Concepcion Midea forecasts sales to hit the P1 billion mark this year, double than 2016

Concepcion Midea Inc (CMI) — the appliance manufacturer joint venture between the Philippines’ Concepcion Industrial Corp.  (CIC) and China’s Midea — expects sales to double this year, driven by a strong consumer spending and the booming economy.

(From left) Philippines’ Concepcion Midea Inc. General Manager Phillip Trapaga; Chair and CEO Joseph Concepcion; Midea CAC (Commercial Air Conditioner Division) Marketing Manager Peck Zhao; and CAC Overseas Director of Asia &; Pacific Region Ken Liang shares to the press their vision for the Midea V6 Series VRF at its recent launch press conference.
(From left) Philippines’
Concepcion Midea Inc. General Manager Phillip Trapaga; Chair and CEO Joseph Concepcion; Midea
CAC (Commercial Air Conditioner Division) Marketing Manager Peck Zhao; and CAC Overseas Director of Asia &; Pacific Region Ken Liang shares to the press their vision for the Midea V6 Series VRF at its recent launch press conference.

The company is forecasting sales of its air-conditioners, microwave ovens, washing machines, rice cookers, refrigerators and a host of home appliances to hit more than P1 billion this year, up from P584 million in 2016, said Raul Joseph Concepcion, chair and chief executive officer of CIC. Read more about Concepcion Midea forecasts sales to hit the P1 billion mark this year, double than 2016