Ternium S.A. (NYSE:TX) Q4 2023 Earnings Conference Call February 21, 2024 8:30 AM ET
Company Participants
Sebastian Marti - Investor Relations
Maximo Vedoya - Chief Executive Officer
Pablo Brizzio - Chief Financial Officer
Conference Call Participants
Carlos de Alba - Morgan Stanley
Guilherme Rosito - Bank of America
Enrique Marquez - Goldman Sachs
Marcio Farid - Goldman Sachs
Caio Greiner - BTG Pactual
Operator
Good day, and welcome to Ternium Fourth Quarter 2023 Results Call. Participants will be able to listen only until the question-and-answer portion of this call. Please note that today's call is being recorded. [Operator Instructions]
I'd like to introduce the call to Sebastian Marti. You may now proceed. Thank you.
Sebastian Marti
Good morning, and thank you for joining us today. My name is Sebastian Marti and I am Ternium's Global IR and Compliance Senior Director. Ternium released yesterday its financial results for the fourth quarter and full year 2023. This call is complementary to that presentation.
Joining me today are Ternium's Chief Executive Officer, Maximo Vedoya, and the company's Chief Financial Officer, Pablo Brizzio, who will discuss Ternium’s business environment and performance. At the conclusion of our prepared remarks, there will be a Q&A session.
Before we begin, I would like to remind you that this conference call contains forward-looking information and that actual results may vary from those expressed or implied. Factors that could affect results are contained in our filings with the Securities and Exchange Commission and on Page 2 in today's webcast presentation. You will also find any reference to non-IFRS financial measures reconciled to the most directly comparable IFRS measures in the press release issued yesterday.
With that, I turn the call over to Mr. Vedoya.
Maximo Vedoya
Thank you, Sebastian. Good morning to everyone, and thank you very much for participating today in our conference call.
2023 was a key year for Ternium. We made good progress in several fronts following the transformation path we envisioned a couple of years ago. The new projects in Mexico are firmly under development. The new downstream lines in Pesqueria will enable us to offer new high value added products to our customers in the region. This capacity will be integrated with an upstream project, a new steel slabs mill currently under construction. This will be the greenest and most technologically advanced automotive steel -- product steel mill in the Americas. It will be able to supply the full range of auto products from exposed grade to advanced high strength steel. This slab mills will be based on electric arc furnace technology that could be supplied with renewable energy. In addition, the project includes a direct reduction iron facility with capability to capture CO2.