Ternium To Invest $1.4 Billion In Latin America

Luxembourg-based flat steelmaker Ternium, owned by Argentina’s Techint, is to invest $1.4 billion over the next three years in its Latin American operations. The company has steel operations in Argentina (Siderar), Mexico (Hylsamex) and Venezuela (Sidor) with a combined annual production capacity of 10.8 million tonnes. The company plans to increase capacity up to 12 million tonnes before 2009.