By Bernie Cahiles-Magkilat
Filipino-owned International Elevator & Equipment Inc., exclusive distributor and after sales agent of Japanese electrical and electronic conglomerate Mitsubishi Electric, has been enjoying steady growth in the past 10 years on continuous construction boom in the country.
IEE President Ramoncito A. Ocampo said during a press roundtable for its 50th anniversary that the normal construction growth cycle lasts only for five years, but this is already one of the longest growth cycle the domestic industry has experienced. He noted that both the private and public sectors are growing their construction activities.
As such, Ocampo said they are experiencing strong demand for escalators and elevators or building system, accounting for 50 percent of revenues, followed by airconditioning systems at 30 percent and other products like power generator sets at 20 percent.
IEE has also cornered good contracts from big projects such as the airconditioning systems supply for the Caticlan airport and hotels.
From 400 units of aircon sold annually in the past 10 years, Ocampo sees of more than doubling its sales to 1,000 units yearly.
IEE has a complete range of airconditioning units from split type to the biggest chiller capacity. All its products are already using the inverter technology for efficient energy consumption.
After IEE celebrates its 50th year of service to the Philippine market, Ocampo said they are looking at providing a total package for buildings systems from aircon to moving walks to security systems.
“We will offer this in the future because we have the technology already,” he said. IEE, which now employs 600 people, has played a vital role in shaping the architectural history of multi-level and high-rise buildings in the country.
Its unique designs complemented by state-of-the-art technologies continue to provide safe, reliable and exciting options for architects and developers.
“More than providing an extraordinary ride for office workers and visitors of the building, our elevators were considered futuristic technologies for the country back in the early ‘80s until the ‘90s,” said Ocampo.