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 8/29/2008
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 updating market on Sidor
nationalization process.
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: August 29,
2008
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Sebastián
Martí
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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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Ternium
Updates Market on Sidor Nationalization Process
Luxembourg,
August 29, 2008 – Ternium S.A. (NYSE: TX) announces that the President of the
Bolivarian Republic of Venezuela has publicly stated his rejection of the latest
proposal submitted by Ternium to the Venezuelan authorities as part of their
negotiations on the compensation payable to Ternium in connection with the Sidor
nationalization announced last April. Following the President’s
statement, Ternium has requested the Venezuelan authorities to resume the
negotiations, which commenced over four months ago. Ternium continues
to reserve all of its rights under contracts, Venezuelan and international law,
including in particular bilateral investment treaties protecting the investment
of Ternium and its affiliates. Ternium believes that it is entitled to receive
for its interest in Sidor adequate compensation that is not subject to any
adjustments or claims, as communicated by its representatives to the Venezuelan
authorities on several occasions during the negotiation process.
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.