Provide base metals strip for circulating coinage. Mint MAC base metal strip
Ended Awarded Last action
- Contract number
- 2031JG25F71112
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $8,821,580
Award facts
- Contract value 100% obligated
- $8,821,579.63 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- 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 | -$9,661 | |
| Funding Only Action | -$90,586 | |
| Supplemental Agreement for work within scope | $4,870 | |
| Original award | $8,916,957 |
About this award
The United States Mint awarded a firm fixed-price delivery order valued at $8.8 million to PMX Industries, Inc. for the provision of base metals strip for circulating coinage production. This delivery order, issued on June 3, 2025, with an ultimate completion date of July 5, 2025, represents a task order under the company's larger multiple-award indefinite delivery contract valued at $2.3 billion and awarded on February 1, 2023. PMX Industries, a Cedar Rapids, Iowa-based manufacturer and subsidiary of South Korean company Poongsan Corporation, serves as the established sole supplier of specialized metal components essential for U.S. currency manufacturing. The contract carries no set-aside designation and is structured with firm fixed-price terms, reflecting the company's unique market position.
Performance will be executed at PMX Industries' Cedar Rapids facility, with funding provided by the United States Mint, a civilian agency within the Department of the Treasury. Since the IDV award in 2023, the Mint has issued over 40 firm fixed-price delivery order task orders under this contract vehicle, with individual values ranging from approximately $250,000 to over $19.9 million. These base metals strips are essential raw materials for manufacturing U.S. quarters, dimes, nickels, and pennies, and the long-term strategic partnership ensures reliable supply chain continuity for the nation's circulating coin production program through the contract's completion date of September 30, 2032.
Quick answers
Who was awarded contract 2031JG25F71112?
2031JG25F71112 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on June 3, 2025.
How much is contract 2031JG25F71112 worth?
The government has obligated $8,821,580 on 2031JG25F71112.
Is contract 2031JG25F71112 an order under another contract?
Yes. 2031JG25F71112 is a delivery order under 2031JG23D00002, an indefinite delivery contract.
Was contract 2031JG25F71112 competed?
The extent of competition for 2031JG25F71112 was full and open competition. The government received 2 offers.
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