Deep Intelligence Across Industries

Company Headquarters: Japan Founded: 1908 Workforce: ~ 22,474 Company Working: DIC Corporation is a Japan-based company engaged in the manufacture and sale of printing inks, organic pigments and synthetic resins. The Company operates in five segments. The Printing Ink segment is engaged in the manufacture and sale of gravure ink, offset ink and newspaper ink. The Fine Chemicals segment is engaged in the manufacture and sale of organic pigments and liquid crystal materials. The Polymer segment is engaged in the manufacture and sale of acrylic resins, urethane resins, epoxy resins and polystyrene. The Compound segment is engaged in the manufacture and sale of polyphenylene sulfide (PPS) compounds, jet inks and resin colorants. The Application Materials segment is engaged in the manufacture and sale of industrial adhesive tapes and healthcare foods. In 1977, DIC Corporation succeeded in becoming the first company in the world to grow Spirulina commercially under controlled conditions and went to commence mass production. DIC LIFETEC Corporation was established in November 1999 as a wholly owned subsidiary of DIC to engage in the production and sale of Spirulina products.

Company Headquarters: US Founded: 1940 Workforce: ~ 5,078 Company Working: Cyanotech Corporation is an agricultural company that is engaged in producing natural products derived from microalgae grown in Kona coast of Hawaii. The Company's products include Hawaiian Spirulina Pacifica and BioAstin Hawaiian Astaxanthin. Its Hawaiian Spirulina Pacifica is a dietary supplement used for extra energy, a strengthened immune system, cardiovascular benefits and as a source of antioxidant carotenoids, and overall cellular health. Its BioAstin Hawaiian Astaxanthin is an antioxidant shown to support and maintain the body's natural inflammatory response to enhance skin, and to support eye, joint and immune health. Its Hawaiian Spirulina Pacifica is produced in two forms: powder and tablets. Its products are sold as consumer-packaged goods through natural products distributors, retailers and online channels, and direct to consumers, primarily in the United States, as well as in bulk form to manufacturers, formulators and distributors worldwide. Nutrex Hawaii came to life in Kailua-Kona, Hawaii and is the brain child of Cyanotech’s founder, Dr. Gerald Cysewski. From a small company that started off with a sales team of two, to growing into a company with the world’s most recognized brands of spirulina and astaxanthin, Nutrex Hawaii products are sold in over 66 countries including mass market retailers in the US. Nutrex Hawaii produces two finished goods products, Hawaiian Spirulina® and BioAstin® Hawaiian Astaxanthin®.

Company Headquarters: United States Founded: 1999 Workforce: The company has employed more than 4800 employees. Company Working: First Solar is a leading US-based manufacturer of photovoltaic (PV) solar panels and a provider of solar solutions. With a focus on utility-scale solar power plants and commercial, industrial, and residential applications, the company is known for its thin-film solar panel technology. Headquartered in Tempe, Arizona, First Solar is committed to delivering sustainable and cost-effective solar energy solutions to its customers worldwide.

Company Headquarters: Norway Founded: 1855 Workforce: ~16,000 Company Working: Globally, Telenor ASA (Telenor) and its affiliates provide telecommunications services. Mobile, fixed-line, and broadcasting services are some of its main goods and services. The company's mobile communication services comprise voice, data, Internet, content services, consumer equipment, and messaging. Telephony, Internet, TV, leased lines, data and managed services, and broadcasting and data communication services via satellite, terrestrial radio, and TV transmission make up its fixed-line services. The business also offers financial services, internet-based services, and machine-to-machine communication.

Company Headquarters: Pakistan Founded: 2008 Workforce: ~449,934 Company Working: China Mobile owns CMPak Limited, which operates a mobile data network out of Pakistan under the brand name Zong. China Mobile has established its first international operation after purchasing a license from Millicom to run a GSM network in Pakistan. China Mobile Limited offers mobile phone and multimedia services throughout Hong Kong and mainland China via its extensive mobile telecommunications network.

Company Headquarters: US Founded: 2009 Workforce: ~305 Company Working: Boku, Inc specializes in mobile payments and enables companies to accept online payments via carrier billing and mobile wallets. With its specifically designed payment network of more than 250 local payment methods that reach 7 billion accounts across 65 countries, global brands like Apple, Amazon, DAZN, Meta, Microsoft, Google, Netflix, Sony, Spotify, and Tencent rely on Boku to reach millions of new paying consumers who do not use credit cards.

Company Headquarters: Switzerland Founded: 1998 Workforce: ~19,157 Company Working: Swisscom telecommunication (Swisscom) offers telecommunication services in Switzerland, Italy, and other countries. Fastweb, Other Operations, and Swisscom Switzerland comprise its three operating segments. The business sells terminal equipment, provides telecom and communications solutions for major organizations and small and medium-sized businesses, and fixed-network services like telephony, broadband, TV, and mobile products. Additionally, it offers a variety of services to the banking industry, Internet of Things solutions, healthcare industry digitization services, IT systems for health insurance companies, fixed-line and mobile networks by other telecommunication service providers, roaming to foreign operators whose customers use its mobile network, workplace, mobile phone, networking, business process optimization, SAP, and security and authentication solutions. Additionally, it offers cross-platform retail media and security communication services, IT and network services, online and telephone directories, and the construction and maintenance of wired and wireless networks.

Company Headquarters: UK Founded: 1999 Workforce: ~232 Company Working: Bango.net Ltd provides a platform for mobile internet payments. The firm creates, markets, and sells technology that allows mobile phone users to pay for entertainment and media on connected devices. Its main product is the Bango Payment Platform, which connects app stores and content producers to mobile operators worldwide. Furthermore, it has created Bango Boost and Bango Dashboard. Bango is driving this expansion, ensuring that mobile operators and businesses can provide the best payment experience to more people. It provides carrier billing for prominent mobile carriers such as EE, Verizon, BT, Vodafone, Softbank, NTT Docomo, Deutsche Telekom, and others, and leading merchants such as Amazon, Google, and Microsoft. It caters to industries such as retail, telecommunications, and app developers. It consists of 60 Operators and 30 Merchants. Bango has 310 customers spread throughout 36 countries. The corporation operates in the United Kingdom, the European Union, the United States and Canada, Indonesia, and the rest of the world.

Company Headquarters: US Founded: 1994 Workforce: ~75,000 Company Working: T-Mobile USA, Inc. is Deutsche Telekom AG's wireless operation in the United States. It provides telecommunications services. Customers can use the company's cellular telecommunications services and various additional services such as voice, text messaging, video calling, and data communications. T-Mobile offers postpaid, prepaid, and wholesale services. The company supplies commercial facilities with wireless internet connectivity and other data services. It also sells mobile phones, wearables, tablets, and phone accessories from well-known brands such as Apple, Google, Motorola, OnePlus, Samsung, Alcatel, Beats, and LG. T-Mobile USA's cutting-edge wireless devices and services enable customers to stay connected to those who matter most. T-Mobile USA is among the top wireless customer care and calls quality providers in different locations across the United States.

Global Corn Group is a micro-cap, Hong Kong-listed and China-operating processor of corn starch into liquid and solid corn sweeteners: glucose syrup, maltose syrup, high-fructose corn syrup (HFCS) and maltodextrin. These products are sold mainly to Chinese food, beverage and confectionery manufacturers. The company was once among China's largest corn-sweetener producers. In 2014 it reported annual corn-processing capacity of 1.5 million tonnes, with revenue of HK$4.2 billion in FY2013. It has since shrunk to a single active production base in Shanghai, which bought in starch and generated HK$491.0 million of revenue in FY2025. It has carried net liabilities every year from FY2021 to 1H2026, and its auditor disclaimed an opinion on its FY2025 accounts. Its survival rests on two things: financial support from its three controlling shareholders, and the June 2026 voluntary liquidation of its loss-making Jinzhou upstream subsidiaries. That liquidation is intended to deconsolidate roughly RMB379 million of net liabilities. It is best characterised as a distressed restructuring situation, not as an operating-growth equity. --- ### Company's own description The company describes itself as principally engaged in the manufacture and sale of corn refined products and corn sweeteners, divided into upstream and downstream products [AR-FY25]. **Upstream products:** corn starch, gluten meal, corn oil and other corn refined products. **Downstream products:** corn starch is further refined into corn syrup (glucose syrup, maltose syrup and HFCS) and corn syrup solids (maltodextrin). **Strategic aim:** the company states it wants to optimise production while keeping market presence, diversify the product mix, develop higher value-added products, and form alliances with prominent market leaders [IR-1H25; IR-1H26]. **Long-term themes:** brand, customer orientation, resource conservation, "green products" and continuous R&D [AR-FY25]. ### Independent characterisation | Stage | Group's role (FY2025–1H2026) | |---|---| | Corn procurement | Indirect. Corn kernels and starch are sourced via a 2025–2027 master purchase agreement with entities linked to the controlling shareholders [AR-FY25]. | | Corn wet-milling (starch, gluten, germ, fibre) | Suspended. The Jinzhou upstream assets were refurbished by end-2024 but never restarted; the subsidiaries holding them entered voluntary liquidation in June 2026 [IR-1H26]. | | Starch conversion (liquefaction, saccharification, isomerisation, drying) | Core activity, at the Shanghai site. | | Distribution | Direct B2B sales to industrial customers. Exports were 0.6% of revenue in 1H2026 [IR-1H26]. | **A downstream-only converter.** In practice the group has been a single-segment downstream sweetener converter since 2021. - Upstream (corn wet-milling) operations were suspended to conserve cash, and the remaining upstream inventory was fully sold in 2021. - No upstream revenue was recorded in FY2023, FY2024, FY2025 or 1H2026 [AR-FY25; IR-1H26]. - All revenue now comes from the Shanghai downstream site, operated through the indirect wholly owned subsidiary Shanghai Haocheng Food Development Co., Ltd. - That site buys corn starch, largely from entities associated with the controlling shareholders, and converts it into syrups and maltodextrin. **Margins are a spread.** The economics are a conversion spread between corn-starch input cost and sweetener selling prices. Sweetener prices are effectively capped by domestic cane and beet sugar prices, because corn syrups are substitutes for sugar in industrial use. **Product and revenue model.** The business is 100% product sales, recognised at a point in time at fixed prices [AR-FY25]. - There is no service, subscription or licensing revenue. - Small ancillary income comes from subcontracting (HK$4.1M in FY2025) and rental income (HK$0.5M) [AR-FY25]. **Customers and end-markets.** - Historical disclosures list food and beverage, confectionery, daily products, fermentation, chemical, cosmetics and pharmaceutical manufacturers [Hist]. - The customer base is concentrated: - Two corn-sweetener customers each exceeded 10% of FY2025 revenue: Customer A with HK$76.4M (15.6%) and Customer B with HK$61.3M (12.5%) (calc) [AR-FY25]. - The five largest customers accounted for 55.2% of trade receivables at 30 Jun 2026 [IR-1H26]. - Historical export destinations cited by third-party data are Japan, South Korea, Taiwan, the Philippines, Russia, Malaysia and South Africa. Exports have fallen to ~HK$1.6M in 1H2026 [IR-1H26].

Company Headquarters: Tokyo, Japan Founded: 1953 Workforce: ~ 80,728 Company Working: Mitsubishi Corporation is one of the key players in the Asian region operating its business in specialty chemicals and ingredients for a range of applications in various sectors. The firm is one of the integrated business enterprises across the globe that operates and developed its businesses together with its regional offices and subsidiaries in around 90 nations worldwide. Moreover, the company has also a network of approximately 1,700 group enterprises across the globe. Mitsubishi Corporation has 10 groups of its overall business, every industry is being operated virtually whether it is natural gas, food, consumer goods, petrol & chemicals, industrial infrastructure, industrial materials, mineral resources, power solutions, automotive & mobility, and urban development. Mitsubishi Corporation Life Sciences Limited was incorporated by the consolidation of Mitsubishi Shoji Foodtech Co., Ltd., KOHJIN Life Sciences Co., Ltd., and MC Food Specialties Inc. in April 2019. Mitsubishi Corporation Life Sciences Limited operates by nutrition business, savory ingredients business, extracted seasonings business, umami seasonings (flavor enhancers) business, brewed seasonings and liquors business, food materials and food additives business, sweeteners business, bakery specialties business, trading, and cosmetics business across the globe. Being the part of Mitsubishi group, the company has expertise in the production of polysaccharides and polyols with Japanese technologies. Additionally, the company also provides tailored solutions according to the needs of the consumers. The company provides polyols, in the form of powder, syrup, crystals, and liquid. LTS, AMALTY, AMAMEAL. PO is the brand /trade name under which the company offers sorbitol, maltitol, polyglycitol syrup (Hydrogenated Starch Hydrolysate), other sweeteners, and polyols.

AGRANA is a mid-cap Austrian processor of agricultural raw materials, controlled jointly by Germany's Südzucker and Austrian Raiffeisen-affiliated interests. It turns fruit, sugar beet, corn, wheat and potatoes into food ingredients and industrial intermediates. Since FY2025/26 it has reported two strategic business areas. **Food & Beverage Solutions (FBS):** combines the former Fruit segment (fruit preparations and apple/berry juice concentrates) with beverage bases and flavours. It is now about half of Group revenue and generates more than all of Group EBIT. **Agricultural Commodities & Specialities (ACS):** comprises Starch (including bioethanol at Pischelsdorf and the 50% Hungrana joint venture) and Sugar. AGRANA describes itself as the leading sugar producer in Central and Eastern Europe. The investment case is a transformation story. Under the "AGRANA NEXT LEVEL" / "ONE AGRANA" strategy, management is shrinking a structurally loss-making EU beet-sugar business through plant closures, impairments and 400–500 job cuts. At the same time it is buying growth in flavours and food service (Austria Juice minority, Mercator-Emba, esarom). The aim is to re-rate a stock that trades below book value. --- ### Company's own description (paraphrased from AR 2025/26) AGRANA describes itself as a globally operating processor of agricultural raw materials. Its two business areas, Food & Beverage Solutions and Agricultural Commodities & Specialities, make high-quality foods and many intermediate products for the downstream food industry and for non-food uses. In FY2025/26 it ran 49 production sites on six continents with about 8,407 FTE and generated revenue of about EUR 3.2 billion. In its press boilerplate, AGRANA calls itself a "food and industrial goods group". It says it converts agricultural raw materials into high-quality foods and numerous industrial intermediate products, and positions itself as the leading sugar company in Central and Eastern Europe. ### Business model and revenue model AGRANA is almost entirely a product business: it manufactures and sells physical goods. It has no material subscription, licensing or service revenue. Within the product mix, three distinct economic models coexist. 1. **Customised B2B ingredients (FBS).** Fruit preparations, brown-flavour and savoury preparations, inclusions, beverage bases and flavours are developed to customer-specific recipes. The Gleisdorf plant alone produces more than 1,800 variants for about 150 customers (ORF, as reported by Börse Express, 2026). Revenue is volume × recipe price, often with raw-material pass-through clauses. Margins are relatively stable: FBS EBIT margin was 6.1–6.7% over FY2024/25 to H1 2026/27. Main customers are dairy, ice-cream, bakery and food-service companies. 2. **Commodity-linked processing (juice concentrate, starch, bioethanol, sugar).** Apple juice concentrate, native starches, saccharification products, ethanol and beet sugar are priced against volatile market references, including EU white sugar, ethanol (T2) and grain prices. Profitability depends on the spread between input costs (beet, corn, wheat, apples, energy) and output prices. As a result, earnings swing sharply: ACS–Sugar EBIT margin moved from +3.8% in FY2023/24 (old Sugar segment) to −18.7% in FY2025/26. 3. **Specialities within ACS.** Modified and organic starches, potato specialities, betaine (Tulln) and high-protein feed co-products carry higher value added. Management's stated "specialties strategy" in Starch aims to raise their share (Q1–Q3 2025/26 conference-call presentation). ### Value-chain position AGRANA sits in the first and second processing stages. **Upstream:** it contracts raw materials from tens of thousands of farmers, including multi-year beet contracts. In 2025 AGRANA agreed new terms with the Austrian beet growers' association running to 2029 (Börse Express; AR 2025/26). **Midstream:** it processes these materials into ingredients. **Downstream:** it sells mainly to food and beverage manufacturers, with smaller sales to retail (sugar brands such as Wiener Zucker) and to industrial users (paper, textiles, construction chemicals, fuel blenders for ethanol). ### Customer types and end markets | End market | Products | Business area | |---|---|---| | Dairy (yoghurt, desserts) | Fruit preparations, brown-flavour preparations, inclusions | FBS | | Ice cream | Fruit and flavour preparations, inclusions, sauces | FBS | | Bakery and confectionery | Fillings, toppings, sugar, glucose syrups | FBS, ACS | | Food service | Syrups, sauces, desserts; Mercator-Emba products since Apr 2026 | FBS | | Beverages | Juice concentrates, NFC juices, beverage bases, flavours, sugar, isoglucose | FBS, ACS | | Food industry (general) | Native and modified starches, sugar | ACS | | Paper, textile, construction, cosmetics, pharma | Modified and native starches | ACS–Starch | | Fuel | Bioethanol (blending) | ACS–Starch | | Animal feed | Protein feed co-products, beet pulp | ACS | | Retail consumers | Branded household sugar (e.g., Wiener Zucker) | ACS–Sugar | ### Independent characterisation AGRANA is best understood as two companies under one roof. The first is a quality, mid-margin global ingredients business (FBS). It earned EBIT of EUR 103.3 M on EUR 1,647.8 M revenue in FY2025/26, a 6.3% margin, and is growing through bolt-on M&A. The second is a cyclical, capital-intensive European agri-commodity complex (ACS). Its starch arm is profitable but thin-margin (2.4% in FY2025/26). Its sugar arm has destroyed value over the last two fiscal years: EBIT losses of EUR 75.4 M in FY2024/25 and EUR 106.6 M in FY2025/26, both including exceptional items. The Group's consolidated profitability is therefore set by the size of the sugar losses. That explains why Group EBIT fell from EUR 151.0 M (FY2023/24) to EUR 3.2 M (FY2025/26) even though operating performance before exceptional items improved in FY2025/26. Ownership is concentrated (about 78% held by Z&S) and free float is small, so liquidity is low and the stock behaves like a deep-value, low-turnover holding.

Company Headquarters: Austria Founded: 1988 Workforce: ~ 9,000 Company Working: AGRANA Beteiligungs-AG (AGRANA) is a processor of agricultural raw materials. The company’s product portfolio comprises processed fruit, starch and starch sweeteners, sugar, animal feed, and bioethanol. It offers fruit ingredients for use in dairy, ice creams, bakery, and food service industries. The company’s starch products are used in food and non-food sector, construction chemicals, paper, textile, cosmetic, pharmaceutical, chemical and petroleum industries. It sells starch sweeteners and sugar to downstream industries such as, sweets, non-alcoholic beverages, and pharmaceuticals. AGRANA is a leading producer of organic starches manufactured from corn, wheat, and potatoes. The company has geographical presence in Africa, the Americas, Asia-Pacific and Europe. AGRANA is headquartered in Vienna, Austria. The Agrana Group is a food company based in Vienna that produces sugar, starch, fruit preparation, juice concentrate and ethanol fuel. Agrana is mainly supplying to international food industry, with some minor end customer business. A known brand is Wiener Zucker. Agrana runs around 50 facilities with major production bases in Australia, Austria, Argentina, Brasil, China, France, Germany, Hungary, Korea, Morocco, Mexico, Poland, Romania, South Africa, Ukraine, United States. In 2021, Agrana ranked 6th in the modified starch category of FoodTalks' Global Food Thickener Companies list.

Nippon Sanso Holdings is Japan's largest industrial-gas company and one of the global "Tier One" industrial-gas majors, operating a pure holding-company structure over four regional gas businesses — Nippon Sanso Corporation (Japan), Nippon Sanso Matheson (United States), Nippon Sanso Euro-Holding (Europe, formerly Nippon Gases, built on the ex-Praxair European business) and an Asia & Oceania platform anchored by Supagas and Coregas in Australia/New Zealand — plus the consumer-products Thermos brand. Roughly 70% of revenue is generated outside Japan. Its earnings model is the classic industrial-gas annuity: on-site and pipeline supply under long-term take-or-pay contracts, bulk liquid and cylinder distribution with high switching costs, and a fast-growing electronics franchise (specialty and electronic-material gases, total gas management, gas equipment). After four years of price-led margin expansion under "NS Vision 2026," management is now pursuing "Next Innovation 2030," targeting ≥17% core margins and ≥8% after-tax ROCE by FYE2030 while remaining controlled by Mitsubishi Chemical. --- ### Company's own description (latest results filing) In its FYE2026 consolidated results (11 May 2026), NSHD describes its operations as conducting gas businesses in Japan and overseas, mainly for customers in the steel, chemical and electronics industries, with production and sales bases for its main products in Japan, the United States, Europe and Asia & Oceania, and separately engaging in the manufacture and sale of housewares such as stainless-steel vacuum bottles. On that basis the group reports five segments: Japan, United States, Europe, Asia & Oceania, and Thermos. For the four gas segments, the company lists as main products and services: oxygen, nitrogen, argon, carbon dioxide, helium, hydrogen, acetylene, gas-related equipment, specialty gases (electronic-material gases, pure gases), electronics-related equipment and installation, compound-semiconductor manufacturing equipment, welding and cutting equipment, welding materials, plants and machinery, LPG and related equipment, medical gases (oxygen, nitrous oxide, etc.), medical equipment and stable isotopes. Thermos covers housewares and consumer goods. ### Independent characterisation NSHD is a regionally organised, vertically integrated industrial-gas producer and distributor with three distinct economic engines: 1. **Industrial gases (≈80%+ of profit).** Atmospheric gases (O₂, N₂, Ar) separated in air separation units (ASUs), plus CO₂/dry ice, hydrogen and syngas (HyCO), helium and acetylene. Electricity is the dominant variable cost of ASU production, which is why "price management" (pass-through of energy and inflation) has been the defining earnings driver since FYE2022. Distribution modes follow the industry's three-tier model: (a) on-site/pipeline supply under 10–20-year contracts with minimum-take provisions (steel, chemicals, refining, large fabs); (b) merchant/bulk liquid delivered by cryogenic tanker under multi-year contracts with tank rental; (c) packaged/cylinder gases with cylinder rental, hardgoods (welding consumables and equipment) and retail-style distribution. The packaged channel is particularly prominent in the US (Matheson's ~300-location network) and Australia (Supagas LPG plus Coregas). 2. **Electronics.** Electronic-material (specialty) gases for semiconductor, display and solar manufacturing; ultra-high-purity bulk gases for fabs; "Total Gas Supply Solutions"/Total Gas & Chemical Management services; gas cabinets, purifiers and installation projects (recognised on percentage-of-completion, hence lumpy); and compound-semiconductor deposition equipment. Electronics is a cross-segment business area rather than a reporting segment, and is a top-two strategic priority under Next Innovation 2030. 3. **Thermos (≈2.4% of revenue, ~19.6% segment margin).** A B2C consumer brand (vacuum bottles, mugs, sports bottles, frying pans, lunch boxes, cooler bags, apparel accessories brand "&ONDO"), operated largely in Japan and Asia, with equity-method affiliates contributing ~¥2.7–3.1bn per year. ### Revenue model mix The company does not disclose a product-versus-service-versus-rental split. Qualitatively: gas sales (product) dominate; recurring service-like revenue embedded in gas contracts includes facility fees, cylinder and tank rental; equipment & installation (E&I) is project revenue; homecare/respiratory services (Spain via Oximesa and Nippon Sanso Homecare España) are service revenue; licensing is immaterial. Subscription-style economics are present in the form of fixed facility charges in on-site contracts. ### Value-chain position NSHD sits mid-stream: it designs and builds its own ASUs (group engineering, strengthened by Italian plant-engineering investments Polaris and HYSYTECH), produces gases, owns logistics (tankers, cylinder fleets), and sells to industrial end users. It is also a merchant of LPG in Japan and Australia (purchased product, distributed). ### Customer types and end-markets | End-market | Exposure (qualitative; company does not disclose % split) | Notes | |---|---|---| | Steel & metals | High (Japan, Europe on-site) | Air-separation volumes weak FYE2023–FYE2026 | | Chemicals & refining | High (US HyCO, Europe, Japan) | Includes MCG-related sites | | Electronics/semiconductors | High and rising (Japan, Asia, US) | Specialty gases, bulk UHP, E&I | | Food & beverage | Medium (US CO₂/dry ice — largest US dry-ice provider via Nippon Sanso Carbonic Products) | Resilient | | Healthcare | Medium (Europe homecare; medical O₂/N₂O in all regions) | Resilient; expanded via Spain acquisition | | Fabrication/welding | Medium (US, Australia packaged) | Cyclical; hardgoods | | Energy/LPG (residential & commercial) | Medium (Japan, Australia) | Weather- and price-sensitive | | Consumer | Low (Thermos) | Seasonal |

Company Headquarters: Cambridge, UK Founded: 2015 Workforce: ~ 50 Company Working: Metrion Biosciences Limited is a contract research organization that provides high-quality ion channel screening and drug development expertise. It offers in-vitro screening services that include cardiac safety (hERG, CiPA panel of human cardiac ion channels), neurotoxicology testing, and phenotypic assays, which are its core expertise services. It also has a state-of-the-art laboratory, which is located at Granta Park, Cambridge (UK). It caters to the needs of customers located in major markets, including Europe, America, and Asia.

Company Headquarters: United States Founded: 1982 Workforce: ~ 4,200 Company Working: Topgolf Callaway Brands Corp is a leading American sports equipment company that specializes in the design, manufacture, and sale of golf clubs, golf balls, golf bags, and other golf-related accessories. The company was founded in 1982 by Ely Callaway Jr. and is headquartered in Carlsbad, California. Callaway Golf Company is best known for its innovative golf club designs and high-quality products. The company offers a wide range of golf clubs, including drivers, fairway woods, hybrids, irons, wedges, and putters. Callaway's golf balls are also popular among golfers and are known for their advanced technology and performance. In addition to golf clubs and balls, Callaway Golf Company also offers a variety of golf-related accessories, such as golf bags, gloves, hats, and other apparel. The company's products are sold worldwide through a variety of channels, including retail stores, online retailers, and directly to consumers through its website. In recent years, Callaway Golf Company has expanded its product offerings beyond traditional golf equipment and accessories. The company acquired Topgolf, a popular entertainment venue that combines golf with technology, in 2020. Additionally, Callaway Golf Company has launched its own line of golf apparel and footwear, as well as a line of sports watches. Overall, Callaway Golf Company has established itself as a leading brand in the golf industry, known for its high-quality products and commitment to innovation.

Company Headquarters: United States Founded: 1969 Workforce: ~97,000 Company Working: The Gap Inc. is an American multinational clothing and accessories retailer headquartered in San Francisco, California. The company was founded in 1969 by Donald Fisher and Doris F. Fisher and has grown to become one of the world's largest specialty retailers. The company operates several popular brands, including Gap, Banana Republic, Old Navy, Athleta, and Hill City. Each brand has its own unique style and target demographic, with Gap catering to a broad range of customers, Old Navy offering affordable family apparel, Banana Republic providing business and casual wear, Athleta focusing on women's activewear, and Hill City catering to men's activewear. The company has a presence in over 90 countries with more than 3,000 company-operated stores, as well as an e-commerce platform for each brand. The Gap Inc. is committed to sustainability and has implemented several initiatives, including the use of sustainable materials and reducing water usage in production. In recent years, The Gap Inc. has faced challenges due to changing consumer preferences and increased competition in the retail industry. The company has responded by investing in its e-commerce platforms and updating its store formats to create a more engaging and personalized shopping experience.

Company Headquarters: Brazil Founded: 1961 Workforce: The company has employed more than 30000 employees. Company Working: Gerdau S/A is a Brazilian multinational steel manufacturing company. The company produces a wide range of steel products, including long steel products used in various industries, such as construction, automotive, and energy. Gerdau S/A is committed to sustainable production and has set targets to reduce its carbon emissions and water usage. The company is also focused on developing new products and technologies to meet the changing needs of its customers.

Company Headquarters: United States Founded: 1993 Workforce: The company has employed more than 9000 employees. Company Working: Steel Dynamics, Inc is a US-based steel manufacturing company. The company produces a wide range of steel products, including flat and long steel products used in various industries, such as construction, automotive, and energy. Steel Dynamics is committed to sustainable production and has set targets to reduce its carbon emissions and water usage. The company is also focused on developing new products and technologies to meet the changing needs of its customers. Steel Dynamics is known for its innovative and sustainable production processes, including its use of electric arc furnaces and recycling technologies.

Company Headquarters: Japan Founded: 1916 Workforce: The company has employed more than 12000 employees. Company Working: Daido Steel Co Ltd is a Japanese steel manufacturing company. The company produces high-quality specialty steel products used in various industries, such as automotive, aerospace, and energy. Daido Steel is committed to sustainable production and has set targets to reduce its carbon emissions and water usage. The company is also focused on developing new products and technologies to improve the efficiency of its production processes.

Company Headquarters: Spain Founded: 1970 Workforce: The company has employed more than 100 or 200 employees. Company Working: Acerinox S.A. is a Spanish stainless steel manufacturing company. The company produces high-quality stainless steel products used in various industries, such as automotive, construction, and energy. Acerinox is committed to sustainable production and has set targets to reduce its carbon emissions and water usage. The company is also focused on developing new products and technologies to meet the changing needs of its customers.

Company Headquarters: United States Founded: 1915 Workforce: The company has employed more than 12000 employees. Company Working: Commercial Metals Company (CMC) is a US-based steel manufacturing and recycling company. The company produces a wide range of steel products, including rebar, wire rod, and structural steel products used in various industries, such as construction and infrastructure. CMC is committed to sustainable production and has set targets to reduce its carbon emissions and water usage. The company is also focused on developing new products and technologies to improve the efficiency of its production processes.

Company Headquarters: Russian Federation Founded: 1993 Workforce: The company has employed more than 26000 employees. Company Working: NLMK is a leading steel producer in Russia and one of the largest in the world. The company produces a wide range of steel products, including flat and long steel products used in various industries, such as construction, automotive, and energy. NLMK is committed to sustainable production and has set targets to reduce its carbon emissions and water usage. The company is also focused on developing new products and technologies to improve the efficiency of its production processes.

Company Headquarters: Eggelsberg, Upper Austria Founded: 1979 Workforce: ~5,000 Company Working: B&R Industrial Automation GmbH is a top-tier provider of automation technology and serves as ABB's global hub for machine and factory automation. B&R is recognized worldwide for delivering cutting-edge solutions for automating machines and factories and oversees machine automation within ABB's Robotics & Discrete Automation division. B&R's success has been driven by its unwavering commitment to innovation and strong partnerships spanning four decades. Together with ABB, B&R Industrial Automation GmbH is the sole entity worldwide to offer a comprehensive portfolio of robotics, automation, and software. Among the array of products and services B&R offers are programmable logic controllers (PLCs), human-machine interfaces (HMIs), industrial PCs, motion control systems, and safety technology. B&R's solutions are widely applied across diverse industries, such as automotive, food and beverage, pharmaceutical, and packaging. The company has established a global presence with over 70 offices and a network of partners and distributors around the world.

Company Headquarters: US Founded: 2011 Workforce: ~500 Company Working: Matterport, Inc is a software development company. The company focuses on its 3D platform, enabling anyone to design, build, operate and understand 3D spaces accurately. It operates in more than 150 countries and offers an innovative computing platform. The company’s core specialty areas are 3D models, Computer Vision, 3D Capture, AEC, 3D Data, Virtual Tours, and Engineering.

Company Headquarters: Munich, Germany Founded: 1929 Workforce: 501-1,000 Company Working: Schaltbau GmbH is one of the world's leading suppliers of rolling stock, rail infrastructure, automotive, and capital goods. Schaltbau GmbH stands for high-quality connectors, snap-action switches, contactors, railway components, and complete cab equipment. Its products are used all over the world in industries that require dependable connection, switching, and control under adverse conditions. It safeguards systems in industrial applications for renewable energy, e-mobility, and automation, as well as ensuring rail service safety. It manufactures in two locations in Germany (Velden and Aldersbach) as well as in major economic centres around the world, including France, the United Kingdom, the United States, and China. Schaltbau GmbH has a global presence through 12 foreign subsidiaries/representative offices and over 60 sales partners.

Company Headquarters: Connecticut, US Founded: 1888 Workforce: ~ 18,300 Company Working: Hubbell Inc. (Hubbell) is a manufacturer of electrical and electronic products. It develops, manufactures, and sells products for non-residential and residential construction, industrial, energy-related markets, and utility markets. Ground fault devices, high voltage test systems, LED components, mechanical connectors, specialty lighting, pole line hardware, insulators, arresters, and other products are among the company's offerings. The products are available through electrical and industrial distributors, home centres, retail and hardware stores, and lighting showrooms. Hubbell, Raco, Victor, Implo, Bell, GAI-Tronics, Bryant, Wiegmann, Gleason Reel, Burndy, Killark, Hawke, and other brands are marketed by the company. The company has operations in the US, Canada, Mexico, Puerto Rico, China, Switzerland, Australia, Brazil, Italy, South Korea, Spain, Ireland, India, Taiwan, the UK, Hong Kong, Chile and Singapore. It provides AC and DC industrial motor controls, components, and accessories through its subsidiary Hubbell Industrial Controls. Pendant Pushbuttons, Switches, Remote Radio Controls, Power Resistors, and Neutral Grounding Resistors are all available as accessories.