Ternium
| Company type | Public (approximately 21% equity available on public market) |
|---|---|
| Industry | Steel manufacturing |
| Predecessor | Siderar, Sidor, Hylsa |
| Founded | 2005 |
Area served | Argentina, Brazil, Mexico, Guatemala, Colombia, United States, Bolivia, Chile, Paraguay, Uruguay, Central America |
| Products | Flat and long steel products |
| Owner | San Faustin S.A. (controlling interest) |
Ternium S.A. stands as a prominent producer of both flat and long steel products, operating manufacturing plants throughout Argentina, Brazil, Mexico, Guatemala, Colombia, and the United States. The company possesses a 51.5% ownership in Brazil's Usiminas and boasts an annual production capability of 15.4 million tons. In 2023, its revenue distribution was segmented as follows: 55% from Mexico; 21% from Argentina, Bolivia, Chile, Paraguay, and Uruguay combined; 13% from Brazil; and the remaining 11% from the U.S., Colombia, and Central American markets.
Approximately 21% of Ternium's equity is available on the public market, while the controlling interest is held by San Faustin S.A., which is overseen by Rocca & Partners Stichting Administratiekantoor Aandelen San Faustin. The company’s name merges the Latin terms Ter (meaning three) and Eternium (meaning eternal), symbolizing the union of three steel manufacturing entities.
History
Ternium was established in 2005 through the consolidation of Argentina’s Siderar, Venezuela’s Sidor, and Mexico’s Hylsa, rapidly broadening its operational reach. It debuted on the New York Stock Exchange in 2006.
The acquisition of Grupo IMSA in 2007 expanded Ternium’s presence into Guatemala and the United States. Nevertheless, following labor conflicts at Sidor, the Venezuelan government nationalized that operation in 2008; Ternium was compensated US$1.65 billion for its 59.7% ownership stake in 2009.
The company further grew by securing a majority stake in Ferrasa in 2010—fully acquiring and rebranding it as Ternium Colombia by 2015. In 2017, Ternium acquired CSA Siderúrgica do Atlântico for €1.4 billion, subsequently renaming it Ternium Brazil.
In July 2023, Ternium enhanced its controlling interest in Usiminas to 51.5%.