Building materials Holcim on track for Amrize IPO in the USA
Holcim's North American business, Amrize, is still on track for its planned IPO in the USA. At an investor day in New York, the new company presents itself to potential investors and sets out initial medium-term targets.
25.03.2025, 07:27
SDA
Amrize, which will focus entirely on the US market, is to be listed on the American stock exchange by the end of the first half of the year as planned. The company has also secured the financing for this spin-off, according to a press release issued by the cement and building materials group on Tuesday.
Amrize has also announced its first medium-term growth targets. Annual sales growth of 5 to 8 percent is to be achieved by 2028. Operating profit is to grow by 8 to 11 percent annually.
Amrize intends to achieve this growth both organically and through potential acquisitions. The company intends to create added value for shareholders through dividend payments, and share buybacks are also conceivable.
New management team in place
The new management team is now also complete. In addition to Jan Jenisch, who, as already announced, will take over the CEO position and also the chairmanship of Amrize's Board of Directors, Ian Johnston will become the new Chief Financial Officer. He is already CFO at Holcim North America. Jaime Hill and Jake Gosa will lead the Building Materials and Building Envelope divisions. In total, the new Executive Board consists of ten people.
Holcim announced a year ago that it would be spinning off its North American business and listing it as a fully independent company in the USA. The background to this is the US government's investment programs worth billions: "They will lead to unprecedented expenditure for the construction industry over the next eight to ten years," said Holcim President Jan Jenisch at the time. The split was necessary in order to fully exploit the potential and get off to a flying start.
