Spanish Materials Low Leverage High Rewards

Cementos Molins

Market Cap: €1.7b

Manufactures and sells cement and lime, precast concrete, and other construction materials in Spain, Argentina, Mexico, Uruguay, Bangladesh, India, Tunisia, Bolivia, Colombia, Croatia, Germany, and Turkey.

Iberpapel Gestión

Market Cap: €222.3m

Manufactures and markets printing and writing paper in Spain, rest of the European Union, South America, Africa, and internationally.

Miquel y Costas & Miquel

Market Cap: €512.6m

Engages in the manufacture, trading, and sale of fine and specialty lightweight papers in Spain and internationally.