EX-8.1 2 exhibit81listofsubsidiarie.htm EXHIBIT 8.1 Exhibit

EXHIBIT 8.1
Principal subsidiaries
The following is a list of Ternium’s subsidiaries at December 31, 2019.
Company
 
Country of Organization
 
Main activity
 
Percentage of ownership
at December 31,
 
 
 
 
 
2019
 
2018
 
2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 Participaçoes S.A. (1) (formerly Ternium Brasil S.A.)
 
Brazil
 
Holding
 
100,00%

 
100,00%

 
100.00
%
 
 
Ternium Internacional España S.L. (1)
 
Spain
 
Holding and marketing of steel products
 
100,00%

 
100,00%

 
100.00
%
 
 
Ternium Investments Switzerland AG (1)
 
Switzerland
 
Holding
 
100,00%

 
100,00%

 
100.00
%
 
 
Ternium USA Inc. (1)
 
USA
 
Manufacturing and selling of steel products
 
100,00%

 
100,00%

 
100.00
%
 
 
Ternium Argentina S.A. (formerly Siderar S.A.I.C.) (2)
 
Argentina
 
Manufacturing and selling of flat steel products
 
61,50%

 
60,94%

 
60.94
%
 
 
Impeco S.A. (3)
 
Argentina
 
Manufacturing of pipe products
 
61,54%

 
60,97%

 
60.97
%
 
 
Prosid Investments S.A. (4)
 
Uruguay
 
Holding
 
61,51%

 
60,94%

 
60.94
%
 
 
Ternium Mexico S.A. de C.V. (5)
 
Mexico
 
Manufacturing and selling of steel products
 
88,94%

 
88,78%

 
88.78
%
 
 
Hylsa S.A. de C.V. (6)
 
Mexico
 
Manufacturing and selling of steel products
 
88,94%

 
88,78%

 
88.78
%
 
 
Las Encinas S.A. de C.V. (6)
 
Mexico
 
Exploration, exploitation and pelletizing of iron ore
 
88,94%

 
88,78%

 
88.78
%
 
 
Ferropak Comercial S.A. de C.V. (6)
 
Mexico
 
Scrap services company
 
88,94%

 
88,78%

 
88.78
%
 
 
Transamerica E. & I. Trading Corp. (6)
 
USA
 
Scrap services company
 
88,94%

 
88,78%

 
88.78
%
 
 
Técnica Industrial S.A. de C.V. (6)
 
Mexico
 
Services
 
88,94%

 
88,78%

 
88.78
%
 
 
Galvacer Chile S.A. (6)
 
Chile
 
Distributing company
 
88,94%

 
88,78%

 
88,78%
 
 
 
Ternium Gas México S.A. de C.V. (7)
 
Mexico
 
Energy services company
 
88,94%

 
88,78%

 
88.78
%
 
 
Consorcio Minero Benito Juarez Peña Colorada S.A.de C.V. (8)
 
Mexico
 
Exploration, exploitation and pelletizing of iron ore
 
44,47%

 
44,39%

 
44.39
%
 
 
Peña Colorada Servicios S.A. de C.V. (8)
 
Mexico
 
Services
 
44,47%

 
44,39%

 
44.39
%
 
 
Exiros B.V. (8)
 
Netherlands
 
Procurement and trading services
 
50.00
%
 
50.00
%
 
50.00
%
 
 
Servicios Integrales Nova de Monterrey S.A. de C.V. (9)
 
Mexico
 
Medical and Social Services
 
66,26%

 
66,14%

 
66.14
%
 
 
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
 
99,92%

 
99,92%

 
99.92
%
 
 
Ternium Internacional Costa Rica S.A.
 
Costa Rica
 
Manufacturing and selling of steel products
 
99,98%

 
99,98%

 
99.98
%
 
 
Ternium Internacional Guatemala S.A. (10)
 
Guatemala
 
Manufacturing and selling of steel products
 
99,98%

 
99,98%

 
99.98
%
 
 
Ternium Colombia S.A.S. (formerly Ferrasa S.A.S.) (10)
 
Colombia
 
Manufacturing and selling of steel products
 
100,00%

 
100,00%

 
100.00
%
 
 
Ternium del Cauca S.A.S. (formerly Perfilamos del Cauca S.A.S.) (10)
 
Colombia
 
Manufacturing and selling of steel products
 
100,00%

 
100,00%

 
100.00
%
 
 
Ternium Siderúrgica de Caldas S.A.S. (formerly Siderúrgica de Caldas S.A.S.) (10)
 
Colombia
 
Manufacturing and selling of steel products
 
100,00%

 
100,00%

 
100.00
%
 
 
Tenigal S. de R.L. de C.V. (11)
 
Mexico
 
Manufacturing and selling of steel products
 
51,00%

 
51,00%

 
51.00
%
 
 
Ternium Internacional S.A.
 
Uruguay
 
Marketing of steel products
 
100,00%

 
100,00%

 
100.00
%
 
 
Ternium Treasury Services S.A.
 
Uruguay
 
Financial Services
 
100,00%

 
100,00%

 
100.00
%
 
 
Ternium Internationaal B.V. (12)
 
Netherlands
 
Marketing of steel products
 
100,00%

 
100,00%

 
100.00
%
 
 
Company
 
Country of Organization
 
Main activity
 
Percentage of ownership
at December 31,
 
 
 
 
2019
 
2018
 
2017
 
 
 
 
 
 
 
 
 
 
 
Ternium International Inc. (12)
 
Panama
 
Marketing of steel products
 
100,00%
 
100,00%
 
100.00
%
Ternium Procurement S.A. (13)
 
Uruguay
 
Marketing of steel products and procurement services
 
100,00%
 
100,00%
 
100.00
%



Technology & Engineering Services S.A. (13)
 
Uruguay
 
Engineering and other services
 
100,00%
 
100,00%
 
100.00
%
Soluciones Integrales de Gestión S.A. (14)
 
Argentina
 
Other services
 
100,00%
 
100,00%
 
100.00
%
Ternium Staal B.V. (15)
 
Netherlands
 
Holding and marketing of steel products
 
100,00%
 
100,00%
 
100,00%
 
Ternium Brasil Ltda. (15)
 
Brazil
 
Manufacturing and selling of steel products
 
100,00%
 
100,00%
 
100,00%
 
Ternium del Atlántico S.A.S (16)
 
Colombia
 
Manufacturing and selling of steel products
 
100,00%
 
100,00%
 
100,00%
 
Ternium Solutions S.A. (fomerly Tericer Trading S.A.) (17)
 
Uruguay
 
Other services
 
100,00%
 
100,00%
 
-
 
Imsamex Ecuador S.A. (18)
 
Ecuador
 
Distributing company
 
-
 
88,78%
 
88,78%
 
Ternium Solutions A.G. (19)
 
Switzerland
 
Other services
 
-
 
100,00%
 
100.00
%
Ternium Ingeniería y Servicios de México S.A. de C.V. (20)
 
Mexico
 
Engineering and other services
 
-
 
99,89%
 
99,89%
 
Ternium International USA Corporation (21)
 
USA
 
Marketing of steel products
 
-
 
100,00%
 
100.00
%
Acedor S.A. de C.V. (22)
 
Mexico
 
Holding
 
-
 
-
 
88.78
%
Ecosteel Gestao de Águas Industriais S.A. (23)
 
Brazil
 
Other services
 
-
 
-
 
100,00%
 
Ecosteel Gestao de Efuentes Industriais S.A. (24)
 
Brazil
 
Other services
 
-
 
-
 
100,00%
 
Galvatubing Inc. (25)
 
USA
 
Manufacturing and selling of pipe products
 
-
 
-
 
88.78
%
Galvamet America Corp. (26)
 
USA
 
Manufacturing and selling of insulated panel products
 
-
 
-
 
88.78
%
Ternium Internacional de Colombia S.A.S. (27)
 
Colombia
 
Marketing of steel products
 
-
 
-
 
100.00
%

(1) Indirectly through Ternium Investments S.à.r.l. Total voting rights held: 100.00%.
(2) Since the third quarter of 2019, indirectly through Ternium Internacional España S.L. Total voting rights held 61.50%. Before that, indirectly through Ternium Internacional España S.L. total voting rights was 60.94%; During the fourth quarter of 2017, Siderar S.A.I.C. changed its business name to Ternium Argentina S.A.
(3) Since the fourth quarter of 2017, indirectly through Ternium Argentina S.A. and Soluciones Integrales de Gestión S.A. Total voting rights held 100.00%. Before that, indirectly through Ternium Argentina S.A. and Ternium Internacional S.A.
(4) Since the fourth quarter of 2017, indirectly through Ternium Argentina S.A. and Ternium Procurement S.A. Total voting rights held 100.00%. Before that, indirectly through Ternium Argentina S.A. and Ternium Internacional S.A.
(5) Since the fourth quarter of 2017, indirectly through Ternium Argentina S.A. and Ternium Internacional España S.L. Total voting rights held 100.00%. Before that, indirectly through Ternium Argentina S.A., Ternium Internacional S.A. and Ternium Internacional España S.L.
(6) Indirectly through Ternium Mexico S.A. de C.V. Total voting rights held: 100.00%.
(7) Indirectly through Ternium Mexico S.A. de C.V. and Tenigal S. de R.L. de C.V. Total voting rights held: 100.00%.
(8) Total voting rights held: 50.00%.
(9) Indirectly through Ternium Mexico S.A. de C.V. Total voting rights held: 74.50%.
(10) Indirectly through Ternium Internacional España S.L. Total voting rights held: 100.00%.
(11) Indirectly through Ternium Internacional España S.L. Total voting rights held: 51.00%.
(12) Since the third quarter of 2017, indirectly through Ternium Investments S.à r.l. Total voting rights held: 100.00%. Before that, indirectly through Ternium Investments Switzerland AG.
(13) Since the third quarter of 2017, indirectly through Ternium Internacional España S.L. Total voting rights held: 100.00%. Before that, indirectly through Ternium Investments Switzerland AG.
(14) Since the third quarter of 2017, indirectly through Ternium Investments S.à r.l. and Ternium Internacional España S.L. Total voting rights held 100.00%. Before that, indirectly through Ternium Investments S.à r.l. and Technology and Engineering Services S.A.
(15) Indirectly through Ternium Investments S.à.r.l. Total voting rights held: 100.00%.
(16) Indirectly through Ternium Internacional España S.L.. Total voting rights held: 100.00%.
(17) Indirectly through Ternium Investments S.à.r.l. Total voting rights held: 100.00%.



(18) This company was dissolved as of December 19, 2019.
(19) This company was dissolved as of July 3, 2019.
(20) This company was dissolved as of March 29, 2019.
(21) Merged with Ternium USA Inc. during the first quarter of 2019.
(22) Merged with Ternium México S.A. de C.V. during the fourth quarter of 2018.
(23) This company was dissolved as of December 3, 2018.
(24) This company was dissolved as of May 4, 2018.
(25) This company was dissolved as of July 19, 2018.
(26) This company was dissolved as of August 3, 2018.
(27) This company was dissolved as of October 3, 2018.