FORM
6 - K
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Report
of Foreign Private Issuer
Pursuant
to Rule 13a - 16 or 15d - 16 of
the
Securities Exchange Act of 1934
As
of 4/08/2010
Ternium
S.A.
(Translation
of Registrant's name into English)
Ternium
S.A.
46a,
Avenue John F. Kennedy – 2nd floor
L-1855
Luxembourg
(352)
4661-11-3815
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover Form 20-F or 40-F.
Form
20-F Ö Form
40-F__
Indicate
by check mark whether the registrant by furnishing the information contained in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12G3-2(b) under the Securities Exchange Act of 1934.
Yes__
No Ö
If “Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):
Not
applicable
The
attached material is being furnished to the Securities and Exchange Commission
pursuant to Rule 13a-16 and Form 6-K under the Securities Exchange Act of 1934,
as amended.
This
report contains Ternium S.A.’s press release informing market Ternium to acquire
controlling interests in steel companies in Colombia and Panama.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
TERNIUM
S.A.
| By: /s/ Pablo Brizzio | By: /s/ Daniel Novegil |
| Name: Pablo Brizzio | Name: Daniel Novegil |
| Title: Chief Financial Officer | Title: Chief Executive Officer |
Dated:
April 8, 2010
 |
 |
Ternium
to Acquire Controlling Interests in Steel Companies in Colombia and
Panama
LUXEMBOURG--(Marketwire
- April 8, 2010) - Ternium S.A. (NYSE: TX) announced today that it has entered
into a definitive agreement to acquire a 54% ownership interest in
Colombia-based Ferrasa through a capital contribution in the amount of US$74.5
million. Upon completion of this transaction, Ferrasa will have a 100% ownership
interest in Sidecaldas, Figuraciones and Perfilamos del Cauca.
Ferrasa
is a leading long and flat steel products processor and distributor. Sidecaldas
is a scrap-based long steel making and rolling facility, with an annual
production capacity of approximately 140,000 tons. Figuraciones and Perfilamos
del Cauca manufacture welded steel tubes, profiles and beams. These companies
have combined annual sales of approximately 300,000 tons, of which approximately
70% are long products and 30% are flat and tubular products, used mainly in the
construction sector.
The
transaction, which is subject to Colombian antitrust clearance and other
customary conditions, is expected to close in the third quarter of 2010. Upon
its completion Ferrasa is expected to have consolidated financial debt of
approximately US$120 million.
Ternium
also has agreed to purchase a 54% ownership interest in Ferrasa Panama for
US$0.5 million. Ferrasa Panama is a long steel products processor and
distributor based in Panama, with annual sales of approximately 8,000
tons.
In
addition, the former controlling shareholders will have an option to sell to
Ternium, at any time, all or part of their remaining 46% interest in each of
Ferrasa and Ferrasa Panama, and Ternium will have an option to purchase all or
part of that remaining interest from the former controlling shareholders, at any
time after the second anniversary of the closing.
Through
these investments Ternium expects to expand its business and commercial presence
in Colombia, a country that is experiencing significant growth and is presently
the fifth largest steel consuming market in Latin America, as well as in Central
America.
Forward-Looking Statements
Some of
the statements contained in this press release are "forward-looking statements."
Forward-looking statements are based on management's current views and
assumptions and involve known and unknown risks that could cause actual results,
performance or events to differ materially from those expressed or implied by
those statements. These risks include but are not limited to risks arising from
uncertainties as to gross domestic product, related market demand, global
production capacity, tariffs, cyclicality in the industries that purchase steel
products and other factors beyond Ternium's control.
About Ternium
Ternium
is a leading steel company in Latin America, manufacturing and processing a wide
range of flat and long steel products for customers active in the construction,
home appliances, capital goods, container, food, energy and automotive
industries. With its principal operations in Mexico and Argentina, Ternium
serves markets in the Americas through its integrated manufacturing system and
extensive distribution network. The Company has an annual production capacity of
approximately nine million tons of finished steel products. More information
about Ternium is available at www.ternium.com. [Missing Graphic
Reference]
Sebastian
Marti
Ternium -
Investor Relations
+1 (866)
890 0443
+54 (11)
4018 2389
www.ternium.com