Concepcion Building and Industrial Solutions (BIS), the commercial division of Concepcion Industrial Corporation (CIC), takes a huge leap forward and changes its name to Alstra, to reflect an all-encompassing and more strategic shift in the company's vision for the building industry and address the changing demands of its customers.

Elevators have been around for thousands of years, but only when Elisha G. Otis invented the world’s first safety break in 1852 did elevators become a safe and reliable mode of transportation. Otis ushered in the age of elevators in the Philippines as the first elevator to be used in the country, making mobility possible and easier in larger buildings ever since. Now over 80 years in the country, Otis continues to support the sustainability of growing cities across the archipelago through Concepcion-Otis Philippines, Inc. (COPI), a joint venture between Otis and Concepcion Industrial Corporation (CIC).