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Examples
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Industrial conglomerate Techint, which controls Ternium and steel-tube maker Tenaris SA, has been sparring with the government over its plans to place at least one controversial official on the company's board.
Argentina Stock Exchange Suspends Siderar Trading Taos Turner 2011
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Daniel Novegil, chief executive of Ternium S.A., a steelmaker with principal operations in Argentina and Mexico, said the company is expanding mostly in Latin America and Mexico to be close to raw materials and expanding markets in Brazil, Peru and Chile.
China Steps Up Its Steelmaking Game Robert Guy Matthews 2010
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Representatives of Ternium SA, Siderar's parent company, weren't immediately available to comment.
Argentina Stock Exchange Suspends Siderar Trading Taos Turner 2011
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This week, Ternium said it formed a $350 million joint venture with Nippon Steel to make higher margin automotive-grade steel in Mexico to service the car manufacturers there.
China Steps Up Its Steelmaking Game Robert Guy Matthews 2010
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If Venezuela follows the pattern of its previous takeovers, it will pay Ternium for some or all of the local unit.
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Ternium said in a statement that the company "awaits the opportunity to engage in discussions with the Venezuelan authorities."
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American depositary receipts of steel company Ternium gave back 4.01, or 10%, to 34.67, with the Venezuelan government confirming it would move to nationalize Sidor, the company's Venezuelan unit.
UPS Declines 3.7% 2008
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Ternium-Sidor Chief Executive Ricardo Prosperi said in a news conference that he couldn't comment on Mr. Carrizales's accusation.
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Ternium is controlled by Argentine-Italian conglomerate Techint Group.
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Besides Ternium, Sidor shareholders include the Venezuelan government, with 20%, and current and former employees, who hold the rest.
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