Cooperativa La Cruz Azul, S.C.L.

Last updated
Cooperativa La Cruz Azul, S.C.L.
Company type Cooperative
Founded1881;144 years ago (1881) (in Jasso, Hidalgo)
FounderHenry Gibbon
Headquarters Mexico City, Mexico
Area served
Worldwide
Products Cement
Ready-mix concrete
Construction aggregates
Website cementocruzazul.com.mx

Cooperativa La Cruz Azul, S.C.L. is a cement company in Mexico. It was founded in 1881 by a British businessman named Henry Gibbon. [1]

Contents

On 22 May 1927, the company's workers organized Club Deportivo Cruz Azul football club as a company team, which has gone on to become one of the most famous association football teams in Mexico, winning several national and international titles. [2] The football team's association leads to the nickname of La Máquina Cementera or the cement locomotive. Along with Coca-Cola and Grupo Bimbo, Cemento Cruz Azul, the cement brand of Cooperativa La Cruz Azul, is one of the most frequently seen emblems on Mexican football jerseys.

With the creation of the North American Free Trade Agreement (NAFTA) in 1994, the company enjoyed the benefits of being able to transport across North America. It is now a well known cement company internationally.

Cooperativa La Cruz Azul has faced stiff competition from Mexico's other leading cement producer, Cemex, a company which has gone on to set foot on other countries, such as Puerto Rico (Cemex Puerto Rico), [3] the United States and the United Kingdom.

History

In 1881, Englishman Henry Gibbon rented a portion of the old Hacienda City of Jasso, Hidalgo, and installed a hydraulic lime factory. By 1883, fellow Englishman Joseph (or George) Watson, heavily invested into the factory and business. [4] [5] Despite the efficient mining of the rich deposits of limestone minerals from the Hidalgo region, the business practically did not develop due to lack of capital and was bankrupt by 1906. [6]

Oaxaca attack

On 27 July 2021, a video surfaced where some 30 people are seen illegally entering the Cruz Azul Oaxaca plant and shooting the place. No injuries were reported in the incident. [7]

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References

  1. ↑ "Historias de cooperativismo en México | Instituto Nacional de la Economía Social | Gobierno | gob.mx".
  2. ↑ "CA - Nuestra pasión - Historia". www.cruzazul.com.mx. Archived from the original on 2 March 2017. Retrieved 12 January 2022.
  3. ↑ "CEMEX de Puerto Rico Inc - Company Profile and News". Bloomberg News .
  4. ↑ Cosío Villegas, Daniel; González Navarro, Moisés (1965). HISTORIA MODERNA DE MEXICO. LA REPUBLICA RESTAURADA : VIDA ECONÓMICA. Editorial Hermes. p. 459.
  5. ↑ "Cruz Azul del fuerte". Alto Nivel. 7 (73–76): 58. 1994. Retrieved 30 January 2022.
  6. ↑ "Historia Cruz Azul". Computerworld México. 17 (506–513): G-18. 1997.
  7. ↑ "Denuncian incursión de grupo de 30 personas armadas en cementera Cruz Azul en Lagunas, Oaxaca". 27 July 2021.


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