VISION OF THE FUTURE

Our pledge to innovate

The world is quickly changing but one thing remains constant – CIC’s pledge to innovate. Utilizing technology and processes to make Filipino lives better.

We are venturing into diverse offerings to touch more Filipino lives. But our core remains the same: to provide, at most, convenience not just to businesses, but also to every Filipino. We’re enhancing the quality of the Filipino families. We’re not just connecting the technologies at home; we are understanding their complicated lifestyles and simplifying it.

We’re also strengthening our relationships with our business partners by being their trusted solutions-provider and going beyond the traditional transactional relationship.

The world is quickly changing but one thing remains constant – CIC’s pledge to innovate. Utilizing technology and processes to make Filipino lives better.

The Concepcion Learning Center is always open to provide employees and business partners with the skills and livelihood training that will impact their lives. We believe that constant collaboration leads to innovation, and the power of collaboration allows diverse groups of individuals to work, solve, and provide new solutions for our customers.

Though we find ourselves in a time where change is rapid and constant, we learn to embrace it. As we venture in the era of transformation, we must all embrace change in various aspects of our company, of our lives, and that change starts with us.

The world is quickly changing but one thing remains constant – CIC’s pledge to innovate. Utilizing technology and processes to make Filipino lives better.

We are venturing into diverse offerings to touch more Filipino lives. But our core remains the same: to provide, at most, convenience not just to businesses, but also to every Filipino. We’re enhancing the quality of the Filipino families. We’re not just connecting the technologies at home; we are understanding their complicated lifestyles and simplifying it.

We’re also strengthening our relationships with our business partners by being their trusted solutions-provider and going beyond the traditional transactional relationship.

The Concepcion Learning Center is always open to provide employees and business partners with the skills and livelihood training that will impact their lives. We believe that constant collaboration leads to innovation, and the power of collaboration allows diverse groups of individuals to work, solve, and provide new solutions for our customers.

Though we find ourselves in a time where change is rapid and constant, we learn to embrace it. As we venture in the era of transformation, we must all embrace change in various aspects of our company, of our lives, and that change starts with us.

COMPANY PROFILE

How We Collaborate

It operates principally through six (6) subsidiaries — 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).

CIC did this by developing leading brands, forming strategic alliances and joint ventures with key partners and investing in facilities and capabilities that continue to build its leadership. It has since then successfully introduced its own brand Condura and introduced the Kelvinator brand, both for airconditioning and domestic refrigerators.

Through CIC’s comprehensive knowledge on the industry and end-user needs, the company has been able to build solutions for the evolving consumer demands.

2,000

TECHNICIANS

170

ACCREDITED INSTALLER COMPANIES

How We Collaborate

It operates principally through six (6) subsidiaries — 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).

2,000

TECHNICIANS

170

ACCREDITED INSTALLER COMPANIES

How We Collaborate

CIC did this by developing leading brands, forming strategic alliances and joint ventures with key partners and investing in facilities and capabilities that continue to build its leadership. It has since then successfully introduced its own brand Condura and introduced the Kelvinator brand, both for airconditioning and domestic refrigerators.

Through CIC’s comprehensive knowledge on the industry and end-user needs, the company has been able to build solutions for the evolving consumer demands.

Our Brands

Carrier Condura OTIS Kelvinator Midea Toshiba Totaline
Carrier

Cooling the world since 1915

For more than 100 years, Carrier has brought refreshingly cool air to more homes than any other brand. Carrier products have been designed and developed to enhance indoor environments so that people can enjoy healthy, productive, and most importantly, comfortable lives.

LEARN MORE
Condura

Excellent choice for any Filipino home and business

Proudly Philipine made, Condura’s line of high quality and durable cooling and refrigeration solutions is a product of homegrown ingenuinity and innovation, built for Philippine conditions. Featuring commercial-grade quality materials and solid design.

LEARN MORE
OTIS

Moving the world ahead

Otis is a leading manufacturer of escalators, elevators, and moving walkways, operating in over 200 countries and territories worldwide. In the Philippines, the company was renamed Concepcion-Otis Philippines, Inc. shortly after entering into a joint venture with CIC in 2014.

LEARN MORE
Kelvinator

Quality and affordability to fit your lifestyle

Kelvinator specializes in providing high quality appliances at prices young, up-and-coming Filipino adults can afford. Kelvinator’s products balance great functionality and value for money while offering a respectable image customers can be proud of.

LEARN MORE
Midea

Leading the world in home appliances

Covering a complete catalogue of products ranging from electric kettles and microwaves to washing machines and air conditioners, Midea makes everything a home could need. Thriving in over 150 countries, Midea has now come to the Philippines.

LEARN MORE
Toshiba

Toshiba – A trusted name in Japanese innovation

Toshiba is a world renowned Japanese brand famous for its diversified portfolio of products including electronics, consumer appliances, and industrial machinery. This extends to its presence as a pioneer in the air conditioning industry for over 68 years. When you choose Toshiba, you can count on precision, quality, and technology developed through Japanese innovation.

LEARN MORE
Totaline

The most dependable supplier of ventilation, heating, and air conditioning parts

Totaline is the exclusive local and global supplier of original spare parts and essential components for Carrier, one of the world’s most prolific HVAC and refrigeration companies. As a proven and reliable one-stop shop, Totaline continues to provide nothing less than the highest quality parts worthy of the Carrier brand and its best-selling products.

LEARN MORE

Leadership

Board of Directors

Raul Joseph A. Concepcion

Raul Joseph A. Concepcion

Chairman

Renna C. Hechanova - Angeles

Renna C. Hechanova – Angeles

Vice Chairman & Treasurer

Raul Anthony A. Concepcion

Raul Anthony A. Concepcion

Vice Chairman

Ma. Victoria Herminia C. Young

Ma. Victoria Herminia C. Young

Director

Jose Ma. A. Concepcion

Jose Ma. A. Concepcion

Director

Raissa C. Hechanova - Posadas

Raissa C. Hechanova – Posadas

Director

Alfredo E. Pascual

Alfredo E. Pascual

Independent Director

Cesar A. Buenaventura

Cesar A. Buenaventura

Independent Director

Justo A. Ortiz

Justo A. Ortiz

Independent Director

Executive Committee

Rajan Komarasu

Rajan Komarasu

Chief Finance & Operating Officer

Raul Joseph A. Concepcion

Raul Joseph A. Concepcion

Chairman & CEO

Rafael C. Hechanova, Jr.

Rafael C. Hechanova, Jr.

Chief Communications Officer

Ma. Victoria A. Betita

Ma. Victoria A. Betita

Chief Strategy and Transformation Officer

Harold Thomas Pernikar, Jr.

Harold Thomas Pernikar, Jr.

Chief Growth Officer
New Ventures

Merril Yu

Merril Yu

Chief Experience Officer

Philip F. Trapaga

Philip F. Trapaga

Managing Director
Concepcion-Carrier Air Conditioning Company

Alexander T. Villanueva

Alexander T. Villanueva

General Manager
Product Solutions and Integrated Logistics

Michael Eric I. Sarmiento

Michael Eric I. Sarmiento

General Manager
Concepcion Business Services, Inc.

Richard L. Parcia

Richard L. Parcia

Chief Information Officer

Michael Hansson

Michael Hansson

General Manager Smart Technology

Core Values

CORE VALUES

Innovating For Happier Outcomes

Always looking for newer and better ways to ensure happier outcomes for the people we serve and so we look to the power of technology to make this happen.

Going Above and Beyond

We strive for a sense of ownership that is about a willingness to go the extra mile with a sense of urgency to ensure that customers are always happy.

Doing The Right Thing

We strive to do the right thing, the right way, all the time. In CIC, doing the right thing is non-negotiable.

Making Customers Happy

We want our customers to be happy and stay happy because this ensures our success. Happy customers are good for business, so we are committed to learn more about them and find new and better ways to make them happy.

Caring For The People and The Planet

We are keenly aware of our responsibility to future generations. And so we promote the protection of the environment. We care for the people we serve and the people working in our organization. Their safety and progress matter to us.

Doing Our Best Always

We understand that when people buy our products, hire our services, they are counting on reliability, a job well done and solutions that can truly help them move forward in life. CIC employees are quality people our customers can always count on.

ORGANIZATIONAL CHART

Group Corporate Structure

Concepcion Carrier Air Conditioning Company
Concepcion Carrier Air Conditioning Company

60%

Airconditioning Services

Carrier Corp

Carrier, Toshiba, Condura & Kelvinator

#1

Concepcion Durables Inc
Concepcion Durables Inc

100%

Domestic Refrigeration

Electrolux

Condura, Kelvinator

#1

Concepcion OTIS Philippines Inc.
Concepcion OTIS Philippines Inc.

51%

Elevators & Escalators

Otis

Otis

#1

Concepcion Midea, Inc.
Concepcion Midea, Inc.

40% (CIC) 12% (CCAC)

Consumer Appliances

Midea, Toshiba, Carrier Corp.

Midea, Toshiba

Concepcion Business Services, Inc.
Concepcion Business Services, Inc.

100%

Shared Services

Cortex Technologies Corporations
Cortex Technologies Corporations

100%

Technology Development, IOT, New Business Investments

Teko

CNX

Concepcion Carrier Air Conditioning Company
Concepcion Carrier Air Conditioning Company

60%

Airconditioning Services

Carrier Corp

Carrier, Toshiba, Condura & Kelvinator

#1

Concepcion Durables Inc
Concepcion Durables Inc

100%

Domestic Refrigeration

Electrolux

Condura, Kelvinator

#1

Concepcion OTIS Philippines Inc.
Concepcion OTIS Philippines Inc.

51%

Elevators & Escalators

Otis

Otis

#1

Concepcion Midea, Inc.
Concepcion Midea, Inc.

40% (CIC) 12% (CCAC)

Consumer Appliances

Midea, Toshiba, Carrier Corp.

Midea, Toshiba

Concepcion Business Services, Inc.
Concepcion Business Services, Inc.

100%

Shared Services

Cortex Technologies Corporations
Cortex Technologies Corporations

100%

Technology Development, IOT, New Business Investments

Teko

CNX

Corporate Governance Investor Relations

How may we help you?

We are here to help answer your queries.