Amrize has officially debuted in the North American market as Holcim focuses its investment on key markets including Australia.
Holcim’s spin-off of its North American business was approved by shareholders earlier this year and this week, Amrize shares are officially on the New York Stock Exchange and SIX Swiss Exchange.
It marked the completion of Holcim’s spin-off project. Holcim and Amrize are now distinct, independent, publicly traded companies with separate strategic and operational focuses.
Amrize will be focused on the North American market and infrastructure, commercial and residential sectors. Holcim will focus its investment on key global markets including Latin America and Europe to Australia and North Africa.
“As an independent, publicly traded company, Amrize will capitalise on North America’s attractive construction market driven by long term mega-trends from infrastructure modernization and onshoring of manufacturing to data centre expansion and the opportunity to bridge the housing gap,” Amrize chairman and chief executive Jan Jenisch said.
“With our track record of profitable growth, market-leading operations and broad range of advanced building solutions, we are ideally positioned to be the partner of choice for the professional builders of North America and to unlock value for all stakeholders.
“It has been a privilege to be part of Holcim since 2017 and I thank the entire Holcim team for their outstanding performance and contributions over the years, including the exceptional execution of our spin-off creating two distinct, independent champions. I wish the Holcim team every success as they begin their next chapter.”
Holcim strategy
Holcim chief executive officer Miljan Gutovic said the company was focused on its NextGen Growth 2030 strategy.
“This is an exciting moment for Holcim and Amrize as we begin a new chapter as independent companies. I thank all employees for contributing to the many remarkable achievements of Holcim including the exceptional execution of the spin-off. We wish Amrize success in the future under the leadership of its Chairman and CEO Jan Jenisch,” he said.
“As the leading partner for sustainable construction, Holcim will capitalise on the powerful megatrends shaping the future of construction to unlock significant growth opportunities and create superior value for people, customers and shareholders.
“Alongside our highly accomplished leadership team and 48,000 colleagues around the world, we are executing our strategy NextGen Growth 2030 as unveiled in March.”
According to its release, Holcim will “leverage its sustainability leadership” in Europe, Australia and North Africa, while it sees a big future in Latin America due to its “strong market fundamentals and industrialisation trends.”
