Ternium announced in February 2022 the construction of new downstream facilities in Pesqueria, Nuevo Leon state, Mexico.

The projects include a push-pull pickling line with an annual capacity of 550,000 tons and new finishing lines, which are currently expected to come on line in mid-2024.

Also among the projects are a cold rolling mill and a hot-dip galvanizing line with an annual capacity of 1.6 and 0.6 million tons, respectively, which are expected to start operations by the end of 2025.

With 34,458 employees at the end of 2023, Ternium is a steel producer with operations in Mexico, Argentina, Colombia, Guatemala and the United States.

The projects are consistent with Ternium’s strategy to strengthen its competitive positioning to replace imports in the Mexican market and better serve its customers with a broader and more technologically advanced product portfolio.

Ternium

In 2022, the company also announced the construction of new direct-reduction steelmaking production facilities in North America, with an annual production capacity of 2.1 and 2.6 million tons, respectively.

This project is expected to advance the integration of Ternium’s industrial system, strengthen its position as a leading steel supplier in the region, and support its continued compliance with the USMCA’s «cast and pour» requirement for the automotive industry.

Environmental

In addition, the new facility will help advance the company’s decarbonization goals due to its low carbon dioxide emissions intensity.

Its willingness to switch from natural gas to hydrogen, where possible, would enable further emissions reductions.

Another of its announcements was the construction of a wind farm in Argentina, currently underway.

This new facility will allow the company to replace approximately 65% of the electricity we currently purchase from third parties for our operations in Argentina.

In July 2023, Ternium increased its stake in the controlling group of Usiminas, a leading steel flat manufacturing company in the Brazilian market, and entered into new shareholder agreements establishing a new governance structure for Usiminas.