EXHIBIT 99

                                  PRESS RELEASE

                     ELAMEX APPOINTS SAM L. HENRY AS NEW CFO

EL PASO, TEXAS - SEPTEMBER 3, 2003 - ELAMEX S.A. DE C.V. (NASDAQ: ELAM), a
diversified manufacturing services company with food services, plastics and
metals operations and real estate holdings in Mexico and the United States,
today announced the appointment of Sam L. Henry as the Company's new Chief
Financial Officer, effective immediately.

"Mr. Henry's extensive experience as a public company CFO and his expertise with
international operations and performance turnaround made him the ideal candidate
for Elamex," said President and Chief Executive Officer Richard P. Spencer.
"Sam's experience is perfectly suited to the objectives and needs of Elamex at
this stage of our growth and development. We are pleased to welcome Sam and look
forward to his many skillful and knowledgeable contributions."

For the past four years, Mr. Henry has performed a series of contract CFO
engagements focused on merger integration, financial turnarounds and system
overhauls. From 1986 to 1999, he was CFO of Helen of Troy Limited where he was
instrumental in numerous business acquisitions and integrations, international
business relations and capital financings. Mr. Henry began his career as an
auditor for Arthur Andersen & Co. in 1973. He is a Certified Public Accountant
and holds a Bachelor of Business Administration degree in Accounting with High
Honors from the University of Texas at Arlington.

Elamex's former CFO Thomas Benson resigned from the Company last month.

ABOUT ELAMEX
Elamex is a Mexican company with manufacturing operations and real estate
holdings in Mexico and the United States. The Company is involved in the
production of metal and plastic parts for the appliance and automotive
industries, and food items related to its candy manufacturing and nut packaging
operations. Elamex's competitive advantage results from its demonstrated
capability to leverage low cost, highly productive labor, strategic North
American locations, recognized quality and proven ability to combine high
technology with labor-intensive manufacturing processes in world-class
facilities.

Press releases by Elamex may include forward-looking statements that involve
risks and uncertainties, including, but not limited to, risks associated with
the Company's future growth and development. Information contained herein should
be read in conjunction with the Company's Form 10-Q filing with the Securities
and Exchange Commission for the period ended July 4, 2003.