Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Ternium SA (ADR)    TX

TERNIUM SA (ADR) (TX)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Ternium S.A. (ADR) : Ternium Completes Acquisition of Participation in Usiminas Control Group

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/17/2012 | 03:13pm CET
Sebastián Martí Ternium - Investor Relations

+1 (866) 890 0443

+54 (11) 4018 2389 www.ternium.com

Ternium Completes Acquisition of Participation in Usiminas Control Group

Luxembourg, January 17, 2012 -Ternium S.A. (NYSE: TX) announced today that, together with its Argentine subsidiary Siderar and Confab Industrial S.A., a subsidiary of Tenaris S.A. ("TenarisConfab"), it completed the previously announced acquisition of 139.7 million ordinary shares of Usinas Siderúrgicas de Minas Gerais S.A. - USIMINAS ("Usiminas") from Camargo Corrêa, Votorantim and Caixa dos Empregados da Usiminas (Usiminas' employee pension fund - "CEU"), or
27.7% of the voting capital, at a price of BRL36 per ordinary share (approximately USD19). Ternium and Siderar financed their BRL4.1 billion share (approximately USD2.2 billion) with cash on hand and, in the case of Ternium, a USD700 million syndicated term loan.
Following the closing of the transaction, Messrs. Daniel Novegil, Roberto Vidigal and Alcides Morgante were appointed as members of Usiminas' board of directors, together with their alternates, to replace the board members nominated by Camargo Correa and Votorantim. In addition, Usiminas' board of directors appointed Julián Eguren, previously a senior executive with Ternium, as chief executive officer (Diretor-Presidente) of Usiminas.
With strategically located facilities near the main consumers of steel in Brazil and iron ore mines in the Serra Azul region, Usiminas is the largest flat steel producer in the country, with 9.5 million tons of crude steel capacity, and the leader in the Brazilian flat steel market. Usiminas is organized under four main business units: Mining, Steel, Steel Processing and Capital Goods. In 2010, Usiminas had net sales of BRL13.0 billion (approximately USD7.4 billion).

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.

1

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 ten million tons of finished steel products. More information about Ternium is available at www.ternium.com.

2

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TERNIUM SA (ADR)
02/21TERNIUM SA (ADR) : Ternium S.A. Sponsored ADR to Host Earnings Call
AC
02/20Ternium Announces Fourth Quarter and Full Year 2017 Results
GL
02/12ZOETIS : Cl A (ZTS) Shareholder Canada Pension Plan Investment Board Has Trimmed..
AQ
02/08Ternium Announces Agreement with NSSMC Regarding Governance of Usiminas
GL
2017TERNIUM : Certain Circular Welded Non-Alloy Steel Pipe From Mexico; Preliminary ..
AQ
2017ThyssenKrupp lifted by record orders as shifts from steel
RE
2017TERNIUM : Announces CEO Succession
BU
2017Ternium Announces Third Quarter and First Nine Months of 2017 Results
GL
2017TERNIUM : Further Develops Its Industrial System with Plans to Build New Facilit..
BU
2017TERNIUM : completes acquisition of CSA Siderrgica do Atlntico
AQ
More news
News from SeekingAlpha
02/21Ternium's (TX) CEO Daniel Novegil on Q4 2017 Results - Earnings Call Transcri.. 
02/21Ternium S.A. 2017 Q4 - Results - Earnings Call Slides 
02/20Ternium S.A. beats by $0.28, beats on revenue 
02/19Notable earnings after Tuesday?s close 
02/09Ternium, Nippon Steel reach deal to mend dispute over Usiminas 
Financials ($)
Sales 2018 10 655 M
EBIT 2018 1 497 M
Net income 2018 754 M
Debt 2018 1 770 M
Yield 2018 3,11%
P/E ratio 2018 8,79
P/E ratio 2019 7,90
EV / Sales 2018 0,85x
EV / Sales 2019 0,85x
Capitalization 7 327 M
Chart TERNIUM SA (ADR)
Duration : Period :
Ternium SA (ADR) Technical Analysis Chart | TX | US8808901081 | 4-Traders
Technical analysis trends TERNIUM SA (ADR)
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 39,8 $
Spread / Average Target 8,9%
EPS Revisions
Managers
NameTitle
Danie Agustín Novegil Chief Executive Officer & Director
Paolo Rocca Chairman
Oscar Montero Martínez General Director-Planning & Operations
Pablo Brizzio Chief Financial Officer
Roberto Demidchuk Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
TERNIUM SA (ADR)15.70%7 327
BAOSHAN IRON & STEEL CO.20.60%36 597
JFE HOLDINGS, INC.-10.27%14 161
CHINA STEEL CORPORATION--.--%13 160
JSW STEEL LIMITED10.19%11 119
EVRAZ27.53%8 569