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 of Tender (“LOA”), together with a supplementary letter as addendum thereto, valued at RM41.52 million from JLG Technopark Sdn. Bhd. (“JLG Technopark”) for the proposed construction and completion of earthworks and main infrastructure works for Section 1B4 of Package 1B at Southern Ibrahim Technopolis (“IBTEC”) in Kulai, Johor.
The latest award marks Advancecon’s third contract from JLG Technopark for works at IBTEC, reflecting the Group’s continued involvement in the development and strengthening its construction pipeline.
The contract, which carries a total value of RM41.52 million, involves a 19-month construction period, with completion scheduled for 3 June 2028.
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 contribute towards strengthening Johor’s position as a regional investment destination, particularly amid continued industrial expansion and investment activity within the southern corridor.
This latest contract further strengthens Advancecon’s established presence within IBTEC, building on its earlier project awards from JLG Technopark, including the RM148.4 million earthworks and main infrastructure contract secured in March 2026.
The additional RM41.52 million contract will further replenish Advancecon’s outstanding order book, supporting its construction pipeline and providing additional earnings visibility over the contract period. The award is also expected to contribute positively towards the Group’s future earnings as works progress.
Mdm. Phum Boon Eng, Managing Director of Advancecon Holdings Berhad, said,
“We are pleased to secure our third contract from JLG Technopark for works at IBTEC, which reflects our continued involvement in this major industrial development. Securing another award within the same development is encouraging for Advancecon, as it demonstrates the relevance of our technical capabilities and track record in delivering large-scale earthworks and infrastructure projects.
Johor continues to present opportunities for industrial and infrastructure development, supported by ongoing investments in manufacturing, technology and other high-value industries. With IBTEC emerging as an important industrial and technology hub, we are pleased to contribute our expertise towards supporting its progressive development,”.
Moving forward, Advancecon will continue to pursue quality infrastructure projects that leverage its core strengths in earthworks and civil engineering, particularly within industrial, township and infrastructure-related developments. The latest award further strengthens the Group’s construction pipeline and reinforces its presence in Johor’s growing industrial landscape.
The Group remains focused on disciplined project execution, prudent cost and working capital management, and selective tender participation to support sustainable earnings growth while continuing to contribute towards Malaysia’s industrial and infrastructure development.
