Deep Intelligence Across Industries

Company Headquarters: Chengdu, China Founded: 1984 Workforce: ~ 16,000 Company Working: Dongfang Electric Corp Ltd is a Chinese company that primarily manufactures and sells power generation equipment. The Company is divided into five major reporting segments: Clean and High-Efficiency Energy Equipment, Renewable Energy Equipment, Engineering and Trade, Modern Manufacturing Service Industry, and Emerging Growth Industry. Water turbine generator sets, steam turbine generator sets, wind turbine generator sets, power station steam turbines and power station boilers, as well as gas turbines, are the primary products of the company. The company distributes its products both domestically and internationally.

Company Headquarters: Guangdong, China Founded: 1999 Workforce: ~10,000 Company Working: Leoch International Technology Limited (Leoch) is specialize in research and development, manufacturing, sales, and marketing of full categories of lead-acid batteries. The has established eight regional production bases located in Guangdong, Jiangsu, and Anhui of the PRC, Malaysia, Sri Lanka, Vietnam, and India respectively. More than a million square meters of space are occupied by Leoch factories. The 105 production lines and associated testing tools, along with the three dedicated battery research and development centres situated in Guangdong, Anhui, and Jiangsu, made up the company's robust and cutting-edge manufacturing and R&D capabilities. AGM VRLA batteries, VRLA-GEL batteries, pure lead batteries, UPS high-rate batteries, marine batteries, railway batteries, start-stop batteries, automotive batteries, motorcycle batteries, OPzV, OPzS, PzS, PzV and PzB tubular plate batteries, golf cart batteries, scrubber sweeper batteries, and electric vehicle batteries are among the series products that Leoch primarily manufactures. These items are extensively used in a variety of related fields, including telecommunication, power systems, radio and television systems, the railroad, solar energy, UPS, emergency lights, security, alarm, gardening tools, automobiles, golf carts, forklift trucks, electric vehicles, and baby carriers, among others. Leoch has a production capability of more than 20 million KVAh annually.

Company Headquarters: Connecticut, United States Founded: 1924 Workforce: ~3,300 Company Working: Duracell Inc. (Duracell), is the world's leading manufacturer of high-performance alkaline batteries, specialty cells, and rechargeable. Duracell manufactures batteries in the U.S., Europe, and China and provides a network of worldwide sales and distribution centres. Costco and Walmart are significant customers, representing approximately 30% of Duracell’s annual revenue. The company’s distributors spread across Nort America, Europe, Asia-Pacific, and Middle East & Africa.

Company Headquarters: Reggio Emilia Founded: 1960 Workforce: ~40,000 Company Working: Dana Motion Systems manufactures hydraulic – electronic components and a complete mechanical transmission range able to fit the needs of mobile and stationary applications in terms of working functions. The company creates and manufactures a full variety of mechanical transmissions, hydraulic, and electrical components that meet the needs of numerous industries, by merging various technologies. The company, a lone provider of comprehensive tailored systems, tops the industry in terms of client satisfaction due to its diverse product offering, regional reach, personalized solutions, and unparalleled knowledge. The Dana Motion Systems has production units in Europe and China, and a wide direct presence all over the world with its service and assembly centers, ensuring the highest closeness to the customer.

Company Headquarters: Munich, Germany Founded: 1898 Workforce: ~ 53,800 Company Working: MAN Energy Solutions is a company that produces large diesel engines and turbomachinery. It provides marine engines, compressors, turbines, turbochargers, and environmentally friendly technology. It provides such products to ships and power plants. MAN Energy Solutions provides global services to clients in the marine, energy, and industrial sectors.

Company Headquarters: US Founded: 2016 Workforce: 19,800 Company Working: Vertiv Holdings Co (Vertiv), formerly known as GS Acquisition Holdings Corp, was initially incorporated in Delaware (US) on April 25, 2016. The company designs, manufactures, and offers servicing of critical digital infrastructure. Vertiv provides solutions to data centers, communication networks, and commercial & industrial application areas. The company sells its solutions in more than 45 countries across the Americas, Asia Pacific, and Europe, the Middle East and Africa (EMEA). Vertiv provides a broad range of offerings, which include power monitoring products, thermal monitoring products, integrated rack systems, modular solutions, and monitoring systems for monitoring and controlling digital infrastructure. The company’s key customers are concentrated in three main end markets, including the data center (hyperscale/cloud, colocation, enterprise, and edge), communication networks, and commercial and industrial environments. In 2019, Vertiv spent USD 198.3 million on research and development (R&D).

Company Headquarters: Colorado, US Founded: 1981 Workforce: ~10,917 Company Working: Advanced Energy Industries, Inc. (AEI) is a global electrical and electronic manufacturing company. AEI serves semiconductor equipment, industrial, manufacturing, telecommunications, data center computing, and medical. It operates through over 25 locations across the globe. The company has divided its business segments into semiconductor equipment, industrial & medical applications, data center computing, and telecom & networking, however only two reporting segments for convenience namely, products and services. AEI holds expertise in designing, manufacturing, sell, and support precision power products that transform, refine, and modify the raw electrical power. Also, the advanced temperature measurement and control, electrostatic instrumentation products for test and measurement application, and gas sensing and monitoring solutions for multiple industry verticals.

Company Headquarters: South Korea Founded: 1952 Workforce: ~10,000 Company Working: Hanwha Group is a diversified company and has products for various industries, including chemical, aerospace, mechatronics, construction, finance, and solar energy. It primarily caters to the manufacturing, construction, finance, lifestyle, and leisure industries. The company offers its off-grid solar equipment through its subsidiary Q Cells, which became a part of Hanwha Group in 2012. Q Cells operates through its manufacturing units located across South Korea, Malaysia, China, and the US. Q Cells has a technology and innovation center in Germany. It has a dedicated sales network that spans across 40 countries. Hanwha Group has a PV cell production capacity of more than 9 GW annually, and between 2012 and 2018 produced over 2.5 billion solar cells. The company has extensive operations in Asia-Pacific, North America, Europe, South America, and the Middle East & Africa.

Brookfield Infrastructure Partners is the flagship publicly listed infrastructure vehicle of Brookfield, one of the world's largest alternative asset managers with over US$1 trillion in assets under management. It owns, usually alongside Brookfield-managed private funds, a globally diversified portfolio of essential infrastructure across four segments: utilities, transport, midstream and data. Around 85–90% of cash flow is regulated or contracted, much of it with inflation indexation. BIP's model combines three elements. First, organic growth from inflation escalators, volume and reinvested capital backlog. Second, an active "capital recycling" programme that sells mature, de-risked assets at attractive returns. Third, redeployment into value-oriented acquisitions sourced through Brookfield's global platform. In FY2025 it generated FFO of US$2.63 billion (US$3.32 per unit). It has raised its distribution for 17 consecutive years, to an annualised US$1.82 per unit for 2026. Its strategic frontier is now AI-related infrastructure: data centres, fibre, towers, behind-the-meter power and semiconductor fabrication. --- ### The company's own description In its FY2025 Form 20-F, BIP describes itself as a leading global infrastructure company that owns and operates high-quality, essential, long-life assets in the utilities, transport, midstream and data sectors across the Americas, Asia Pacific and Europe. It emphasises that it focuses on businesses with contracted and regulated revenues that produce predictable, stable cash flows. The filing also states that the partnership's objective is to pay a distribution that is sustainable over the long term, and that FFO per unit serves as a long-run proxy for future distribution growth (20-F FY25, Item 4). ### Independent characterisation BIP is best understood as a permanent-capital, listed co-investor in Brookfield's infrastructure private-fund franchise, not as a conventional operating company. Most large acquisitions are executed by a Brookfield-managed consortium in which BIP holds a minority-to-significant economic interest, typically 10–30%. Brookfield's private funds and institutional co-investors hold the balance. For example, BIP's equity cheque in the US$9 billion Colonial Enterprises acquisition was only about US$500 million at closing (company announcement, April 2025). This structure has three consequences: 1. **Leverage of the platform.** BIP accesses deals far larger than its own balance sheet could support, while Brookfield's operating teams supply asset-management expertise. 2. **Consolidation distortions.** Where BIP's interest is accompanied by Brookfield control rights, IFRS requires full consolidation. As a result, US$23.1 billion of FY2025 consolidated revenue and US$128.2 billion of total assets (20-F FY25) are much larger than BIP's proportionate economics. FFO and Adjusted EBITDA on a BIP-share basis are the appropriate analytical lenses. 3. **Fee and incentive structure.** BIP pays Brookfield a base management fee, historically 1.25% per annum of total capitalisation value above a threshold. Brookfield, through the general partner, also receives incentive distributions above per-unit distribution hurdles. ### Revenue model | Revenue model | Description | Representative businesses | |---|---|---| | Regulated (rate-base return) | Allowed return on a regulated asset base, reset periodically by regulators, often inflation-linked | UK last-mile gas/electric connections (BUUK), Australian electricity and gas networks (AusNet), Brazilian gas transmission (NTS), Colombian gas distribution, NZ gas networks (Clarus, closing 2026) | | Long-term contracted (take-or-pay / availability) | Multi-year contracts with fixed or indexed tariffs, often with volume protection | Colonial Pipeline tariffs, Inter Pipeline contracted pipelines, NorthRiver processing, Indian telecom towers (Summit Digitel), hyperscale data-centre leases (Compass, Data4), Triton container leases, North American railcar leases | | Usage-based / volumetric with inflation indexation | Tariffs linked to throughput or traffic with CPI escalators | Toll roads (Brazil, Peru, India), short-line rail (Genesee & Wyoming), Western Australian rail (Arc) | | Subscription / recurring consumer service | Monthly service fees, rental and protection plans | HomeServe (UK/US home-repair memberships), Enercare (Canadian water-heater rentals, HVAC, sub-metering), Hotwire Communications (bulk fibre to multi-dwelling communities) | | Merchant / commodity-exposed | Spot exposure to commodity spreads or volumes | Inter Pipeline's Heartland Petrochemical Complex and NGL marketing, gas-storage spreads (historically Rockpoint, Lodi) | BIP does not sell "products" in the conventional sense. Its revenue model mix is: The company's investor materials characterise roughly 85–90% of FFO as regulated or contracted, and around 70–75% as inflation-indexed or protected (based on recent BIP supplemental disclosures; check the exact current split in the Q2-26 supplemental). ### Value-chain position, customer types and end-markets | Customer type | Examples | |---|---| | Regulated end-users (households and businesses) | ~7 million electricity and gas connections; UK smart-meter installations; Canadian water-heater rental customers | | Utilities and energy suppliers | UK energy suppliers using Calisen smart meters; Brazilian gas shippers on NTS | | Energy producers and refiners | Canadian oil-sands and gas producers (Inter Pipeline, NorthRiver); US Gulf Coast refiners and marketers (Colonial) | | Industrial shippers | Rail and port customers in North America, Europe and Australia; South Korean industrial gas customers | | Lessees | Global ocean carriers (Triton containers); North American railcar lessees | | Telecom operators | Reliance Jio (Indian towers); German/Austrian MNOs (towers); French broadcasters and MNOs (TDF) | | Hyperscalers and enterprises | US and European hyperscale data-centre tenants; retail colocation customers; semiconductor (Intel fab co-investment) | | Governments / concession grantors | Toll-road and port concessions | BIP sits at the asset-ownership layer of essential service chains. It owns the pipes, wires, rail, terminals, towers, fibre and data halls through which energy, goods and data move. It generally does not own the commodity or the end-service brand, except in residential infrastructure (HomeServe, Enercare, Hotwire), where it serves consumers directly.

Worley is the Australian-domiciled global professional services firm that engineers, procures and builds the physical plant of the energy, chemicals and resources economy. Transformed by the 2019 acquisition of Jacobs' Energy, Chemicals & Resources division, it is now a roughly A$12 billion aggregated-revenue business operating in 43–44 countries. Its defining commercial characteristic is what it refuses to do: Worley states it does not and will not perform competitively bid lump sum turnkey work, keeping over 80% of revenue on reimbursable terms. This produces a capital-light, low-variance earnings profile at the cost of the outsized margins available to risk-taking EPC contractors. Strategically it is executing a two-front expansion — deeper into full project delivery (EPC/EPCM) within its core markets, and outward into "Complex Critical Infrastructure" including data centres, power, nuclear, industrial water and ports. Its FY2030 ambition is a double-digit underlying EBITA compound annual growth rate. Near-term execution is hostage to Middle East conflict disruption and a hostile Australian securities-litigation precedent bearing its own name. *FY2025 headcount fell 8.5% year-on-year. FY2023 and FY2024 totals are derived by summing the staff and craft series disclosed in the FY2025 results presentation (page 30); country counts for FY2023 and FY2024 are approximations reconstructed from period disclosures and should be treated as indicative. At 31 December 2025 headcount was 43,800 across 44 countries; by the May 2026 Investor Day the company described itself as approximately 42,000 people across 43 countries — a cumulative reduction of roughly 3,500 people over twelve months, consistent with the announced restructuring.* ### Market capitalisation and share statistics **Sources materially conflict on the current share price.** A PitchBook profile dated 19 August 2026 shows US$7.75 per share and a US$3.93 billion market capitalisation on 506 million shares, which at prevailing exchange rates implies roughly A$11.8 and A$6.0 billion. Independent Australian sources place the stock nearer A$10.6–10.8 in late July / August 2026. the A$5.2–6.0 billion market capitalisation range should be read as an approximation. --- ### The company's own characterisation Worley describes itself, in its FY2025 results materials, as a leading global professional services company of energy, chemicals and resources experts that partners with customers to deliver projects and create value over the life of their assets, positioned between two worlds — moving toward more sustainable energy sources while helping to provide the energy, chemicals and resources needed now. Its stated Purpose is delivering a more sustainable world; its stated Ambition is to be a leader in sustainability solutions. The FY2025 Annual Report (section 1.2, Business model) is more precise about the earnings engine: the Group generates earnings by performing consulting, engineering, procurement and construction, and additionally through licence fees, process technology equipment and catalysts. It offers a suite of digital products and proprietary technologies, and engages via alternative low-risk commercial models. It explicitly identifies its risk-adjusted return focus and low risk appetite as the key differentiator from competitors. ### Independent characterisation Worley is best understood not as a contractor but as a knowledge-hours business with an attached, deliberately-throttled construction and procurement arm. The economics are visible in the FY2025 revenue decomposition: of A$12,050 million aggregated revenue, A$7,130 million (59%) was professional services, A$1,834 million (15%) construction and fabrication, and A$3,086 million (26%) procurement carrying a margin. A further A$721 million of procurement passed through at nil margin and is excluded from aggregated revenue entirely. This mix matters enormously to margin interpretation. Procurement revenue is high-volume, low-margin (5.7% segment margin in FY2025) and mathematically dilutes headline margin without touching profit dollars. Worley therefore reports two margins — 6.8% on aggregated revenue, and 9.2% excluding procurement — and guides on the latter. Investors who track only the headline margin will systematically misread the business. ### Revenue model and contract architecture More than half of the fixed-price book is professional services rather than construction, meaning true fixed-price construction exposure is well under 10% of revenue. Worley has minimal direct commercial exposure to supply-chain risk because it typically purchases materials as agent on customers' behalf. There is no subscription revenue of consequence and no meaningful product revenue outside the two process-technology businesses. The digital and AI investment is currently deployed to protect and expand margin on services delivery rather than as a standalone monetised product line, though the May 2026 Investor Day flags "growing digital revenue streams" as an objective. ### Value chain position Worley sits across the entire asset lifecycle: Concept → Design (FEED) → Execution (detailed engineering, procurement, construction) → Operate → Remediate. Management's central strategic argument is that Worley has historically captured only the 1–10% of Total Installed Cost spent in the concept and design phases, while more than 75% of TIC is spent in execution. Moving down the chain into EPC/EPCM — without accepting lump-sum turnkey risk — is the primary mechanism for revenue scaling. ### Customer types and concentration Customers are International Oil Companies, National Oil Companies, global chemicals majors, diversified miners, utilities, industrial gas and fertilizer producers, LNG developers, hyperscaler-adjacent power developers, and increasingly sovereign and state entities. The FY2025 Annual Report states explicitly that Worley does not depend on any single customer for a significant portion of revenue or profit. Named FY2025–FY2026 counterparties include Venture Global, ExxonMobil, Rio Tinto, Chevron/Tengizchevroil, Aramco, Equinor, Woodside, INPEX, bp, ADNOC Gas, SABIC, Dow, Heidelberg Materials, Pembina, OCP Group, Occidental/1PointFive, Glenfarne, Deutsche Energy Terminal and Cadent Gas. ### End-markets served Three reporting sectors — Energy, Chemicals, Resources — with a fourth, Complex Critical Infrastructure, formally introduced as a growth vector at the May 2026 Investor Day.

Company Headquarters: Rotterdam, Netherlands Founded: 1565 Workforce: ~5,559 Company Working: Royal Vopak is a global leader in tank storage solutions. It provides secure, clean, and efficient storage and handling bulk liquid products and gases, including chemicals, oils, gases, LNG, biofuels, and vegoils. The company has a presence in over 23 countries spread across four divisions, which are Europe & Africa, Asia & the Middle East, China & North Asia, and the Americas.

Company Headquarters: Switzerland Founded: 1953 Workforce: ~14,328 Company Working: Endress+Hauser Group Services AG (Endress+Hauser) is one of the leading manufacturers and suppliers of products, solutions, and services for industrial process measurement and automation. The company’s offerings for process automation include products, solutions, and services for flow, level, pressure and temperature measurement, process analysis, and data management. Additionally, it offers engineering services such as project management and automation services. The company offers its solutions in multiple markets, including water and wastewater, chemical, petrochemical, life science, food and beverage, power and energy, oil and gas, pulp and paper, and shipbuilding. The company’s production centers focuses on research & development, production, product management, quality assurance, and logistics, while the sales centers act as local partners for the market and customers. The company has a presence in Europe, the Americas, Asia-Pacific, and the Middle East & Africa.

Company Headquarters: South Korea Founded: 2014 Workforce: ~387 Company Working: DY Power Corp. manufactures hydraulic cylinders and heavy-duty equipment for the construction and heavy industry markets. Some of the products offered by the company include dozers, center joints, arms, booms, buckets, and outriggers for excavators, rotary actuators, extensions and booms for aerial lifts, free lifts, side shifts, tilts and power steering for forklifts, buckets for wheel loaders, booms, buckets and dippers for backhoe loaders. Dy Power Corp operates in the US, Europe, Asia-Pacific, and other regions.

Company Headquarters: Japan Founded: 1948 Workforce: ~14,500 Company Working: KYB Corporation manufactures and sells shock absorbers, hydraulic equipment, and system products. It operates through the following segments: Automotive Components, Hydraulic Component, System Products, and Others. The Automotive Components segment includes front forks, oil cushion units, stay dampers, shock absorbers, suspension systems, power steering systems, vane pumps, and locks. The Hydraulic Component segment consists of cylinders, valves, oil dampers, shock absorbers, pumps, motors, and aircraft systems. The System Products segment produces simulators, stage, and auditorium control systems. The others segment is composed of environmental equipment, electronics, simulators, specially-equipped vehicles, concrete mixer trucks, naval equipment, and hydraulic systems.

Company Headquarters: US Founded: 1910 Workforce: ~4,700 Company Working: Enerpac Tool Group Corp. is a diversified industrial company. The firm is involved in the designing, manufacturing, and distribution of a wide range of industrial products and systems for a diversified range of markets. It operates through the segments of Industrial Tools and Services and Engineered Components and Systems. The Industrial Tools and Services segment supplies products and services to end markets such as industrial machinery, energy and power, mining, and automation markets. The Engineered Components and Systems segment operates in critical system positions and motion control systems, ropes, cables, and other customized industrial components for various vehicles, construction, agricultural and other markets.

Company Headquarters: Japan Founded: 1943 Workforce: ~1,000 Company Working: CKD Corp is engaged in the machinery business. It operates through two segments, namely, automated machinery and component segments. Its automated machinery segment covers the manufacture and sale of large-scale equipment such as lithium-ion battery manufacturing systems, three-dimensional solder printing inspection machines, automatic packaging system, image processing inspection system, lighting manufacturing system, and capacitor manufacturing system. The component segment manufactures and sells automation devices, pneumatic control systems, drive equipment, pneumatic equipment, and fluid control devices.

Company Headquarters: US Founded: 1972 Workforce: ~10,000 Company Working: Norgren Inc is one of the leading providers of fluid and motion control technologies. The company specializes in the industrial automation, life sciences and medical solutions, energy, food and beverages, mobile pneumatics, rail, commercial vehicles, and auto in-plants fields. Its product offerings include air preparation units, actuators, fittings and tubing, fluid control valves, vacuum equipment, valve manifolds, directional control valves, switches and sensors, and other equipment. Norgren, Inc operates in the US and Canada.

Company Headquarters: Taiwan Founded: 1988 Workforce: ~6,570 Company Working: AirTAC International Group is a Taiwan-based company, which manufactures and distributes pneumatic control components and pneumatic actuators. The company offers actuators such as standard cylinders, mini cylinders, compact cylinders, and cylinder accessories. It offers control components such as flow control valves, solenoid valves, pneumatic control valves and manual, and mechanically actuated valves, among others. It also offers air source processing units such as pressure meters, pressure regulating valves, pressure regulating filters, automatic drainers, and oil feeders.

Company Headquarters: Kanagawa Prefecture, Japan Founded: 1933 Workforce: ~ 139,000 Company Working: Nissan Motor Corporation is a global automobile player that manufactures and distributes diversified vehicles, globally. Itis one of the leading OEMs in Asia-Pacific and produced nearly 5.7 million units in 2017. It manufactures, sells, and distributes IC vehicles, hybrids, and electric vehicles in the global market. It invested USD 4,446.24 million in the research & development of vehicles and technologies, which accounts for 4.1% of a total revenue in 2017. The company manages and offers services in more than 160 countries and manufactures vehicles in around 20 countries, across the globe. It has formed partnerships, such as Nissan-Renault and Renault-Nissan-Mitsubishi and other strategic alliances. Moreover, the company owns six brands, namely Nissan, Infiniti, Datsun, Heritage, Motorsports, Jatco, Autech, and NISSAN CROSSING.

Company Headquarters: Shenzhen, China Founded: 1995 Workforce: ~ 221,000 Company Working: BYD Co. Ltd. Is engaged in the research, development, manufacture, and sale of rechargeable batteries and photovoltaic business. It operates its business through four segments, namely, rechargeable battery and other products, automobiles and related products, mobile handset components and assembly service, and corporate and others. The rechargeable battery and other products segment manufactures and sells lithium-ion and nickel batteries for mobile phones, electric tools, and other portable electronic instruments and new energy products. The mobile handset components and assembly service segment covers mobile handset components, such as housings, keypads, and the provision of assembly services. The automobiles and related products segment is comprised of the businesses of automobiles, auto-related molds and components, automobiles leasing, aftersales services, and its skyrail-related business.

Company Headquarters: Kyoto, Japan Founded: 2004 Workforce: ~14,217 Company Working: GS Yuasa International Ltd. is a holding company, which is engaged in manufacturing and supplying power supply systems, batteries, various specialty electrical equipment, and lighting equipment. Domestic automotive batteries, automotive lithium-ion batteries, overseas operations, domestic industrial batteries and power supplies, and other are its business segments. The domestic automotive batteries segment produces and sells lead-acid batteries for automotive. The domestic industrial batteries and power supplies segment covers rectifiers, lead, alkali, and general batteries, and power supply systems. The overseas operations segment manufactures and markets batteries and power supply devices in the international market. The automotive lithium-ion batteries segment handles lithium-ion batteries for vehicles. The other segment includes environment-related equipment, mobile communication batteries, battery-related equipment, and battery manufacturing equipment. GS Yuasa International Ltd. has 39 manufacturing plants in 19 countries worldwide. Yuasa Battery, Inc., Siam GS Battery Co., Ltd., Lithium Energy Japan Corporation, Century Yuasa Batteries Pty Ltd, GS Kasei Kogyo Co., Ltd., and Yuasa Logitec Co., Ltd. are some of the subsidiaries of the company.

Company Headquarters: Gyeonggi-do, South Korea Founded: 1974 Workforce: ~3,500 Company Working: LSIS Co. Ltd is engaged in the business of providing electrical power products including switch gears, transformers, electronic meters, gearbox, PLC, human-machine interfaces (HMIs), high voltage direct current (HVDC), and flexible AC transmission systems (FACTS). It offers products and solutions for smart power transmission and distribution and industrial automation. The company operates through three business segments, namely, electricity, automation, and metal pipe. It supplies contactors under its electricity business segment. LSIS Co. Ltd has branches in several countries, including South Korea, China, Japan, Thailand, Vietnam, Russia, Indonesia, Spain, Germany, Romania, Turkey, Singapore, the US, Brazil, Mexico, and Ukraine. It has manufacturing factories in South Korea, China, and Vietnam. Additionally, the company has research and development centers in South Korea and China. LS Metal Co., Ltd (South Korea), LS Industrial Systems (Dalian) Co., Ltd (China), LS Industrial Systems (Middle East), FZE (UAE), LS IS Japan Co., Ltd (Japan), and LSIS USA Inc. (US) are some of its subsidiaries.

Company Headquarters: Tokyo, Japan Founded: 1897 Workforce: ~8,995 Company Working: Meidensha Corporation (Meidensha), is a Japan-based diversified company with operations in energy, water management, information, communication, industrial systems, construction and maintenance of heavy electrical components, and semiconductor industries. The company is also engaged in manufacturing and marketing energy equipment for power generation, conservation, transmission, transformation, and distribution. It operates through three business segments, which are social infrastructure systems, industrial systems, and maintenance and servicing. High-speed motors are included under the company’s industrial systems segment. Meidensha operates in Japan, India, China, Indonesia, Korea, Malaysia, Singapore, the UK, Thailand, the US, and the UAE. The company’s manufacturing units are mainly located in Asia-Pacific, Europe, and the Middle East. Meidensha has 35 subsidiaries. Prime Meiden Ltd, Meiden America, Inc., and Meiden Chemical Co. Ltd, are its major subsidiaries. The company has 19 subsidiaries in Japan and 18 in overseas. This contributes to its wide geographical presence.

Company Headquarters: Gothenburg, Sweden Founded: 1907 Workforce: ~45,678 Company Working: SKF is a global leader in delivering technology for bearings and units, seals, mechatronics, services, and lubrication systems. In order to achieve breakthroughs in energy efficiency, friction reduction, and equipment longevity and reliability, the company operates through two business segments, which are industrial and automotive. High-speed motors fall under its industrial segment. The company provides industrial drives, heavy industrial machines, and special machinery, which cater to a wide range of end users, such as industries, aerospace, energy, railway, off-highway. SKF invests in research and development activities to develop advanced technology for almost every industry vertical. For instance, in 2017, the company spent 3.1% of its net sales on research and development. SKF has 51 subsidiaries. Lincoln Industrial Corporation, Kaydon Corporation, and SKF Economos GmbH are its key subsidiaries. The company has an extensive geographical presence in 130 countries across the globe with more than 17,000 distributors and manufacturing facilities in 24 countries.

Company Headquarters: China Founded: 1997 Workforce: ~4,762 Company Working: Neway Valve is one of leading valve manufacturers in the advanced valve manufacturing industry. It manufactures various valves such as gate, globe, check, ball, butterfly, nuclear, subsea, control, and safety valve & wellhead equipment, which are used in end-use verticals including oil & gas, offshore, chemical, power, nuclear, mining, and air separation industry. It operates in three business segments, namely, valve manufacturing business, and brass manufacturing business. Under its valve manufacturing business, The company offers a range of products and integrated solutions related to industrial valves. Furthermore, it sells materials and processed components used in consumer electronics, precision devices, automobiles, building construction, and other applications. The company has 5 subsidiaries namely, Neway Valve International, Inc. (US), Neway Valve B.V. (the Netherlands), Neway Valve s.r.l. (Italy), Neway Valve Pte. Ltd. (Singapore), and Neway Flow Control DMCC. (Dubai). It has 14 service units, across the globe.

Company Headquarters: Chiba Prefecture, Japan Founded: 1944 Workforce: ~4,762 Company Working: KITZ Corporation is one of the leading manufacturers and seller of valves, other flow control devices, and related products in Japan and worldwide. The company offers valves, fittings, water purifiers, and industrial filters that are used for the control of fluids and brass rods are offered for machined and forged products. The company operates in three business segments, namely, valve manufacturing business, brass manufacturing business, and others. Under its valve manufacturing business, it offers a wide range of products and integrated solutions related to industrial valves. Furthermore, it sells material and processed components used in consumer electronics, precision devices, automobiles, building construction, and other applications. The company has 12 brands such as Kitz, Perrin, Toyo Valve, and ISO. It offers industrial valves to building facilities, water and sewer systems, natural gas distribution networks, production processes, oil refining, petrochemicals, and other industries through its Perrin, and Toyo Valve brands. The company has production and sales bases in 12 countries, across the globe.

Company Headquarters: Denmark Founded: 1941 Workforce: ~38,000 Company Working: AVK Holding A/S is a leading manufacturer with more than 100 companies in the group manufacturing valves, hydrants, and accessories for water and gas distribution, sewage treatment, and fire protection system. The company caters to the requirements of the various industrial sectors within advanced manufacturing. The company operates in four segments, namely, fluid handling, payment & merchandising technologies, aerospace & electronics, and engineered materials. Industrial valves are offered under under its fluid handling segment that also provides industrial fluid control products, including valves, pumps, lined pipe, and instrumentation products. The major brands the industrial valves are sold under, are AVID, Brownall, Center Line, Compac-Noz, Crane, Crane Fluid Systems, Crane Supply, Crane Valve Services (Nuclear), Duo-Chek, EPIC, and Flowseal.