Holcim to spin off North American operations into Chicago-headquartered company

Swiss construction materials manufacturer Holcim, spins off its North American subsidiary, new company called Amrize to be headquartered in Chicago

Holcim to spin off North American operations into Chicago-headquartered company

The headquarters will eventually employ more than 100.

Holcim Sees Rising Profit, Reveals Financials of US Spinoff

(Bloomberg) — Holcim Ltd. expects to grow sales and profitability this year as the cement maker took a key step toward spinning off its North American division by the end of the first half.

Holcim is planning a continuation of the record hunt this year. After the highest operating profit in the company's history, CEO Miljan Gutovic wants to lead the company to the next level.

Holcim saw its annual sales fall by 2.2% to 26.4 billion francs last year. Its profit also lost ground. The Zug-based building materials giant provided some details on its North American unit, which it will list in New York.