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 a long-term strategic partnership with SurplusLoop, an Antler-backed startup transforming surplus asset management through AI and automation.
By adopting a structured approach to managing surplus machinery, equipment, and materials, the Group is able to recover value from idle assets while minimising waste and reducing environmental impact; reflecting Advancecon’s broader ESG agenda.
Since the pilot in early 2025, SurplusLoop has enabled Advancecon to re-circulate 42 assets and resell RM2.5 million worth of surplus machinery, equipment, and spare parts.
The initiative has diverted over 840 tonnes of waste from landfills and avoided an estimated 4,200 tonnes of CO₂ emissions — equivalent to the carbon absorbed by 210,000 trees annually — underscoring Advancecon’s commitment to environmental stewardship and sustainable value creation.
With SurplusLoop’s AI-powered ASSET framework (Assemble Surplus List, Set Price, Source Buyer, Execute Transaction, and Track Sustainability), Advancecon has unlocked a new level of efficiency and sustainability in surplus asset management:
- Rapid sales cycles — transactions completed in 1-7 days versus 6-24 months traditionally
- Increased volume — 15-20 asset sales monthly versus previously
- Higher value recovery — 20-30% better returns by leveraging direct market pricing, eliminating broker markups and ensuring fair asset valuation
- Verified sustainability impact — every transaction tracked with measurable carbon footprint and waste reduction.
“This partnership reinforces our commitment to operational efficiency, sustainable development and the circular economy,” said Dato’ Phum Ang Kia, Group CEO of Advancecon.
“By unlocking hidden value from idle assets and reducing environmental impact, we are aligning our business practices with global sustainability goals while contributing to long-term positive change for communities and the environment.”
SurplusLoop CEO Sereen Teoh added
“Advancecon’s bold commitment exemplifies how true industry leaders harness technology to embrace sustainable development and create lasting environmental impact. Together, we’re setting a new gold standard for industrial surplus asset management in Asia — proving that technology can be the driving force in accelerating our region’s transition to a thriving circular economy.”
This partnership underscores Advancecon’s broader transformation agenda, reinforcing its commitment to sustainability and operational excellence.
At the same time, it positions SurplusLoop as a pioneer in autonomous industrial surplus asset management, setting a new benchmark for how technology can accelerate the shift towards a circular economy.
Together, both organisations are demonstrating that responsible innovation can deliver meaningful environmental impact while shaping a more resilient future for industry and society.
For more information, please visit https://www.advancecon.com.my/.
