Ternium completes acquisition of controlling interests two South American steel companies

Thursday, 26 August 2010 02:38:40 (GMT+2)

Ferrasa has a 100 percent ownership interest in Sidecaldas, Figuraciones and Perfilamos del Cauca. These companies have combined annual sales of approximately 300,000 tons, including a long steel making and rolling facility with annual production capacity of approximately 140,000 tons.

Ternium has also completed the acquisition of a 54 percent ownership interest in Ferrasa Panamá for US$0.5 million. Ferrasa Panamá is a long steel products processor and distributor based in Panama.

Through these investments Ternium is expanding its business and commercial presence in Colombia, a country that is experiencing significant growth, as well as in Central America.

 previous article  /  next article