An apparatus may comprise a first tool die and a second tool die, each having a tool base. Each tool base may have a laminated structure that has a plurality of spaced metallic laminations. The laminated structure may have a truncated portion forming a cavity configured to receive a tool insert, and at least one opening for receiving an induction coil. The first tool die and the second tool die may also have a tool insert configured to be received in the cavity of the tool base. The tool insert may have a die susceptor capable of being heated by the induction coil. The apparatus may also have an actuator for moving the first tool die and the second tool die toward one another for forming a component between the die susceptor of the tool insert of the first tool die and the die susceptor of the tool insert of the second tool die.