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Holcim (SIX:HOLN) shares soared 14% on Monday following the successful spin-off of its North American operations, now operating as a separate entity named Amrize. The move marks a significant structural shift for the Swiss construction materials giant as it refines its global business strategy.
The spin-off was carried out through a dividend-in-kind distribution, with Holcim shareholders receiving one Amrize share for each Holcim share held as of June 20. Amrize began trading on both the SIX Swiss Exchange and the New York Stock Exchange under the ticker “AMRZ.”
This strategic separation allows Holcim and Amrize to function as independent, publicly traded companies with focused leadership teams. Holcim CEO Miljan Gutovic described the development as “an exciting moment” for both firms, emphasizing the opportunity to pursue tailored growth strategies.
The spin-off supports Holcim’s “NextGen Growth 2030” roadmap, which targets expansion in Europe, Australia, North Africa, and accelerated growth in Latin America. With the North American business now operating independently, Holcim reported CHF 16.2 billion in net sales for 2024, excluding Amrize.
Amrize, which generated $11.7 billion in revenue in 2024, now leads operations across all 50 U.S. states and Canadian provinces, supported by a workforce of 19,000 employees. The newly listed company is expected to benefit from dedicated focus on the North American construction market, leveraging regional opportunities and streamlined operations.
The dual listing and spin-off position both Holcim and Amrize to better serve their markets and unlock shareholder value, aligning with long-term strategic goals and investor expectations.
