Muntinlupa City, Philippines – Concepcion Industrial Corporation (CIC), the country’s leading provider of consumer appliances and industrial solutions, has been recognized as one of Time’s Top 500 Best Companies in the Asia-Pacific for 2026.
For the 65-year-old Filipino company, this milestone affirms that a local organization can remain competitive and relevant on the regional stage. Selected by TIME in collaboration with Statista, the ranking evaluates companies based on revenue growth, employee satisfaction, and environmental, social, and governance (ESG) performance.
The recognition highlights CIC’s disciplined growth and the intentional transformation it has pursued as an organization. By focusing on innovation and market leadership, the company continues to advance initiatives that support both sustainability and community impact.
“This recognition is truly meaningful because it validates the impact of our purpose-driven strategy,” said Raul Joseph Concepcion, Chairman and President of CIC. “For over six decades, our mission has been to build better lives and contribute to national progress. Being recognized among Asia-Pacific’s best challenges us to raise the bar even higher for the Filipino people.”
At the same time, CIC remains deeply committed to its people. Through focused leadership development and an enterprise-wide transformation anchored on strong core values, the company is building the capabilities required for sustainable, long-term success.
“We see this milestone not as a finish line, but as a responsibility,” Concepcion added. “We will continue to strengthen our capabilities, accelerate sustainable innovation, and nurture future-ready leaders—ensuring that our organization remains resilient and globally competitive in the years ahead.”
CIC attributes this recognition to the enduring support of its stakeholders. To its customers, partners, employees, and communities, their trust and confidence continue to inspire CIC to improve and to advance its mission of building better lives for Filipinos.
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About Concepcion Industrial Corporation (CIC)
Concepcion Industrial Corporation (CIC) is the Philippines’ leading provider of consumer lifestyle and enterprise solutions. Established in 1962 by Jose Concepcion Sr., the company has grown from a pioneer in air conditioning into a diversified powerhouse with a mission to build better lives for Filipinos.
Today, CIC operates through a portfolio of world-class brands including Carrier, Toshiba, Condura, Kelvinator, Midea, Otis, and SharkNinja. From residential cooling and refrigeration to large-scale industrial infrastructure and digital technology ventures, CIC remains committed to innovation, sustainability, and uplifting the Filipino way of life through products and services that truly matter. For more information, visit www.concepcion.ph.
For media inquiries, please contact:
May Zamora-Cabajar
communications@concepcion.ph