( ) is a steel
in the Americas
that produces flat and long
steel products. Ternium was formed by the consolidation of
three companies: Siderar (Argentina), Sidor (Venezuela) and Hylsa (Mexico).
company takes it name from the Latin words Ter
(three) and Eternium
(eternal) in reference to the
integration of the three steel mills. Ternium is a division
of Argentina based Techint group and
employs over 18,000 people worldwide.
Ternium's Venezuelan branch, Sidor
nationalised by the Venezuelan government in mid-2008 following a
series of industrial disputes over pay which had paralysed the
company for over year. In early 2009 compensation of around $1.65bn
was agreed for the nationalisation of Ternium's 59.7% stake, with
Ternium also keeping a 10% stake in the company.