EX-8.1 2 d716857dex81.htm EX-8.1 EX-8.1

Exhibit 8.1

Principal subsidiaries

The following is a list of Ternium’s subsidiaries at December 31, 2013.

 

Company    Country of
Organization		    Main activity    Percentage of ownership at
December 31,		  
         2013     2012     2011  

Ternium S.A.

    Luxembourg    Holding      100.00 %      100.00 %      100.00 % 

Ternium Investments S.à.r.l.

    Luxembourg    Holding      100.00 %      100.00 %      100.00 % 

Ternium Solutions A.G. (1)

    Switzerland    Services      100.00 %      100.00 %      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 %      100.00 %      100.00 % 

Consorcio Siderurgia Amazonia S.L. (formerly Consorcio Siderurgia Amazonia S.L.U.) (4)

    Spain    Holding      94.38 %      94.38 %      94.38 % 

Secor - Servicios Corporativos S.A. (5)

    Venezuela    Holding      —         94.53 %      94.38 % 

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 %      60.94 % 

Impeco S.A. (7)

    Argentina    Manufacturing of pipe products      60.97 %      60.97 %      60.97 % 

Prosid Investments S.C.A. (7)

    Uruguay    Holding      60.94 %      60.94 %      60.94 % 

Inversiones Basilea S.A. (8)

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

Ternium Mexico S.A. de C.V. (9)

    Mexico    Holding      88.72 %      88.72 %      88.72 % 

Hylsa S.A. de C.V. (19)

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

Las Encinas S.A. de C.V. (10)

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

Ferropak Comercial S.A. de C.V. (10)

    Mexico    Scrap services company      88.72 %      88.72 %      88.72 % 

Ferropak Servicios S.A. de C.V. (10)

    Mexico    Services      88.72 %      88.72 %      88.72 % 

Galvacer America Inc (10)

    USA    Distributing company      88.72 %      88.72 %      88.72 % 

Galvamet America Corp (10)

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

Transamerica E. & I. Trading Corp (10)

    USA    Scrap services company      88.72 %      88.72 %      88.72 % 

Técnica Industrial S.A. de C.V. (10)

    Mexico    Services      88.72 %      88.72 %      88.72 % 

Ternium Gas México S.A. de C.V. (formerly Sefimsa S.A. de C.V). (11)

    Mexico    Financial Services      88.72 %      88.72 %      88.72 % 

Ecore Holding S. de R.L. de C.V. (10)

    Mexico    Holding      88.72 %      88.72 %      88.72 % 

Neotec L.L.C. (10)

    USA    Holding      88.72 %      88.72 %      88.72 % 

Treasury Services S.A. de C.V. (10)

    Mexico    Financial Services      88.72 %      88.72 %      88.72 % 

APM, S.A. de C.V. (10)

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

Acedor, S.A. de C.V. (10)

    Mexico    Holding      88.72 %      88.72 %      88.72 % 

Acerus S.A. de C.V. (10)

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

Imsa Monclova S.A. de C.V. (12)

    Mexico    Services      —          88.72 %      88.72 % 

Ternium Internacional Guatemala S.A. (13)

    Guatemala    Selling of steel products      99.98 %      99.98 %      99.98 % 

Corporativo Grupo Imsa S.A. de C.V. (10)

    Mexico    Services      88.72 %      88.72 %      88.72 % 

Ternium USA Inc. (14)

    USA    Manufacturing and selling of steel products      100.00 %      88.72 %      88.72 % 

Consorcio Minero Benito Juarez Peña Colorada S.A. de C.V. (15)

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

Peña Colorada Servicios S.A. de C.V. (15)

    Mexico    Services      44.36 %      —          —     

Servicios Integrales Nova de Monterrey S.A. de C.V. (16)

    Mexico    Medical and Social Services      66.09 %      66.09 %      66.09 % 

Ternium Internacional Nicaragua S.A.

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

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

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

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

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

Ternium Internacional Costa Rica S.A.

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

Ferrasa S.A.S. (17)

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

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

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

Figuraciones S.A.S. (17)

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

Siderúrgica de Caldas S.A.S. (17)

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

Procesadora de Materiales Industriales S.A. (17)

    Colombia    Scrap services company      54.00 %      32.40 %      32.40 % 

Tenigal S. de R.L. de C.V. (18)

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

Ternium Investments Switzerland AG (2)

    Switzerland    Holding      100.00 %      100.00 %      100.00 % 

Ternium Internacional S.A. (19)

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

Ternium International Ecuador S.A. (20)

    Ecuador    Marketing of steel products      100.00 %      100.00 %      100.00 % 

Ternium International USA Corporation (20)

    USA    Marketing of steel products      100.00 %      100.00 %      100.00 % 

Ternium International B.V. (20)

    Netherlands    Marketing of steel products      100.00 %      100.00 %      100.00 % 

Ternium Internacional Perú S.A. (21)

    Peru    Marketing of steel products      —          —          100.00 % 

Ternium Internacional de Colombia S.A.S. (formerly Ternium Internacional de Colombia S.A.) (20)

    Colombia    Marketing of steel products      100.00 %      100.00 %      100.00 % 

Ternium Procurement S.A. (19)

    Uruguay    Procurement services      100.00 %      100.00 %      100.00 % 

Ternium International Inc. (19)

    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. (19)

    Uruguay    Financial Services      100.00 %      100.00 %      100.00 % 

Ternium Treasury Services B.V. (19)

    Netherlands    Financial Services      100.00 %      100.00 %      100.00 % 

Soluciones Integrales de Gestion S.A (24)

    Argentina    Other Services      100.00 %      —          —     

Ferrasa Panamá, S.A. (23)

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

Aceros Transformados de Panamá, S.A. (24)

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

Exiros B.V (15)

    Netherlands    Procurement and trading services      50.00 %      —          —     

 

(1) Indirectly through Ternium Investments S.à.r.l. Total voting rights held: 100.00%. Incorporated in the first quarter of 2011.
(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%.
(4) Since December 27, 2011, indirectly through Ternium Investments S.à.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.
(5) This company was dissolved as of January 8, 2013.
(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) This company was dissolved as of November 14, 2012.
(9) Indirectly through Siderar S.A.I.C., Ternium Internacional 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. and Tenigal S. de R.L. de C.V. Total voting rights held: 100.00%.
(12) Merged with Ternium Mexico S.A. de C.V. during the first quarter of 2013.
(13) Indirectly through Ternium Internacional España S.L.U. Total voting rights held: 100%.
(14) Since first quarter 2013, indirectly through Ternium Investments S.à.r.l. (100.00%). Total voting rights held: 100.00%. Before that, indirectly through Ternium Mexico S.A. de C.V.
(15) Total voting rights held: 50.00%. See note 14.
(16) Indirectly through Ternium Mexico S.A. de C.V. Total voting rights held: 74.50%.
(17) Indirectly through Ternium Internacional España S.L.U. Total voting rights held: 54.00%.
(18) Indirectly through Ternium Internacional España S.L.U. Total voting rights held: 51.00%.
(19) Indirectly through Ternium Investments Switzerland AG. Total voting rights held: 100.00%.
(20) Indirectly through Ternium Internacional S.A. Total voting rights held 100.00%.
(21) This company was dissolved as of February 18, 2012.
(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 in the third quarter of 2013.
(24) Indirectly through Ternium Investments S.à.r.l. and Ternium Treasury Services S.A. Total voting rights held: 100.00%. Incorporated in the second quarter of 2013.