Provide base metals strip for circulating coinage. Mint MAC base metal strip
Ended Awarded Last action
- Contract number
- 2031JG25F71114
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $7,606,243
Award facts
- Contract value 100% obligated
- $7,606,243.45 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 | -$207,879 | |
| Original award | $7,814,122 |
About this award
The United States Mint awarded a delivery order valued at $7.6 million to PMX Industries, Inc., a Cedar Rapids, Iowa-based manufacturer specializing in base metals strip for circulating coinage. This firm fixed-price delivery order, awarded on August 1, 2025, with an ultimate completion date of September 5, 2025, is issued under the MINT MAC Base Metals program and represents a modification to de-obligate funding in accordance with the Fiscal Year 2026 first quarter open obligations report. The contract carries no set-aside designation and will be performed at PMX Industries' facility in Cedar Rapids, Iowa.
PMX Industries, a subsidiary of South Korean company Poongsan Corporation, serves as the primary supplier of base metals strip essential for producing U.S. quarters, dimes, nickels, and pennies. This delivery order is issued under a larger $2.3 billion multiple-award indefinite delivery contract awarded in February 2023 and running through September 2032, which enables the United States Mint to procure critical raw materials for circulating coin production through individual task orders. As the established sole provider of these specialized metal components, PMX Industries maintains a strategic partnership with the Mint to ensure reliable and continuous supply of materials necessary for domestic currency manufacturing.
Quick answers
Who was awarded contract 2031JG25F71114?
2031JG25F71114 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on August 1, 2025.
How much is contract 2031JG25F71114 worth?
The government has obligated $7,606,243 on 2031JG25F71114.
Is contract 2031JG25F71114 an order under another contract?
Yes. 2031JG25F71114 is a delivery order under 2031JG23D00002, an indefinite delivery contract.
Was contract 2031JG25F71114 competed?
The extent of competition for 2031JG25F71114 was full and open competition. The government received 2 offers.
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