Siderar to Pay Dividend on September 7, 2011
(firmenpresse) - LUXEMBOURG -- (Marketwire) -- 08/17/11 -- Following up on its July 25, 2011 press release, Ternium S.A. (NYSE: TX) informs that, after the withdrawal of a preliminary injunction previously issued by an Argentine court, its Argentine majority-owned subsidiary Siderar S.A.I.C will pay on September 7, 2011, its ARS1.5 billion (or USD362 million) dividend out of results for fiscal year 2010.
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.
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, container, food, energy and automotive industries. With its principal operations in México and Argentina, Ternium serves markets in the Americas through its integrated manufacturing system and extensive distribution network. The Company has an annual production capacity of approximately ten million tons of finished steel products. More information about Ternium is available at .
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Datum: 17.08.2011 - 14:04 Uhr
Sprache: Deutsch
News-ID 1031574
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