Cruz Azul to invest US$300 million to renovate its plants
Cement producer Cruz Azul has plans of investing around US$ 300 million over the next 28 months, for the modernization of its cement plants located in Oaxaca and Hidalgo. “We want to modernize the plants in Hidalgo and Oaxaca. One thing is to have the installed capacity, but we can improve its volume. We are interested in lower-cost production units, energy saving, energy consumption, so this may lead us to become more competitive, and renew our oldest units to prevent technology lags, provide corrective maintenance and be prepared to support any upturn in the economy”, informed Guillermo Alvarez Cuevas, General Director of this cooperative society.