Janis Reeser
| AI-assisted reporter
Holcim’s North American business will soon be known as Amrize, according to an announcement.
Holcim operates a cement plant east of Hagerstown and employs about 100 people. The plant supplies cement to Maryland, Virginia, West Virginia, Ohio, Pennsylvania and Washington, D.C.
The name Amrize is derived from two concepts: “ambition” and “rising.” The “Am” represents the company’s commitment to high performance and innovation, while “Rize” symbolizes its drive to lead construction forward across North America.
Jan Jenisch, chairman of Holcim and designated chairman and CEO of Amrize, said the name change is an important step as Holcim’s North American business prepares to become an independent public company.
“This is an exciting time for construction in North America, with the ongoing modernization of infrastructure, the reshoring of manufacturing, and the opportunity to bridge the housing gap with the most advanced building solutions,” Jenisch said. “With our planned spin-off of Amrize, we aim to be the partner of choice for our North American customers and unlock value for all our stakeholders.”
The company plans to list Amrize shares under the symbol “AMRZ” on the New York Stock Exchange, with an additional listing on the SIX Swiss Exchange.
The Amrize name and branding will go into effect with the completion of the spin-off, expected by the end of the first half of 2025, subject to shareholder and customary approvals. Until then, the North American business will continue to operate as part of Holcim.
For more information on the Hagerstown plant, go to https://tinyurl.com/4m968ns7.
This story was created by Janis Reeser, [email protected], with the assistance of Artificial Intelligence (AI). Journalists were involved in every step of the information gathering, review, editing and publishing process. Learn more at https://cm.usatoday.com/ethical-conduct/.
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Publish date : 2025-02-25 00:28:00
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