and Hanra Vir, in 73.16.10E ACC during the tumult of unification under the Authority the name was retained in large part due to the fact that Mag-Torc had become a well regarded and trusted brand. Such was Mag-Torc's reputation for the reliability of its goods that the soldiers who had fought against the Tarbikurn Congressional Army during the War of Unification had regularly tried to capture Mag-Torc manufactured cargo crawlers and logistical vehicles intact for their own use. According to the official history of Mag-Torc provided on the multi-net page Marshal Judir Lum of the Authority's First Junta, was particularly crucial in the decision to keep the Mag-Torc name, after he referred to the Mag-Torc HDCC BM-5 cargo crawler as "The only reason the TCA (Tarbikurn Congressional Army) managed to hold off the Authority as long as they did."
History
Mag-Torc was founded in Torc Sodiir by Kidra Mag in 48.01.08E ACC. Mag had made the money he invested in establishing the business by selling war bonds for the Tarbikurn Ministry for War, something for which he had received a 5% commission per bond sold, provided he sold more than fifty per month. Kidra Mag was well known in Torc Sodiir for the highly successful and notably garish Bond Rallies he had organised throughout his adult life, and had formed an agreement with a number of local mine owners to purchase their mines once he had the funds. Prior to the formation of Mag-Torc Kidra Mag had worked for his father-in-law's company which maintained industrial and cargo vehicles in marketing, though he was himself descended from a long line of iron miners. While he raised the funds necessary to buy out the mine owners he had also negotiated a deal to work as a mine supervisor for Thiba Ush of the Ush-Pen Mining Company - a company that would later be absorbed by Mag-Torc in 72.01.08E ACC.
During Kidra Mag's tenure as the director of the company Mag-Torc grew to become the third largest mining company in the Tarbikurn Congress and had begun the process of establishing itself as a steel and brass manufacturer. The company was inherited by Mag's eldest daughter Ydira Mag up his retirement in 89.01.08E ACC, and Ydira would continue to expand Mag-Torc's industrial assets essentially building its fledgling mineral refinement assets from the ground up. The next three generations of the Mag family (Idril, Namur, and Ostla) were all highly ambitious and driven individuals who had been brought up working in low-end management positions within the company, and under their directorship Mag-Torc continued to grow in size and value well into the 2nd century of the 8th Era.
However the 86.02.08E ACC appointment of Lqaal Mag resulted in the company's first major controversy. Lqaal held the directorship of the company for four years before being ousted by his cousin Yanuu Mag in 90.02.08E ACC. During Lqaal's tenure a number of poorly judged investments and overly ambitious programmes saw Mag-Torc's profits dip sharply, additionally his response to the 87.02 crash in the value of refined hydrocarbons proved disastrous and wiped out an estimated 87% of the companies cash reserves, as he tried to maintain the value of hydrocarbons by buying up stock for above market value. The ousting of Lqaal Mag was subject to a great deal of media attention at the time and was seen as controversial due to claims by Lqaal that he had been forced to sign over the company under physical duress.
Notable Products
MDD AX-3 FTL Drive
The MDD AX-3 or Material Displacement Drive, Andra Xir, Proposal 3 was the very first sublight drive to be designed and manufactured by Mag-Torc. It was introduced to the commercial market in 04.05.12E ACC. Although its performance and efficiency were generally regarded as being mediocre, it drew praise for its reliability and safety. Constructed with numerous redundancies and designed to be integrated with other systems built by Mag-Torc in the decades since its first introduction the AX-3 has gained increased popularity, due to the system's longevity. AX-3 Drives are still in use today, mostly in second hand and legacy cargo haulers, or as a backup drive in more modern craft. Despite its enduring popularity on the second hand, salvage, and legacy market Mag-Torc no longer produces or supports the use of the AX-3. Already far from cutting edge when it first entered the market the company now considers it obsolete and warns against the drive's continued use.
In the last decade salvaged AX-3s have increased in value due to a surge in use on custom sublight racer craft. The AX-3 is now sought after for multiple reasons; its numerous redundant adaptors make it compatible with almost any system, the fact that it was intended to propel large and heavy cargo haulers give it a very high output when used on a light racer, and it can easily be tuned to 'run hot'. Newer drives may provide more power and efficiency than the AX-3 but few are as cheap and easy to repair with basic tools.
Most AX-3s are now legally regarded as 'Frankenstein' drives; meaning a drive that has been maintained using parts from numerous other drives, rather than through repair or replacement with new spares. Recent investigations suggest that as many as 43% are now maintained using non-standard parts or parts salvaged from drives of other models. Mag-Torc has consistently advised against this practice.
SMD(12) AX-1
The SMD(12) AX-1 or Spatial Manipulation Driver (12ly/j) Andra Xir, Proposal 1 was the first FTL drive to be designed and manufactured by Mag-Torc. It was introduced to the commercial market in 09.05.12E ACC. Designed by project lead, Andra Xir, who had previously worked on the MDD AX-3 sublight drive, it was revolutionary at the time as it manipulated the fabric of space in order to move the craft 12 light years per jump. While conventional FTL engines could reach further with a single jump they had long spool times, the use of spatial manipulation meanwhile allowed jumps to be made as quickly as the computer could calculate its jumps. Because it relied on sublight drives to propel the craft through the spatial manipulation the SMD(12) AX-1 was referred to as a System Driver rather than a jump drive.
Though revolutionary the AX-1 was quickly superceded by improved and more stable designs. It was clear early on that Spatial Manipulation was not the way forward technologically, as wear and rapid systems degradation were major issues that could not be overcome. Within eight years Mag-Torc ceased production and switched over to the more stable Spatial Fold and Spatial Shunt Drivers. The AX-1 was quickly retired in use and now only a handful remain in working order.
SFD(18) AX-5
The SFD(18) AX-5 or Spatial Fold Driver, (18ly/j), Andra Xir, Proposal 5 was the first ever Spatial Fold Driver to enter mass production, and the last project to be led by Andra Xir. It was introduced in 18.05.12E ACC.