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 7/14/2008
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
þ Form 40-F
o
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 o No þ
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 Venezuela assumes
operational control of Sidor.
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: July 14,
2008
Sebastián
Martí
Ternium
- Investor Relations
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USA
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+1 (866)
890 0443
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Mexico
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+52
(81) 8865 2111
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Argentina
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+54
(11) 4018 2389
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www.ternium.com
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Venezuela Assumes Operational Control of
Sidor
Luxembourg,
July 14, 2008 – Ternium S.A. (NYSE: TX) announced that, upon expiration of the
term contemplated under Venezuela’s Decree Law 6058 (the
“Decree”), Venezuela, acting through Corporación Venezolana de Guayana, or
CVG, has assumed operational control of Sidor. Following the change
in operational control, CVG has assumed complete responsibility over Sidor’s
operations; Sidor’s board of directors will cease to function, and Sidor’s
operations will be managed by a 6-member temporary operating committee, the
majority of which members will be appointed by CVG. Ternium, however, has not
yet transferred its ownership interest in Sidor to
Venezuela.
The term
provided in the Decree for the negotiation of the conditions under which all or a
significant part of Ternium’s interest in Sidor will be transferred to
Venezuela and of proposed future business
relationships between Ternium and Sidor, has been extended until August 18,
2008.
Ternium continues to reserve all of its
rights under contracts, investment treaties and Venezuelan and international law
and to
evaluate its options in realizing the fair value of its interest in
Sidor.
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 Latin
America, manufacturing and
processing a wide range of flat and long steel products for customers active in
the construction, home appliances, capital goods, container, food and automotive
industries. With its principal operations in Mexico and Argentina, Ternium serves markets in the
Americas through its integrated manufacturing
system and extensive distribution network. The Company has annual
sales of approximately US$10 billion and ships approximately 8 million tons of
steel products each year. More information about Ternium is
available at www.ternium.com.