Cruz Azul to invest US$300m in plants

As part of its plant modernisation programme, Mexico’s Cruz Azul plans to spend US$300m in upgrading its four plants in the next four years.

Cooperativa La Cruz Azul President, Guillermo Álvarez, said half of the sum would be spent in the next two years with the remainder earmarked for 2019-20. “We will make the investment in a gradual manner in each two-year period to prevent decapitalisation of the company,” he said.

The company’s oldest cement lines will be updated with latest-generation emissions control systems as well as  the use of wind power to reduce fossil fuel-based power. They will also see upgrades to their production capacity with a view to export. At present Cruz Azul’s entire production is destined for the domestic market.