SOURCE: Ternium S.A.

Ternium S.A.

December 06, 2011 07:43 ET

Usiminas Transaction Obtains Nippon Group Corporate Approvals

LUXEMBOURG--(Marketwire - Dec 6, 2011) - Ternium S.A. (NYSE: TX) reports the receipt of notice that Nippon Steel Corporation and all the other entities forming Nippon Group have obtained all requisite corporate approvals with respect to all the transactions and agreements relating to the previously announced purchases of ordinary shares of Usiminas by Ternium, Siderar and TenarisConfab.

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 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.