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CEMEX TO SUPPLY 800,000 METRIC TONS OF CEMENT FOR CONSTRUCTION OF THE HUITES DAM

 CEMEX TO SUPPLY 800,000 METRIC TONS OF CEMENT
 FOR CONSTRUCTION OF THE HUITES DAM
 MONTERREY, Mexico, Aug. 31 /PRNewswire/ -- Cemex, S.A. (OTC: CMXBY) today announced that it had signed an agreement on Friday, Aug. 28, 1992 with the Mexican construction consortium, Consorcio Mexicano Constructor de Huites, to supply 800,000 metric tons of cement over a two-year period for the construction of the Huites dam. The dam is the most important water infrastructure construction project to be carried out during the term of President Carlos Salinas de Gortari. Consorcio Mexicano Constructor de Huites is composed of the following construction companies: Ingenieros Civiles Asociados (ICA), Grupo Mexicano de Desarrollo, La Nacional, and Compania Brasileira de Proyectos y Obras.
 The Huites dam will be built on the River Fuerte in northeast Sinaloa. Cement for the project will be supplied by Cemex's subsidiary, Cementos del Yaqui, S.A. de C.V., located in Hermosillo, Sonora, one of the most modern plants in the Americas with a production capacity of 1.5 million metric tons per year.
 The dam will enable full use of the normal flow and flood waters of the River Fuerte. The retaining wall of the dam will be one of the highest in Mexico holding 4 million cubic meters of water. The dam itself will supply irrigation to 175,000 acres of land in the states of Sinaloa and Sonora, greatly benefiting the region's agriculture; and generate hydroelectricity from two 200 megawatt turbines capable of producing 875 million kilowatts per year.
 This generating capacity will guarantee the area's electrical power supply, greatly supporting the region's economic development. The energy source will also be linked to Mexico's national electricity distribution grid.
 Lorenzo Zambrano, chief executive officer of Cemex, said: "The supply of cement necessary for this monumental project assures Cemex an important additional increase in sales during 1993 and 1994.
 "Projects such as this mark the beginning of the upgrading and modernization of Mexico's infrastructure. By participating in this project, Cemex is contributing to the construction of this infrastructure which will be vital to the country's expected economic growth when the North American Free Trade Agreement is in force."
 Cemex, S.A., headquartered in Monterrey, Mexico, is the fourth largest cement producer in the world, the largest in North America, and the leader in the Mexican cement market with a 63 percent market share and total installed capacity in the Country of 23.9 million metric tons. The company is a major participant in the housing industry as well as the infrastructure development in the rapidly growing Mexican economy. Cemex shares are listed on the Mexican Stock Exchange (CEMEX) and Cemex's ADRs are traded over-the-counter (CMXBY).
 -0- 8/31/92
 /CONTACT: Humberto Moreira, financial Community, 011-52-83-45-2000, ext. 1480; or, Luis Martinez, media, 011-52-83-45-2000, ext. 1051, both of Cemex, S.A.; or, Kay Breakstone of Burson-Marsteller, 212-614-4449, for Cemex, S.A./
 (CMXBY) CO: Cemex, S.A. ST: IN: CST SU:


LR-OS -- NY015 -- 4853 08/31/92 10:06 EDT
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Publication:PR Newswire
Date:Aug 31, 1992
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