PETALING JAYA: Advancecon Holdings Bhd
has secured a RM82.09mil contract that strengthens its order book and earnings visibility, as the civil engineering specialist deepens its footprint in Johor’s fast-growing industrial corridor.
The group said in a filing with Bursa Malaysia yesterday that its wholly owned subsidiary, Advancecon Infra Sdn Bhd, has accepted a letter of acceptance from Southern Catalyst Sdn Bhd to undertake earthworks, main drainage, ancillary works and related infrastructure for Phase 1 (Package 1) of the Southern Catalyst Innovation District in Kulai, Johor.
The project is scheduled to commence on Feb 4 and be completed by May 4, 2027, providing revenue visibility over a 15-month construction period.
Located in Mukim Sedenak, the development is in an area poised to benefit from rising manufacturing activity, growing logistics demand and broader regional spillover effects.
Managing director Phum Boon Eng said the award reflects continued confidence in Advancecon’s execution capabilities and track record in large-scale earthworks projects.
The contract is expected to contribute positively to earnings over its duration, barring unforeseen circumstances.
