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Holcim in the Spotlight: American Expansion via North American Unit


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Holcim’s Bold Move: Unlocking North American Potential

Construction site with Holcim cement trucks

Holcim’s decision to spin off its North American unit and pursue a U.S. listing reflects a strategic shift to tap into the immense growth potential of the region. North America, with its robust economy and ever-expanding infrastructure, presents a lucrative market for construction materials. Holcim, with its strong brand and expertise in the industry, aims to capitalize on this opportunity and establish a dominant presence in the market.

Creating a North American Powerhouse

Business people discussing construction plans with Holcim cement bags in the background

The spin-off of the North American unit will give it a distinct identity and allow it to operate with greater autonomy and agility. This move will enable Holcim to tailor its products and services to the specific demands of the North American market, fostering closer relationships with customers and driving innovation. The company’s goal is to achieve net sales exceeding $20 billion by 2030, solidifying its position as a leading player in the industry.

A New Leadership Structure for Growth

As part of this transformation, Holcim has appointed Jan Jenisch, the current Chairman and CEO, to lead the North American operations. His extensive experience in the industry and proven track record of success make him ideally suited for this role. Miljan Gutovic, an Australian national and a member of the executive committee, will take over as CEO of Holcim, ensuring continuity and stability at the helm.

A Positive Market Response

The news of Holcim’s North American expansion was met with enthusiasm by investors. Shares of the company surged by over 4% in early trading on the SIX Swiss Exchange, reaching a high of 67.96 Swiss francs. This positive market reaction reflects the confidence investors have in Holcim’s strategy and its ability to capitalize on the growth opportunities in North America.

A New Era of Expansion and Success

Holcim’s planned expansion into North America marks a bold new chapter in the company’s history. With its strong leadership, customer focus, and innovative approach, Holcim is well-positioned to succeed in this dynamic market. As the company embarks on this exciting journey, it is poised to unlock its full potential and achieve even greater heights of success.


In a strategic move, Holcim, a prominent Swiss-based cement and building materials company, has announced plans to spin off its North American unit and list its shares in the U.S. This bold initiative, set to take effect in the first half of 2025, aims to unleash the company’s potential in one of the world’s most lucrative construction markets.

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