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 60 years and counting.

Learn More About CIC

CIC Posts Strong Q2 Performance with Earnings Growth at 110%

CIC appoints Ariel Fermin as new CEO

CIC’s Q1 Earnings Doubled, Fueling Optimism for 2024

Happier

You

Mealtimes

Homes

Workspaces

With world-leading consumer appliance brands and industrial solutions, CIC brings happiness to Filipino homes and businesses

Our Pledge to Innovate

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.

Discover our Story

62

Years of Innovation

2,000+

Licensed Service Centers

10,000+

Distribution Points

62

Years of Innovation

2,000+

Licensed Service Centers

10,000+

Distribution Points

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

Learn More

Our Brands

Home and Business Solutions for Every Filipino

Our brands are designed to foster environments where Filipinos can thrive in their work, find moments of relaxation, and lead fulfilling lives.

Investor Highlights

We embark on bringing the CIC story to our stakeholders, and building strong partnerships with our investors.

Performance Spotlight

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.

Visit Financial Highlights

₱14,661

Net Sales (M)

₱667.3M

Earnings

11%

Net sales Growth

86%

Consolidated Earnings

2022 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.

Download Latest Report View All Reports

Environmental

See Initiatives

Social

See Initiatives

Economic & Governance

See Initiatives

Global Synergies, Local Excellence

We are a diversified corporation forming strategic alliances with global industry leaders in order to provide leading consumer and industrial solutions.

COVID-19 Response

Click to Know More

Learn More

Volunteerism

Click to Know More

Learn More

Emergency Response

Click to Know More

Learn More

Environmentalism

Click to Know More

Learn More

Connecting Communities

CIC’s Sustainability Framework of creating happy spaces for the Filipino people and businesses continues to expand its meaning as we go beyond customers and clients and serve the larger community.

See Sustainability

Global Synergies, Local Excellence

We are a diversified corporation forming strategic alliances with global industry leaders in order to provide leading consumer and industrial solutions.

Environmental

See Initiatives

Social

See Initiatives

Economic & Governance

See Initiatives

Corporate Governance

A Commitment Beyond Compliance

We believe that the key to long-term sustainability and success largely depends on having a solid reputation. Thus, we at Concepcion Industrial Corporation conducts business and operations in accordance with the principles and practices of good corporate governance

Learn More

Elevating Excellence, Sustainable Success

We are a diversified corporation forming strategic alliances with global industry leaders in order to provide leading products and services for the Philippine market.

<br /><b>Warning</b>: Undefined array key

Board of Directors

The CIC Board of Directors is responsible for fostering
th...

Board Committees

Our company has established key Board Committees to ensure eff...

Ethics Program

CIC and its subsidiaries are committed to the highest standard...

What’s New at CIC

View All News

CIC Posts Strong Q2 Performance with Earnings Growth at 110%

Get In Touch With Us

Connect With Us