Norwegian Materials Low Leverage High Rewards

Norsk Hydro

Market Cap: NOK 182.0b

Engages in power production, bauxite extraction, alumina refining, aluminum smelting, recycling activities, and extruded solutions worldwide.

Yara International

Market Cap: NOK 137.3b

Provides crop nutrition, ammonia, and industrial solutions in Norway, European Union, Europe, Africa, Asia, North America, Latin America, Australia, and New Zealand.

Borregaard

Market Cap: NOK 16.8b

Engages in the development, production, and marketing of specialized biochemicals and biomaterials in Norway, rest of Europe, Asia, the United States, and internationally.