Holcim Unveils "Amrize" for North American Building Materials Spin-Off
ZURICH, Switzerland - Global building materials giant Holcim has unveiled "Amrize" as the name for its North American subsidiary, which is set to list on the stock exchange later this year.
The spin-off of Holcim's North American operations is expected in the first half of 2025 and marks one of the largest transactions in the construction industry this year.
The name "Amrize" encapsulates the words "ambition" and "rising," reflecting Holcim's aspirations for an independent future. Chairman Jan Jenisch emphasized the strategic significance of the move: "This is a pivotal step toward establishing Amrize as a standalone company."
Amrize will operate in a dynamic North American construction market, driven by infrastructure modernization, manufacturing reshoring, and the demand for innovative housing solutions. Jenisch, who will assume the role of CEO post-spin-off, shared his vision: "Amrize is uniquely positioned to bridge the housing gap and drive sustainable growth with advanced building materials."
Scheduled to list on the New York Stock Exchange under the symbol AMRZ and the SIX Swiss Exchange, Amrize has an estimated market valuation of $30 billion, according to Holcim's previous estimates. The company aims to expand its annual sales to $20 billion by 2030 through a combination of organic growth and targeted acquisitions.