Ternium
Ternium is a leading steel producer in Latin America. It manufactures and processes a broad range of value-added steel products, including galvanized and electro-galvanized sheets, pre-painted sheets, tinplate, welded pipes, and hot-rolled and cold-rolled steel, as well as slit and cut-to-length offerings through its service centers, for customers operating in the construction, home appliances, capital goods, container, food, energy and automotive industries. Ternium also produces long steel products, such as bars and wire rod, and metal building components.
With an annual production capacity of approximately 10 million tons of finished steel products and 15,500 employees, Ternium has production facilities located in Mexico, Argentina, Colombia, the southern United States, and Guatemala, as well as a network of service and distribution centers in Latin America.
Ternium shares the Techint Group's high standards of quality, efficiency and industrial technology. Ternium is a public company with its shares listed on the New York Stock Exchange (NYSE: TX).
Milestones
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1969
Techint establishes a flat steel cold-rolling facility in Ensenada, Argentina.
Propulsora Siderúrgica starts operations.
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1992
In Argentina, Techint acquires the state-owned Somisa steel company. Together with Propulsora Siderúrgica, they create Siderar.
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1997
The Canning plant is incorporated into Siderar.
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1998
Sidor (Venezuela) is privatized. The Amazonia Consortium, formed by the Techint Group, Hylsamex and Usiminas, wins the tender.
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2004
In Venezuela Sidor acquires Matesi (former Posven) briquette plant in partnership with Tenaris.
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2005
The Techint Group acquires Hylsa in Mexico, which -together with Siderar and Sidor- creates Ternium.
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2006
Ternium begins trading on the New York Stock Exchange under the TX symbol. In Argentina, the Rosario and San Luis welded tube plants are brought on board.
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2007
Ternium is consolidated in Mexico with the incorporation of Imsa.
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2008
In April 2008, the government of Venezuela announces the nationalization of Sidor, and the following July a government authority assumes operational control.
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2010
Ternium acquires a controlling interest in Ferrasa, a Colombia-based company. The acquisition also includes a manufacturer and distributor in Panama.
