Global Capital Goods Low Leverage High Rewards

Astra International

Market Cap: Rp192.3t

Operates in the automotive, financial services, heavy equipment, mining, construction, energy, agri, infrastructure and logistics, information technology, and property businesses in Indonesia and internationally.

Schindler Holding

Market Cap: CHF 31.2b

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

Manitou BF

Market Cap: €762.3m

Engages in the development, manufacture, and distribution of equipment and services in the France, Southern Europe, Northern Europe, the Americas, Asia, the Pacific, Africa, and the Middle East.

FERRO

Market Cap: zł720.1m

Manufactures and sells sanitary and plumbing fixtures in Poland and internationally.

Billington Holdings

Market Cap: UK£45.0m

Through its subsidiaries, provides structural steel and construction safety solutions in the United Kingdom and Europe.

AB SKF

Market Cap: SEK 87.3b

Designs, manufactures, and sells bearings and units, seals, lubrication systems, condition monitoring, and services worldwide.

TECHNO ASSOCIE

Market Cap: JP¥31.6b

TECHNO ASSOCIE Co., Ltd. designs, manufactures, and sells fasteners, processed components, raw steel, electrical components, chemical products, and industrial instruments worldwide.

InnoTec TSS

Market Cap: €68.9m

Through its subsidiaries, produces and sells exterior door panels for the construction industry in Germany, Europe, and internationally.

Desarrollos Especiales de Sistemas de Anclaje

Market Cap: €26.2m

Desarrollos Especiales de Sistemas de Anclaje, S.A.

HOMAG Group

Market Cap: €476.9m

Manufactures and sells machines and solutions for wood processing and timber construction industries worldwide.

Sekisui Chemical

Market Cap: JP¥1.0t

Engages in the housing, urban infrastructure and environmental products, high performance plastics, and medical businesses.

NGK Insulators

Market Cap: JP¥527.1b

Manufactures and sells electric power related equipment in Japan, North America, Europe, Asia, and others.

Nitto Kogyo

Market Cap: JP¥114.0b

Manufactures and sells electric and mechanical equipment worldwide.

Nippon Tungsten

Market Cap: JP¥5.7b

Provides rare metal and fine ceramic products primarily composed of tungsten based on powder metallurgical technology.

Makita

Market Cap: JP¥1.1t

Engages in the manufacture and sale of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, Asia, Australia, Brazil, and the United Arab Emirates.

Sonec

Market Cap: JP¥6.1b

Engages in the general construction business.

Maezawa Kasei Industries

Market Cap: JP¥26.1b

Produces and sells water and sewerage related products, and environmental equipment.

Korea Cast Iron Pipe Ind

Market Cap: ₩158.1b

Manufactures and sells pipes in South Korea and internationally.

Seibu GikenLtd

Market Cap: JP¥31.2b

Manufactures and sells environmental conservation and energy-saving equipment in Japan, China, rest of Asia, Europe, North America, and internationally.

Nireco

Market Cap: JP¥12.1b

Provides process control, Web control, and inspection systems in Japan.

Moriya

Market Cap: JP¥8.2b

Operates as a general construction company in Japan.

Denyo

Market Cap: JP¥48.1b

Engages in the developing, manufacturing, and selling of engine-driven generators, welders, and air compressors in Japan, the United States, rest of Asia, and Europe.

Kumagai GumiLtd

Market Cap: JP¥183.1b

Operates as a construction company in Japan and internationally.

Union Tool

Market Cap: JP¥63.1b

Designs, manufactures, and sells of cutting tools, linear motion products, and metal machining equipment in Japan, China, Taiwan, and internationally.

Tokuden

Market Cap: JP¥3.9b

Manufactures and sells welding materials in Japan.

Noda

Market Cap: JP¥10.4b

Manufactures, processes, imports, and sells woody and inorganic building material, medium-density fiberboard, and plywood products in Japan.

Star Micronics

Market Cap: JP¥52.4b

Produces and sells machine tools and special products in Japan, Europe, the United States, and Asia.

Ebara

Market Cap: JP¥1.0t

Manufactures and sells industrial machinery.

Taihei Dengyo Kaisha

Market Cap: JP¥101.9b

Engages in the plant construction business in Japan and internationally.

Nittoc Construction

Market Cap: JP¥43.8b

Engages in specialized construction works in Japan.

Otec

Market Cap: JP¥22.3b

Trades pipework equipment in Japan.

Freund

Market Cap: JP¥12.7b

Develops, manufactures, and sells granulation and coating equipment and plant engineering for the pharmaceutical, food, chemical, and other industries in Japan and internationally.

Shinpo

Market Cap: JP¥6.7b

Manufactures and sells smokeless roasters in Japan and internationally.

Totetsu Kogyo

Market Cap: JP¥108.1b

Engages in the railway track maintenance, civil engineering, architectural, and environmental businesses in Japan.

Sanso ElectricLtd

Market Cap: JP¥3.6b

Engages in the manufacturing and selling of motors, pumps, and system solution products in Japan.

Hamai Industries

Market Cap: JP¥7.2b

Manufactures and sells precision machine equipment, valves, and high-pressure gas related equipment in Japan.