Bringing Happy Spaces to Life
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.
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Happier
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
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.
₱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 ReportsGlobal 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
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Volunteerism
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Emergency Response
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Environmentalism
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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 SustainabilityGlobal Synergies, Local Excellence
We are a diversified corporation forming strategic alliances with global industry leaders in order to provide leading consumer and industrial solutions.
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 MoreElevating 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.
What’s New at CIC
Concepcion Industrial Corporation Significantly Surpasses Mandatory Diversion of Plastic Waste
Latest News
July 29, 2024
CIC Posts Strong Q2 Performance with Earnings Growth at 110%
April 24, 2024
CIC’s Q1 Earnings Doubled, Fueling Optimism for 2024
February 01, 2024
Concepcion maintains upward trajectory concluding 2023 with solid performance
November 30, 2023
Concepcion Industrial Corporation Marks a Decade of Excellence and Growth on its 10th Listing ...