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 .
Mexico's Cruz Azul cement cooperative plans to invest six and a half billion pesos, approximately US$381 million, to revive its historic factory in Tula de Allende, Hidalgo state. The factory, which has been idle for years, once produced 35 to 40 percent of the cooperative's cement. The investment includes US$106 million for cleaning and refitting the existing plant, US$217 million for purchasing a new cement production line, US$59 million for the cooperative's hospital in Tula, and additional funds for surgical theatres, an intensive care unit, and a blood bank.
The cooperative, a worker-owned business, has paid off its workers and suspended their pay since February 2025. The Tula site was the original works and supplied significant cement to the cooperative before a civil war resulted in its shutdown in August 2022.
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