EX-8.1 4 exhibit81listofsubsidiarie.htm EX-8.1
EXHIBIT 8.1
Principal subsidiaries
The following is a list of Ternium’s subsidiaries at December 31, 2020.

Company |  | Country of Organization |  | Main activity |  | Percentage of ownership at December 31,
|  |  | 2020 |  | 2019 |  | 2018
Ternium S.A. |  | Luxembourg |  | Holding |  | 100.00 | % |  | 100.00 | % |  | 100.00 | %
Ternium Investments S.à.r.l. |  | Luxembourg |  | Holding |  | 100.00 | % |  | 100.00 | % |  | 100.00 | %
Ternium Internacional España S.L. (1) |  | Spain |  | Holding and marketing of steel products |  | 100.00 | % |  | 100.00 | % |  | 100.00 | %
Ternium USA Inc. (1) |  | USA |  | Manufacturing and selling of steel products |  | 100.00 | % |  | 100.00 | % |  | 100.00 | %
Ternium Solutions S.A. (formerly Tericer Trading S.A.) (1) |  | Uruguay |  | Other services |  | 100.00 | % |  | 100.00 | % |  | 100.00 | %
Ternium Internationaal B.V. (1) |  | Netherlands |  | Marketing of steel products |  | 100.00 | % |  | 100.00 | % |  | 100.00 | %
Ternium Argentina S.A. (2) |  | Argentina |  | Manufacturing and selling of flat steel products |  | 62.46 | % |  | 61.50 | % |  | 60.94 | %
Impeco S.A. (3) |  | Argentina |  | Manufacturing of pipe products |  | 62.49 | % |  | 61.54 | % |  | 60.97 | %
Prosid Investments S.A. (4) |  | Uruguay |  | Holding |  | 62.46 | % |  | 61.51 | % |  | 60.94 | %
Ternium Mexico S.A. de C.V. (5) |  | Mexico |  | Manufacturing and selling of steel products |  | 89.21 | % |  | 88.94 | % |  | 88.78 | %
Hylsa S.A. de C.V. (6) |  | Mexico |  | Manufacturing and selling of steel products |  | 89.21 | % |  | 88.94 | % |  | 88.78 | %
Las Encinas S.A. de C.V. (6) |  | Mexico |  | Exploration, exploitation and pelletizing of iron ore |  | 89.21 | % |  | 88.94 | % |  | 88.78 | %
Ferropak Comercial S.A. de C.V. (6) |  | Mexico |  | Scrap services company |  | 89.21 | % |  | 88.94 | % |  | 88.78 | %
Transamerica E. & I. Trading Corp. (6) |  | USA |  | Scrap services company |  | 89.21 | % |  | 88.94 | % |  | 88.78 | %
Técnica Industrial S.A. de C.V. (6) |  | Mexico |  | Services |  | 89.21 | % |  | 88.94 | % |  | 88.78 | %
Galvacer Chile S.A. (6) |  | Chile |  | Distributing company |  | 89.21 | % |  | 88.94 | % |  | 88.78 | %
Ternium Gas México S.A. de C.V. (7) |  | Mexico |  | Energy services company |  | 89.21 | % |  | 88.94 | % |  | 88.78 | %
Consorcio Minero Benito Juarez Peña Colorada S.A.de C.V. (8) |  | Mexico |  | Exploration, exploitation and pelletizing of iron ore |  | 44.61 | % |  | 44.47 | % |  | 44.39 | %
Peña Colorada Servicios S.A. de C.V. (8) |  | Mexico |  | Services |  | 44.61 | % |  | 44.47 | % |  | 44.39 | %
Exiros B.V. (8) |  | Netherlands |  | Procurement and trading services |  | 50.00 | % |  | 50.00 | % |  | 50.00 | %
Servicios Integrales Nova de Monterrey S.A. de C.V. (9) |  | Mexico |  | Medical and Social Services |  | 66.47 | % |  | 66.26 | % |  | 66.14 | %
Ternium Internacional Nicaragua S.A. |  | Nicaragua |  | Manufacturing and selling of steel products |  | 99.38 | % |  | 99.38 | % |  | 99.38 | %
Ternium Internacional Honduras S.A. de C.V. |  | Honduras |  | Manufacturing and selling of steel products |  | 99.18 | % |  | 99.18 | % |  | 99.18 | %
Ternium Internacional El Salvador S.A. de C.V. |  | El Salvador |  | Manufacturing and selling of steel products |  | 99.92 | % |  | 99.92 | % |  | 99.92 | %
Ternium Internacional Costa Rica S.A. |  | Costa Rica |  | Manufacturing and selling of steel products |  | 99.98 | % |  | 99.98 | % |  | 99.98 | %
Ternium Internacional Guatemala S.A. (10) |  | Guatemala |  | Manufacturing and selling of steel products |  | 99.98 | % |  | 99.98 | % |  | 99.98 | %
Ternium Colombia S.A.S. (10) |  | Colombia |  | Manufacturing and selling of steel products |  | 100.00 | % |  | 100.00 | % |  | 100.00 | %
Ternium del Cauca S.A.S. (10) |  | Colombia |  | Manufacturing and selling of steel products |  | 100.00 | % |  | 100.00 | % |  | 100.00 | %
Ternium Siderúrgica de Caldas S.A.S. (10) |  | Colombia |  | Manufacturing and selling of steel products |  | 100.00 | % |  | 100.00 | % |  | 100.00 | %
Ternium del Atlántico S.A.S (10) |  | Colombia |  | Manufacturing and selling of steel products |  | 100.00 | % |  | 100.00 | % |  | 100.00 | %
Ternium Procurement S.A. (10) |  | Uruguay |  | Marketing of steel products and procurement services |  | 100.00 | % |  | 100.00 | % |  | 100.00 | %
Technology & Engineering Services S.A. (10) |  | Uruguay |  | Engineering and other services |  | 100.00 | % |  | 100.00 | % |  | 100.00 | %
Tenigal S. de R.L. de C.V. (11) |  | Mexico |  | Manufacturing and selling of steel products |  | 51.00 | % |  | 51.00 | % |  | 51.00 | %

Company |  | Country of Organization |  | Main activity |  | Percentage of ownership at December 31,
|  |  | 2020 | 2019 | 2018
Ternium Participaçoes S.A. (12) |  | Brazil |  | Holding |  |  | 100.00 | % |  | 100.00 | % |  | 100.00 | %
Ternium Brasil Ltda. (13) |  | Brazil |  | Manufacturing and selling of steel products |  |  | 100.00 | % |  | 100.00 | % |  | 100.00 | %
Ternium International Inc. (14) |  | Panama |  | Marketing of steel products |  |  | - |  | 100.00 | % |  | 100.00 | %
Ternium Investments Switzerland AG (15) |  | Switzerland |  | Holding |  |  | - |  | 100.00 | % |  | 100.00 | %
Ternium Internacional S.A. (16) |  | Uruguay |  | Marketing of steel products |  |  | - |  | 100.00 | % |  | 100.00 | %
Ternium Staal B.V. (17) |  | Netherlands |  | Holding and marketing of steel products |  |  | - |  | 100.00 | % |  | 100.00 | %
Imsamex Ecuador S.A. (18) |  | Ecuador |  | Distributing company |  |  | - |  | - |  | 88.78 | %
Ternium Solutions A.G. (19) |  | Switzerland |  | Other services |  |  | - |  | - |  | 100.00%
Ternium Ingeniería y Servicios de México S.A. de C.V. (20) |  | Mexico |  | Engineering and other services |  |  | - |  | - |  | 99.89 | %
Ternium International USA Corporation (21) |  | USA |  | Marketing of steel products |  |  | - |  | - |  | 100.00 | %

(1) Indirectly through Ternium Investments S.à.r.l. Total voting rights held: 100.00%.
(2) Indirectly through Ternium Internacional España S.L. Total voting rights held 62.46%. Before that, indirectly through Ternium Internacional España S.L. total voting rights was 61.50% in 2019 and 60.94% in 2018.
(3) Indirectly through Ternium Argentina S.A. and Soluciones Integrales de Gestión S.A. Total voting rights held 100.00%.
(4) Indirectly through Ternium Argentina S.A. and Ternium Procurement S.A. Total voting rights held 100.00%.
(5) Indirectly through Ternium Argentina S.A. and Ternium Internacional España S.L. Total voting rights held 100.00%.
(6) Indirectly through Ternium Mexico S.A. de C.V. Total voting rights held: 100.00%.
(7) Indirectly through Ternium Mexico S.A. de C.V. and Tenigal S. de R.L. de C.V. Total voting rights held: 100.00%.
(8) Total voting rights held: 50.00%. The Company recognizes the assets, liabilities, revenue and expenses in relation to its interest in the joint operation.
(9) Indirectly through Ternium Mexico S.A. de C.V. Total voting rights held: 74.50%.
(10) Indirectly through Ternium Internacional España S.L. Total voting rights held: 100.00%.
(11) Indirectly through Ternium Internacional España S.L. Total voting rights held: 51.00%.
(12) Indirectly through Ternium Investments S.à r.l. and Ternium Internacional España S.L. Total voting rights held 100.00%.
(13) Since the second quarter of 2020, indirectly through Ternium Internacional España S.L. Total voting rights held: 100.00%. Before that, indirectly through Ternium Investments S.à r.l.
(14) This company was dissolved as of December 7, 2020.
(15) This company was dissolved as of December 4, 2020.
(16) This company was dissolved as of July 14, 2020.
(17) Merged into Ternium International España S.L. as of May 27, 2020, effective as of January 1, 2020.
(18) This company was dissolved as of December 19, 2019.
(19) This company was dissolved as of July 3, 2019.
(20) This company was dissolved as of March 29, 2019.
(21) Merged with Ternium USA Inc. during the first quarter of 2019.