EX-8.1 2 s105945_ex8-1.htm EXHIBIT 8.1

Exhibit 8.1

 

Principal subsidiaries

The following is a list of Ternium’s subsidiaries at December 31, 2016.

 

         Percentage of ownership
at December 31,		 
Company  Country of
Organization		  Main activity  2016   2015   2014 
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%
Siderar S.A.I.C. (2)  Argentina  Manufacturing and selling of flat steel products   60.94%   60.94%   60.94%
Impeco S.A. (3)  Argentina  Manufacturing of pipe products   60.97%   60.97%   60.97%
Prosid Investments S.A. (3)  Uruguay  Holding   60.94%   60.94%   60.94%
Ternium Mexico S.A. de C.V. (4)  Mexico  Holding   88.78%   88.72%   88.72%
Hylsa S.A. de C.V. (5)  Mexico  Manufacturing and selling of steel products   88.78%   88.72%   88.72%
Las Encinas S.A. de C.V. (5)  Mexico  Exploration, exploitation and pelletizing of iron ore   88.78%   88.72%   88.72%
Ferropak Comercial S.A. de C.V. (5)  Mexico  Scrap services company   88.78%   88.72%   88.72%
Galvacer America Inc (5)  USA  Distributing company   88.78%   88.72%   88.72%
Galvamet America Corp (5)  USA  Manufacturing and selling of insulated panel products   88.78%   88.72%   88.72%
Transamerica E. & I. Trading Corp. (5)  USA  Scrap services company   88.78%   88.72%   88.72%
Técnica Industrial S.A. de C.V. (5)  Mexico  Services   88.78%   88.72%   88.72%
Acedor, S.A. de C.V. (5)  Mexico  Holding   88.78%   88.72%   88.72%
Ternium Gas México S.A. de C.V. (6)  Mexico  Energy services company   88.78%   88.72%   88.72%
Ternium Internacional Guatemala S.A. (7)  Guatemala  Selling of steel products   99.98%   99.98%   99.98%
Consorcio Minero Benito Juarez Peña Colorada S.A.de C.V. (8)  Mexico  Exploration, exploitation and pelletizing of iron ore   44.39%   44.36%   44.36%
Peña Colorada Servicios S.A. de C.V. (8)  Mexico  Services   44.39%   44.36%   44.36%
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   66.14%   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   99.92%   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. (10)  Colombia  Manufacturing and selling of steel products   100.00%   100.00%   54.00%
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%   54.00%
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%   54.00%
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. (12)  Uruguay  Holding and marketing of steel products   100.00%   100.00%   100.00%
Ternium Procurement S.A. (12)  Uruguay  Procurement services   100.00%   100.00%   100.00%
Ternium International Inc. (12)  Panama  Marketing of steel products   100.00%   100.00%   100.00%

 

 

 

 

         Percentage of ownership
at December 31,		 
Company  Country of
Organization		  Main activity  2016   2015   2014 
Ternium Treasury Services S.A. (12)  Uruguay  Financial Services   100.00%   100.00%   100.00%
Ternium International USA Corporation (13)  USA  Marketing of steel products   100.00%   100.00%   100.00%
Ternium Internacional de Colombia S.A.S. (13)  Colombia  Marketing of steel products   100.00%   100.00%   100.00%
Ternium Internationaal B.V. (14)  Netherlands  Marketing of steel products   100.00%   100.00%   100.00%
Technology & Engineering Services S.A. (15)  Uruguay  Engineering and other services   100.00%   100.00%   100.00%
Ternium Ingeniería y Servicios de Argentina S.A. (16)  Argentina  Engineering and other services   -    -    100.00%
Ternium Ingeniería y Servicios de México S.A. de C.V.  Mexico  Engineering and other services   100.00%   100.00%   100.00%
Soluciones Integrales de Gestión S.A. (17)  Argentina  Other 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%
Procesadora de Materiales Industriales S.A. (19)  Colombia  Scrap services company   -    100.00%   54.00%
Ferropak Servicios S.A. de C.V. (20)  Mexico  Services   -    88.72%   88.72%
Corporativo Grupo Imsa S.A. de C.V. (20)  Mexico  Services   -    88.72%   88.72%
Ternium International Ecuador S.A. (21)  Ecuador  Marketing of steel products   -    100.00%   100.00%

 

(1)Indirectly through Ternium Investments S.à.r.l. Total voting rights held: 100.00%.
(2)Indirectly through Ternium Internacional España S.L.U. Total voting rights held: 60.94%.
(3)Indirectly through Siderar S.A.I.C and Ternium Internacional S.A. Total voting rights held 100.00%.
(4)Indirectly through Siderar S.A.I.C., Ternium Internacional S.A. and Ternium Internacional España S.L.U. Total voting rights held 100.00%.
(5)Indirectly through Ternium Mexico S.A. de C.V. Total voting rights held: 100.00%.
(6)Indirectly through Ternium Mexico S.A. de C.V. and Tenigal S. de R.L. de C.V. Total voting rights held: 100.00%.
(7)Indirectly through Ternium Internacional España S.L.U. Total voting rights held: 100%.
(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.U.. Total voting rights held: 100.00%.
(11)Indirectly through Ternium Internacional España S.L.U.. Total voting rights held: 51.00%.
(12)Indirectly through Ternium Investments Switzerland AG. Total voting rights held: 100.00%.
(13)Indirectly through Ternium Internacional S.A. Total voting rights held 100.00%.
(14)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.
(15)Since second quarter 2016, indirectly through Ternium Investments Switzerland AG. Total voting rights held 100.00%. Before that, indirectly through Ternium Internacional Inc.
(16)Merged with Soluciones Integrales de Gestión S.A. during the third quarter of 2015.
(17)Since third quarter 2016, indirectly through Ternium Investments S.à.r.l. and Technology & Engineering Services S.A. Total voting rights held: 100.00%. Since third quarter 2015, indirectly through Ternium Investments S.à.r.l.,Ternium Internacional España S.L.U. and Technology & Engineering Services S.A. Before that, indirectly through Ternium Investments S.à.r.l. and Ternium Treasury Services S.A.
(18)These companies were sold during the first quarter of 2015.
(19)This company was dissolved as of December 6, 2016.
(20)Merged with Hylsa S.A. de C.V. during the fourth quarter of 2016.
(21)This company was dissolved as of September 27, 2016.