EX-8.1 4 d338624dex81.htm EX-8.1 EX-8.1

Exhibit 8.1

Principal subsidiaries

The following is a list of Ternium’s subsidiaries at December 31, 2011.

 

Company   Country of
Organization		   Main activity   Percentage of ownership at
December 31,		  
      2011     2010     2009  

Ternium S.A.

   Luxembourg   Holding     100.00%        100.00%        100.00%   

Ternium Investments S.à.r.l. (1)

   Luxembourg   Holding     100.00%        100.00%        —       

Ternium Solutions A.G. (2)

   Switzerland   Services     100.00%        —            —       

Ternium Brasil S.A. (3)

   Brazil   Holding     100.00%        100.00%        100.00%   

Siderúrgica do Norte Fluminense S.A. (4)

   Brazil   Manufacturing and selling of steel products     100.00%        100.00%        —       

Ylopa—Servicos de Consultadoria Lda. (5)

   Portugal   Holding     —            94.38%        94.38%   

Consorcio Siderurgia Amazonia S.L.U. (6)

   Spain   Holding     94.38%        94.38%        94.38%   

Secor- Servicios Corporativos S.A. (6)

   Venezuela   Holding     94.38%        94.38%        94.38%   

Ternium Internacional España S.L.U. (3)

   Spain   Marketing of steel products     100.00%        100.00%        100.00%   

Siderar S.A.I.C. (7)

   Argentina   Manufacturing and selling of flat steel products     60.94%        60.94%        60.94%   

Impeco S.A. (8)

   Argentina   Manufacturing of pipe products     60.97%        60.97%        60.97%   

Prosid Investments S.C.A. (8)

   Uruguay   Holding     60.94%        60.94%        60.94%   

Inversiones Basilea S.A. (9)

   Chile   Purchase and sale of real estate and other     60.94%        60.94%        60.94%   

Ternium Mexico S.A. de C.V. (10)

   Mexico   Holding     88.72%        88.72%        88.71%   

Hylsa S.A. de C.V. (11)

   Mexico   Manufacturing and selling of steel products     88.72%        88.72%        88.71%   

Las Encinas S.A. de C.V. (11)

   Mexico   Exploration, exploitation and pelletizing of iron ore     88.72%        88.72%        88.71%   

Ferropak Comercial S.A. de C.V. (11)

   Mexico   Scrap services company     88.72%        88.72%        88.71%   

Ferropak Servicios S.A. de C.V. (11)

   Mexico   Services     88.72%        88.72%        88.71%   

Galvacer America Inc (11)

   USA   Distributing company     88.72%        88.72%        88.71%   

Galvamet America Corp (11)

   USA   Manufacturing and selling of insulated panel products     88.72%        88.72%        88.71%   

Transamerica E. & I. Trading Corp (11)

   USA   Scrap company     88.72%        88.72%        88.71%   

Técnica Industrial S.A. de C.V. (11)

   Mexico   Services     88.72%        88.72%        88.71%   

Sefimsa S.A. de C.V. (11)

   Mexico   Financial services     88.72%        88.72%        88.71%   

Ecore Holding S. de R.L. de C.V. (11)

   Mexico   Holding     88.72%        88.72%        88.71%   

Neotec L.L.C. (11)

   USA   Holding     88.72%        88.72%        88.71%   

Treasury Services S.A. de C.V. (11)

   Mexico   Financial services     88.72%        88.72%        88.71%   

APM, S.A. de C.V. (11)

   Mexico   Manufacturing and selling of steel products     88.72%        88.72%        88.71%   

Acedor, S.A. de C.V. (11)

   Mexico   Holding     88.72%        88.72%        88.71%   

Empresas Stabilit S.A. de C.V. (12)

   Mexico   Holding     —          88.72%        88.71%   

Acerus S.A. de C.V. (11)

   Mexico   Manufacturing and selling of steel products     88.72%        88.72%        88.71%   

Imsa Monclova S.A. de C.V. (11)

   Mexico   Services     88.72%        88.72%        88.71%   

Ternium Internacional Guatemala S.A. (13)

   Guatemala   Selling of steel products     99.98%        88.72%        88.71%   

Corporativo Grupo Imsa S.A. de C.V. (11)

   Mexico   Services     88.72%        88.72%        88.71%   

Ternium USA Inc. (11)

   USA   Manufacturing and selling of steel products     88.72%        88.72%        88.71%   

Consorcio Minero Benito Juarez Peña Colorada S.A.de C.V. (14)

   Mexico   Exploration, exploitation and pelletizing of iron ore     44.36%        44.36%        44.36%   

Peña Colorada Servicios S.A. de C.V. (14)

   Mexico   Services     44.36%        44.36%        44.36%   

Servicios Integrales Nova de Monterrey S.A. de C.V. (15)

   Mexico   Medical and social services     66.09%        66.09%        66.09%   

Ternium Guatemala S.A. (16)

   Guatemala   Manufacturing and selling of steel products     —            88.72%        88.71%   

Ternium Internacional Nicaragua S.A.

   Nicaragua   Manufacturing and selling of steel products     99.38%        88.18%        88.18%   

Ternium Internacional Honduras S.A. de C.V.

   Honduras   Manufacturing and selling of steel products     99.18%        88.01%        88.00%   

Ternium Internacional El Salvador, S.A. de C.V.

   El Salvador   Manufacturing and selling of steel products     99.91%        88.66%        88.65%   

Ternium Internacional Costa Rica S.A.

   Costa Rica   Manufacturing and selling of steel products     99.98%        88.72%        88.71%   

Ferrasa S.A.S. (17)

   Colombia   Manufacturing and selling of steel products     54.00%        54.00%        —       

Perfilamos del Cauca S.A.S. (17)

   Colombia   Manufacturing and selling of steel products     54.00%        54.00%        —       

Figuraciones S.A.S. (17)

   Colombia   Manufacturing and selling of steel products     54.00%        54.00%        —       

Siderúrgica de Caldas S.A.S. (17)

   Colombia   Manufacturing and selling of steel products     54.00%        54.00%        —       

Procesadora de Materiales Industriales S.A.

   Colombia   Scrap services company     32.40%        32.40%        —       

Recolectora Industrial de Colombia S.A. (18)

   Colombia   Scrap services company     —            28.70%        —       

Desechos Industriales de Colombia S.A. (18)

   Colombia   Scrap services company     —            29.70%        —       

Tenigal S. de R.L. de C.V. (19)

   Mexico   Manufacturing and selling of steel products     51.00%        51.00%        —       

Ternium Investments Switzerland AG (3)

   Switzerland   Holding     100.00%        100.00%        —       

Ternium Internacional S.A. (20)

   Uruguay   Holding and marketing of steel products     100.00%        100.00%        100.00%   

Ternium International Ecuador S.A. (21)

   Ecuador   Marketing of steel products     100.00%        100.00%        100.00%   

Ternium International USA Corporation (21)

   USA   Marketing of steel products     100.00%        100.00%        100.00%   

Ternium Internationaal B.V. (21)

   Netherlands   Marketing of steel products     100.00%        100.00%        100.00%   

Ternium Internacional Perú S.A. (21)

   Peru   Marketing of steel products     100.00%        100.00%        100.00%   

Ternium Internacional de Colombia S.A.S. (formerly Ternium Internacional de Colombia S.A.) (21)

   Colombia   Marketing of steel products     100.00%        100.00%        100.00%   

Ternium Procurement S.A. (20)

   Uruguay   Procurement services     100.00%        100.00%        100.00%   

Ternium International Inc. (20)

   Panama   Marketing of steel products     100.00%        100.00%        100.00%   

 

Ternium Engineering & Services S.A. (22)

   Uruguay   Engineering and other services     100.00%        100.00%        100.00%   

Ternium Ingeniería y Servicios de Argentina S.A.

   Argentina   Engineering and other services     100.00%        100.00%        100.00%   

Ternium Ingeniería y Servicios de Mexico S.A. de C.V.

   Mexico   Engineering and other services     100.00%        100.00%        100.00%   

Ternium Treasury Services S.A. (20)

   Uruguay   Financial services     100.00%        100.00%        100.00%   

Ternium Treasury Services B.V. (20)

   Netherlands   Financial services     100.00%        100.00%        100.00%   

Ferrasa Panamá, S.A. (23)

   Panama   Manufacturing and selling of steel products     54.00%        54.00%        —       

Aceros Transformados de Panamá, S.A. (23)

   Panama   Manufacturing and selling of steel products     54.00%        54.00%        —       

Ternium Investments S.A. (formerly Dirken Company S.A.) (24)

   Uruguay   Holding     —            —            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%. Incorporated in the first quarter of 2011.
(3) Indirectly through Ternium Investments S.à.r.l. Total voting rights held: 100.00%.
(4) Indirectly through Ternium Brasil S.A. Total voting rights held: 100.00%. Incorporated during 2010.
(5) This company was dissolved as of December 27, 2011.
(6) Since December 27, 2011, indirectly through Ternium Investments S.á.r.l. (85.62%) and Prosid Investments S.C.A. (8.76%). Total voting rights held: 100.00%. Before that, indirectly through Ylopa – Servicos de Consultadoría Lda.
(7) Indirectly through Ternium Internacional España S.L.U. Total voting rights held: 60.94%.
(8) Indirectly through Siderar S.A.I.C and Ternium Internacional S.A. Total voting rights held 100.00%.
(9) Indirectly through Siderar S.A.I.C. Total voting rights held 100.00%.
(10) Indirectly through Siderar S.A.I.C., Inversiones Basilea S.A. and Ternium Internacional España S.L.U. Total voting rights held 99.93%.
(11) Indirectly through Ternium Mexico S.A. de C.V. Total voting rights held: 100.00%.
(12) Merged with Ternium Mexico S.A. de C.V. during the fourth quarter of 2011.
(13) Indirectly through Ternium Internacional España S.L.U. Total voting rights held: 100%.
(14) Indirectly through Ternium Mexico S.A. de C.V. Total voting rights held: 50.00%. Consolidated under the proportionate consolidation method.
(15) Indirectly through Ternium Mexico S.A. de C.V. Total voting rights held: 74.50%.
(16) This company was merged with Ternium Internacional Guatemala, S.A. during the first quarter of 2011.
(17) 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, 2011).
(18) These companies were sold during the second quarter of 2011.
(19) Indirectly through Ternium Internacional España S.L.U.. Total voting rights held: 51.00%. Incorporated during 2010. (See note 29 to our consolidated financial statements as of December 31, 2011).
(20) Indirectly through Ternium Investments Switzerland AG. Total voting rights held: 100.00%.
(21) Indirectly through Ternium Internacional S.A. Total voting rights held 100.00%.
(22) Indirectly through Ternium Internacional Inc.. Total voting rights held 100.00%.
(23) 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, 2011).
(24) This company was dissolved as of December 6, 2010.