The Concepcion-Carrier Air Conditioning Company (CCAC) was founded in December 3, 1997. It is a joint venture between the two giants in the air-conditioning industry:
 
Concepcion Industries, Inc. (CII) is the industry leader in the Philippine air conditioning market and the dominant name in the appliance industry through such brands as Carrier, Condura and Kelvinator. For more than 50 years of experience and leadership, CII has proven its excellence not only in the field of manufacturing and research, but also in management and sensitivity to the needs of the consumer. CII owns 60% share of CCAC.
 
Carrier Corporation is the world’s largest air-conditioning company. For more than 100 years, Carrier has cooled more homes and establishments than any other brand. Moreover, the company continues to take the lead in the development of new products and technologies in the pursuit of excellence. Carrier Corporation has been the world’s leading manufacturer and marketer of HVAC (heating, ventilating, and air conditioning) equipment since Willis Haviland Carrier invented the basics of modern air conditioning in 1902. For all its size, Carrier, which owns 40% of CCAC Philippines, is but a part of an even larger organization, United Technologies Corporation (UTC).
 
CCAC is an ISO 9001:2008 (International Standardization Organized)-certified company since 1998. It continues to offer to the Philippine market a wide array of air conditioning products, refrigeration products and services. CCAC has dominated the industry through its best-selling line of room air conditioners, package equipment, split type air-conditioner, and applied equipment. From households to commercial establishments nationwide, the Carrier and Condura brands have become the standard for comfort and convenience, which other brands have tried to emulate.
 
Source: http://carrier.com.ph/