Global Materials Low Leverage High Rewards

Carlit

Market Cap: JP¥24.7b

Through its subsidiaries, engages in the manufacture and sale of industrial explosives.

Scientex Packaging (Ayer Keroh) Berhad

Market Cap: RM 571.5m

Engages in the manufacture and marketing of flexible packaging materials in Malaysia, Australia, Thailand, Myanmar, Singapore, the Philippines, Myanmar, and internationally.

Fujikura Kasei

Market Cap: JP¥14.2b

Provides various coatings and painting materials in Japan and internationally.

Tung Ho Steel Enterprise

Market Cap: NT$48.0b

Produces and sells steel products in Taiwan.

Tek Seng Holdings Berhad

Market Cap: RM 88.4m

An investment holding company, manufactures and trades in polyvinyl chloride (PVC) related products and polypropylene (PP) non-woven products.

GR Engineering Services

Market Cap: AU$473.6m

Provides engineering, procurement, and construction services to the mining and mineral processing industries in Australia and internationally.

Chubu Steel Plate

Market Cap: JP¥57.7b

Engages in the manufacture and sale of steel plates in Japan.

Huafon ChemicalLtd

Market Cap: CN¥33.2b

Produces and sells spandex in China.

Yunnan Chihong Zinc & Germanium

Market Cap: CN¥25.9b

Yunnan Chihong Zinc & Germanium Co., Ltd.

Zeon

Market Cap: JP¥275.9b

Engages in the elastomers, specialty materials, and other businesses.

Sanyo Chemical Industries

Market Cap: JP¥80.5b

Manufactures and sells chemical products in Japan.

Dynapac

Market Cap: JP¥18.1b

Manufactures and sells packaging materials in Japan and internationally.

Toagosei

Market Cap: JP¥147.9b

Manufactures, distributes, and sells chemical products.

Hydratec Industries

Market Cap: €214.2m

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.

artience

Market Cap: JP¥145.9b

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

Fuji Seal International

Market Cap: JP¥135.1b

Provides packaging solutions primarily for food, beverages, home and personal care, and medical fluid diet markets.

Tokuyama

Market Cap: JP¥204.3b

Produces and sells various chemical products in Japan.

San Fang Chemical Industry

Market Cap: NT$16.0b

Manufactures and sells artificial leather, synthetic resin, and other materials in Taiwan, China, Hong Kong, Southeast Asia, and internationally.

Lee & Man Chemical

Market Cap: HK$2.9b

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

Mory Industries

Market Cap: JP¥38.1b

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

Tokyo Printing Ink Mfg

Market Cap: JP¥10.2b

Manufactures and sells specialty chemicals in Japan and internationally.

Takemoto Yohki

Market Cap: JP¥9.9b

Plans, develops, manufactures, and sells plastic packaging containers in Japan, China, India, the United States, Thailand, the Netherlands, and internationally.

GHCL

Market Cap: ₹56.1b

Manufactures and sells inorganic chemicals in India and internationally.

Xiamen Hexing Packaging Printing

Market Cap: CN¥3.6b

Xiamen Hexing Packaging Printing Co., Ltd.

HOKUETSU METAL

Market Cap: JP¥5.3b

Manufactures, processes, and sells iron and steel products in Japan.

Tiande Chemical Holdings

Market Cap: HK$930.1m

An investment holding company, engages in the research, development, manufacture, and sells fine chemical products in the People’s Republic of China, India, Switzerland, the United States, Spain, and internationally.

Göltas Göller Bölgesi Cimento Sanayi ve Ticaret

Market Cap: ₺6.9b

Göltas Göller Bölgesi Cimento Sanayi ve Ticaret A.S.

Mineros

Market Cap: Col$1.8t

Engages in the exploration, development, and production of gold in Central and South America.

Norsk Hydro

Market Cap: NOK 110.3b

Engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities worldwide.

Riyadh Cement

Market Cap: ر.س4.0b

Produces and sells cement in the Kingdom of Saudi Arabia, the Kingdom of Bahrain, the Hashemite Kingdom of Jordan, the State of Kuwait, the State of Qatar, and the Sultanate of Oman.

Shenzhen Jinjia GroupLtd

Market Cap: CN¥5.1b

Engages in the research, development, and production of packaging materials in China.

AMG Packaging & Paper

Market Cap: JA$1.4b

Manufactures, distributes, and retails cartons of various sizes in Jamaica.

Rio Tinto Group

Market Cap: UK£77.4b

Engages in exploring, mining, and processing mineral resources worldwide.

Natoco

Market Cap: JP¥10.5b

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

Araya Industrial

Market Cap: JP¥22.0b

Manufactures and sells steel products in Japan and internationally.

Betonjaya Manunggal

Market Cap: Rp293.8b

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