FORM
6 - K
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Report
of Foreign Private Issuer
Pursuant
to Rule 13a - 16 or 15d - 16 of
the
Securities Exchange Act of 1934
As
of 2/01/2008
Ternium
S.A.
(Translation
of Registrant's name into English)
Ternium
S.A.
46a,
Avenue John F. Kennedy – 2nd floor
L-1855
Luxembourg
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover Form 20-F or 40-F.
Form
20-F
R
Form 40-F £
Indicate
by check mark whether the registrant by furnishing the information contained
in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12G3-2(b) under the Securities Exchange Act of 1934.
Yes
£
No R
If
“Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):
Not
applicable
The
attached material is being furnished to the Securities and Exchange Commission
pursuant to Rule 13a-16 and Form 6-K under the Securities Exchange Act of 1934,
as amended.
This
report contains Ternium S.A.’s press release announcing Ternium completes sale
of non-core U.S. assets.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant
has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
TERNIUM
S.A.
By:
/s/
Roberto
Philipps
Name:
Roberto Philipps
Title:
Chief Financial Officer
Dated:
February 1, 2008
 |
 |
Sebastián
Martí
Ternium
- Investor Relations
+1 (866)
890 0443
+52
(81)
8865 2111
+54
(11)
4018 2389
www.ternium.com
Ternium
Completes Sale of Non-Core U.S. Assets
Luxembourg,
February 1, 2008 – Ternium S.A. (NYSE: TX) announced today that its subsidiary,
IMSA Acero S.A. de C.V., has completed the previously announced sale of its
interests in Steelscape, Inc., ASC Profiles Inc., Varco Pruden Buildings Inc.
and Metl-Span LLC to BlueScope Steel North America Corporation, a subsidiary
of
BlueScope Steel Limited (ASX: BSL), for a total consideration of US$726
million. Ternium will use the proceeds of the sale to prepay
financial debt.
Ternium
sold the assets after determining that they were not a strategic fit with its
production system. The Company continues to own Steelscape’s
Shreveport, LA plant, which has already been integrated into its
operations. Ternium also has retained its pre-engineered metal buildings
and insulated steel panels businesses in Mexico.
Daniel
Novegil, Chief Executive Officer of Ternium, said: “We are very pleased with the
completion of this transaction, as it enables us to focus on our core businesses
in the Americas. We will continue working to increase our penetration
of attractive market segments in which we believe we can compete and add value
to steel-consuming customers.”
Forward
Looking Statements
Some
of the statements contained in this press release are “forward-looking
statements”. Forward-looking statements are based on management’s
current views and assumptions and involve known and unknown risks that could
cause actual results, performance or events to differ materially from those
expressed or implied by those statements. These risks include but are
not limited to risks arising from uncertainties as to gross domestic product,
related market demand, global production capacity, tariffs, cyclicality in
the
industries that purchase steel products and other factors beyond Ternium’s
control.
About
Ternium
Ternium
is one of the leading steel companies in the Americas, offering a wide range
of
flat and long steel products. With its main operations in Mexico,
Venezuela and Argentina and 21,000 employees, Ternium has annual sales of
approximately US$10 billion and annual shipments of approximately 12 million
tons of finished steel products. More information about Ternium is
available at www.ternium.com.