Ternium S.A. TX
announced today that it has received payment of the unpaid portion of
the agreed-upon compensation for the May 2009 transfer of its
interest in Sidor. Ternium received USD136.7 million.
The receipt of this payment resolves the pending dispute with
Venezuela relating to the nationalization of Sidor, which was
submitted for arbitration before the International Centre for
Settlement of Investment Disputes (ICSID).
About Ternium
Ternium is a leading steel company 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,
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