Company type | Public |
---|---|
BCBA: TXAR NYSE: TX MERVAL component | |
Industry | Steel |
Founded | 2005 |
Headquarters | Luxembourg, Luxembourg |
Key people | Paolo Rocca, Chairman Daniel Novegil, CEO |
Products | Steel Cast iron Coke (fuel) Slag |
Production output | 9.764 million tons of steel and 3.310 million tons of iron ore |
Revenue | US$17.610 billion (2023) |
US$676 million (2023) | |
Total assets | US$24.179 billion (2023) |
Total equity | US$12.419 billion (2023) |
Owner | Techint (62.02%) Tenaris (11.46%) Inverban Investments (3.01%), all of which are controlled by San Faustin S.A. |
Number of employees | 34,458, including 17,138 in Brazil and 10,103 in Mexico (2023) |
Website | www |
Footnotes /references [1] |
Ternium S.A. is a manufacturer of flat and long steel products with production centers in Argentina, Brazil, Mexico, Guatemala, Colombia, and the United States. Ternium owns a 51.5% interest in Usiminas of Brazil. The company has an annual production capacity of 15.4 million tons. [1] In 2023, 55% of its sales were from Mexico; 21% of sales were from Argentina; Bolivia, Chile, Paraguay and Uruguay; 13% of sales were from Brazil; and 11% of sales were from the United States, Colombia and Central America. [1]
Approximately 21% of the company is publicly-traded; the remainder is controlled by San Faustin S.A., which is in turn controlled by Rocca & Partners Stichting Administratiekantoor Aandelen San Faustin, a Stichting. [1]
The company takes its name from the Latin words Ter (three) and Eternium (eternal) in reference to the integration of the three steel mills.
Ternium was formed in 2005 by the consolidation of three companies: Siderar of Argentina, Sidor of Venezuela and Hylsa of Mexico.
In 2006, Ternium was listed on the New York Stock Exchange. [1]
In 2007, Ternium acquired Grupo IMSA, expanding its operations into Guatemala and the United States. [1] [2]
In April 2008, after a series of worker disputes over pay which led to strike actions, Sidor was nationalized by the government of Venezuela. [3] [4] In May 2009, compensation of US$1.65 billion was paid for Ternium's 59.7% stake in Sidor. [5]
In August 2010, Ternium acquired a 54% interest in Ferrasa, and in April 2015, Ternium acquired the remainder of the company, which was renamed Ternium Colombia. [1] [6]
In 2017, Ternium acquired CSA Siderúrgica do Atlântico for €1.4 billion and renamed it Ternium Brazil. [7]
In July 2023, Ternium increased its ownership in Usiminas to 51.5%. [8]
Telefónica, S.A. is a Spanish multinational telecommunications company with registered office and headquarters located in two different places, both in Madrid, Spain. It is one of the largest telephone operators and mobile network providers in the world. It provides fixed and mobile telephony, broadband, and subscription television, operating in Europe and the Americas.
Tenaris S.A., organized in Luxembourg, is a manufacturer and supplier of steel pipes and related services for the petroleum industry. The company produces and ships over 4 million tons of pipes annually. In 2023, 53% of the company's sales were to North America, 22% of sales were to South America, 18% of sales were to the Asia-Pacific, and 7% of sales were to Europe.
MercadoLibre, Inc. is an Argentine company headquartered in Montevideo, Uruguay and incorporated in Delaware in the United States that operates online marketplaces dedicated to e-commerce and online auctions. As of 2016, Mercado Libre had 174.2 million users in Latin America, making it the region's most popular e-commerce site by number of visitors.
Vale, formerly Companhia Vale do Rio Doce, is a Brazilian multinational corporation engaged in metals and mining and one of the largest logistics operators in Brazil. Vale is the largest producer of iron ore and nickel in the world. It also produces manganese, ferroalloys, copper, bauxite, potash, kaolin, and cobalt; as of 2014 the company operated nine hydroelectricity plants, and a large network of railroads, ships, and ports used to transport its products.
Techint is an Italian-Argentine conglomerate founded in Milan in 1945 by Italian industrialist Agostino Rocca and headquartered in Buenos Aires (Argentina) and Milan (Italy).
Companhia Siderúrgica Nacional (CSN) lit. 'National Siderurgy Company' or 'National Steel Company' is the largest fully integrated steel producer in Brazil and one of the largest in Latin America in terms of crude steel production. Its main plant is located in the city of Volta Redonda, in the state of Rio de Janeiro. Its current CEO is Benjamin Steinbruch.
Gerdau S.A. is the largest producer of long steel in the Americas, and the 33rd largest steelmaker worldwide, with approximately 13 million tons of production in 2023. Gerdau uses mini mills, integrated mills, and direct reduced iron plants; 71% of the steel manufactured by the company is made from recycled scrap. In 2023, 39% of sales were to Brazil and 39% of sales were to North America.
ArcelorMittal S.A. is a Luxembourg-based multinational steel manufacturing corporation headquartered in Luxembourg City. It is ranked second on the list of steel producers, with an annual crude steel production of 78 million metric tonnes. It has steel-making operations in 15 countries, including 37 integrated and mini-mill steel-making facilities. In 2023, the company's production was 39% in the Americas, 50% in Europe and 11% in other countries, such as South Africa and Ukraine. The company is vertically-integrated and produces 57% of its iron ore needs, 7% of its coal needs, 98% of its coke needs, and 59% of its scrap and direct reduced iron needs.
Cencosud S.A. is a publicly traded retail company based in Chile. It is the largest retail company in Chile and the third largest listed retail company in Latin America, competing with the Brazilian Companhia Brasileira de Distribuição and the Mexican Walmart de México y Centroamérica as one of the largest retail companies in the region. The company has more than 1045 stores in Latin America.
TIS Productions, commonly known as just TIS and formerly known as The Independent Studios, Estudios TeleMéxico, Fox TeleColombia and TeleColombia, is a Colombian television production company owned by the Paramount Networks Americas division of Paramount Global. Founded in 1996 by Samuel Duque, René Gómez and Bernardo Romero Pereiro as a production company owned by the latter, who is also a claimed librettist of Colombian dramatizations and soap operas, the company is known for supplying programming to Telemundo, Telefutura, RCN Televisión and the channels of the defunct former national broadcaster, Inravisión.
Usiminas is one of the largest producers of steel in the Americas, with major steel mills in Brazil with a total capacity of 9.5 million metric tons of steel per year. The company accounts for 28% of total steel output in Brazil.
MRS Logística S.A. is a freight rail company located in Brazil that operates 1,643 kilometers (1,021 mi) of track. It is the concessionary company that operates the Southeastern Federal Railroad Network, in the populous states of Minas Gerais, Rio de Janeiro, and São Paulo.
Siderúrgica de Orinoco C.A. (Sidor) is the largest Venezuelan steel corporation. The company is situated in an industrial zone in Ciudad Guayana, Bolívar State, near the Orinoco River.
Paolo Rocca is an Argentine-Italian businessman, CEO of the Techint Group, which owns Tenaris, Ternium and other companies in the engineering, construction and energy sectors. He is also chairman and CEO of Tenaris, and chairman of Ternium. As of July 2024, Forbes estimated his net worth at US$5.0 billion.
Votorantim Siderurgia is a steel company created in 2008 by Brazilian conglomerate Votorantim Group. At the time it was created, the company had 5,300 employees and operations in Brazil, Argentina, and Colombia and installed capacity of 2.45 million tonnes per year.
Daniel Agustín Novegil is an Argentine business executive. He is currently the chief executive officer of Ternium, main company in the steelmaking industry of Latin America. Novegil leads this firm since 2005, after working as executive director of Siderar (Argentina), Sidor (Venezuela), Hylsa and IMSA (México).
Paolo Bassetti holds a bachelor's degree from the University of Bologna, a master's degree in Economics and Latin American Studies from the London School of Economics (LSE) and a Sloan Program from the Massachusetts Institute of Technology (MIT), in Cambridge.
Fomento Económico Mexicano, S.A.B. de C.V., doing business as FEMSA, is a Mexican multinational beverage and retail company headquartered in Monterrey, Mexico. It operates the largest independent Coca-Cola bottling group in the world and the largest convenience store chain in Mexico. It is also a shareholder of Heineken N.V.
iFood is a Brazilian online food ordering and food delivery platform, currently operating in Brazil and previously in Colombia. The company holds over 80% market share of the food delivery sector in Brazil. It is owned by Dutch-based Prosus and its Brazilian investment firm Movile.