Company Profile

J&R Magnetics has been delivering high quality Industrial Electromagnetic solutions since the 1920's, and is a Jones & Rickard Group company.

Committed to your Business Needs

As a Jones & Rickard Group company,  we have been designing, manufacturing and servicing Electromagnet Systems from our Sydney Headquarters for almost 100 years. As a family company, our values centre on delivering on our promises, and not giving up until we solve your problem. Our teams in Smithfield and Unanderra, through their long term tenure with the group, have developed expertise both in the Electromagnet discipline and in the Steel, Recycling and Materials Handling industry segments.


A brief history of J&R Magnetics:

1926 - Founded by Bill Rickard and Varcoe Jones in Sydney, to repair electric motors

1934 - Began design & manufacture of Scientific Electromagnets for local universities and small Magnets for Plate Lifting

1945 - Developed & patented a system of Dynamic Balancing

1950 - Began manufacturing Electric Motors for Mining

1956 - Moved to larger premises in Waterloo, Sydney

1960 - Phil Rickard takes over as M.D. upon the retirement of Bill Rickard

1967 - Began designing & manufacturing large Electromagnets for the Steel Industry including Ball Magnets & Slab Lifting Magnets

1974 - Justin Rickard takes over as M.D. upon retirement of Phil Rickard, also developing Frequency Changers for aviation & critical power

1980's - Now one of Australia's largest Rotating Machine service companies with a presence in each state

1998 - Board agrees to sell the majority of the Rotating business to Global Giant ABB
           - Electromagnet and Dynamic Balancing operation relocates to Smithfield, Sydney

2012 - Justin Rickard retires, Peter Hackney & Arthur Steed manage the Operation

2014 - Board conducts a Strategic review, invests to grow

2015 - Peter Hackney retires, remaining involved on a consulting basis.
           - Rod Abell joins as General Manager, and Michael Sears is promoted to Operations Manager                                                                                          

2016 - After 37 years of part ownership, the Jones & Rickard Group acquires the balance of Dynelec,marching forward on the Strategic Growth Plan
           - Rod Abell becomes Chief Executive Officer of the Jones & Rickard Group

2021 - J&R acquires Kingsmann Engineering, a niche Steam Turbine overhaul specialist. The business is integrated into our Smithfield facility, led by Michael Sears.

2022 - Steam Turbine specialist, Mitchell Donnelly, joins the Group after seven years with Toshiba conducting power station turbine overhaul works. Mitchell leads our Steam Turbine team.

2023 - Rikki Papesch becomes CEO of Jones and Rickard Group 

2024 - Kris Musarevski becomes COO of Jones and Rickard Group 


The Jones & Rickard Group

The Jones & Rickard Group has been an Australian, family-owned Engineering business, for almost 90 years. Both Dynelec and J&R Magnetics are fully owned subsidiaries of the Jones & Rickard Group.



Dynelec is an Electrical specialist Delivering Reliability to Mining, Industry & Utilities by integrating Engineering, Workshop Manufacture, Overhaul and Testing, with Field Services.


Contact us today to find out how we can help you.