Global Capital Goods Low Leverage High Rewards

Fastenal

Market Cap: US$46.3b

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

KION GROUP

Market Cap: €5.0b

Provides industrial trucks and supply chain solutions in Western and Eastern Europe, the Middle East, Africa, North America, Central and South America, China, and the rest of the Asia Pacific.

Spindex Industries

Market Cap: S$100.4m

Engages in the manufacture, import, export, and trade of mechanical, electrical, electronic, and precision machine parts.

Thanh Thanh

Market Cap: ₫52.3b

Manufactures and sells tiles in Vietnam.

Seco/Warwick

Market Cap: zł237.6m

Engages in manufacture and sale of heat treatment furnaces for metals in the European Union, Russia, the United States, Asia, and internationally.

Helios Techno Holding

Market Cap: JP¥16.5b

Engages in the lamp and manufacturing equipment businesses in Japan.

Ruentex Engineering & Construction

Market Cap: NT$45.2b

Ruentex Engineering & Construction Co., Ltd.

Nakano RefrigeratorsLtd

Market Cap: JP¥27.3b

Engages in design, manufacture, sale, installation work, and after-sales services of refrigerated showcases, refrigerators, freezers, and related products in Japan.

Arrow Syndicate

Market Cap: ฿1.3b

Manufactures and sells various conduits in construction and building, electrical conduits, and PPR pipings for water treatment systems in Thailand.

Dongfang Electric

Market Cap: HK$53.1b

Engages in the design, develop, manufacture, and sale of power generation equipment in China and internationally.

GS Holdings

Market Cap: ₩3.6t

Together its subsidiaries, engages in the energy, power generation, retail, service, construction, and infrastructure businesses.

Mitani Sangyo

Market Cap: JP¥20.7b

Engages in chemicals, resin, electronics, information systems, air conditioning systems, housing equipment, energy businesses in Japan and internationally.

Nishoku Technology

Market Cap: NT$8.5b

Designs and manufactures plastic injection molds in Taiwan, rest of Asia, the United States, Europe, and internationally.

Mitsubishi

Market Cap: JP¥10.5t

Engages in the natural gas, industrial materials and infrastructure, chemicals, mineral resources, automotive and mobility, food and consumer industry, power solution, and urban development businesses worldwide.

Nova Technology

Market Cap: NT$13.7b

Provides services for semiconductor plants, photonics plants, solar energy, biotech, pharmaceutical, and chemical industrial manufacturers in Taiwan, China, and internationally.

Fukuvi Chemical IndustryLtd

Market Cap: JP¥15.7b

Manufactures and sells plastic extrusion of construction and industrial products under the Fukuvi brands in Japan and internationally.

Japan Insulation

Market Cap: JP¥7.5b

Engages in the design, manufacture, and sale of calcium silicate products in Japan.

Maruzen

Market Cap: JP¥52.9b

Engages in the manufacture and sale of commercial kitchen equipment.

Gamma-Civic

Market Cap: MU₨4.1b

An investment holding company, engages in contracting, building materials, lottery and gaming technology, hospitality, properties, and financial services in Mauritius and Madagascar.

Anchun International Holdings

Market Cap: S$15.2m

An investment holding company, provides integrated chemical systems engineering and technology solutions for petrochemical and chemical industries in the People’s Republic of China.

Weichai Power

Market Cap: HK$138.3b

Engages in the manufacture and sale of diesel engines, automobiles, and other automobile components in China and internationally.

China Communications Services

Market Cap: HK$28.5b

Together with its subsidiaries provides telecommunications support services worldwide.

Heungkuk MetaltechLtd

Market Cap: ₩57.6b

Manufactures, processes, wholesales, and retails construction machinery parts in South Korea, rest of Asia, the United States, Europe, and internationally.

Taisei Oncho

Market Cap: JP¥22.5b

Engages in the design and construction of air conditioning, water supply/drainage sanitary, and electrical equipment systems in Japan.

Mirai IndustryLtd

Market Cap: JP¥56.1b

Engages in the manufacture and sale of electrical and pipe materials, and wiring devices in Japan.

Able Engineering Holdings

Market Cap: HK$1.2b

An investment holding company, operates building construction business in Hong Kong.

Brighton-Best International (Taiwan)

Market Cap: NT$34.5b

Brighton-Best International (Taiwan) Inc.

Bizlink Holding

Market Cap: NT$111.8b

Researches, designs, develops, manufactures, and sells interconnect products for cable harnesses in the United States, China, Germany, Malaysia, Taiwan, Italy, and internationally.

A. Soriano

Market Cap: ₱16.9b

Through its subsidiaries, engages in the resort, cable and wire manufacturing, and other operations in the Philippines.

Torishima Pump Mfg

Market Cap: JP¥52.7b

Manufactures and sells various pumps in Japan and internationally.

Mysore Petro Chemicals

Market Cap: ₹803.2m

Engages in the trading of petrochemical products in India.

Koike Sanso KogyoLtd

Market Cap: JP¥25.4b

Develops, manufactures, and sells various types of gases, welding and cutting machines and systems, and related products to industries that process steel plates, aluminum, and stainless steel in Japan and internationally.

Sinotruk (Hong Kong)

Market Cap: HK$52.2b

An investment holding company, engages in the research, development, manufacture, and sale of heavy-duty trucks (HDT), medium-heavy duty trucks, light duty trucks (LDT), buses, and related parts and components in Mainland China and internationally.

FSP Technology

Market Cap: NT$10.0b

Engages in manufacture, process, and trade of power supplies and electronic components in Taiwan, China, the United States, Germay, and internationally.

OSG

Market Cap: JP¥140.5b

Manufactures and sells cutting tools in Japan, the Americas, Europe, Africa, and Asia.

Odawara Engineering

Market Cap: JP¥11.1b

Engages in the design, development, manufacture, and sale of motor and coil winding equipment in Japan and internationally.