Sunday 22 July
Powered by Ajaxy
Jul 11, 2018 @ 15:04

Concepcion appliance firm sees Q2 sales rising 14%

 

Concepcion Industrial Corp. said net earnings likely grew by 12 percent in the second quarter on strong consumer and commercial airconditioning markets.

CiC chairman abd CEO Raul Joseph A. Concepcion told reporters net sales were likewise seen to increase by 14 percent during the same period.

in his report to stockholders, Concepcion said CIC is keen on expanding beyond its core products.

“We continue to expand into more consumer appliances categories with over 1 million appliances sold in 2017,” Concepcion said.

Last year, the company started to look at new ventures to complement its business, potentially disrupting its already efficient processes.

CiC formed a new unit called CORTEX, which will incubate new technology and initiatives in developing new products and solutions for its clients.

Tags: , ,

Related Stories
Concepcion Industrial Corp , the country’s leading provider of consumer lifestyle and building industrial solutions,
Embracing a new sustainability model, consumer appliances and industrial solutions provider Concepcion Industrial Corp, has
Concepcion Midea Inc., a joint venture between Concepcion Industrial Corp. and China’s Midea, sees its
Concepcion Industrial Corp. sold over one million airconditioning and refrigeration units last year, boosting its


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.