Ternium

Ternium S.A.

Type| Public

Traded as

| BCBA: TXAR
NYSE: TX
MERVAL component
Industry| Steel
Founded| 2005; 21 years ago (2005)
Headquarters| Luxembourg, Luxembourg

Key people

| Paolo Rocca, Chairman
Daniel Novegil, CEO
Products| Steel
Cast iron
Coke (fuel)
Slag

Production output

| 9.764 million tons of steel and 3.310 million tons of iron ore
Revenue|  US$17.610 billion (2023)

Net income

|  US$676 million (2023)
Total assets|  US$24.179 billion (2023)
Total equity|  US$12.419 billion (2023)
Owner| Techint (62.02%)
Tenaris (11.46%)
Inverban Investments (3.01%), all of which are controlled by San Faustin S.A.

Number of employees

| 34,458, including 17,138 in Brazil and 10,103 in Mexico (2023)
Website| www.ternium.com
Footnotes / references
[1]

Ternium S.A. is a manufacturer of flat and long steel products with production centers in Argentina, Brazil, Mexico, Guatemala, Colombia, and the United States. Ternium owns a 51.5% interest in Usiminas of Brazil. The company has an annual production capacity of 15.4 million tons.[1] In 2023, 55% of its sales were from Mexico; 21% of sales were from Argentina; Bolivia, Chile, Paraguay and Uruguay; 13% of sales were from Brazil; and 11% of sales were from the United States, Colombia and Central America.[1]

Approximately 21% of the company is publicly traded; the remainder is controlled by San Faustin S.A., which is in turn controlled by Rocca & Partners Stichting Administratiekantoor Aandelen San Faustin, a Stichting.[1]

The company takes its name from the Latin words Ter (three) and Eternium (eternal) in reference to the integration of the three steel mills.

## History

Ternium was formed in 2005 by the consolidation of three companies: Siderar of Argentina, Sidor of Venezuela and Hylsa of Mexico.

In 2006, Ternium was listed on the New York Stock Exchange.[1]

In 2007, Ternium acquired Grupo IMSA, expanding its operations into Guatemala and the United States.[1][2]

In April 2008, after a series of worker disputes over pay which led to strike actions, Sidor was nationalized by the government of Venezuela.[3][4] In May 2009, compensation of US$1.65 billion was paid for Ternium's 59.7% stake in Sidor.[5]

In August 2010, Ternium acquired a 54% interest in Ferrasa, and in April 2015, Ternium acquired the remainder of the company, which was renamed Ternium Colombia.[1][6]

In 2017, Ternium acquired CSA Siderúrgica do Atlântico for €1.4 billion and renamed it Ternium Brazil.[7]

In July 2023, Ternium increased its ownership in Usiminas to 51.5%.[8]

## References

1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 "Ternium S.A. 2023 Form 20-F Annual Report". U.S. Securities and Exchange Commission. May 28, 2024. https://www.sec.gov/ix?doc=/Archives/edgar/data/0001342874/000134287424000018/tx-20231231.htm.
2. ↑ "Ternium to take control of Mexico's IMSA". Reuters. April 30, 2007. https://www.reuters.com/article/imsa-ternium-idUSN3019023020070430/.
3. ↑ Buitrago, Deisy; Ellsworth, Brian (26 April 2008). "Venezuela says Ternium Sidor stake worth $800 mln". Reuters. https://www.reuters.com/article/companyNewsAndPR/idUSN2642760420080427/.
4. ↑ Cambero, Fabian Andres; Daniel, Frank Jack (30 January 2008). "Thousands strike at Venezuela's Sidor steel". Reuters. https://www.reuters.com/article/ousivMolt/idUSN3025891220080131/.
5. ↑ "Ternium Completes Transfer of Sidor Shares to Venezuela". Association for Iron and Steel Technology. May 8, 2009. https://www.aist.org/ternium-completes-transfer-of-sidor-shares-to-venezuela.
6. ↑ "Ternium to Acquire Controlling Interests in Steel Companies in Colombia and Panama". Association for Iron and Steel Technology. April 12, 2010. https://www.aist.org/ternium-to-acquire-controlling-interests-in-steel-companies-in-colombia-and-panama.
7. ↑ "Ternium completes acquisition of CSA Siderúrgica do Atlântico" (Press release). GlobeNewswire. September 7, 2017.
8. ↑ "Ternium Completes Acquisition of Additional Participation in Usiminas Control Group" (Press release). Access Newswires. 3 July 2023.

## External links

* Official website

* v
* t
* e

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