Ternium
Steel company founded in Luxembourg
title: "Ternium" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["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"] description: "Steel company founded in Luxembourg" topic_path: "geography/argentina" source: "https://en.wikipedia.org/wiki/Ternium" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0
::summary Steel company founded in Luxembourg ::
::data[format=table title="Infobox company"]
| Field | Value |
|---|---|
| name | Ternium S.A. |
| logo | Ternium_logo.svg |
| type | Public |
| traded_as |
MERVAL component | | foundation | | | location | Luxembourg, Luxembourg | | key_people | Paolo Rocca, Chairman Daniel Novegil, CEO | | industry | Steel | | products | Steel Cast iron Coke (fuel) Slag | | production | 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) | | assets | US$24.179 billion (2023) | | 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. | | num_employees | 34,458, including 17,138 in Brazil and 10,103 in Mexico (2023) | | homepage | | | footnotes | | ::
| name = Ternium S.A. | logo = Ternium_logo.svg | type = Public | traded_as =
MERVAL component | caption = | foundation = | location = Luxembourg, Luxembourg | key_people = Paolo Rocca, Chairman Daniel Novegil, CEO | industry = Steel | products = Steel Cast iron Coke (fuel) Slag | production = 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) | assets = US$24.179 billion (2023) | 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. | num_employees = 34,458, including 17,138 in Brazil and 10,103 in Mexico (2023) | homepage = | footnotes = 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. 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.
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.
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 (es) of Mexico.
In 2006, Ternium was listed on the New York Stock Exchange.
In 2007, Ternium acquired Grupo IMSA, expanding its operations into Guatemala and the United States.
In April 2008, after a series of worker disputes over pay which led to strike actions, Sidor was nationalized by the government of Venezuela. In May 2009, compensation of US$1.65 billion was paid for Ternium's 59.7% stake in Sidor.
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.
In 2017, Ternium acquired CSA Siderúrgica do Atlântico for €1.4 billion and renamed it Ternium Brazil.
In July 2023, Ternium increased its ownership in Usiminas to 51.5%.
References
References
- (May 28, 2024). "Ternium S.A. 2023 Form 20-F Annual Report". [[U.S. Securities and Exchange Commission]].
- (April 30, 2007). "Ternium to take control of Mexico's IMSA". [[Reuters]].
- (26 April 2008). "Venezuela says Ternium Sidor stake worth $800 mln". [[Reuters]].
- (30 January 2008). "Thousands strike at Venezuela's Sidor steel". [[Reuters]].
- (May 8, 2009). "Ternium Completes Transfer of Sidor Shares to Venezuela". [[Association for Iron and Steel Technology]].
- (September 7, 2017). "Ternium completes acquisition of CSA Siderúrgica do Atlântico". [[GlobeNewswire]].
- (3 July 2023). "Ternium Completes Acquisition of Additional Participation in Usiminas Control Group". Access Newswires.
::callout[type=info title="Wikipedia Source"] This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page. ::