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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 or 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
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Date of Report: September 6, 2005
CEMEX, S.A. de C.V.
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(Exact name of Registrant as specified in its charter)
CEMEX Corp.
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(Translation of Registrant's name into English)
United Mexican States
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(Jurisdiction of incorporation or organization)
Av. Ricardo Margain Zozaya #325, Colonia Valle del Campestre
Garza Garcia, Nuevo Leon, Mexico 66265
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
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Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
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If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):
N/A
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Contents
1. Press release issued by CEMEX, S.A. de C.V. ("CEMEX") and Ready Mix
USA, dated September 1, 2005, announcing that CEMEX, Inc., CEMEX's
U.S. subsidiary, and Ready Mix USA have expanded the scope of their
joint venture (attached hereto as exhibit 1).
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
CEMEX, S.A. de C.V. has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
CEMEX, S.A. de C.V.
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(Registrant)
Date: September 5, 2005 By: /s/ Rafael Garza
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Name: Rafael Garza
Title: Chief Comptroller
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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1 Press release issued by CEMEX, S.A. de C.V. ("CEMEX") and
Ready Mix USA, dated September 1, 2005, announcing that
CEMEX, Inc., CEMEX's U.S. subsidiary, and Ready Mix USA have
expanded the scope of their joint venture.
EXHIBIT 1
[CEMEX GRAPHIC OMITTED] [READY MIX USA GRAPHIC OMITTED]
CEMEX CONTRIBUTES ADDITIONAL ASSETS
TO JOINT VENTURE WITH READY MIX USA
Houston, Texas and Birmingham, Alabama; September 1, 2005.- CEMEX Inc., the U.S.
subsidiary of CEMEX (NYSE:CX), a growing global building solutions company, and
Ready Mix USA, a private ready-mix concrete company with operations in the
Southeastern United States, today announced that they have signed an agreement
to expand the scope of their recently formed joint venture.
Under the initial arrangement that was completed on July 1, 2005, CEMEX Inc.
contributed two cement plants (Demopolis, AL and Clinchfield, GA), eleven cement
terminals, and its ready-mix aggregates and block assets in the Florida
Panhandle and Southern Georgia to the joint venture. Ready Mix USA contributed
all of its ready-mix and aggregate operations in Alabama, Georgia, the Florida
Panhandle and Tennessee, as well as its block operations in Arkansas, Tennessee,
Mississippi, Florida and Alabama. The cement assets of the joint venture are
being managed by CEMEX, and the ready-mix, aggregate and block assets are being
managed by Ready Mix USA.
As a part of the expansion of the joint venture, CEMEX will contribute 27
additional ready-mix plants and 4 additional block facilities that are located
in the Atlanta, Georgia metropolitan area and are currently operating under the
Allied Ready Mix name. In return for the contribution of these additional
assets, CEMEX will receive from the joint venture $ 91,560,000 plus additional
cash for the working capital related to those assets. Ready Mix USA will manage
these newly contributed assets.
CEMEX will use the proceeds from the additional contribution of assets to reduce
net debt. As a result, the company expects to achieve a 2.7 times or better net
debt to EBITDA leverage ratio by the end of the third quarter of 2005.
###
About CEMEX
CEMEX is a growing global building solutions company that provides products of
consistently high quality and reliable service to customers and communities in
more than 50 countries throughout the world. The company improves the well-being
of those it serves through its relentless focus on continuous improvement and
efforts to promote a sustainable future. For more information, visit
www.CEMEX.com.
About Ready Mix USA
The bright red, white, and blue USA symbol represents a truly unique family
oriented company that serves the construction industry throughout the Southeast.
The strength of Ready Mix USA is its local management team and customer focus.
This relatively young company, which is majority owned and operated by the son
and grandson of the late Coach Paul William Bryant, began in 1995 with the
partial purchase of Reynolds Ready Mix. Today, the USA family of companies
consists of concrete ready-mix plants, concrete masonry manufacturing facilities
and construction materials distribution locations, and sand and gravel
operations. For more information about the company, visit www.rmusainc.com.
This press release contains forward-looking statements and information that are
necessarily subject to risks, uncertainties and assumptions. Many factors could
cause the terms and expected results of the transaction described above to be
materially different from those expressed or implied in this release, including,
among others, changes in general economic, political, governmental and business
conditions, the level of construction generally, changes in cement demand and
prices, changes in raw material and energy prices, changes in business strategy
and various other factors. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect, actual terms or
results may vary materially from those described herein. CEMEX assumes no
obligation to update or correct the information contained in this press release.
CEMEX CONTACT INFO:
Media Relations
Jorge Perez
(52-81) 8888-4334
Investor Relations
Abraham Rodriguez
(52-81) 8888-4262
Analyst Relations
Ricardo Sales
(212) 317-6008
READY MIX USA CONTACT INFO:
Scott Phelps
(205) 345-5600