Mexican Materials Potentially Undervalued Companies

Orbia Advance Corporation. de

Market Cap: Mex$27.3b

Orbia Advance Corporation, S.A.B. de C.V.

Cleveland-Cliffs

Market Cap: Mex$3.5b

Operates as a flat-rolled steel producer in the United States, Canada, and internationally.

GCC. de

Market Cap: Mex$54.6b

Through its subsidiaries, produces, distributes, and sells gray Portland cement, ready-mix concrete, aggregates, and other building construction materials in Mexico and the United States.

Anhui Conch Cement

Market Cap: Mex$139.4b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

PPG Industries

Market Cap: Mex$22.6b

Manufactures and distributes paints, coatings, and specialty materials in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa.

ALPEK. de

Market Cap: Mex$17.7b

Alpek, S.A.B. de C.V., together with its subsidiaries, operates as a petrochemical company in Mexico and internationally.

Navigator Company

Market Cap: Mex$2.4b

Manufactures and markets pulp and paper products worldwide.

Convertidora Industrial. de

Market Cap: Mex$120.3m

Engages in the production and conversion of plastic films for use as flexible packaging in Mexico and internationally.

Celanese

Market Cap: Mex$4.4b

A chemical and specialty materials company, manufactures and sells engineered polymers worldwide.

Companhia Siderúrgica Nacional

Market Cap: Mex$11.9b

Operates as an integrated steel producer in Brazil and Latin America.

FMC

Market Cap: Mex$4.7b

An agricultural sciences company, provides crop protection solutions to farmers in Latin America, North America, Europe, the Middle East, Africa, and Asia.

West Fraser Timber

Market Cap: Mex$8.2b

A diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy.

Arkema

Market Cap: Mex$7.7b

Manufactures and sells specialty materials in Europe, the United States, Canada, Mexico, China, Hong Kong, Taiwan, and internationally.

Sibanye Stillwater

Market Cap: Mex$56.0b

Operates as a precious metals mining company in South Africa, the United States, Europe, and Australia.

Corporación Moctezuma. de

Market Cap: Mex$69.0b

Engages in the production, distribution, and sale of Portland cement, mortar, white cement, ready-mixed concrete and aggregates in Mexico.

CF Industries Holdings

Market Cap: Mex$14.6b

Engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally.

LyondellBasell Industries

Market Cap: Mex$18.6b

Operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally.

Gerdau

Market Cap: Mex$30.3b

Operates as a steel producer company.

Covestro

Market Cap: Mex$7.0b

Supplies high-tech polymer materials and application solutions.

Sealed Air

Market Cap: Mex$4.5b

Provides packaging solutions in the United States and internationally, Europe, the Middle East, Africa, and Asia Pacific.

Berry Global Group

Market Cap: Mex$7.5b

Manufactures and supplies products in consumer and industrial end markets in the United States, Canada, Europe, and internationally.

Nucor

Market Cap: Mex$25.5b

Engages in the manufacture and sale of steel and steel products.

Albemarle

Market Cap: Mex$6.4b

Provides energy storage solutions worldwide.

O-I Glass

Market Cap: Mex$1.8b

Through its subsidiaries, engages in the manufacture and sale of glass containers to food and beverage manufacturers primarily in the Americas, Europe, and internationally.

Heidelberg Materials

Market Cap: Mex$16.3b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

Steel Dynamics

Market Cap: Mex$17.8b

Operates as a steel producer and metal recycler in the United States.

CEMEX. de

Market Cap: Mex$155.5b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

Ball

Market Cap: Mex$13.4b

Supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally.

Braskem

Market Cap: Mex$15.2b

Engages in the manufacture, sale, import, and export of chemicals, petrochemicals, and fuels in Brazil.

Eastman Chemical

Market Cap: Mex$11.4b

Operates as a specialty materials company in the United States, China, and internationally.

Dow

Market Cap: Mex$20.4b

Through its subsidiaries, provides various materials science solutions for packaging, infrastructure, mobility, and consumer applications in the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America.

Ternium

Market Cap: Mex$5.3b

Manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally.

Avery Dennison

Market Cap: Mex$16.5b

Operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin, America, and internationally.

Gold Fields

Market Cap: Mex$407.7b

Operates as a gold producer with reserves and resources in Australia, South Africa, Ghana, Peru, Chile, and Canada.

Fortescue

Market Cap: Mex$47.1b

Engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally.

DuPont de Nemours

Market Cap: Mex$25.3b

Provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa.