FORM 6 - K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a - 16 or 15d - 16 of
the Securities Exchange Act of 1934
As of 8/24/2007
Ternium S.A.
(Translation of Registrant's name into English)
Ternium S.A.
46a, Avenue John F. Kennedy - 2nd floor
L-1855 Luxembourg
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or 40-F.
Form 20-F _X_ Form 40-F __
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12G3-2(b) under the Securities Exchange Act of 1934.
Yes ___ No _X_
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b):
Not applicable
Sidor and the Venezuelan Government Sign Cooperation Agreement
LUXEMBOURG--(BUSINESS WIRE)--August 24, 2007--Ternium S.A. (NYSE:TX)
announced today that its Venezuelan subsidiary Sidor and the Venezuelan
government have entered into a three-year cooperation agreement, pursuant to
which Sidor will increase its involvement in social investment programs in that
country and will enhance its efforts to develop Venezuela's steel value chain,
with particular emphasis on supporting small- and medium-sized enterprises.
Under the agreement, Sidor has agreed, among other initiatives, to:
-- Give priority to the Venezuelan domestic market over the international
market in its sales of products;
-- Set its pricing policy in the Venezuelan market by reference to
comparable average export prices in a given period;
-- Grant a 2% discount to certain Venezuelan entities, such as
cooperatives and social production companies, and a 4% discount to
foster special purpose social investment and economic development
programs in the country;
-- Form a technical commission with CVG Ferrominera Orinoco C.A., the
state-owned company responsible for mining and commercializing
Venezuela's iron ore, to analyze the quantity, quality and price of
iron ore to be supplied by Ferrominera to Sidor; and
-- Facilitate the transfer to the Venezuelan government of the operation
of the Sidor port on the Orinoco River, as provided by Venezuelan law,
with due assurances to the continuity of Sidor's operations.
In addition, Sidor confirmed its interest in making capital expenditures at
its Venezuelan facilities of approximately US$500 million from 2007 through
2012, of which approximately US$70 million will be earmarked toward an
environmental protection plan.
About Ternium
Ternium is one of the leading steel companies in the Americas, offering a
wide range of flat and long steel products. Ternium has operating locations in
Mexico, Argentina and Venezuela that provide it with a strong position from
which to serve its core markets. In addition, Ternium reaches the global markets
through its own distribution network. More information about Ternium is
available at www.ternium.com.
The attached material is being furnished to the Securities and Exchange
Commission pursuant to Rule 13a-16 and Form 6-K under the Securities Exchange
Act of 1934, as amended.
This report contains Ternium S.A.'s press release announcing that Sidor and the
Venezuelan Government sign cooperation agreement.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
TERNIUM S.A.
By: /s/ Roberto Philipps
--------------------
Name: Roberto Philipps
Title: Chief Financial Officer
Dated: August 24, 2007