Mexican Materials Potentially Undervalued Companies

Vidrala

Market Cap: Mex$2.8b

Engages in the manufacture and sale of glass containers for food and beverage products in the United Kingdom, Ireland, Italy, Iberian Peninsula, rest of Europe, and Brazil.

Orbia Advance Corporation. de

Market Cap: Mex$40.6b

Provides polymer solutions in the United States, Northwest Europe, Africa, the Middle East, Asia, Southwest Europe, Mexico, Brazil, Central and Eastern Europe, Colombia, Central America, Peru, Southeast Europe, Canada, Ecuador, Argentina, Chile, Israel, and internationally.

Fortuna Mining

Market Cap: Mex$4.4b

Engages in the precious and base metal mining and related activities in Argentina, Côte d’Ivoire, Mexico, Peru, and Senegal.

ALPEK. de

Market Cap: Mex$21.9b

Operates as a petrochemical company in Mexico, the United States, Argentina, Brazil, Chile, Canada, the United Kingdom, Oman, and Saudi Arabia.

Fortescue

Market Cap: Mex$46.1b

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

FMC

Market Cap: Mex$1.7b

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

Celanese

Market Cap: Mex$7.0b

Produces and sells engineered polymers worldwide.

Navigator Company

Market Cap: Mex$2.4b

Manufactures and markets pulp and paper products worldwide.

Sika

Market Cap: Mex$22.2b

A specialty chemicals company, develops, produces, and sells systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry worldwide.

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$151.7b

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

Corporación Moctezuma. de

Market Cap: Mex$68.0b

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

Inmocemento

Market Cap: Mex$1.6b

Through its subsidiaries, engages in the real estate and cement businesses.

Suzano

Market Cap: Mex$65.7b

Manufactures and sells pulp and paper products in Brazil and internationally.

Sealed Air

Market Cap: Mex$4.5b

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

B2Gold

Market Cap: Mex$9.0b

Operates as a gold producer company in Canada.

Tubacex

Market Cap: Mex$384.7m

Engages in the manufacturing and sale of stainless steel and nickel tubes in Spain and internationally.

Eagle Materials

Market Cap: Mex$6.2b

Through its subsidiaries, manufactures and sells heavy construction products and light building materials in the United States.

GCC. de

Market Cap: Mex$63.0b

Through its subsidiaries, produces, markets, and distributes cement, aggregates, ready-mix concrete, and other materials for the construction industry in Mexico and the United States.

Cydsa. de

Market Cap: Mex$11.1b

Together its subsidiaries, produces and markets salt, chlorine, caustic soda, and refrigerant gases, electricity and steam cogeneration, and underground storage of hydrocarbons in Mexico, the United States, Canada, Central and South America, Asia, and Europe.

Methanex

Market Cap: Mex$4.9b

Produces and supplies methanol in Asia Pacific, North America, Europe, and South America.

Torex Gold Resources

Market Cap: Mex$7.0b

A mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Mexico and the United States.

DRDGOLD

Market Cap: Mex$2.7b

A gold mining company, engages in the extraction of gold from the retreatment of surface mine tailings in South Africa.

O-I Glass

Market Cap: Mex$1.6b

Through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers in the Americas, Europe, and internationally.

Vitro. de

Market Cap: Mex$2.6b

Through its subsidiaries, produces, processes, distributes, and markets inorganic chemical products worldwide.

Sylvamo

Market Cap: Mex$1.6b

Produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Europe, Latin America, and North America.

Eastman Chemical

Market Cap: Mex$7.3b

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

Chemours

Market Cap: Mex$3.2b

Provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America.

Commercial Metals

Market Cap: Mex$7.3b

Manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, 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.

Smurfit Westrock

Market Cap: Mex$22.0b

Manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in North America, South America, Europe, Asia, Africa, Australia, and internationally.

International Paper

Market Cap: Mex$20.6b

Produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa.

Barrick Mining

Market Cap: Mex$98.7b

Engages in the exploration, development, production, and sale of mineral properties.

McEwen

Market Cap: Mex$1.3b

Engages in the exploration, development, production, and sale of gold and silver deposits in the United States, Canada, Mexico, and Argentina.

USA Rare Earth

Market Cap: Mex$3.6b

Engages in mining, processing, and supplying rare earths and other critical minerals in the United States.

Verallia Société Anonyme

Market Cap: Mex$3.3b

Manufactures and sells glass packaging products for beverages and food products worldwide.