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).
Learn more about the history of Concepcion
Learn more about the history of Concepcion
Learn more about the history of Concepcion
- 1962 – Milestone
- 1977 – Milestone
- 1987 – Milestone
- 1995 – Milestone
- 1997 – Milestone
- 2006 – Milestone
- 2009 – Milestone
- 2013 – Milestone
- 2014 – Milestone
- 2016 – Milestone
- 2017 – Milestone
- 2019 – Milestone
- 2020 – Milestone
- 2021 – Milestone
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
2022 Financial Highlights
2022: Overcoming The Unprecedented
CIC generated consolidated full-year net sales of P13.2 billion, 7.6% better than last year, boosted by gradual price increases implemented in 2021 combined with a significant growth in the Commercial segment. The Commercial Business posted a 32.9% growth to P3.4 billion on higher backlog and new orders amid the business activities resumption and more relaxed COVID-related restrictions. Meanwhile, the Consumer Business reached P9.8 billion in net sales, a slight increase of 0.9% from the previous year, led higher by price increases and over 60% growth in the Laundry and Kitchen lines and Parts business segments. However, this was offset by the softer demand for air conditioners and refrigerators due to the shift in consumer behavior amid rising inflation.
2022: Overcoming The Unprecedented
CIC generated consolidated full-year net sales of P13.2 billion, 7.6% better than last year, boosted by gradual price increases implemented in 2021 combined with a significant growth in the Commercial segment. The Commercial Business posted a 32.9% growth to P3.4 billion on higher backlog and new orders amid the business activities resumption and more relaxed COVID-related restrictions. Meanwhile, the Consumer Business reached P9.8 billion in net sales, a slight increase of 0.9% from the previous year, led higher by price increases and over 60% growth in the Laundry and Kitchen lines and Parts business segments. However, this was offset by the softer demand for air conditioners and refrigerators due to the shift in consumer behavior amid rising inflation.
Our Projects
our projects
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