Displaying items by tag: Hidalgo
Cruz Azul reports losses due to plant seizure
25 October 2024Mexico: 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."
Attack at Cruz Azul cement plant leads to 20 people injured
24 September 2024Mexico: 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: State police have intervened during a confrontation between rival groups for control of Cruz Azul’s Tula cement plant in Hidalgo. A group of workers, allegedly numbering 1000 people, aligned to the faction that controls the majority of Cruz Azul’s cement plants travelled to the site in Jasso by bus and taxi on the evening of 26 July 2022, according to La Jornada newspaper. Another group defending the plant reportedly blocked local roads and used sticks, pipes and stones to repel the assault. The police managed to deter most of the convoy travelling to the plant. However, eight deaths occurred when some of the attackers made it through.
The Tula cement plant is the sole remaining Cruz Azul unit still 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.
Mexico: The local government in Santiago de Anaya has revealed that Cementos Fortaleza is planning to build a second production line at its integrated El Palmar plant in Hidalgo. The project is expected to cost US$210m, according to the El Sol de Mexico newspaper. Cementos Fortaleza currently operates a 1Mt/yr plant at the site.