Global Capital Goods Solid Balance Sheet and Fundamentals

SHAPE Australia

Market Cap: AU$370.6m

Engages in the construction, fitout, and refurbishment of commercial properties in Australia.

Voltronic Power Technology

Market Cap: NT$85.5b

Manufactures and sells uninterruptible power systems (UPS) in Taiwan and China.

engcon

Market Cap: SEK 12.1b

Engages in the design, production, and sale of excavator tools in Sweden, Denmark, Norway, Finland, rest of Europe, North and South America, Japan, South Korea, Australia, New Zealand, and internationally.

Vertiv Holdings Co

Market Cap: US$51.5b

Designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

General Electric

Market Cap: US$298.7b

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems.

HD HYUNDAI Marine SolutionLTD

Market Cap: ₩9.6t

HD Hyundai Marine Solution Co., Ltd. provides integrated engineering-based services to Hyundai brand ships.

W.W. Grainger

Market Cap: US$48.0b

Distributes maintenance, repair, and operating products and services primarily in North America, Japan, and the United Kingdom.

Veidekke

Market Cap: NOK 21.7b

Operates as a construction and property development company in Norway, Sweden, and Denmark.

Precision Tsugami (China)

Market Cap: HK$11.1b

An investment holding company, manufactures and sells computer numerical control machine tools primarily in Mainland China.

GE Vernova T&D India

Market Cap: ₹713.7b

Engages in building power transmission and distribution infrastructure in India and internationally.

EMCOR Group

Market Cap: US$28.2b

Provides electrical and mechanical construction and facilities, building, and industrial services in the United States and the United Kingdom.

Binh Minh Plastics

Market Cap: ₫12.3t

Manufactures and trades in plastic pipes and fittings for water supply and drainage, telecommunication, electricity, and industrial and civil construction industries primarily in Vietnam.

Oiltek International

Market Cap: S$454.7m

An investment holding company, engages in the supply and provision of engineering design and commissioning of oil extraction equipment and plant in Asia, the United States, and Africa.

Trane Technologies

Market Cap: US$89.2b

Designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, and custom and transport refrigeration.

Gas Arabian Services

Market Cap: ر.س2.7b

Provides products and services for automation, instrumentation, field services, mechanical, and piping fields in the Kingdom of Saudi Arabia.

Fastenal

Market Cap: US$54.5b

Engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, and internationally.

VAT Group

Market Cap: CHF 9.2b

Develops, manufactures, and sells vacuum and gas inlet valves, multi-valve modules, motion components, and edge-welded metal bellows.

Binastra Corporation Berhad

Market Cap: RM 2.1b

An investment holding company, engages in general contractor and property developer, building and civil engineering works in turnkey projects in Malaysia.

HD Hyundai Electric

Market Cap: ₩21.4t

Manufactures and sells electrical equipment in South Korea.

Koncar - distributivni i specijalni transformatori d.d

Market Cap: €1.9b

Together with its subsidiary, engages in the design, production, sale, and servicing of distribution, special, and medium power transformers.

SKS Technologies Group

Market Cap: AU$357.3m

Engages in the design, supply, and installation of audio visual, electrical, and communication products and services in Australia.

Burkhalter Holding

Market Cap: CHF 1.5b

Through its subsidiaries, provides electrical engineering services to the construction sector primarily in Switzerland.

Yutong BusLtd

Market Cap: CN¥64.0b

Engages in the manufacture and sale of bus and related products in China and internationally.

Arteche Lantegi Elkartea

Market Cap: €860.5m

Engages in the design, manufacture, integration, and supply of electrical equipment and solutions focusing on renewable energies and smart grids in Spain and internationally.

Sunway Construction Group Berhad

Market Cap: RM 8.4b

Operates as a construction company in Malaysia, Singapore, India, Trinidad and Tobago, and the United Arab Emirates.

Garden Reach Shipbuilders & Engineers

Market Cap: ₹295.8b

Engages in the design and construction of war ships in India.

Ningbo Deye Technology Group

Market Cap: CN¥65.8b

Engages in the production and sales of heat exchangers, inverters, and dehumidifiers in South Africa, Brazil, Hongkong, Germany, India, and internationally.

BELIMO Holding

Market Cap: CHF 10.5b

Engages in the development, production, and sale of damper actuators, control valves, sensors, and meters for heating, ventilation, and air conditioning systems (HVAC) in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Lum Chang Creations

Market Cap: S$181.1m

Operates as urban revitalization specialists that offers conservation and restoration works in Singapore and Malaysia.

Neway Valve (Suzhou)

Market Cap: CN¥27.9b

Researches, develops, produces, and sells industrial valves in the People’s Republic of China and internationally.

IES Holdings

Market Cap: US$7.5b

Designs and installs integrated electrical and technology systems, and provides infrastructure products and services in the United States.

Comfort Systems USA

Market Cap: US$26.5b

Provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States.

Mark Dynamics Indonesia

Market Cap: Rp2.4t

Manufactures and sells hand former products in Indonesia and internationally.

Duratec

Market Cap: AU$481.4m

Engages in the provision of assessment, protection, remediation, and refurbishment services to a range of assets primarily for steel and concrete infrastructure in Australia.

Invisio

Market Cap: SEK 15.3b

Develops and sells communication and hearing protection systems for professionals in the defense, law enforcement, and security sectors in Sweden, the United Kingdom, Denmark, rest of Europe, the United States, and internationally.

Safran

Market Cap: €119.7b

Engages in the aerospace and defense businesses in France, rest of Europe, the Americas, the Asia-Pacific, Africa, and the Middle East.