Cemex S.A. De C.V. - Re Disposal

RNS No 2616f
CEMEX S.A. DE C.V.
22 June 1998

VALENCIANA DE CEMENTOS, A CEMEX AFFILIATE, ANNOUNCES SALES OF OPERATIONS IN THE
SOUTH OF SPAIN

Monterrey N.L. June 22, 1998. - CEMEX, S.A. de C.V. (CMXBY:OTC) announced today,
through its subsidiary in Spain, Valenciana de Cementos, that it has finalized
the negotiations to sell its operations of the Alcala de Guadaira Plant in
Seville, Spain, to the Spainish Grupo Valderrivas corporation.  The amount of
the transaction is 39 billion pesetas (approximately 260 million U.S. dollars). 
This sale represents 11% of CEMEX' operations in Spain.

The plant has an installed production capacity of one million metric tons of
cement per year.  The agreed price also includes the sale of the ready-mix
concrete, mortar and aggregates plants in Andalucia and Extremadura.

This transaction is consistent with CEMEX' commitment to having a sound capital
structure that positions the company to take advantage of more attractive
investment opportunities that will allow it to create greater value.

The transaction is also congruent with CEMEX' strategy of achieving greater
geographic diversification, investing in assets that produce long-term financial
yields that significantly exceed their cost of capital, and concentrating in
those markets that have long-term high-growth potentials.

This sale allows Valenciana de Cementos to continue being the leader in the
Spanish market and to maintain its economies of scale and efficient logistics.

Valenciana de Cementos is CEMEX' principal international subsidiary, allowing it
access to lower costs of capital in order to strengthen the company's financial
structure.

Founded in 1906, CEMEX is the largest cement company in the Americas and one of
the three largest cement companies in the world.  Through its subsidiaries,
CEMEX produces, distributes, markets, trades and sells cement, ready-mix
concrete, aggregates and clinker.  CEMEX has operations in 22 countries and
trade relations with 60 different nations.

END

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