Asahi Refining USA Inc.
Salt Lake City, UT Asahi Refining USA
- UEI
- GL5NPDBBRMC8
- CAGE
- 8SRD6
- SAM.gov registration
- Active through
Company facts
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Not Tax Exempt)
- NAICS codes registered in SAM.gov
- Corporate family
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Asahi Refining USA Inc.
GL5NPDBBRMC8
- Asahi Refining Florida LLC TM42WDB45MY7
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Asahi Refining USA Inc.
GL5NPDBBRMC8
- SAM.gov registration date
- Physical address
- 4601 2100 S, Salt Lake City, UT 84120, USA
- Website
- asahirefining.com
- Founded
- 2015
- Employees
- 51-250
- Estimated annual revenue
- $10M-$50M
- Industry
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- Industrials
- Capital Goods
- Industrial Conglomerates
- Industrials & Manufacturing
- SIC code
- 50 Wholesale Trade – Durable Goods
- Profiles
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Recent federal awards
| Award | Agency | Obligated | Awarded |
|---|---|---|---|
| Raw gold bullion | United States Mint | $5,433,658 | |
| Raw gold bullion | United States Mint | $5,369,457 | |
| Raw gold bullion | United States Mint | $5,277,021 | |
| Raw gold bullion | United States Mint | $5,158,613 | |
| Raw gold bullion | United States Mint | $4,874,833 |
About Asahi Refining USA Inc.
Asahi Refining USA Inc., a foreign-owned precious metals refiner headquartered in Salt Lake City, Utah, supplies raw gold bullion and refined silver bullion to the United States Mint as the sole prime contractor under a single-award indefinite delivery contract valued at up to $20 billion through December 2040, with no subcontractor involvement and no set-aside designation.
Asahi Refining USA operates as a precious metals manufacturer specializing in the refining and supply of raw gold and refined silver materials for federal coinage production. The company holds two IDVs with the Mint: a primary single-award contract for raw gold bullion (awarded December 2020, $20 billion potential value through 2040) and a secondary multiple-award contract for refined silver (awarded March 2022, $10 billion potential value through 2040). The combined $30 billion in potential value across both vehicles establishes Asahi Refining USA as the Mint's sole supplier of these critical commodities. Work is performed at the company's facilities in Salt Lake City, Utah and Ottawa, Ontario, Canada, with delivery to the Mint's Salt Lake City facility or, in limited cases, to facilities in Great Britain and Canada. Asahi Refining USA leverages nearly 200 years of precious metals refining expertise to meet the exacting federal specifications required for U.S. circulating coins, commemorative issues, and bullion coin production.
Customer concentration is absolute: the Department of the Treasury's United States Mint represents 100% of the vendor's award footprint, with 383 awards totaling $21.53 billion in combined potential value. All recent activity flows through the Mint as the single funding federal agency. The source data reflects 383 prime delivery orders and two parent IDVs; no subcontracting or secondary customer relationships appear in the award portfolio. Notably, Asahi Refining USA does not compete on the open market or under set-aside categories; all work is direct prime execution under non-competitive sole-source delivery order arrangements.
Activity has remained steady and contract-heavy: the vendor received 34 awards in 2021, 11 in 2022 (during a Mint procurement transition period), then 166 in 2024, 116 in 2025, and 55 in 2026 through July. The spike in 2024 reflects a shift in the Mint's ordering cadence to more frequent smaller delivery orders rather than fewer large blanket commitments. Combined dollars obligated stand at $1.53 billion (7% of combined potential value), indicating that the majority of the $30 billion ceiling across both IDVs remains unobligated. Three awards face ultimate completion dates within the next twenty-four months, totaling $15.3 million in potential value—a negligible recompete exposure given the IDV's December 2040 termination date and Asahi's sole-supplier status.
The company operates exclusively as a prime contractor with no identified subcontractors across its federal portfolio. Its subsidiary, Asahi Refining Florida LLC (also foreign-owned, for-profit, manufacturer of goods), does not appear in the award data. Asahi Refining USA's federal market footprint is narrowly specialized: NAICS concentration is extremely high (382 awards under Nonferrous Metal Rolling, Drawing, and Extruding; 1 under Nonferrous Metal Smelting and Refining), and PSC concentration is absolute (all 383 awards under Precious Metals Primary Forms). This narrow, single-customer, single-product specialization reflects a highly specialized capability with no cross-agency applicability or competitive exposure outside the Mint's precious metals procurement framework.
Quick answers
What is Asahi Refining USA Inc.'s UEI?
Asahi Refining USA Inc.'s Unique Entity ID (UEI) in SAM.gov is GL5NPDBBRMC8.
What is Asahi Refining USA Inc.'s CAGE code?
Asahi Refining USA Inc.'s CAGE code is 8SRD6.
What is Asahi Refining USA Inc.'s primary NAICS code?
Asahi Refining USA Inc.'s primary NAICS code is 331410 (Nonferrous Metal (except Aluminum) Smelting and Refining).
Where is Asahi Refining USA Inc. located?
Asahi Refining USA Inc.'s physical address in SAM.gov is 4601 2100 S, Salt Lake City, UT 84120, USA.
Is Asahi Refining USA Inc. registered in SAM.gov?
Yes. Asahi Refining USA Inc.'s SAM.gov registration is active through May 14, 2027.
What is Asahi Refining USA Inc.'s most recent federal award?
Asahi Refining USA Inc.'s most recent federal contract award is Raw gold bullion (2031JG26F52452), from United States Mint, on September 24, 2026.
On GovTribe
See Asahi Refining USA Inc.'s full federal record
- Federal contract awards
- IDV awards
- Funding analysis by agency, NAICS and set-aside
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