Provide base metals strip for circulating coinage. Mint MAC base metal strip
Ended Awarded Last action
- Contract number
- 2031JG25F71113
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $8,614,490
Award facts
- Contract value 100% obligated
- $8,614,490.19 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 | -$152,579 | |
| Other Administrative Action | $1,508,108 | |
| Original award | $7,258,961 |
About this award
The United States Mint awarded a delivery order valued at $8.61 million to PMX Industries, Inc. for the provision of base metals strip for circulating coinage under the MINT MAC Base Metals program. This firm fixed-price contract, issued on July 1, 2025, with an ultimate completion date of August 5, 2025, represents work to be performed at PMX Industries' Cedar Rapids, Iowa facility. The delivery order carries no set-aside designation and is part of a larger strategic procurement vehicle—a $2.3 billion multiple-award indefinite delivery contract established in February 2023 and running through September 2032—which enables the Mint to maintain a reliable supply of critical raw materials for U.S. coin production.
PMX Industries, Inc., a Cedar Rapids-based subsidiary of South Korean company Poongsan Corporation, serves as the primary supplier of base metals strip essential for manufacturing quarters, dimes, nickels, and pennies. As a registered SAM.gov vendor since 2002, the company has consistently supplied precise metal components to the United States Mint through numerous delivery order contracts ranging from $250,000 to over $19 million. The current modification (P00002) involved de-obligating funding; however, this delivery order demonstrates the company's continued role as a critical supplier supporting the nation's circulating currency production.
Quick answers
Who was awarded contract 2031JG25F71113?
2031JG25F71113 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on July 1, 2025.
How much is contract 2031JG25F71113 worth?
The government has obligated $8,614,490 on 2031JG25F71113.
Is contract 2031JG25F71113 an order under another contract?
Yes. 2031JG25F71113 is a delivery order under 2031JG23D00002, an indefinite delivery contract.
Was contract 2031JG25F71113 competed?
The extent of competition for 2031JG25F71113 was full and open competition. The government received 2 offers.
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