94GM Nationwde. 25

RNS No 5532j
CEMEX S.A. DE C.V.
29th September 1997


Contacts:

Press            Ludgate              Financial           Ludgate
Inquiries        Communications       Community           Communications
Luis Garibay     Steve Naru           Patrick Carney      Kristin Anderson
528-328-3555     212-688-5144         528-328-3442        212-688-5144


          CEMEX NEGOTIATES ACQUISITION OF MINORITY INTEREST IN TWO
                          PLANTS IN THE PHILIPPINES

Monterrey, Mexico, September 29, 1997 - CEMEX, S.A. de C.V. (OTC: CMXBY)
announced today that it is currently negotiating to acquire a minority 30%
interest in Rizal Cement Inc. a Philippine Corporation which owns several cement
plants. The firm is also negotiating an agreement whereby Cemex would give
technical assistance to two Rizal's plants.

These two plants have five wet-process and one dry-process production lines.

The Philippines is the third largest cement market in Southeast Asia and
accounts for 12% of the regional market. During the last ten years this market
has experienced a compound annual growth rate greater than 10%.

This move, consistent with Cemex' geographic diversification strategy, seeks to
take advantage of the company's operational expertise, which has been proven
throughout its international operations.

Cemex is currently in the process of establishing an investment fund for its
geographic diversification projects in Southeast Asia, which will allow the
company to participate in this high-growth region without a substantial capital
investment.

The fund, to be managed by Cemex, will be comprised of a small group of
institutional investors and Cemex. The purpose of the fund is to invest in
cement projects (greenfield plants or acquisitions) and in certain cases,
joint-ventures may be entered with local partners in each country.

Cemex' share in this fund will be in the range of USD $100 million. The total
fund will be USD $300 million including the participation of the other
institutional investors. The amount of the acquisition in the Philippines will
be less than USD $100 million.

Founded in 1906, Cemex is the largest cement producer in the Americas and one of
the three most important producers of cement in the world, with a production
capacity of approximately 50 million metric tons per year. Cemex is the market
leader in its operations in Mexico, Spain, Venezuela, Panama, and the Dominican
Republic; and has a significant presence in the markets of Colombia, the
Caribbean, and the southern region of the United States of America.

END

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