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Ternium Clarifies Status of Sidor Nationalization Process


Ternium S.A.

2008-08-20 07:34:00

LUXEMBOURG–(EMWNews – August 20, 2008) – 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

Sebastián Martí
Ternium – Investor Relations
USA +1 (866) 890 0443
Mexico +52 (81) 8865 2111
Argentina +54 (11) 4018 2389

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