Advancecon

What Advancecon does

Advancecon Holdings Berhad is a Bursa Malaysia-listed construction and infrastructure group (Reg. no. 426965-M) founded in 1997 by Datuk Phum Ang Kia as a specialist earthworks contractor. The Group is headquartered in Kota Damansara, Petaling Jaya, Malaysia, and is CIDB G7 accredited, ISO-certified, and SPKK-registered, enabling it to bid on Building and Civil Engineering projects of unlimited value. Its core offering is large-scale earthworks and civil infrastructure development — site preparation, roads, drainage, bridges, piling, rock blasting and quarry services — delivered with an in-house fleet of more than 400 machinery units valued at over RM110 million, supporting clients such as government-linked entities, major developers (e.g., Tropicana Alam) and infrastructure concessionaires (e.g., West Coast Expressway Section 1, South Klang Valley Expressway).

The Group generates revenue through project-based, tender-driven contracts awarded on a case-by-case basis, with recent major wins disclosed at RM47.6 million (Johor Corp, May 2026) and RM148.4 million (Johor infrastructure, March 2026). Complementary revenue streams include quarry operations and construction materials supplied through its wholly-owned subsidiary Spring Energy Sdn. Bhd. (acquired 2021), the SVTP Industrial Park property development initiative, and renewable energy following the commercial launch of a large-scale solar photovoltaic facility in Selangor. Distribution is exclusively direct enterprise: B2B tender submissions, prequalification, and contract negotiation with government agencies and large private developers; no retail or self-serve channels exist.

Governance and leadership were substantially refreshed in late 2025 and early 2026, including the appointment of Phum Boon Eng (former Head of Solar Division) as Group Managing Director on 22 December 2025, and the addition of Tan Sri Razarudin Husain, Datuk Loo Took Gee and Wee Chuen Lii to the Board in March 2026. The Group reported RM423.1 million of revenue in FY2025 with a return to full-year profitability, and signed a strategic MOU with Teras Impiana on 29 June 2026 to position for higher-margin industrial and mission-critical infrastructure segments.

Name

Advancecon

Legal name

Advancecon Holdings Berhad

Website

https://advancecon.com.my

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Advancecon Holdings Berhad is a Bursa Malaysia-listed, CIDB G7-accredited construction and infrastructure group delivering large-scale earthworks, civil engineering, quarry operations, property development and renewable energy projects for government and private-sector clients across Malaysia.

Ownership category

akta.pro rank

Product category

Civil Engineering & Infrastructure Construction

NAICS

Site Preparation Contractors (23891)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600)

akta.pro primary industry

Site Preparation & Civil Works (Clearing, Grading, Earthworks, Roads) (EUAMAFAA)

akta.pro secondary industries

Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA), Solar Balance-of-Plant EPC (Piles/Foundations, Trenching, Combiner Networks) (EUAEADAJ)

Keywords

• Earthworks services
• Civil infrastructure construction
• Quarry operations
• Construction materials supply
• Renewable energy projects

Headquarters

HQ city

Petaling Jaya

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Marketing or Sales

Revenue model

1. Earthworks and Civil Infrastructure Contracts: Project-based revenue from large-scale earthworks, site preparation, roads, drainage, and civil works for townships, highways, industrial developments, and public infrastructure. Contracts are tendered and awarded on a project-by-project basis with values ranging from RM47.6 million to RM148.4 million for recent major wins.
2. Quarry Operations and Construction Materials: Contract quarry operations, mobile crushing, quarry management, and construction materials supply for infrastructure and development projects. Supported by Spring Energy subsidiary with experience dating back to 1997.
3. Property Development: Strategic property and industrial development initiatives building on infrastructure delivery experience. Includes SVTP Industrial Park development.
4. Renewable Energy: Revenue from large-scale solar photovoltaic facility in Selangor that has launched commercial operations. Part of long-term diversification into sustainable infrastructure.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Advancecon is a Bursa-listed construction and infrastructure group that delivers large-scale earthworks, civil engineering, and infrastructure projects for townships, highways, industrial developments, and public infrastructure across Malaysia. The group operates an in-house fleet of 400+ machinery units valued at RM110M+ to execute projects under CIDB G7 accreditation. Complementary segments include quarry operations and construction materials (via Spring Energy subsidiary), strategic property development (SVTP Industrial Park), and renewable energy through a large-scale solar photovoltaic facility in Selangor.

Product overview

Advancecon is a Bursa-listed construction and infrastructure group offering a portfolio of interconnected services. The core offering is Earthworks and Civil Infrastructure Development covering large-scale earthworks, site preparation, roads, drainage and civil works for townships, highways, industrial and public infrastructure projects. This is complemented by Quarry Operations and Construction Materials delivered through Spring Energy (acquired in 2021), which provides contract quarrying, mobile crushing and quarry management. The Group has expanded into Property Development through the SVTP Industrial Park initiative, and Renewable Energy with a commercial solar photovoltaic facility in Selangor. These services are designed to work synergistically — the quarry and materials operations support earthworks execution, while infrastructure delivery expertise underpins property development projects.

Differentiator

Problem solved

Functional benefit

Products and services

• Earthworks and Civil Infrastructure Development Large-scale earthworks, site preparation, roads, drainage and civil works for townships, highways, industrial developments and public infrastructure projects across Malaysia. Targeted at government agencies, government-linked companies, and major developers.
• Quarry Operations and Construction Materials Contract quarry operations, mobile crushing services, quarry product marketing, quarry management and advisory services, plus construction materials supply. Delivered through the wholly-owned Spring Energy subsidiary for infrastructure, civil engineering and development projects.
• Property Development (SVTP Industrial Park) Strategic property and industrial development initiatives including the SVTP Industrial Park, building on Advancecon's infrastructure delivery experience to support long-term value creation for investors and developers.
• Renewable Energy (Solar PV Facility) Development and participation in renewable energy projects, including commercial operations of a large-scale solar photovoltaic facility in Selangor, as part of the Group's long-term diversification into sustainable infrastructure.

Quantifiable outcome

• 30+ years of experience delivering large-scale infrastructure projects
• +2 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Teras ImpianacoreStrategic or Co-development Partner · 29 June 2026Advancecon signed MOU with Teras Impiana to strengthen future-ready industrial and mission-critical infrastructure capabilities. This partnership aims to enhance the company's positioning in industrial and mission-critical infrastructure segments as part of strategic diversification and capability building.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Gamuda Berhad: Malaysia's largest listed infrastructure conglomerate delivering expressways, rail, tunneling, water, and large-scale civil engineering projects. Most directly comparable to Advancecon on heavy civil construction and government-linked tender exposure, but at meaningfully larger scale and broader scope.
• Sunway Construction Group Berhad: Bursa-listed Malaysian contractor focused on building, civil infrastructure, and foundation/geo-engineering works. Comparable on civil tender execution and on combining integrated construction services for large developers and government-linked clients across Malaysia.
• Muhibbah Engineering (M) Bhd: Malaysian heavy contractor active in bridges, marine works, cranes, and airport construction with overseas operations. Comparable on heavy civil engineering execution and on using owned plant and equipment to secure large infrastructure packages.
• WCT Holdings Berhad: Malaysian contractor and property developer with established track record in expressways, earthworks, and mixed-use developments. Closely comparable on the contractor-plus-property diversification profile and exposure to government infrastructure spending cycles.
• IJM Corporation Berhad: Diversified Malaysian construction and property group with deep government infrastructure and township development exposure. Comparable on civil engineering execution, materials integration (via its quarry and building-products arm), and the contractor-plus-developer model Advancecon is pursuing.
• Naim Holdings Berhad: Sarawak-based Malaysian contractor and property developer with integrated quarry and construction materials operations. Comparable on the contractor-quarry-developer structure, although its primary geographic focus is East Malaysia rather than Advancecon's Peninsular footprint.
• Kimlun Corporation Berhad: Mid-cap Malaysian civil and building contractor with quarry and construction materials operations. Most directly comparable to Advancecon on the integrated earthworks-plus-quarry model and on competing for the same tier of government and developer-led tenders.
• Malaysian Resources Corporation Berhad (MRCB): Malaysian construction, property, and infrastructure group with strong government-linked project exposure. Comparable on large-scale civil execution and on combining contractor capability with industrial park and TOD property development.
• Zelan Berhad: Malaysian construction and engineering group historically active in civil infrastructure and energy-related projects. Comparable on competing for the same government infrastructure tenders, though at smaller scale than Advancecon's recent Johor wins.

Broad incumbents

• HSS Engineers Berhad: Malaysian engineering services and project management firm serving the same infrastructure and developer clients as Advancecon. Comparable as a broad incumbent in the Malaysian infrastructure value chain, though focused on engineering rather than physical construction.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/advancecon-infra-sdn-bhd

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Advancecon