Global Materials Low Leverage High Rewards

Mino Ceramic

Market Cap: JP¥8.2b

Designs, produces, and sells refractories and advanced ceramics in Japan.

Nissan Chemical

Market Cap: JP¥566.1b

Engages in the chemicals, performance materials, agricultural chemicals, and pharmaceuticals businesses in Japan and internationally.

Nihon Parkerizing

Market Cap: JP¥136.3b

Engages in the manufacture and supply of surface treatment chemicals in Japan and internationally.

Kuriyama Holdings

Market Cap: JP¥25.7b

Manufactures and sells of various hoses, rubber, and plastics products in Japan, the United States, Canada, Europe, and internationally.

Yamax

Market Cap: JP¥13.0b

Engages in the manufacture and sale of concrete and cement products for the construction and civil engineering projects in Japan.

Nippon Shokubai

Market Cap: JP¥253.7b

Engages in the manufacture and sale of various chemical products in Japan and internationally.

Chugoku Marine Paints

Market Cap: JP¥102.6b

Produces and sells functional coatings worldwide.

Huangshan NovelLtd

Market Cap: CN¥6.5b

Manufactures and sells packaging materials in China and internationally.

Changhae Ethanol

Market Cap: ₩74.0b

Produces and sells spirits from sugar cane, tapioca, rice, and barley crops in South Korea.

Universal Cement

Market Cap: NT$19.2b

Manufactures and sells cement, ready-mixed concrete, gypsum board panels, and other building materials in Taiwan.

HEXPOL

Market Cap: SEK 28.8b

Develops, manufactures, and sells various polymer compounds and engineered gaskets, seals, and wheels in Sweden, rest of Europe, the United States, rest of the Americas, and Asia.

Nihon Kagaku Sangyo

Market Cap: JP¥29.0b

Produces and sells industrial chemicals and building materials in Japan and internationally.

EPL

Market Cap: ₹60.5b

Manufactures and sells plastic packaging materials in the form of multilayer collapsible tubes, corrugated boxes, and laminates.

Asia Pile Holdings

Market Cap: JP¥34.2b

Through its subsidiaries, engages in the foundation construction business in Japan and Vietnam.

Gansu Shangfeng CementLtd

Market Cap: CN¥8.3b

Engages in the manufacturing and sale of building materials, and cement and cement clinker products in China.

Shanghai Chlor-Alkali Chemical

Market Cap: CN¥8.4b

Manufactures and sells chemical products in China and internationally.

Nippon Carbide Industries

Market Cap: JP¥15.7b

Engages in the electronic and functional products, and films and sheetings business in Japan, Asia, and internationally.

Maruo Calcium

Market Cap: JP¥2.9b

Manufactures and sells various calcium carbonate and other industrial raw materials in Japan.

SE

Market Cap: JP¥8.1b

Engages in construction material and equipment business in Japan and internationally.

Taiyo KagakuLtd

Market Cap: JP¥28.8b

Manufactures and sells ingredients for food, beverage, supplement, and cosmetic applications in Japan and internationally.

Shikoku Kasei Holdings

Market Cap: JP¥82.0b

Engages in the research and development, manufacture, and sale of chemical products and housing materials in Japan and internationally.

Inner Mongolia Yuan Xing Energy

Market Cap: CN¥18.6b

Engages in the soda ash, methanol, fertilizer and agricultural production materials, and other businesses in China.

United Paper

Market Cap: ฿4.9b

Engages in the production and distribution of box surface paper and Kraft paper for packaging corrugated boxes in Thailand.

Yamato Kogyo

Market Cap: JP¥528.8b

Through its subsidiaries, engages in the manufacture and sale of steel products in Japan, and internationally.

Union Chemicals Lanka

Market Cap: LK₨1.2b

Manufactures and markets a range of polyvinyl/acrylic emulsions for paint and textile industries, and industrial and domestic use as adhesives in Sri Lanka.

Nitto Denko

Market Cap: JP¥1.7t

Primarily engages in the adhesive tapes business in Japan, the Americas, Europe, Asia, and Oceania.

Sakai Chemical Industry

Market Cap: JP¥40.7b

Provides various chemical products in Japan.

Tokyo Tekko

Market Cap: JP¥48.3b

Engages in the manufacture and sale of steel products for the construction industry in Japan.

KurimotoLtd

Market Cap: JP¥57.4b

Manufactures and sells ductile iron pipes and accessories, valves, industrial equipment and materials, and construction materials in Japan and internationally.

Ohishi Sangyo

Market Cap: JP¥10.6b

Engages in the manufacture and sale of industrial packaging materials primarily in Japan.

Jaya Tiasa Holdings Berhad

Market Cap: RM 1.1b

An investment holding company, engages in the extraction and sale of logs in Malaysia.

Qingdao East Steel Tower StockLtd

Market Cap: CN¥9.5b

Manufactures and markets steel structure products in the People’s Republic of China.

Treatt

Market Cap: UK£154.3m

Manufactures and supplies various natural extracts and ingredients to beverage, flavor, fragrance, and consumer goods markets in the United Kingdom, Germany, Ireland, rest of Europe, the United States, rest of the Americas, China, and internationally.

CF Industries Holdings

Market Cap: US$13.3b

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.

Transcontinental

Market Cap: CA$1.5b

Engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, and internationally.

MORESCO

Market Cap: JP¥10.8b

Develops, manufactures, and sells chemical products in Japan and internationally.