Ternium S.A. is a manufacturer of flat and

long steel products In steel industry terminology long steel products or long products refers to steel products including wire, rod, rail, and bars as well as types of steel structural sections and girders. Overview The term long products may include hot rolled bar, c ...

with production centers in

Argentina Argentina (), officially the Argentine Republic ( es, link=no, República Argentina), is a country in the southern half of South America. Argentina covers an area of , making it the second-largest country in South America after Brazil, th ...

Brazil Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...

Mexico Mexico (Spanish: México), officially the United Mexican States, is a country in the southern portion of North America. It is bordered to the north by the United States; to the south and west by the Pacific Ocean; to the southeast by Guatema ...

Guatemala Guatemala ( ; ), officially the Republic of Guatemala ( es, República de Guatemala, links=no), is a country in Central America. It is bordered to the north and west by Mexico; to the northeast by Belize and the Caribbean; to the east by H ...

Colombia Colombia (, ; ), officially the Republic of Colombia, is a country in South America with insular regions in North America—near Nicaragua's Caribbean coast—as well as in the Pacific Ocean. The Colombian mainland is bordered by the Car ...

, and the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

. It is the leading steel company in Latin America with highly integrated processes to manufacture steel and value-added products. Along with

Nippon Steel was formed in 2012 by the merger of the old Nippon Steel and Sumitomo Metal. was established in 1970 by the merger of Fuji Iron & Steel and Yawata Iron & Steel. Nippon Steel is the world's third largest steel producer by volume as of 2019. ...

and

Companhia Siderúrgica Nacional Companhia Siderúrgica Nacional (CSN) is the largest fully integrated steel producer in Brazil and one of the largest in Latin America in terms of crude steel production.

, Ternium owns

Usiminas Usiminas is one of the largest producers of steel in the Americas, with major steel mills in Brazil with a total capacity of 9.5 million metric tons of steel per year. The company accounts for 28% of total steel output in Brazil. Usiminas has an ...

of Brazil. The company has an annual production capacity of 12.4 million tons. 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

, Sidor of

Venezuela Venezuela (; ), officially the Bolivarian Republic of Venezuela ( es, link=no, República Bolivariana de Venezuela), is a country on the northern coast of South America, consisting of a continental landmass and many islands and islets in th ...

and Hylsa of

. Siderar was established by Argentine-based industrial conglomerate

Techint Techint is an Argentine conglomerate founded in Milan in 1945 by Italian industrialist Agostino Rocca and headquartered in Milan (Italy) and Buenos Aires (Argentina). As of 2019 the Techint Group is composed of six main companies in the following ...

in 1992 following the

privatization Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...

of Somisa. In 2007, Ternium acquired Grupo IMSA, thereby expanding its operations into Guatemala and the United States. Ternium was listed on the NYSE on February 1, 2006.

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 The National Assembly ( es, Asamblea Nacional) is the legislature for Venezuela that was first elected in 2000. It is a unicameral body made up of a variable number of members, who were elected by a "universal, direct, personal, and secret" vo ...

. This move followed a series of worker disputes over pay which had paralyzed the company. 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.''Business News Americas'', 20 January 2009
Ternium agrees to receive Sidor payment in two installments - Venezuela
/ref>

References

{{Authority control Iron and steel mills Steel companies of Luxembourg Companies listed on the Buenos Aires Stock Exchange Companies listed on the New York Stock Exchange Manufacturing companies of Argentina Manufacturing companies of Mexico Companies established in 2005 Companies based in Luxembourg City Techint