Published:
Ternium Clarifies Status of Sidor Nationalization Process
Ternium S.A. (NYSE: TX) announced today that,
following the expiration of the term for the negotiation of the conditions
on which all or a significant part of Ternium's interest in Sidor will be
transferred to the Republic of Venezuela, the negotiations with the
Venezuelan government are still under way.
Ternium continues to reserve all of its rights under contracts, investment
treaties and Venezuelan and international law and to evaluate its options
in realizing the fair value of its interest in Sidor.
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 one of the leading steel companies 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 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 annual sales of approximately US$10 billion and ships
approximately 8 million tons of steel products each year. More information
about Ternium is available at www.ternium.com.
Copyright © 2009, MarketWire
Copyright © 2009, NewsBlaze,
Daily NewsTags: ,Energy and Utilities:Equipment, Government:International, ManufacturingandProduction:MachineryandTools, ManufacturingandProduction:MiningandMetals, ,NYSE0001,NYSE0001,GA,LUXEMBOURG
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