Displaying items by tag: Federal Electricity Commission

Mexico: Cooperativa la Cruz Azul’s Tula cement plant in Hidalgo has agreed with the Federal Electricity Commission (CFE) that electricity supplies will restored no later than 7 September 2022. Federico Sarabia, cooperative chair and leader of a dissident group claiming to own the plant, said that the plant has made losses of over US$15m due to the outage, according to the El Sol de la Laguna newspaper. The electricity supply to the site was reportedly cut in mid-August 2022 at the request of Víctor Manuel Velázquez, the head of the board of directors of the group.

State police intervened during a confrontation between rival groups for control of the Tula cement plant in late July 2022. The plant is the sole remaining Cruz Azul unit still reportedly controlled by former company director Guillermo ‘Billy’ Álvarez and his associates. The rest of the company is under the command of Cruz Azul’s directors José Antonio Marín and Víctor Manuel Velázquez. This group started asserting legal control of the cooperative’s cement plants in Puebla and Aguascalientes from mid-2020.