Global Materials Low Leverage High Rewards

Perenti

Market Cap: AU$1.3b

Operates as a mining services company worldwide.

Tokushu Tokai Paper

Market Cap: JP¥43.3b

Manufactures, processes, and sells paper products in Japan.

Yotai Refractories

Market Cap: JP¥32.6b

Engages in the manufacture and sale of refractories and new ceramics, as well as related engineering business in Japan.

Sun A.Kaken CompanyLimited

Market Cap: JP¥5.4b

Manufactures and sells packaging material-related products in Japan.

Fumakilla

Market Cap: JP¥18.3b

Manufactures, sells, imports, and exports household, gardening, and business products worldwide.

ZACROS

Market Cap: JP¥73.3b

Provides packaging materials, medical/pharmaceutical packaging materials, and materials for the functional fields in Japan and internationally.

Gullewa

Market Cap: AU$16.8m

Engages in the exploration, evaluation, and mining of mineral properties in Australia.

TYK

Market Cap: JP¥21.8b

Engages in the manufacture and sale of functional refractories and ceramics worldwide.

Sumitomo Bakelite

Market Cap: JP¥290.8b

Engages in the research and development, manufacture and sale of semiconductor materials, plastic products, and life products in Japan and internationally.

MEC

Market Cap: JP¥44.1b

Engages in the research and development, production, and sale of chemicals, equipment, and related materials used in the production of printed circuit boards in Japan, Taiwan, Hong Kong, China, Thailand, and Europe.

Severstal

Market Cap: ₽688.1b

Public Joint Stock Company Severstal, together with its subsidiaries, operates as an integrated steel and steel-related mining company in Russia, Europe, CIS, the Middle East, North America, Africa, Central and South America, China, and Asia.

Thai Metal Drum Manufacturing

Market Cap: ฿3.6b

Manufactures and distributes metal drums and plastic products in Thailand and internationally.

Panca Budi Idaman

Market Cap: Rp3.9t

Engages in the manufacture and distribution of plastic packaging items.

Prestar Resources Berhad

Market Cap: RM 129.3m

An investment holding company, manufactures and trades in steel related products primarily in Malaysia.

Liton Technology

Market Cap: NT$5.1b

Manufactures and sells etched and formed aluminum foils in Mainland China, Europe, the Americas, Japan, Korea, India, Southeast Asia, Malaysia, Indonesia, and internationally.

Quality Construction Products

Market Cap: ฿3.1b

Produces and distributes autoclaved aerated concrete blocks, reinforced wall panels, floor panels, and lintels for construction uses in Thailand and internationally.

Diamond Building Products

Market Cap: ฿4.7b

Engages in the manufacture and distribution of roof tiles, artificial woods, and autoclaved aerated concrete products in Thailand and internationally.

KISCO Holdings

Market Cap: ₩262.7b

Through its subsidiaries, develops, produces, and sells steel products primarily in South Korea.

Zhejiang JIULI Hi-tech MetalsLtd

Market Cap: CN¥22.2b

Engages in the production and sales of pipes, welded pipes, pipe fittings, and other products in China and internationally.

PIM

Market Cap: MU₨104.5m

Engages in the manufacture and sale of plastic products in Mauritius.

KPX Holdings

Market Cap: ₩235.1b

Through its subsidiaries, manufactures and sells chemical products.

Sinosteel New Materials

Market Cap: CN¥5.9b

Produces and sells ferrite magnetic materials, and magnetic separation and crushing equipment in China and internationally.

Daxin Materials

Market Cap: NT$16.9b

Engages in the research, development, production, and sale of display and key raw materials, and specialty chemicals for semiconductors in Taiwan, China, Japan, and internationally.

Shreyans Industries

Market Cap: ₹2.4b

Engages in the manufacture and sale of writing and printing papers in India and internationally.

Xiamen TungstenLtd

Market Cap: CN¥29.1b

Engages in the sale of tungsten, molybdenum, rare earth, and new energy materials in China.

Pakistan Paper Products

Market Cap: PK₨1.1b

Produces and sells exercise books, pro-labels, and sensitized papers in Pakistan.

Anhui Sierte Fertilizer industry company

Market Cap: CN¥4.4b

Produces and sells compound fertilizers in China.

Lanka Aluminium Industries

Market Cap: LK₨2.6b

Manufactures and sells aluminium extrusions in Sri Lanka.

Pioneer Cement

Market Cap: PK₨43.9b

Manufactures, markets, and sells cement and clinker products in Pakistan.

Satellite ChemicalLtd

Market Cap: CN¥61.0b

A low-carbon chemical company, manufactures and sells functional chemicals, new polymer materials, and new energy materials in China and internationally.

Veedol

Market Cap: ₹24.9b

Manufactures and markets lubricants under the Veedol brand in India.

ORG TechnologyLtd

Market Cap: CN¥13.6b

Offers packaging solutions in China and internationally.

Jiangsu Huachang Chemical

Market Cap: CN¥6.7b

Manufactures and sells agrochemicals, basic chemicals, fine chemicals, and biochemical products in China.

Castings

Market Cap: UK£110.8m

Engages in the iron casting and machining activities in the United Kingdom, Germany, Sweden, the Netherlands, rest of Europe, North and South America, 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.

Centerra Gold

Market Cap: CA$1.9b

Engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally.