Advancecon Bags RM148.4 Mln Johor Infrastructure Contract

KUALA LUMPUR, March 9 (Bernama) -- Advancecon Holdings Bhd’s wholly owned subsidiary, Advancecon Infra Sdn Bhd (AISB), has secured a RM148.42 million contract from JLG Technopark Sdn Bhd for the proposed construction and completion of earthworks and main infrastructure works for Package 1B at Southern Ibrahim Technopolis (IBTEC) in Kulai, Johor.

IBTEC is an emerging industrial and technology hub in Johor, strategically positioned to support Malaysia’s expanding manufacturing and high-value industrial ecosystem, Advancecon said in a statement.

The provider of earthworks and civil engineering services said the contract will be completed in 19 months from April 1, 2026.

The project marks the group’s second contract win within IBTEC, which it said reflected the client’s continued confidence in AISB’s track record and delivery standards.

Advancecon Holdings managing director Phum Boon Eng said securing the IBTEC project represents another important milestone for the group as it continues to rebuild momentum following its return to full-year profitability in the financial year ended Dec 31, 2025 (FY2025) while strengthening its project pipeline.

“This contract not only reinforces our technical capabilities in large-scale earthworks and infrastructure works but also lifts our order book close to the RM1 billion level, giving us greater visibility for sustainable earnings growth moving forward,” she said.

According to her, Johor continues to present compelling opportunities for infrastructure and industrial development, particularly as new investments and technology-driven industries increasingly establish operations in the region.

“Advancecon continues to pursue selectively aligned projects that leverage its core strengths in earthworks and civil engineering, particularly within large-scale township, industrial, and infrastructure developments across Malaysia,” she added.

With a growing order book approaching the RM900 million level and a strengthened operational pipeline, the group is well-positioned to deliver more resilient earnings into FY2026.

Advancecon remains focused on disciplined project execution, prudent risk management, and delivering consistent value as it supports the development of Malaysia’s next generation of industrial and infrastructure ecosystems.

-- BERNAMA