Provide base metals strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG25F71115
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $4,203,237
Award facts
- Contract value 100% obligated
- $4,203,236.66 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 | -$87,181 | |
| Original award | $4,290,417 |
About this award
The United States Mint awarded a delivery order valued at $4.2 million to PMX Industries, Inc. for the supply of base metals strip used in the production of circulating coinage. The contract, executed on September 2, 2025, with an ultimate completion date of October 5, 2025, is structured as a firm fixed-price delivery order with no set-aside designation. PMX Industries, a Cedar Rapids, Iowa-based manufacturer and subsidiary of South Korean company Poongsan Corporation, serves as the critical sole supplier of specialized metal components essential for U.S. currency manufacturing, including the raw materials necessary to produce quarters, dimes, nickels, and pennies. Performance will occur at the company's manufacturing facility in Cedar Rapids, Iowa.
This delivery order is issued under PMX Industries' larger indefinite delivery vehicle—a $2.3 billion multiple-award contract awarded by the United States Mint on February 1, 2023, with completion scheduled for September 30, 2032. Since the indefinite delivery contract's inception, the Mint has issued over 40 firm fixed-price task orders with individual values ranging from approximately $250,000 to $19.9 million to address ongoing requirements for base metals strip procurement. The company's sustained engagement reflects its established position as the sole provider of the specialized metal materials critical to maintaining the Mint's operational capacity to manufacture and distribute circulating coins, with the contract structure providing procurement flexibility throughout its operational period.
Quick answers
Who was awarded contract 2031JG25F71115?
2031JG25F71115 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on September 2, 2025.
How much is contract 2031JG25F71115 worth?
The government has obligated $4,203,237 on 2031JG25F71115.
Is contract 2031JG25F71115 an order under another contract?
Yes. 2031JG25F71115 is a delivery order under 2031JG23D00002, an indefinite delivery contract.
Was contract 2031JG25F71115 competed?
The extent of competition for 2031JG25F71115 was full and open competition. The government received 2 offers.
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