Concepcion Industrial sees sustained growth

Concepcion Industrial Corp. (CIC), a provider of consumer lifestyle and enterprise solutions, expects to continue growing faster than the market this year despite seasonal fluctuations in demand.

- By RICHMOND MERCURIO

"We have an operating plan. We'd always try to grow faster than the market. Typically, the market will grow by high single-digit to teens. It depends on the season," CIC chief executive officer Ariel Fermin said.

Last year, Fermin said the company grew faster than the market both in air conditioning and refrigeration.

"So that's the principle that we would always subscribe to. We just aim to grow faster than the market, be efficient in delivering the goods. So the principle leads us to a bottom line growth that's faster than top line growth. So that's pretty much the guidance that we give ourselves," he said.