In Zurich, Holcim's spin-off company Amrize in North America is aiming for an 8-11% annual growth in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) from 2025 to 2028. The company stated on Tuesday that the listing of Amrize is progressing as planned and is expected by the end of the first half of 2025, as revealed ahead of its investor day in New York. Amrize is anticipating a yearly revenue increase of around 5-8% over the 2025-2028 period.

The separation of Amrize is anticipated to be a significant transaction in the global construction sector, with an initial target valuation of $30 billion when first announced in January 2024. In 2024, Amrize achieved $11.7 billion in revenue, marking a growth rate of 13% annually since 2021, a year that saw a robust recovery in the global economy following the effects of the COVID-19 pandemic.

Adjusted EBITDA reached $3.2 billion in the previous year, reflecting a 16% annual growth rate since 2021. Being the largest cement producer in North America, Amrize operates over 1,000 facilities in the United States and Canada, with a workforce of 19,000 employees.

However, challenges persist in the U.S. construction market due to high interest rates affecting residential and commercial construction projects, alongside elevated inflation levels dampening the impact of government-led infrastructure initiatives.