The U.S. Department of the Treasury's United States Mint awarded PMX Industries, Inc., a foreign-owned, for-profit manufacturer, an indefinite delivery contract valued up to $2.3 billion over 10 years to provide base metals strip for the production of circulating coinage, including quarters, dimes, nickels, and pennies. As the sole supplier of these critical raw materials, PMX Industries plays a key role in enabling the Mint to fulfill its mission of manufacturing and distributing circulating currency to meet public demand. Under this multiple-award indefinite delivery vehicle, the Mint has issued numerous firm fixed price delivery orders to PMX Industries, ranging from $250,000 to over $19 million, for defined performance periods and quantities of base metals strip. The contracts, which do not carry set-aside designations, are performed at PMX Industries' facility in Cedar Rapids, Iowa. This long-term partnership between PMX Industries and the U.S. Mint ensures a reliable supply of the raw materials necessary to maintain the nation's coin production and currency system.
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