Ternium

Ternium S.A.

Type| Public

Traded as

| BCBA: TXAR
NYSE: TX
MERVAL component
Industry| Steel
Founded| 2005; 19 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$9.700 billion (2017)

Net income

|  US$1.022 billion (2017)
Total assets|  US$12.122 billion (2017)
Total equity|  US$5.852 billion (2017)
Owner| Techint (62%)
Tenaris (11.0%)

Number of employees

| 21,255 (2017)
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 . It is the leading steel company in Latin America with highly integrated processes to manufacture steel and value-added products. Along with Nippon Steel and Companhia Siderúrgica Nacional, Ternium owns Usiminas of Brazil. The company has an annual production capacity of 12.4 million tons.[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. Siderar was established by Argentine-based industrial conglomerate Techint in 1992 following the privatization of Somisa.

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

Ternium was listed on the NYSE on February 1, 2006.[3]

### Nationalization of Sidor by Venezuelan government

Ternium's Venezuelan subsidiary, Sidor, was nationalized by the Venezuelan government following an April 2008 resolution of the National Assembly of Venezuela.[4] This move followed a series of worker disputes over pay which had paralyzed the company.[5] In early 2009, compensation of US$1.65 billion was agreed on for the nationalization of Ternium's 59.7% stake, with Ternium keeping a 10% stake in the company.[6]

## References

1. ↑ 1.0 1.1 "Ternium S.A. 2017 Form 20-F Annual Report". U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/1342874/000134287418000009/a2017ternium20-f.htm.
2. ↑ "Ternium to take control of Mexico's IMSA". Reuters. April 30, 2007. https://www.reuters.com/article/imsa-ternium-idUSN3019023020070430.
3. ↑ "Ternium Celebrates 10 Years on the NYSE" (Press release). Ternium. June 29, 2016.
4. ↑ Reuters, 26 April 2008, Venezuela says Ternium Sidor stake worth $800 mln
5. ↑ Reuters, 30 January 2008, Thousands strike at Venezuela's Sidor steel
6. ↑ Business News Americas, 20 January 2009, Ternium agrees to receive Sidor payment in two installments - Venezuela

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