Ternium

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]

Ternium S.A.

Company type	Public
Traded as	BCBA: TXAR NYSE: TX MERVAL component
Industry	Steel
Founded	2005; 20 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]

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]