EX-8.1 3 c19279exv8w1.htm EXHIBIT 8.1 Exhibit 8.1
Exhibit 8.1
Principal subsidiaries
The following is a list of Ternium’s subsidiaries at December 31, 2010.
                                 
            Percentage of ownership at  
    Country of       December 31,  
Company   Organization   Main activity   2010     2009     2008  
 
                
Ternium S.A.
   Luxembourg   Holding     100.00 %     100.00 %     100.00 %
Ternium Investments S.à.r.l. (1)
   Luxembourg   Holding     100.00 %     —       —  
Ternium Brasil S.A. (2)
   Brazil   Holding     100.00 %     100.00 %     100.00 %
Siderúrgica do Norte Fluminense S.A. (3)
   Brazil   Manufacturing and selling of steel products     100.00 %     —       —  
Ylopa — Servicos de Consultadoria Lda. (4)
   Portugal   Holding     94.38 %     94.38 %     94.38 %
Consorcio Siderurgia Amazonia S.L.U. (5)
   Spain   Holding     94.38 %     94.38 %     94.38 %
Secor- Servicios Corporativos S.A. (5)
   Venezuela   Holding     94.38 %     94.38 %     93.44 %
Ternium Internacional España S.L.U. (2)
   Spain   Marketing of steel products     100.00 %     100.00 %     100.00 %
Siderar S.A.I.C. (6)
   Argentina   Manufacturing and selling of flat steel products     60.94 %     60.94 %     60.93 %
Impeco S.A. (7)
   Argentina   Manufacturing of pipe products     60.97 %     60.97 %     60.96 %
Prosid Investments S.C.A. (7)
   Uruguay   Holding     60.94 %     60.94 %     60.93 %
Inversiones Basilea S.A. (8)
   Chile   Purchase and sale of real estate and other     60.94 %     60.94 %     60.93 %
Ternium Mexico S.A. de C.V. (9)
   Mexico   Holding     88.72 %     88.71 %     88.71 %
Hylsa S.A. de C.V. (10)
   Mexico   Manufacturing and selling of steel products     88.72 %     88.71 %     88.71 %
Las Encinas S.A. de C.V. (10)
   Mexico   Exploration, exploitation and pelletizing of iron ore     88.72 %     88.71 %     88.71 %
Ferropak Comercial S.A. de C.V. (10)
   Mexico   Scrap services company     88.72 %     88.71 %     88.71 %
Ferropak Servicios S.A. de C.V. (10)
   Mexico   Services     88.72 %     88.71 %     88.71 %
Galvacer America Inc (10)
   USA   Distributing company     88.72 %     88.71 %     88.71 %
Galvamet America Corp (10)
   USA   Manufacturing and selling of insulated panel products     88.72 %     88.71 %     88.71 %
Transamerica E. & I. Trading Corp (10)
   USA   Scrap company     88.72 %     88.71 %     88.71 %
Técnica Industrial S.A. de C.V. (10)
   Mexico   Services     88.72 %     88.71 %     88.71 %
Sefimsa S.A. de C.V. (10)
   Mexico   Financial services     88.72 %     88.71 %     88.71 %
Ecore Holding S. de R.L. de C.V. (10)
   Mexico   Holding     88.72 %     88.71 %     88.71 %
Neotec L.L.C. (10)
   USA   Holding     88.72 %     88.71 %     88.71 %
Treasury Services S.A. de C.V. (10)
   Mexico   Financial services     88.72 %     88.71 %     88.71 %
APM, S.A. de C.V. (10)
   Mexico   Manufacturing and selling of steel products     88.72 %     88.71 %     88.71 %
Acedor, S.A. de C.V. (10)
   Mexico   Holding     88.72 %     88.71 %     88.71 %
Empresas Stabilit S.A. de C.V. (10)
   Mexico   Holding     88.72 %     88.71 %     88.71 %
Acerus S.A. de C.V. (10)
   Mexico   Manufacturing and selling of steel products     88.72 %     88.71 %     88.71 %

 

 

 

                                 
            Percentage of ownership at  
    Country of       December 31,  
Company   Organization   Main activity   2010     2009     2008  
 
                
Imsa Monclova S.A. de C.V. (10)
   Mexico   Services     88.72 %     88.71 %     88.71 %
Ternium Internacional Guatemala S.A. (10)
   Guatemala   Selling of steel products     88.72 %     88.71 %     88.71 %
Corporativo Grupo Imsa S.A. de C.V. (10)
   Mexico   Services     88.72 %     88.71 %     88.71 %
Ternium USA Inc. (10)
   USA   Manufacturing and selling of steel products     88.72 %     88.71 %     88.71 %
Consorcio Minero Benito Juarez Peña Colorada S.A.de C.V. (11)
   Mexico   Exploration, exploitation and pelletizing of iron ore     44.36 %     44.36 %     44.36 %
Peña Colorada Servicios S.A. de C.V. (11)
   Mexico   Services     44.36 %     44.36 %     44.36 %
Servicios Integrales Nova de Monterrey S.A. de C.V. (12)
   Mexico   Medical and social services     66.09 %     66.09 %     66.09 %
Ternium Guatemala S.A.
   Guatemala   Manufacturing and selling of steel products     88.72 %     88.71 %     88.71 %
Ternium Internacional Nicaragua S.A.
   Nicaragua   Manufacturing and selling of steel products     88.18 %     88.18 %     88.09 %
Ternium Internacional Honduras S.A. de C.V.
   Honduras   Manufacturing and selling of steel products     88.01 %     88.00 %     88.00 %
Ternium Internacional El Salvador, S.A. de C.V.
   El Salvador   Manufacturing and selling of steel products     88.66 %     88.65 %     88.65 %
Ternium Internacional Costa Rica S.A.
   Costa Rica   Manufacturing and selling of steel products     88.72 %     88.71 %     88.71 %
Ferrasa S.A.S. (13)
   Colombia   Manufacturing and selling of steel products     54.00 %     —       —  
Perfilamos del Cauca S.A.S. (13)
   Colombia   Manufacturing and selling of steel products     54.00 %     —       —  
Figuraciones S.A.S. (13)
   Colombia   Manufacturing and selling of steel products     54.00 %     —       —  
Siderúrgica de Caldas S.A.S. (13)
   Colombia   Manufacturing and selling of steel products     54.00 %     —       —  
Recolectora Industrial de Colombia S.A. (1)
   Colombia   Scrap services company     28.70 %     —       —  
Procesadora de Materiales Industriales S.A. (1)
   Colombia   Scrap services company     32.40 %     —       —  
Desechos Industriales de Colombia S.A. (1)
   Colombia   Scrap services company     29.70 %     —       —  
Tenigal S. de R.L. de C.V. (14)
   Mexico   Manufacturing and selling of steel products     51.00 %     —       —  
Ternium Investments Switzerland AG (2)
   Switzerland   Holding     100.00 %     —       —  
Ternium Internacional S.A. (15)
   Uruguay   Holding and marketing of steel products     100.00 %     100.00 %     100.00 %
Ternium International Ecuador S.A. (16)
   Ecuador   Marketing of steel products     100.00 %     100.00 %     100.00 %
Ternium International USA Corporation (16)
   USA   Marketing of steel products     100.00 %     100.00 %     100.00 %
Ternium Internationaal B.V. (16)
   Netherlands   Marketing of steel products     100.00 %     100.00 %     100.00 %
Ternium Internacional Perú S.A. (16)
   Peru   Marketing of steel products     100.00 %     100.00 %     100.00 %
Ternium Internacional de Colombia S.A. (16)
   Colombia   Marketing of steel products     100.00 %     100.00 %     100.00 %
Ternium Procurement S.A. (15)
   Uruguay   Procurement services     100.00 %     100.00 %     100.00 %
Ternium International Inc. (15)
   Panama   Marketing of steel products     100.00 %     100.00 %     100.00 %
Ternium Engineering & Services S.A. (17)
   Uruguay   Engineering and other services     100.00 %     100.00 %     —  

 

 

 

                                 
            Percentage of ownership at  
    Country of       December 31,  
Company   Organization   Main activity   2010     2009     2008  
 
                
Ternium Ingeniería y Servicios de Argentina S.A.
   Argentina   Engineering and other services     100.00 %     100.00 %     —  
Ternium Ingeniería y Servicios de Mexico S.A. de C.V.
   Mexico   Engineering and other services     100.00 %     100.00 %     —  
Ternium Treasury Services S.A. (15)
   Uruguay   Financial services     100.00 %     100.00 %     100.00 %
Ternium Treasury Services B.V. (15)
   Netherlands   Financial services     100.00 %     100.00 %     100.00 %
Ferrasa Panamá, S.A. (18)
   Panama   Manufacturing and selling of steel products     54.00 %     —       —  
Aceros Transformados de Panamá, S.A. (18)
   Panama   Manufacturing and selling of steel products     54.00 %     —       —  
Ternium Investments S.A. (formerly Dirken Company S.A.) (19)
   Uruguay   Holding     —       100.00 %     100.00 %
     
(1)   Incorporated in the fourth quarter of 2010.
 
(2)   Indirectly through Ternium Investments S.à.r.l. Total voting rights held 100.00%
 
(3)   Indirectly through Ternium Brasil S.A. Total voting rights held: 100.00%. Incorporated during 2010.
 
(4)   Indirectly through Ternium Investments S.á.r.l. (85.62%) and Prosid Investments S.C.A. (8.76%). Total voting rights held: 100.00%
 
(5)   Indirectly through Ylopa — Servicos de Consultadoría Lda. Total voting rights held: 100.00%. As of April 25, 2008, Consorcio Siderurgia Amazonia S.L.U. was relocated into Spain (formerly Cayman Islands)
 
(6)   Indirectly through Ternium Internacional España S.L.U. Total voting rights held: 60.94%
 
(7)   Indirectly through Siderar S.A.I.C and Ternium Internacional S.A. Total voting rights held 100.00%
 
(8)   Indirectly through Siderar S.A.I.C. Total voting rights held 100.00%
 
(9)   Indirectly through Siderar S.A.I.C., Inversiones Basilea S.A. and Ternium Internacional España S.L.U. Total voting rights held 99.93%
 
(10)   Indirectly through Ternium Mexico S.A. de C.V. Total voting rights held: 100.00%
 
(11)   Indirectly through Ternium Mexico S.A. de C.V. Total voting rights held: 50.00%. Consolidated under the proportionate consolidation method.
 
(12)   Indirectly through Ternium Mexico S.A. de C.V. Total voting rights held: 74.50%
 
(13)   Indirectly through Ternium Internacional España S.L.U. Total voting rights held: 54.00%. Incorporated during 2010. (See note 3 to our consolidated financial statements as of December 31, 2010)
 
(14)   Indirectly through Ternium Internacional España S.L.U. Total voting rights held: 51.00%. Incorporated during 2010. (See note 31 to our consolidated financial statements as of December 31, 2010)
 
(15)   Indirectly through Ternium Investments Switzerland AG. Total voting rights held: 100.00%
 
(16)   Indirectly through Ternium Internacional S.A. Total voting rights held 100.00%
 
(17)   Indirectly through Ternium Internacional Inc. Total voting rights held 100.00%
 
(18)   Indirectly through Ternium Treasury Services S.A. Total voting rights held: 54.00%. Incorporated during 2010. (See note 3 to our consolidated financial statements as of December 31, 2010)
 
(19)   This company was dissolved as of December 6, 2010.