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