Provide base metals strip for circulating coinage.
Ended Awarded Last action
- Contract number
- 2031JG26F71116
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4
- Awarding agency
-
United States Mint
Department of the Treasury
- Obligated
- $11,195,976
Award facts
- Contract value 100% obligated
- $11,195,975.60 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 | -$6,863 | |
| Funding Only Action | -$239,165 | |
| Other Administrative Action | -$776 | |
| Original award | $11,442,780 |
About this award
The United States Mint awarded a delivery order valued at approximately $11.2 million to PMX Industries, Inc. for the provision of base metals strip used in circulating coinage production. 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 to the federal government. The delivery order is structured as a firm fixed-price contract with no set-aside designation and an ultimate completion date of November 19, 2025. Performance will occur at PMX Industries' manufacturing facility in Cedar Rapids, Iowa, where the company maintains the specialized production capabilities required to deliver precision metal products meeting the exacting standards necessary for manufacturing U.S. quarters, dimes, nickels, and pennies.
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 initial award of the indefinite delivery contract, the Mint has issued over 40 firm fixed-price task orders with individual values ranging from approximately $250,000 to over $19.9 million. This long-term strategic partnership ensures reliable supply chain continuity for the essential raw materials necessary to maintain the Mint's operational capacity to manufacture and distribute circulating coins. The contract structure provides procurement flexibility through periodic modifications for quantity adjustments, funding allocations, and routing modifications between mint locations as operational requirements dictate.
Quick answers
Who was awarded contract 2031JG26F71116?
2031JG26F71116 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on October 2, 2025.
How much is contract 2031JG26F71116 worth?
The government has obligated $11,195,976 on 2031JG26F71116.
Is contract 2031JG26F71116 an order under another contract?
Yes. 2031JG26F71116 is a delivery order under 2031JG23D00002, an indefinite delivery contract.
Was contract 2031JG26F71116 competed?
The extent of competition for 2031JG26F71116 was full and open competition. The government received 2 offers.
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