ZURICH, June 23 (Reuters) - Holcim has

completed the spin-off of its North American business, with

shares in the separate business - called Amrize ( AMRZ ) - set

to start trading in Zurich and New York on Monday.

Shareholders were given one Amrize ( AMRZ ) share for every share in

Holcim in the 100% spin-off of the business, which the Swiss

cement maker said it was carrying out to focus on different

market dynamics in North America and the rest of the world.

Holcim will focus on Europe, Latin America, Australia and

North Africa in future, while Amrize ( AMRZ ) will operate in the United

States and Canada.

"This is an exciting moment for Holcim and Amrize ( AMRZ ) as we

begin a new chapter as independent companies," said Holcim CEO

Miljan Gutovic.

In March, Holcim said it would target average annual growth

in earnings before interest and taxes of 6% to 10% by 2030,

driven in part by mergers and acquisitions, as it unveiled its

new strategy following the separation.

Amrize ( AMRZ ), which had sales of $11.7 billion in 2024, is aiming

to grow by 5-8% annually. It also wants to increase its core

operating profit by 8-11% between 2025 and 2028 from $3.2

billion last year.