New multinational emerges with offices in Southwest U.S.
Staff -- Purchasing, 2/16/2006 2:00:00 AM
Ternium is a new steel company based in Luxembourg with its U.S. trading and distribution operations headquartered in Houston. The firm is the consolidation of Techint Group's investments in flat-rolled and long-product steel manufacturing, processing and distribution businesses. Ternium will hold controlling interest in Argentina's largest steel company, Siderar; Venezuela's largest steel company, Sidor; one of Mexico's largest steel companies, the recently acquired Hylsamex; and the Techintrade distribution firm. Ternium's steel manufacturing and finishing facilities have an annual production capacity of about 11.6 million tons, according to a Dun & Bradstreet analysis. The company sells its wares primarily to clients in North, Central, and South America, and it is developing a sales presence in Asia and Europe as well.
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