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03 September 2024

Ternium Transitions to Electronic Payments: A Step Towards Efficiency and Sustainability

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At Ternium, we are transforming to provide you with a better experience. As part of this transformation, we are excited to announce a significant change in our payment process. Starting October 1, Ternium will transition from issuing paper checks to exclusively utilizing electronic payments, such as ACH (Automated Clearing House) or Wire Transfers.

Our shift to electronic payments is driven by several key benefits:

1. Improved Reliability: Paper checks often get lost or delayed in the mail, leading to unnecessary processing time and inconvenience. Electronic payments eliminate this risk, ensuring that payments are received reliably and on time.

2. Enhanced Security: Unlike paper checks, electronic payments significantly reduce the exposure of sensitive personal information. ACH and Wire Transfers offer a higher level of security, protecting both parties involved.

3. Environmental Responsibility: Moving away from paper checks allows us to reduce our environmental footprint by conserving natural resources and minimizing waste.

Are you a vendor? Here is what you must do:

To ensure a seamless transition, we request that our vendors submit the following information to maestroproveedores@ternium.com.ar :

- A voided check or a bank letter dated within the last 30 days.

- A completed W9 form with all the required details.

This information will enable us to set up your account for electronic payments, ensuring prompt and secure transactions moving forward.

Important Date to Remember

The new payment system will be effective starting October 1. We encourage all vendors to provide the necessary documents as soon as possible to avoid any disruption in the payment process.

We appreciate your cooperation and value your continued partnership. Together, we are confident that this transition will bring significant benefits to our operations and contribute to our shared goal of efficiency and sustainability.

 

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