Bringing Happy Spaces to Life
Concepcion Industrial Corporation (CIC) has been delivering technology that uplifts the Filipino’s way of life – making their lives easier, comfier, and better–for over 50 years and counting. Transforming ordinary places into happy spaces. Bringing happy spaces to life.
Our Brands
COMPANY PROFILE
Concepcion Industrial Corporation (CIC) is the leading air conditioning and refrigeration company in the Philippines. From a cooling solutions provider, we expanded our portfolio of products and services designed for the needs of every Filipino home and business. With the future in mind, we are at the forefront of creating new solutions through innovation, staying true to our commitment to serve our customers with quality products and services to create happier spaces for all.
We are one of the Philippines’ most established and leading providers of airconditioning solutions, refrigerators, consumer appliances, and building and industrial solutions. We have a portfolio of six companies – Concepcion-Carrier Airconditioning Company (CCAC), Concepcion Durables Inc. (CDI), Concepcion Midea Inc. Philippines (CMIP), Concepcion Otis Philippines Inc. (COPI), Concepcion Business Services Inc. (CBSI), and Cortex Technologies Corporation (CTC).
WHAT WE DO
We continue to venture towards diverse offerings to touch more Filipino lives. However, our core remains the same: to provide convenience not just to businesses but also to every Filipino home.
JOJO CONCEPCION
FINANCIAL HIGHLIGHTS
2021 Financial Highlights
2021: Overcoming The Unprecedented
Despite the weak business and consumer sentiments resulting from rising inflation, commodity costs and weakening Peso, CIC net sales grew 2% against same period last year. The commercial sales segment performed well due to new orders and the realization of backlog orders as the economy opens up. While the quarter saw mobility improving significantly, consumer markets remained soft relative to stronger summer seasons in the past. Profit After Tax for Q2 was retained at the same level as last year. Headwinds from commodity and logistics costs and FX were offset thru measured price adjustments and cost reduction activities. CIC remains confident in the medium and long-term recovery of the Philippine economy, and we will continue to build Happy Spaces for the Filipino.
2021: Overcoming The Unprecedented
Despite the weak business and consumer sentiments resulting from rising inflation, commodity costs and weakening Peso, CIC net sales grew 2% against same period last year. The commercial sales segment performed well due to new orders and the realization of backlog orders as the economy opens up. While the quarter saw mobility improving significantly, consumer markets remained soft relative to stronger summer seasons in the past. Profit After Tax for Q2 was retained at the same level as last year. Headwinds from commodity and logistics costs and FX were offset thru measured price adjustments and cost reduction activities. CIC remains confident in the medium and long-term recovery of the Philippine economy, and we will continue to build Happy Spaces for the Filipino.
OUR PROJECTS
our projects
Iba ang Pinoy
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