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.
