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 2/9/2010
Ternium
S.A.
(Translation
of Registrant's name into English)
Ternium
S.A.
46a,
Avenue John F. Kennedy – 2nd floor
L-1855
Luxembourg
(352)
4661-11-3815
(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 ü 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 ü
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 informing market on current status
of Sidor compensation payments.
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 | By: /s/ Daniel Novegil |
| Name: Roberto Philipps | Name: Daniel Novegil |
| Title: Chief Financial Officer | Title: Chief Executive Officer |
Dated:
February 9, 2010
Ternium
Informs Market on Current Status of Sidor Compensation Payments
LUXEMBOURG--(Marketwire
- February 9, 2010) - Ternium S.A. (NYSE: TX) announces that it did not receive
the Sidor compensation payments required to be made yesterday by Corporación
Venezolana de Guayana, or CVG. These payments consist of a US$157.5 million
principal installment, plus interest, due under the first tranche, and US$141.4
million mandatory prepayment, plus interest, due under the second tranche. The
total balance of the Sidor compensation payments outstanding as of the date
hereof amounts to US$1.02 billion, plus interest.
Under the
May 7, 2009 agreements governing the transfer of Ternium's interest in Sidor to
Venezuela, CVG has 15 days to cure any payment default under either tranche.
Ternium has no indication that CVG will not pay the amounts currently owed to it
in the coming days.
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 a leading steel company in Latin America, which manufactures and processes a
wide range of flat and long steel products for customers active in the
construction, home appliances, capital goods, container, food, energy and
automotive industries. With its principal operations in Mexico and Argentina,
Ternium serves markets in the Americas through an integrated manufacturing
system and an extensive distribution network. The Company has an annual
production capacity of approximately 9 million tons of finished steel products.
More information about Ternium is available at
www.ternium.com.
Sebastián
Martí
Ternium -
Investor Relations
+1 (866)
890 0443
+54 (11)
4018 2389
www.ternium.com