Ternium S.A. announced that its Argentine subsidiary will invest approximately $160 million to build a new wind farm from which it will source electricity in Argentina. This investment advances the company's previously disclosed decarbonization roadmap to reduce its CO2 emissions intensity over the long-term. The new wind farm is expected to be operational during the second half of 2024 and have a nominal power capacity of 72 megawatts.

Ternium expects that once the wind farm is operational it will replace approximately 65% of the electricity that its Argentine subsidiary currently purchases from third party providers. The company also anticipates that the wind farm will help its Argentine subsidiary reduce its CO2 emissions by 92,500 tons per year.