Holcim’s US sure thing is now a wait-and-see
The logo of Swiss cement maker Holcim is seen at its headquarters in Zug, Switzerland October 26, 2022.
Source: REUTERS/Arnd Wiegmann
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The $62 bln Swiss materials group reckons its soon to be New York-listed North American arm can grow strongly up to 2028. Assuming it hits its targets, 'Amrize' may yet get the re-rating that underpins the split’s logic. But the newly wobbly US economy makes that less certain.
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