Mexico's Cruz Azul Cement Cooperative Bets US$381 Million on an Idle Plant
6 Articles
6 Articles
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
The president of Cruz Azul detailed the industrial, social and sports projects in which more than six million pesos will be invested. Cruz Azul announced a million-dollar investment in Hidalgo first appeared in Eleven News.
The Polo de Desarrollo Económico para el Bienestar Reserva Zapotlán is established, with an investment of 10,106 mdp.The Cooperative La Cruz Azul will allocate 6,500 mdp in Tula, reactivating the regional economy with more than 14,000 jobs and infrastructure works in health and sport.
Cruz Azul Cooperative will invest 6.5 billion pesos in Hidalgo to renovate its plant in Tula and refurbish the Cruz Azul Hospital
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