Global Materials Low Leverage High Rewards

Dynapac

Market Cap: JP¥23.9b

Engages in the manufacture and sale of packaging materials in Japan and internationally.

Hydratec Industries

Market Cap: €230.1m

Through its subsidiaries, manufactures and sells industrial systems and plastic components for food, health, and mobility markets in the Netherlands, rest of Europe, Asia, North America, South America, Africa, and Oceania.

Mory Industries

Market Cap: JP¥38.2b

Manufactures and sells stainless steel and welded carbon steel products in Japan.

Shreyans Industries

Market Cap: ₹2.4b

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

artience

Market Cap: JP¥168.7b

Engages in the colorants and functional materials, polymers and coatings, printing and information, and packaging materials businesses in Japan, Europe, Asia, the Americas, and internationally.

Inner Mongolia Junzheng Energy & Chemical GroupLtd

Market Cap: CN¥40.7b

Inner Mongolia Junzheng Energy & Chemical Group Co.,Ltd.

DONGBANGRO

Market Cap: ₩77.0b

Produces and sells pesticides and fertilizers in South Korea.

Hodogaya Chemical

Market Cap: JP¥30.0b

Primarily engages in the production and sale of organic industrial chemicals in Japan.

2S Metal

Market Cap: ฿1.3b

Manufactures and sells steel pipes, steel plates, light lip channels, and steel wire mesh products in Thailand and Lao People's Democratic Republic.

Crown Paints Kenya

Market Cap: KSh7.2b

Manufactures and sells paints, adhesives, decorating sundries, PVA emulsions, and alkyd resins in Kenya, Uganda, Tanzania, and Rwanda.

Lucky Cement

Market Cap: NT$6.1b

Manufactures and sells cement, stone, and other cement-related products in the People’s Republic of China.

Gujarat State Fertilizers & Chemicals

Market Cap: ₹69.2b

Produces and sells fertilizers and chemicals in India.

Nippon Denko

Market Cap: JP¥41.2b

Engages in the ferroalloys, functional materials, incineration ash recycling, aqua solutions, and electric power businesses in Japan.

Tokyo Tekko

Market Cap: JP¥49.4b

Engages in the manufacture and sale of steel and reinforcing bars in Japan.

Nippon Carbide Industries

Market Cap: JP¥23.1b

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

Union Plastic

Market Cap: ฿525.0m

Manufactures and sells thermoplastics in Thailand.

Al Quds Readymix

Market Cap: د.أ6.3m

Engages in the manufacture and sale of ready mix concrete and other concrete related products in Jordan.

Nickel Asia

Market Cap: ₱48.2b

Engages in the mining and exploration of nickel saprolite, limonite ore, limestone, and quarry materials in the Philippines.

Ruchira Papers

Market Cap: ₹3.6b

Manufactures and markets kraft paper, and writing and printing paper products in India and internationally.

Nippon Crucible

Market Cap: JP¥4.0b

Through its subsidiaries, engages in the manufacture and sale of refractory products primarily in Japan.

SE

Market Cap: JP¥7.9b

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

Prodigy

Market Cap: ฿873.2m

Engages in the manufacture and distribution of packaging products in Thailand.

Betonjaya Manunggal

Market Cap: Rp272.2b

Engages in the manufacturing and sale of round bars in Indonesia.

Daido Steel

Market Cap: JP¥321.8b

Engages in the manufacture and sale of steel products in Japan and internationally.

Nihon Parkerizing

Market Cap: JP¥154.1b

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

Taiyo KagakuLtd

Market Cap: JP¥39.3b

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

Araya Industrial

Market Cap: JP¥23.2b

Manufactures and sells steel products in Japan and internationally.

Natoco

Market Cap: JP¥11.7b

Manufactures and sells paints, inks, fine chemicals, synthetic resins, and related products in Japan.

Asia Cement

Market Cap: NT$127.5b

Engages in the manufacturing and selling cement, clinker, ready-mixed concrete, and cement related products in China and Taiwan.

Clover

Market Cap: AU$127.8m

Engages in the production, refining, and sale of natural oils and encapsulated powders in Australia, New Zealand, Asia, Europe, the Middle East, and the Americas.

Regis Resources

Market Cap: AU$5.6b

Engages in the exploration, evaluation, and development of gold projects in Australia.

KurimotoLtd

Market Cap: JP¥100.2b

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

Shandong Link Science and TechnologyLtd

Market Cap: CN¥5.3b

Shandong Link Science and Technology Co.,Ltd.

Flügger group

Market Cap: DKK 947.7m

Designs, manufactures, and markets decorative paints, wood protection products, spackling pastes, and wallpaper and tools.

MEGA P&C Advanced Materials (Shanghai)

Market Cap: CN¥4.9b

Produces and sells solid content, water-based solvent free, and special function coating products in China.

Golik Holdings

Market Cap: HK$580.1m

An investment holding company, manufactures and sells metal products and building construction materials in Hong Kong, Macau, Mainland China, and internationally.