Flexible Solutions International (NYSE Amex: FSI) has secured a new food grade contract for its Illinois plant with estimated annual revenue between $6.5 million and $13 million.
The contract spans five years with potential expansion to over $25 million annually, including provisions for tariff and inflation protection.
Production is set to commence promptly, with no additional equipment or capital enhancements required to meet revenue targets.
Contract Details
Five-year food grade contract for Illinois plant with revenue potential exceeding $25 million annually.
Production Commencement
Immediate limited production initiation with a ramp-up plan to reach revenue estimates quickly.
Future Revenue Projection
CEO anticipates potential revenue of over $50 million annually for new food grade production by 2027.
- The new contract signifies FSI's expansion into the food and nutrition supplement manufacturing markets, enhancing revenue diversification and growth prospects.
- With the addition of this contract and the previously announced one, FSI aims to double its revenue in the next 18 months, demonstrating optimistic business outlook.
Flexible Solutions International's latest food grade contract marks a significant step in revenue growth and market expansion, positioning the company for substantial financial gains. The strategic initiatives outlined by the CEO highlight a promising future for FSI in the food and nutrition supplement sector.