Reported about 11 hours ago
Holcim has revealed more details about its planned North American business spin-off, named Amrize, following a filing with the SEC. The Swiss cement manufacturer reported stronger-than-anticipated fourth quarter earnings and aims to complete the divestment in the first half of 2025, highlighting projected revenue of $11.7 billion for Amrize. While Holcim's North American operations have secured numerous infrastructure projects, potential challenges in the broader U.S. construction market could impact growth.
Source: YAHOO