Displaying items by tag: Cooperativa La Cruz Azul

Mexico: Cruz Azul, owned by Cooperativa Cruz Azul, has reportedly incurred losses exceeding US$1.26bn due to the control of its cement and concrete plant in Tula, Hidalgo by a dissident group over the past four years, according to Noticias Financieras news. The company has expanded production capacity in four other plants and announced new investments in Campeche to mitigate production issues at the Tula plant. Legal director Rafael Anzures Ortiz said that the group is holding the facilities hostage, reportedly affecting over 4000 jobs. He said that the plant has the capacity to produce 35-40% of the company's total cement volumes, but no cement has been produced in the last four years, despite the salaries of more than 1000 workers at the plant being guaranteed.

Rafael Anzures Ortiz said "We have been very emphatic in requesting the state government to go to court and to seek compliance with the law so that this plant can start operating again and this entire economy can be reactivated."

Mexico: A violent attempt by 300 people to take over the Cruz Azul cement plant in Tula, Hidalgo, led to around 20 people injured, eight seriously. The attackers were reportedly armed with machetes and firearms, with confrontations at the plant resulting in two people shot, Noticias Financieras News has reported. 120 people have been detained for prosecution. The dispute dates back to 2018 and stems from two groups disputing the company’s assets, with organised crime reportedly used at other plants. Cooperativa Cruz Azul affirmed that it had no relation to the attacks and urged the authorities to reestablish legal order.

In a statement, it said "Cooperativa La Cruz Azul reiterates its commitment to collaborate with the authorities for the benefit of the development of the Hidalgo community, as has been done to date in other states and municipalities of the Mexican Republic.”

Mexico: Cemento Cruz Azul will invest nearly US$40m to build a new grinding mill at its Lagunas cement plant in Oaxaca to increase cement production capacity. General manager  Mario Morán said that construction will be completed by October 2025.

Víctor Velázquez, chair of the board of directors, said "The mill is designed to be highly energy efficient and environmentally friendly, as it does not use water."

Mexico: A second industrial byproducts processing line has been inaugurated at the Cemento Cruz Azul plant in Tepezalá, Aguascalientes. The new facility, which cost US$8.5m, will create 100 jobs and convert over 66,000t/yr of post-consumer materials into energy for the cement plant's processes.

Víctor Manuel Velázquez Rangel, president of the board of directors of Cooperativa Cruz Azul, said "This is the result of joint work, teamwork and a shared vision with the State Government, which has always been concerned about the carbon footprint, sustainability and the environment. With this project we leave testimony of our great commitment and demonstrate that innovation and technology can go hand in hand with the preservation of the environment."

Mexico: Cooperativa Cruz Azul has announced the upcoming construction of a new cement plant in Seybaplaya, Campeche, with an investment exceeding US$300m. The plant will occupy a site previously used for lime and cement production in order to minimise environmental impact. Construction started on 1 August 2024, with completion of the first production line anticipated by the end of 2026, Noticias Financieras News has reported. The plant will produce 3000t/day of cement. The project is expected to create 2000 temporary construction jobs and 350 permanent positions.

Mexico: The Chamber of Deputies of the Mexican parliament has approved a resolution exhorting the state government of Hidalgo to take ‘urgent action’ to help restore the Tula cement plant to its owner, Cooperativa La Cruz Azul. Local press has reported that the chamber determined that the situation had arrived a critical point, as those illegally occupying the plant were looting and dismantling the plant.

Mexico: Cooperativa La Cruz Azul subsidiary CYCNA de Oriente has commissioned a 518,000 bag/day paper bag plant next to its 1.1Mt/yr cement plant in Palmar de Bravo, Puebla.

The Reto Diario newspaper has reported that Cooperativa La Cruz Azul chair Victor Manuel Velázquez said that the paper bag plant will help to maximise the group’s impact in the local community.

Mexico: Cooperativa La Cruz Azul has inaugurated the new Kiln 5 at its Oaxaca cement plant in Lagunas. Local press has reported that the new kiln will increase the plant's clinker capacity by 3700t/day. Additionally, the producer has inaugurated a new weighbridge at the plant. The equipment is capable of weighing trucks of up to 100t in mass. Cooperativa La Cruz Azul's investments in the latest upgrades to the Lagunas cement plant totalled US$301m.

Cooperativa La Cruz Azul said "With these projects, multiple benefits are generated for the community, and the cooperative reaffirms its commitment to the progress and development of the region."