Global Materials Low Leverage High Rewards

Sentien Printing Factory

Market Cap: NT$1.1b

Manufactures and sells heat transfer, insert mold, and in-mold labels and release foils in Taiwan, Mainland China, Indonesia, Vietnam, and internationally.

Exacompta Clairefontaine

Market Cap: €190.1m

Engages in producing, finishing, and formatting of papers in France, Europe, and internationally.

Feng Hsin Steel

Market Cap: NT$37.8b

Manufactures, processes, and trades various steel products in Taiwan.

Uzin Utz

Market Cap: €304.7m

Develops, manufactures, and sells construction chemical product systems in Germany, the United States, Netherlands, and internationally.

Dangote Cement

Market Cap: ₦17.3t

Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria.

Shanghai Zijiang Enterprise Group

Market Cap: CN¥9.3b

Shanghai Zijiang Enterprise Group Co., Ltd.

Zhejiang Jiahua Energy Chemical IndustryLtd

Market Cap: CN¥8.6b

Zhejiang Jiahua Energy Chemical Industry Co.,Ltd.

OAT Agrio

Market Cap: JP¥24.7b

Researches, develops, manufactures, and sells agrochemicals and fertilizers in Japan and internationally.

TMP Steel

Market Cap: NT$1.7b

Together with its subsidiary, manufactures and sells iron and steel building materials in Taiwan.

Anhui Conch Cement

Market Cap: CN¥90.5b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

NOF

Market Cap: JP¥618.4b

Manufactures chemicals in Japan.

Chugoku Marine Paints

Market Cap: JP¥184.6b

Produces and sells functional coatings worldwide.

Baoshan Iron & Steel

Market Cap: CN¥125.1b

Manufactures and sells steel products in China and internationally.

Limin GroupLtd

Market Cap: CN¥7.6b

Engages in the research and development, production, and sale of fungicides, insecticides, and herbicides in China.

Asahipen

Market Cap: JP¥6.4b

Manufactures, imports, and sells various paints and painting supplies, and household supplies in Japan.

Hokko Chemical Industry

Market Cap: JP¥51.1b

Together with subsidiaries, manufactures and sells crop protection and fine chemicals products in Japan and internationally.

POVAL KOGYO

Market Cap: JP¥3.6b

Manufactures and sells general bonding and resin processed items in Japan, rest of Asia, and internationally.

Indocement Tunggal Prakarsa

Market Cap: Rp17.6t

Manufactures and sells cement products in Indonesia and internationally.

Zhejiang NHU

Market Cap: CN¥93.5b

Produces and sells nutritional products, fragrances and flavors, polymer materials, and active pharmaceutical ingredients in China and internationally.

Shandong Nanshan AluminiumLtd

Market Cap: CN¥53.6b

Engages in the aluminum processing business worldwide.

Mitani Sekisan

Market Cap: JP¥131.7b

Produces and sells concrete products in Japan.

Lih Tai Construction Enterprise

Market Cap: NT$5.0b

Engages in the production and sale of ready-mixed concrete products in Taiwan.

Trinidad Cement

Market Cap: TT$669.2m

Manufactures and sells cement, ready-mix concrete, aggregates, packaging and other construction materials in the Republic of Trinidad and Tobago, Jamaica, Barbados, Guyana, and the OECS Islands.

Bowler Metcalf

Market Cap: R943.7m

Manufactures and sells rigid plastic packaging in South Africa.

Toyo Seikan Group Holdings

Market Cap: JP¥640.0b

Manufactures and sells packaging containers in Japan, rest of Asia, and internationally.

Changhae Ethanol

Market Cap: ₩70.5b

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

Yushiro

Market Cap: JP¥41.2b

Manufactures and sells metalworking oils and fluids, and building maintenance products in Japan, the Americas, the United States, China, Southeast Asia, and India.

Explosive

Market Cap: CN¥11.8b

Engages in the research, development, production, and sale of civil blasting materials in China.

Nihon Yamamura Glass

Market Cap: JP¥28.7b

Produces and sells glass bottles and plastic caps in Japan and internationally.

Jiangsu Changbao SteeltubeLtd

Market Cap: CN¥5.7b

Manufactures and sells steel tubes in the People’s Republic of China and internationally.

Crescent Steel and Allied Products

Market Cap: PK₨8.3b

Engages in engineering, textiles, capital markets, and power sectors in Pakistan.

Vicat

Market Cap: €3.0b

Engages in the production and sale of cement, ready-mixed concrete, and aggregates for construction industry.

Takasago International

Market Cap: JP¥117.2b

Manufactures and sells flavors, fragrances, aroma ingredients, and fine chemicals in Japan, the Americas, Europe, and Asia.

Xingfa Aluminium Holdings

Market Cap: HK$2.8b

An investment holding company, manufactures and sells aluminium profiles in the People’s Republic of China.

Vassiliko Cement Works

Market Cap: €438.8m

Engages in the production and sale of clinker and cement products in Cyprus and Israel.

Richards Group

Market Cap: CA$323.6m

Designs, manufactures, and distributes packaging containers and healthcare supplies and products in North America.