New and expanding: TRICON anticipates 15 to 20 percent growth in coming years

Birmingham-based TRICON Wear Solutions provides advanced wear-resistant solutions that reduces its customers’ downtime and improves their bottom-line. The company exists to increase productivity by fighting wear.

TRICON provides wear solutions for industries including mining and minerals, pulp and paper, road construction and recycling. Since its inception in Birmingham 50 years ago, TRICON has grown to 176 employees and added 12 last year, landing the company on the Birmingham Business Alliance’s New and Expanding Industry List. TRICON anticipates a 15 to 20 percent growth in its product line over the coming years and will continue to add jobs, including 20 more jobs expected to be added this year. The company is currently hiring, Terakedis said.

“From a broad standpoint, we make the world a more efficient place,” said David Terakedis, director of operations for the company. “We are passionate about what we do and innovation we’re able to achieve within our market.”

TRICON services customers across the world and has three facilities across the United States. Its home base is in Birmingham, and additional facilities are in Chicago and Elko, Nev.

“We have a very strong presence here in the Southeast,” Terakedis said. “[Birmingham] is our anchor and we have grown the business from here. There’s an abundance of steel production nearby, so we don't have to go very far to get the products we need."

Just as Birmingham has served as TRICON’s anchor, the company has been an anchor locally, said the Birmingham Business Alliance’s Vice President of Business Retention and Expansion Mark Brown.

“TRICON is a key anchor in our local manufacturing sector,” Brown said. “It has become one of the world’s leading suppliers in abrasion-resistant plate materials and specialty steels to heavy industry locally, nationally and internationally.”

As an innovator in the market, the company, celebrating its fiftieth birthday this year, has just scratched the surface.

“We’ll continue to expand our footprint with new product offerings and revenue streams that we haven’t been in in the past,” Terakedis said. “There’s a lot of room for growth!”