Cooperativa La Cruz Azul
Mexican industrial cooperative
From Wikipedia, the free encyclopedia
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]
2 November 1931 (as a cooperative)
192 founding members (1931)
 | |
| Company type | Cooperative |
|---|---|
| Industry | Construction materials |
| Founded | 1881 (as a private company) 2 November 1931 (as a cooperative) |
| Founder | Henry Gibbon (1881) 192 founding members (1931) |
| Headquarters | Coyoacán, Mexico City, Mexico |
Number of locations | Tula, Hidalgo Lagunas, Oaxaca |
Area served | Mexico |
Key people | Víctor Velázquez (Chairman) |
| Products | Cement, Ready-mix concrete, aggregates |
| Divisions | Club de Futbol Cruz Azul |
| Subsidiaries | Médica Azul, Hotel Azul Ixtapa, CYCNA |
| Website | www |
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]
