Global Capital Goods Solid Balance Sheet and Fundamentals

SHAPE Australia

Market Cap: AU$490.8m

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

Precision Tsugami (China)

Market Cap: HK$14.7b

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

Trane Technologies

Market Cap: US$95.1b

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

Lennox International

Market Cap: US$17.1b

Designs, manufactures, and markets products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally.

Ingersoll-Rand (India)

Market Cap: ₹122.3b

Manufactures and sells industrial air compressors and related services in India.

Voltronic Power Technology

Market Cap: NT$107.9b

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

engcon

Market Cap: SEK 12.5b

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.

HD HYUNDAI Marine SolutionLTD

Market Cap: ₩11.0t

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

Electrical Industries

Market Cap: ر.س12.8b

Engages in the manufacture, assembly, supply, repair, and maintenance of transformers, compact substations and low voltage distribution panels, electrical distribution boards, cable trays, switch gears, and other electrical equipment.

Veidekke

Market Cap: NOK 21.2b

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

EMCOR Group

Market Cap: US$34.8b

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

Binastra Corporation Berhad

Market Cap: RM 2.4b

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

GE Vernova T&D India

Market Cap: ₹783.5b

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

Swaraj Engines

Market Cap: ₹48.9b

Manufactures and sells diesel engines and its engine components, hi-tech engine, and spare parts for tractors in India.

Soilbuild Construction Group

Market Cap: S$577.5m

An investment holding company, engages in the residential and business space properties construction in Singapore, Myanmar, Malaysia, and internationally.

W.W. Grainger

Market Cap: US$45.9b

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

Binh Minh Plastics

Market Cap: ₫13.8t

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$371.1m

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.

HD Hyundai Electric

Market Cap: ₩31.9t

Manufactures and sells electrical equipment in South Korea, North America, rest of Asia, the Middle East, Europe, and internationally.

Gas Arabian Services

Market Cap: ر.س2.5b

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

Fastenal

Market Cap: US$47.2b

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

Vertiv Holdings Co

Market Cap: US$76.2b

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.

VAT Group

Market Cap: CHF 10.7b

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

Yutong BusLtd

Market Cap: CN¥71.3b

Manufactures and sells buses and coaches in China and internationally.

SKS Technologies Group

Market Cap: AU$432.5m

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.

Ferguson Enterprises

Market Cap: US$48.8b

Operates as a distributor serving the water and air specialized professional in the United States and Canada.

Comfort Systems USA

Market Cap: US$35.6b

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

Armstrong World Industries

Market Cap: US$8.3b

Engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas.

Altea Green Power

Market Cap: €120.9m

Supplies and manages renewable energy plants in Italy and the United States.

Sunway Construction Group Berhad

Market Cap: RM 7.8b

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

BELIMO Holding

Market Cap: CHF 10.6b

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.

Garden Reach Shipbuilders & Engineers

Market Cap: ₹292.4b

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

Koncar - distributivni i specijalni transformatori d.d

Market Cap: €1.8b

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

Blue Bird

Market Cap: US$1.6b

Designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally.

Neway Valve (Suzhou)

Market Cap: CN¥41.8b

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