Provide base metals strip for circulating coinage.
Active Indefinite Delivery Contract Awarded Last action
- Contract number
- 2031JG23D00002
- Awardee
-
PMX Industries, Inc. UEI L331KLRZBPY4
- Awarding agency
-
United States Mint
Department of the Treasury
- Task orders
- 45 $450,333,587 obligated
Award facts
- Combined order value
- $459,699,317 Current and potential, with all options
- Last date to order 39% complete
- IDV ceiling 20% used
- $2,300,000,000.00
- Award type
- Multiple award
- Who can order
- Only the awarding agency
- Contracting staff
- NAICS code
- 331420 Copper Rolling, Drawing, Extruding, and Alloying
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 2 offers Negotiated Proposal / Quote
- Pricing
- Order Dependent (IDV only)
Award details come from SAM.gov/FPDS.
About this IDV
The United States Mint awarded an indefinite delivery contract to PMX Industries, Inc. on February 1, 2023, for $2.3 billion with an ultimate completion date of September 30, 2032. This is a multiple-award vehicle with no set-aside used.
PMX Industries manufactures precision base metals strip—copper, nickel, and zinc compositions in rolled and drawn forms—for U.S. circulating coinage production across all denominations: quarters, dimes, nickels, and pennies. All work is performed at PMX's Cedar Rapids, Iowa facility.
Since IDV inception, the Mint has issued over 40 firm fixed-price delivery orders under this vehicle, with individual task order values ranging from approximately $250,000 to $19.96 million. Recent delivery orders include a $21.9 million order issued September 1, 2026, a $13.2 million order issued August 3, 2026, an $11.6 million order issued July 1, 2026, and a $14.67 million order issued April 2, 2025. The Mint issues delivery orders on a monthly or near-monthly basis; typical modifications address quantity adjustments, weekly production funding allocations, routing changes between Philadelphia and Denver mint locations, and de-obligation adjustments tied to quarterly open obligations reporting cycles.
PMX Industries is a subsidiary of South Korean company Poongsan Corporation and serves as the sole supplier of these specialized metal components to the Mint under full-and-open competition.
Task orders
Show all 45
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Original award | $0 |
Quick answers
Who was awarded contract 2031JG23D00002?
2031JG23D00002 was awarded to PMX Industries, Inc. by United States Mint (Department of the Treasury) on February 1, 2023.
How much is contract 2031JG23D00002 worth?
Orders under 2031JG23D00002 have obligated $450,333,587. Their combined current value, with exercised options, is $459,699,317. 2031JG23D00002's own ceiling is $2,300,000,000.
How many orders have been placed under contract 2031JG23D00002?
45 orders have been placed under 2031JG23D00002, the latest on September 1, 2026.
Who can order from contract 2031JG23D00002?
2031JG23D00002 is a multiple award indefinite delivery contract. Only the awarding agency can place orders on it.
Was contract 2031JG23D00002 competed?
The extent of competition for 2031JG23D00002 was full and open competition. The government received 2 offers.
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