EX-8.1 2 s103080_ex8-1.htm EXHIBIT 8-1

 

Exhibit 8.1

 

Principal subsidiaries

 

The following is a list of Ternium’s subsidiaries at December 31, 2015.

 

   Country of    

Percentage of ownership at

December 31,

 
Company  Organization  Main activity  2015   2014   2013 
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. (1)  Brazil  Holding   100.00%   100.00%   100.00%
Ternium Investments Switzerland AG (1)  Switzerland  Holding   100.00%   100.00%   100.00%
Ternium Internacional España S.L.U. (1)  Spain  Marketing of steel products   100.00%   100.00%   100.00%
Ternium USA Inc. (1)  USA  Manufacturing and selling of steel products   100.00%   100.00%   100.00%
Siderúrgica do Norte Fluminense S.A. (2)  Brazil  Manufacturing and selling of steel products           100.00%
Consorcio Siderurgia Amazonia S.L. (3)  Spain  Holding           94.38%
Siderar S.A.I.C. (4)  Argentina  Manufacturing and selling of flat steel products   60.94%   60.94%   60.94%
Impeco S.A. (5)  Argentina  Manufacturing of pipe products   60.97%   60.97%   60.97%
Prosid Investments S.C.A. (5)  Uruguay  Holding   60.94%   60.94%   60.94%
Ternium Mexico S.A. de C.V. (6)  Mexico  Holding   88.72%   88.72%   88.72%
Hylsa S.A. de C.V. (7)  Mexico  Manufacturing and selling of steel products   88.72%   88.72%   88.72%
Las Encinas S.A. de C.V. (7)  Mexico  Exploration, exploitation and pelletizing of iron ore   88.72%   88.72%   88.72%
Ferropak Comercial S.A. de C.V. (7)  Mexico  Scrap services company   88.72%   88.72%   88.72%
Ferropak Servicios S.A. de C.V. (7)  Mexico  Services   88.72%   88.72%   88.72%
Galvacer America Inc (7)  USA  Distributing company   88.72%   88.72%   88.72%
Galvamet America Corp (7)  USA  Manufacturing and selling of insulated panel products   88.72%   88.72%   88.72%
Transamerica E. & I. Trading Corp. (7)  USA  Scrap services company   88.72%   88.72%   88.72%
Técnica Industrial S.A. de C.V. (7)  Mexico  Services   88.72%   88.72%   88.72%
Corporativo Grupo Imsa S.A. de C.V. (7)  Mexico  Services   88.72%   88.72%   88.72%
Acedor, S.A. de C.V. (7)  Mexico  Holding   88.72%   88.72%   88.72%
Ternium Gas México S.A. de C.V. (8)  Mexico  Financial Services   88.72%   88.72%   88.72%
Ecore Holding S. de R.L. de C.V. (9)  Mexico  Holding           88.72%
Treasury Services S.A. de C.V. (9)  Mexico  Financial Services           88.72%
APM, S.A. de C.V. (9)  Mexico  Manufacturing and selling of steel products           88.72%
Acerus S.A. de C.V. (9)  Mexico  Manufacturing and selling of steel products           88.72%
Neotec L.L.C. (10)  USA  Holding           88.72%
Ternium Internacional Guatemala S.A. (11)  Guatemala  Selling of steel products   99.98%   99.98%   99.98%

 

 

 

 

   Country of    

Percentage of ownership at

December 31,

 
Company  Organization  Main activity  2015   2014   2013 
Consorcio Minero Benito Juarez Peña Colorada S.A. de C.V. (12)  Mexico  Exploration, exploitation and pelletizing of iron ore   44.36%   44.36%   44.36%
Peña Colorada Servicios S.A. de C.V. (12)  Mexico  Services   44.36%   44.36%   44.36%
Exiros B.V. (12)  Netherlands  Procurement and trading services   50.00%   50.00%   50.00%
Servicios Integrales Nova de Monterrey S.A. de C.V. (13)  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. (14)  Colombia  Manufacturing and selling of steel products   100.00%   54.00%   54.00%
Perfilamos del Cauca S.A.S. (14)  Colombia  Manufacturing and selling of steel products   100.00%   54.00%   54.00%
Siderúrgica de Caldas S.A.S. (14)  Colombia  Manufacturing and selling of steel products   100.00%   54.00%   54.00%
Procesadora de Materiales Industriales S.A. (14)  Colombia  Scrap services company   100.00%   54.00%   54.00%
Figuraciones S.A.S. (15)  Colombia  Manufacturing and selling of steel products           54.00%
Tenigal S. de R.L. de C.V. (16)  Mexico  Manufacturing and selling of steel products   51.00%   51.00%   51.00%
Ternium Internacional S.A. (17)  Uruguay  Holding and marketing of steel products   100.00%   100.00%   100.00%
Ternium Procurement S.A. (17)  Uruguay  Procurement services   100.00%   100.00%   100.00%
Ternium International Inc. (17)  Panama  Marketing of steel products   100.00%   100.00%   100.00%
Ternium Treasury Services S.A. (17)  Uruguay  Financial Services   100.00%   100.00%   100.00%
Ternium International Ecuador S.A. (18)  Ecuador  Marketing of steel products   100.00%   100.00%   100.00%
Ternium International USA Corporation (19)  USA  Marketing of steel products   100.00%   100.00%   100.00%
Ternium Internacional de Colombia S.A.S. (19)  Colombia  Marketing of steel products   100.00%   100.00%   100.00%
Ternium Internationaal B.V. (20)  Netherlands  Marketing of steel products   100.00%   100.00%   100.00%
Ternium Engineering Services S.A. (formerly Ternium Engineering & Services S.A.) (21)  Uruguay  Engineering and other services   100.00%   100.00%   100.00%
Ternium Ingeniería y Servicios de Argentina S.A. (22)  Argentina  Engineering and other services       100.00%   100.00%
Ternium Ingeniería y Servicios de México S.A. de C.V.  Mexico  Engineering and other services   100.00%   100.00%   100.00%
Ternium Treasury Services B.V. (23)  Netherlands  Financial Services           100.00%
Soluciones Integrales de Gestión S.A. (24)  Argentina  Other services   100.00%   100.00%   100.00%
Ferrasa Panamá, S.A. (25)  Panama  Manufacturing and selling of steel products       54.00%   54.00%
Aceros Transformados de Panamá, S.A. (25)  Panama  Manufacturing and selling of steel products       54.00%   54.00%

  

 

 

 

(1)Indirectly through Ternium Investments S.à.r.l. Total voting rights held: 100.00%.
(2)This company was sold as of January 9, 2014.
(3)This company was dissolved as of December 17, 2014.
(4)Indirectly through Ternium Internacional España S.L.U. Total voting rights held: 60.94%.
(5)Indirectly through Siderar S.A.I.C and Ternium Internacional S.A. Total voting rights held 100.00%.
(6)Indirectly through Siderar S.A.I.C., Ternium Internacional S.A. and Ternium Internacional España S.L.U. Total voting rights held 99.93%.
(7)Indirectly through Ternium Mexico S.A. de C.V. Total voting rights held: 100.00%.
(8)Indirectly through Ternium Mexico S.A. de C.V. and Tenigal S. de R.L. de C.V. Total voting rights held: 100.00%.
(9)Merged with Ternium Mexico S.A. de C.V. during the first quarter of 2014.
(10)This company was dissolved as of September 5, 2014.
(11)Indirectly through Ternium Internacional España S.L.U. Total voting rights held: 100%.
(12)Total voting rights held: 50%.
(13)Indirectly through Ternium Mexico S.A. de C.V. Total voting rights held: 74.50%.
(14)Indirectly through Ternium Internacional España S.L.U. Total voting rights held: 100.00%.
(15)This Company was dissolved as of December 24, 2014.
(16)Indirectly through Ternium Internacional España S.L.U.. Total voting rights held: 51.00%.
(17)Indirectly through Ternium Investments Switzerland AG. Total voting rights held: 100.00%.
(18)Indirectly through Ternium Internacional S.A. and Ternium Internationaal B.V. Total voting rights held 100.00%.
(19)Indirectly through Ternium Internacional S.A. Total voting rights held 100.00%.
(20)Since fourth quarter 2014, indirectly through Ternium Investments Switzerland AG (100.00%). Total voting rights held: 100.00%. Before that, indirectly through Ternium Internacional S.A.
(21)Indirectly through Ternium Internacional Inc.. Total voting rights held 100.00%.
(22)Merged with Soluciones Integrales de Gestión S.A. during the third quarter of 2015.
(23)Merged with Ternium Internationaal B.V. during the fourth quarter of 2014
(24)Since third quarter 2015, indirectly through Ternium Investments S.à.r.l.,Ternium Internacional España S.L.U. and Technology & Engineering Services S.A. Total voting rights held: 100.00%. Before that, indirectly through Ternium Investments S.à.r.l. and Ternium Treasury Services S.A.
(25)These companies were sold during the first quarter of 2015.