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| Cement firm Holcim’s US spin-off Amrize set for 23 June Swiss cement, concrete and aggregates producer Holcim's US spin-off Amrize is set to start trading on US and Swiss stock exchanges from 23 June. Amrize, whose name is a combination of the words "ambition" and "rising", will have 1,000 US sites and 19,000 employees. Holcim claims it will be the largest building solutions company with a 100% focus on the US market. Holcim's North American business had sales of around US$11 billion in 2023 and it estimated in 2024 that the company could have a market valuation of around $30 billion. Holcim has secured debt financing of $3.4 billion for Amrize, supported by a $2 billion credit facility and $2 billion commercial paper programme (allowing it to raise short-term funds). The company will start trading on the New York Stock Exchange and the SIX Swiss Exchange on 23 June. write your comments about the article :: © 2025 Construction News :: home page |