Holcim to launch Amrize spin-off in June

Holcim has recently achieved significant milestones in the completion of the 100 per cent spin-off of its North American business, set to be known as Amrize. Trading for Amrize is anticipated to kick off on 23 June 2025. The US Securities and Exchange Commission has officially approved the Amrize Form 10 Registration Statement, which will be accessible on sec.gov and Holcim’s spin-off webpage. This form encompasses Amrize’s 1Q25 results, reported under US GAAP, along with financial statements spanning from 2022 to 2024, meticulously prepared on a “carve-out” basis under US GAAP standards. Additionally, Amrize has secured the green light to have its shares listed on both the New York Stock Exchange and the SIX Swiss Exchange under the ticker symbol “AMRZ.”

The spin-off’s proposal garnered overwhelming support from Holcim shareholders, with an impressive 99.75 per cent vote in favor during Holcim’s annual general meeting on 14 May. The spin-off transaction will be executed through the distribution of a dividend-in-kind, whereby each Holcim shareholder will receive an Amrize share for every Holcim share owned as of market close on 20 June 2025. It’s essential to note that this spin-off is predicted to have tax-neutral implications for Swiss tax and is expected to be tax-exempt for US federal income tax considerations. However, the distribution will be contingent upon specific conditions elaborated on in the Form 10 agreement.

Come 23 June, Amrize’s shares are all set to debut on the stock exchanges under the “AMRZ” ticker. The commencement of trading is scheduled for 9.00 am Zurich Time on the SIX Swiss Exchange and 9.30 am New York City Time on the New York Stock Exchange. On its inaugural trading day, Amrize will be included in the Swiss Market Index (SMI) and the Swiss Leader Index (SLI), a development recently communicated by the SIX. Amrize also intends to pursue incorporation in relevant US equity indices. Despite the spin-off, Holcim will retain its listings on the SIX, continuing to trade under the ticker symbol “HOLN” and remain included in the SMI and SLI indices.

In addition to the Amrize spin-off, there have been other significant developments in the cement industry. Cementir Holding NV recently disclosed its plans to divest the Kars cement plant in Turkey, a strategic move to streamline its operations. On another front, Votorantim’s Salto de Pirapora plant in Brazil welcomed a new cement mill, signaling progress and investment in enhancing production capabilities. Meanwhile, Taiheiyo Cement Philippine is on track to finalize its Luzon cement terminal by early 2026, marking an integral milestone in expanding its market presence and operational capacity.

These moves underscore the dynamic nature of the cement industry and the ongoing evolution within key players as they navigate changing market landscapes and pursue strategic growth opportunities. As companies like Holcim, Cementir Holding, Votorantim, and Taiheiyo Cement push forward with transformative initiatives, the industry is poised for continued innovation and progress in the coming years.