Elitecon International secures $97.35m long-term supply order

Elitecon International Limited has been awarded a long-term supply contract for cigarettes, premix sheesha, hookah tobacco, smoking mixtures, and other tobacco-allied products. The contract is valued at $97.35 Million and provides the company with steady export visibility over the contract period, which commences on January 1, 2026, for two years with a one-year lock-in period.

The order was awarded by Yuvi International Trade FZE, an international entity, and supports the efficient utilization of Elitecon's manufacturing capacities while strengthening its presence in Middle Eastern markets. This agreement aligns with the company's focus on expanding exports and building a sustainable business model, contributing positively to business stability and long-term growth. Products include Kingsman, 7Leaf, The EliteOne, and Quad One cigarette brands, as well as various Premix Sheesha, Hookah Tobacco, Qiwam, Scented Jarda, Smoking Mixtures, Chewing Tobacco, and Sheesha products.

Payment terms for the contract specify 90 days after delivery for quarterly FOB values, starting with $3,348,500.00 for March 2026 and increasing to $24,445,000.00 for December 2027. Price adjustments are subject to market fluctuations beyond 3%, with mutual agreement required for revisions.