Global Capital Goods Too Big To Fail

ITOCHU

Market Cap: JP¥14.8t

Trades and imports/exports various products worldwide.It operates through eight segments: Textile, Machinery, Metals & Minerals, Energy & Chemicals, Food, General Products & Realty, ICT & Financial Business, and The 8th.

Schindler Holding

Market Cap: CHF 27.8b

Engages in the production, installation, maintenance, and modernization of elevators, escalators, and moving walks worldwide.

NARI Technology

Market Cap: CN¥184.9b

Provides power intelligence solutions in China and internationally.

Sany Heavy IndustryLtd

Market Cap: CN¥171.7b

Engages in the research and development, manufacture, and sale of construction machinery in Chinese mainland and internationally.

CRRC

Market Cap: CN¥168.9b

CRRC Corporation Limited, with its subsidiaries, engages in the research and development, designing, manufacturing, refurbishment, sale, leasing, and technical servicing of railway locomotives in Mainland China and internationally.

Snap-on

Market Cap: US$20.4b

Manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide.

Jardine Matheson Holdings

Market Cap: US$17.9b

Operates in motor vehicles and related operations, property investment and development, health and beauty, home furnishings, engineering and construction, and transport businesses in Indonesia, Hong Kong, Macau, Other Southeast Asia, Vietnam, Mainland China, and Rest of the world.

Taisei

Market Cap: JP¥2.1t

Engages in the civil engineering, building construction and development businesses in Japan.

Watsco

Market Cap: US$12.0b

Engages in the distribution of air conditioning, heating, and refrigeration equipment, and related parts and supplies in the United States, Canada, Latin America, and the Caribbean.

A. O. Smith

Market Cap: US$8.5b

Manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India.

Kinden

Market Cap: JP¥1.1t

Provides integrated electrical and facility engineering services in Japan.

China National Chemical Engineering

Market Cap: CN¥45.9b

China National Chemical Engineering Co., Ltd.

KandenkoLtd

Market Cap: JP¥1.1t

Engages in electrical and piping work, and other facility construction work in Japan and internationally.

Sulzer

Market Cap: CHF 5.4b

Develops and sells products and services for fluid engineering and chemical processing applications worldwide.

MSC Industrial Direct

Market Cap: US$6.7b

Engages in the distribution of metalworking and maintenance, repair, and operations (MRO) products and services in the United States, Canada, Mexico, the United Kingdom, and internationally.

Valmet Oyj

Market Cap: €5.2b

Develops and supplies process technologies, automation, and services for the pulp, paper, and energy industries in North America, Latin America, EMEA, China, and Asia-Pacific.

Neway Valve (Suzhou)

Market Cap: CN¥41.0b

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

DKSH Holding

Market Cap: CHF 4.2b

Provides various market expansion services in Thailand, Greater China, Malaysia, Singapore, rest of the Asia Pacific, and internationally.

Hoshizaki

Market Cap: JP¥790.0b

Researches, develops, manufactures, and sells commercial kitchen appliances and equipment in Japan, the United States, Europe, the rest of Asia.

Sanwa Holdings

Market Cap: JP¥761.8b

Through its subsidiaries, manufactures and sells construction metal products for commercial and residential buildings in Japan, North America, Europe, and Asia.

RS Group

Market Cap: UK£3.4b

Engages in the distribution of maintenance, repair, and operations products and service solutions in the United Kingdom, the United States, France, Mexico, Germany, Italy, Switzerland, and internationally.

Maire

Market Cap: €3.9b

MAIRE S.p.A. engages in the provision of solutions in the field of green chemistry and energy transition technologies.

Beijing New Building Materials

Market Cap: CN¥28.9b

Manufactures and sells building materials in China.

Bucher Industries

Market Cap: CHF 3.1b

Manufactures and sells machinery, systems, and hydraulic components for harvesting, producing and packaging food products, and keeping roads and public spaces clean and safe in Asia, the United States, Europe, and internationally.

COMSYS Holdings

Market Cap: JP¥616.6b

Engages in information and communication construction, electrical equipment construction, and information processing-related businesses in Japan.

QinetiQ Group

Market Cap: UK£2.7b

Provides science and technology solution in the defense, security, and infrastructure markets in the United States, Australia, Canada, and Germany.

Takasago Thermal Engineering

Market Cap: JP¥564.7b

Designs and constructs air conditioning systems in Japan and internationally.

Sinotruk Jinan TruckLtd

Market Cap: CN¥23.5b

Develops, produces, and sells various types of heavy-duty vehicles, special vehicles, specialized vehicles, engines, transmissions, axles, and other assemblies and automotive components in China.

XJ Electric

Market Cap: CN¥22.7b

Provides energy and power and technology equipment in China and internationally.

EXEO Group

Market Cap: JP¥529.1b

Provides services related to communications, electricity, civil engineering, and the environment in Japan.