// Workers AI · dad joke modeWhat did Ternium say to its metal friend? You're a steel above the rest.
 | |
| Type | Public |
|---|---|
| BCBA: TXAR NYSE: TX MERVAL component | |
| Industry | Steel |
| Founded | 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) |
 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 |
| Footnotes [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
[edit]Ternium was formed in 2005 by the consolidation of three companies: Siderar of Argentina, SIDOR of Venezuela and Hylsa (es) 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
[edit]- 1 2 3 4 5 6 7 "Ternium S.A. 2023 Form 20-F Annual Report". U.S. Securities and Exchange Commission. May 28, 2024.
- ↑ "Ternium to take control of Mexico's IMSA". Reuters. April 30, 2007.
- ↑ Buitrago, Deisy; Ellsworth, Brian (26 April 2008). Maler, Sandra (ed.). "Venezuela says Ternium Sidor stake worth $800 mln". Reuters.
- ↑ Cambero, Fabian Andres; Daniel, Frank Jack (30 January 2008). Urquhart, Michael (ed.). "Thousands strike at Venezuela's Sidor steel". Reuters.
- ↑ "Ternium Completes Transfer of Sidor Shares to Venezuela". Association for Iron and Steel Technology. May 8, 2009.
- ↑ "Ternium to Acquire Controlling Interests in Steel Companies in Colombia and Panama". Association for Iron and Steel Technology. April 12, 2010.
- ↑ "Ternium completes acquisition of CSA Siderúrgica do Atlântico" (Press release). GlobeNewswire. September 7, 2017.
- ↑ "Ternium Completes Acquisition of Additional Participation in Usiminas Control Group" (Press release). Access Newswires. 3 July 2023.
External links
[edit]
|
- Companies in the MERVAL
- Companies based in Luxembourg City
- Companies listed on the Buenos Aires Stock Exchange
- Companies listed on the New York Stock Exchange
- Iron and steel mills
- Luxembourgian companies established in 2005
- Manufacturing companies established in 2005
- Manufacturing companies of Argentina
- Manufacturing companies of Mexico
- Steel companies of Luxembourg
- Techint