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
highlights
CIC announced a strategic partnership with JS Global APAC Pte Ltd., for the exclusive distribution of “Shark” and “Ninja” branded products in the Philippines
Condura is the only brand of appliances design by Filipinos with dependable after sales service that comes from the heart. As we celebrate our 35th year, we renew our commitment to excellence by being a leading force in making the Philippines a better place.
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
- 2023 – 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
CIC’s Growth Momentum Accelerates in 2023
In 2023, CIC concluded the year with ₱14.7 billion in net sales and ₱667.3 million in consolidated earnings, an 11% and 86% growth, respectively. Including CMI (Associate), the group reached 15% growth to ₱18.2 billion net sales. Growth was driven by solid sales performance, higher margins, lower foreign exchange loss and share in CMI’s income .
By segment, Consumer business delivered ₱10 billion in net sales, an increase of 3% year over year, primarily attributed to strong performance of residential air conditioning products, laundry equipment and no frost refrigerators. Commercial business achieved net sales of ₱4.6 billion, 36% growth compared to prior year, mainly from air conditioning and elevator equipment sales as well as aftermarket service sales for both product categories.
2022 annual report
2022
Annual Report2022 Annual Report
In 2022, Concepcion Industrial Corporation (CIC) achieved promising results, aligned with our commitment to bringing happy spaces to life. We prioritized business recovery, adapting to the new normal, and enhancing our culture and capabilities. Despite significant progress, challenges like escalating costs and adverse foreign exchange rates persisted, making for a demanding year. However, our resilience enabled us to adapt and pivot when necessary swiftly, showcasing our ability to overcome obstacles, as highlighted in the 2022 Annual Report.
Our Projects
our projects
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