ADVANCECON SECURES RM148.4 MILLION JOHOR INFRASTRUCTURE CONTRACT
Profitability turnaround accelerates with order book approaching RM900 million, reinforcing momentum into FY2026
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KUALA LUMPUR, 9 MARCH 2026 – Advancecon Holdings Berhad (前进控股有限公司) (“Advancecon” or “the Group”) (Bursa: 5281), an established provider of earthworks and civil engineering services in Malaysia, today announced that its wholly-owned subsidiary, Advancecon Infra Sdn. Bhd. (“AISB”), has accepted a Letter of Acceptance (“LOA”) valued at RM148.4 million 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, marking the Group’s second project win within IBTEC, reflecting the client’s continued confidence in AISB’s track record and delivery standards. The latest win builds on the Group’s return to full-year profitability in FY2025 and supports continued order book replenishment heading into FY2026.
The contract, which carries a total value of RM148.4 million, will span a 19-month construction period commencing from 1 April 2026.
Southern Ibrahim Technopolis is an emerging industrial and technology hub within Johor, strategically positioned to support Malaysia’s expanding manufacturing and high-value industrial ecosystem. The development is expected to play a key role in strengthening Johor’s position as a regional investment destination, particularly amid rising cross-border economic activity and industrial expansion within the southern corridor.
This latest contract win further reinforces Advancecon’s strong foothold in large-scale earthworks and infrastructure projects nationwide, while also expanding the Group’s presence within Johor’s fast-growing industrial development landscape.