Welcome to our dedicated page for Ternium news (Ticker: TX), a resource for investors and traders seeking the latest updates and insights on Ternium stock.
Ternium S.A. (TX) delivers essential steel solutions through integrated manufacturing and mining operations across the Americas. This news hub provides investors and industry professionals with comprehensive updates on the company's strategic initiatives, financial performance, and market positioning.
Access authoritative reporting on earnings announcements, production innovations, and leadership developments. Our curated collection includes press releases about facility expansions, sustainability efforts, and partnerships shaping the steel industry.
Key updates cover operational milestones in Mexico and Argentina, technological advancements in steel processing, and market analyses impacting construction and automotive sectors. Track regulatory developments and raw material supply chain updates critical to Ternium's integrated business model.
Bookmark this page for streamlined access to verified information about TX's mining operations, product innovations, and financial disclosures. Check regularly for insights into Latin America's steel market dynamics and Ternium's role in regional infrastructure development.
Ternium (NYSE:TX) has been ordered by the Brazilian Superior Court of Justice (SCJ) to pay Companhia Siderúrgica Nacional (CSN) an indemnification linked to its 2012 acquisition of a stake in Usiminas. The case, which alleges that Ternium’s subsidiaries failed to launch a required tag-along tender offer, saw initial rulings in favor of Ternium. However, the SCJ reversed its decision on June 18, 2024, awarding CSN an indemnification that could total up to BRL3.2 billion (approx. $0.6 billion) from Ternium Investments and BRL1.1 billion (approx. $0.2 billion) from Ternium Argentina. Despite these findings, Ternium maintains that the claims lack merit and plans to appeal the decision.
Ternium S.A. (NYSE:TX) shareholders approved all resolutions at the annual general meeting held on April 30, 2024. This included the approval of financial statements for the year ended December 31, 2023, and a proposed annual dividend of $0.33 per share ($3.30 per ADS). The meeting also re-elected current board members and appointed auditors for the fiscal year ending December 31, 2024. Mr. Paolo Rocca was re-appointed as chairman, Mr. Daniel Agustín Novegil as vice-chairman, and Mr. Máximo Vedoya as chief executive officer.
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