KK Tikvesh is the first ever Macedonian club to win an international trophy in basketball, they won the 2010-11 EUROHOLD Balkan League.

The team was taken under the leadership of the local FErro-NIckel mining company "Feni Industries AD" in 2005, while the smelter was under the control of Beny Steinmetz.

In 2019, due to the difficulties of Steinmetz and because of the uncertain economic climate for the smelter's output, the company faced court-ordered administration.

The result of this process was the sale of the smelter to an organization called Euronickel,[3] who also took on the sponsorship of the basketball team.

In the summer of 2023 EuroNickel planned to step down and stop being the main financial brand of Kavadarci club.