Ternium Siderar steel plant

From Global Energy Monitor

[español]

This article is part of the Global Steel Plant Tracker, a project of Global Energy Monitor.
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Ternium Siderar steel plant (Planta siderúrgica Ternium Siderar) is an integrated steel plant in San Nicolás de los Arroyos, Buenos Aires, Argentina.[1]

Location

The map below shows the location of the steel plant in San Nicolás de los Arroyos, Buenos Aires, Argentina.

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Background

Located on the Paraná River about 230km northwest of Buenos Aires, the Ternium Siderar steel plant is the main production facility of Ternium, Argentina's largest flat and long steelmaker.[1]

The plant was originally developed by Sociedad Mixta Siderúrgica Argentina (SOMISA), an Argentine state steel company created in 1947; initial plans called for the SOMISA plant to produce an annual minimum of 300,000 tons of steel, gradually increasing to 1 million tpa.[2] Following a series of delays related to financing, the plant was officially inaugurated by Argentine president Arturo Frondizi in 1960.[3] In 1974, Somisa raised its raw steel production capacity to 2.5 million metric tons with the addition of a second blast furnace. Following the expansion, the plant's original product line of hot- and cold-rolled coils, sheets, and plates grew to include rods, rails, and structural steel.[4]

By 1990, the plant had become Argentina's leading steel producer, with 11,600 employees and a significant presence in the manufacture of finished goods. However, under the presidency of Carlos Menem, the workforce was reduced, and by December 1991, only 5,285 employees remained. At the same time, the company, which historically had performed well, began to record an operating deficit, accumulating a debt of about 500 million dollars in just two years. That loss was associated with the export of steel products at less than 10 percent of their real value. The government subsequently made moves to privatize SOMISA, offering "voluntary retirements" of workers and ultimately selling the company at 10% of its value.[5]

In 1992 SOMISA passed into the hands of a consortium led by the Italian-Argentine group Techint, accompanied by the Brazilian companies Usiminas and Companhia Vale do Río Doce and the Chilean company CAP. The company was subsequently renamed Aceros Paraná and Siderar SAIC before arriving at its current name, Ternium Argentina S.A.[6][7][8]

Plant Details

Articles and resources

References

  1. 1.0 1.1 1.2 1.3 1.4 "Quiénes somos: Nuestra empresa". Ternium. Retrieved 2020-08-05.
  2. "Ley 12.987: Creación de SOMISA". SAIJ (Sistema Argentino de Información Jurídica). Retrieved 2020-09-15.
  3. "Privatización de Somisa: disputas de memorias". Agencia Paco Urondo (in español). November 23, 2012.
  4. 4.0 4.1 4.2 4.3 4.4 "Siderar S.A.I.C. - Company Profile, Information, Business Description, History, Background Information". Reference for Business. Retrieved 2020-08-05.
  5. "Economía :: El Grupo T". Página 12 (in español). Retrieved 2020-09-15.
  6. "Qué generó la privatización de SOMISA". DGPC Diaz Cortez. Retrieved 2020-09-15.
  7. "Ternium: Milestones". Techint. Retrieved 2020-09-15.
  8. 8.0 8.1 "TXAR.BA - Ternium Argentina SA Profile". Reuters. Retrieved 2020-09-15.
  9. 9.0 9.1 "Ternium S.A. Form 20-F". United States Securities & Exchange Commission. April 8, 2020.
  10. Minerals Yearbook 2015 Argentina, USGS, Jun. 2019
  11. "Contact Us: Our Offices". Ternium. Retrieved August 5, 2020.
  12. "Sustainability Report 2019 (Acero para un Mundo Sustentable)". Ternium Argentina. Retrieved 2020-09-15.
  13. 13.0 13.1 "El mercado de la siderurgia en Argentina" (PDF). ICEX. October 16, 2019.

External resources

External articles

This page uses material from the Wikipedia page Somisa under the provisions of the Creative Commons Attribution-ShareAlike 3.0 Unported License.