Provide base metals strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG25F71109
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $7,658,041
Award facts
- Contract value 100% obligated
- $7,658,040.74 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- NAICS code
- 331420 Copper Rolling, Drawing, Extruding, and Alloying
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 2 offers Multiple Award, Fair Opportunity
- Pricing
- Firm Fixed Price
- Place of performance
- Cedar Rapids, IA 52404, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Funding Only Action | -$95,568 | |
| Other Administrative Action | $0 | |
| Original award | $7,753,608 |
About this award
The United States Mint awarded a delivery order contract to PMX Industries, Inc., a Cedar Rapids, Iowa-based manufacturer and subsidiary of South Korean company Poongsan Corporation, to provide base metals strip for circulating coinage production. This contract, valued at $7.66 million with a firm fixed-price structure and an ultimate completion date of April 18, 2025, carries no set-aside designation. The delivery order is issued under PMX Industries' larger $2.3 billion multiple-award indefinite delivery contract established in February 2023, which extends through September 2032 and enables the Mint to procure essential raw materials for manufacturing quarters, dimes, nickels, and pennies. Modification P00002 to this delivery order de-obligates funding in accordance with the Fiscal Year 2025 fourth quarter open obligations report.
PMX Industries operates as the primary supplier of specialized base metals strip to the United States Mint, a role it has maintained since its SAM.gov registration in 2002. The company's Cedar Rapids facility serves as the place of performance for this contract and represents the critical manufacturing hub supporting the nation's circulating currency production. As the sole provider of these specialized metal components, PMX Industries fulfills a strategic role in ensuring the Mint maintains reliable supply chains for the precise materials necessary to produce U.S. coins at scale.
Quick answers
Who was awarded contract 2031JG25F71109?
2031JG25F71109 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on March 3, 2025.
How much is contract 2031JG25F71109 worth?
The government has obligated $7,658,041 on 2031JG25F71109.
Is contract 2031JG25F71109 an order under another contract?
Yes. 2031JG25F71109 is a delivery order under 2031JG23D00002, an indefinite delivery contract.
Was contract 2031JG25F71109 competed?
The extent of competition for 2031JG25F71109 was full and open competition. The government received 2 offers.
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