Concepcion Industrial eyes smart appliances unit

ABS-CBN News

Posted at Jun 13 2017 11:04 AM

MANILA - Concepcion Industrial Corp said Tuesday it was considering setting up a unit to develop smart appliances.

CORTEX is envisioned as an "incubator for ideas and technology," the air conditioner and refrigerator manufacturer told the stock exchange.

The planned unit will not affect the company's revenue stream, it said.

Concepcion Industrial shares were unchanged at P76 in early trading.