The building and industrial solutions (BIS) unit of air-conditioning and refrigeration systems provider Concepcion Industrial Corp. (CIC) reported robust sales growth for the first half driven by its joint venture with elevator and escalator maker Otis E&M Co. Inc.
The building technologies division of CIC said unaudited sales for the first half rose to P1.1 billion, a 49 percent increase compared to the same period last year.
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