Mexico's Cruz Azul Cement Cooperative Bets US$381 Million on an Idle Plant
13 Articles
13 Articles
The Morenist Governor made the announcement during the presentation of the Economic Development Pole for Welfare Reserve Zapotlán
Mexico's Cruz Azul Cement Cooperative Bets US$381 Million on an Idle Plant
The worker-owned cement maker behind Mexico's famous football club will spend about US$381 million restarting the Hidalgo plant it lost to a decade-long internal war. The post Mexico’s Cruz Azul Cement Cooperative Bets US$381 Million on an Idle Plant appeared first on The Rio Times.
The Cruz Azul Cooperative will invest up to 6.5 billion pesos to reactivate its cement plant in Tula de Allende, Hidalgo, in addition to making new investments in medical infrastructure and sports projects in the entity.The announcement was made by Julio Menchaca, governor of Hidalgo, during the morning conference of the president of Mexico, Claudia Sheinbaum Pardo, on Wednesday, August 19, 2026.
Undersecretary Ximena Escobedo highlighted that this investment will generate 14,000 direct and indirect jobs
Cruz Azul is one of the most recognized brands in Mexico, and although many could relate its history to the football team that bears the same name, the cooperative began long before that. On the occasion of the announcement made this Wednesday by the Cooperative La Cruz Azul about reactivating its plant in Tula de Allende, Hidalgo , we review the history of this cement plant , which remains one of the most important in the country.
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