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 nearly 11 million tons of finished steel products and 16,500 employees, Ternium has production facilities located in Mexico, Argentina, Brazil (through a managing stake in Usiminas), 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).
Techint establishes a flat steel cold-rolling facility in Ensenada, Argentina.
Propulsora Siderúrgica starts operations.
In Argentina, Techint acquires the state-owned Somisa steel company. Together with Propulsora Siderúrgica, they create Siderar.
The Canning plant is incorporated into Siderar.
Sidor (Venezuela) is privatized. The Amazonia Consortium, formed by the Techint Group, Hylsamex and Usiminas, wins the tender.
In Venezuela Sidor acquires Matesi (former Posven) briquette plant in partnership with Tenaris.
The Techint Group acquires Hylsa in Mexico, which -together with Siderar and Sidor- creates Ternium.
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.
Ternium is consolidated in Mexico with the incorporation of Imsa.
In April 2008, the government of Venezuela announces the nationalization of Sidor, and the following July a government authority assumes operational control.
Ternium acquires a controlling interest in Ferrasa, a Colombia-based company. The acquisition also includes a manufacturer and distributor in Panama.
Ternium and Tenaris join the control group of Brazil's steel giant Usiminas, together with Nippon Steel and Usiminas employees’ pension fund.