Cement firm Holcim’s US spin-off Amrize set for 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.

Holcim shareholders approved the spin-off with a 99.75% vote in favour at Holcim’s annual general meeting on 14 May. Each Holcim shareholder will receive one Amrize share for every Holcim share owned, as of 20 June 2025.