Mexicopesqueria

Ternium SA, Tenaris SA and Tecpetrol International SA have entered into a memorandum of understanding to build and operate a natural gas-fired combined cycle power plant in Mexico that would supply Ternium’s and Tenaris’s industrial facilities. Together the companies are one of the largest private energy consumers in Mexico. Tecpetrol is a subsidiary of San Faustin SA, the controlling shareholder of both Ternium and Tenaris.