PMX Industries, Inc.

PMX Industries, Inc., a foreign-owned manufacturer of specialty metal strip and coil headquartered in Cedar Rapids, Iowa, is a subsidiary of South Korean company Poongsan Corporation and operates as a prime contractor delivering base metals strip for circulating U.S. coinage production to the United States Mint, the sole customer in its federal footprint. PMX competes full-and-open (no set-aside) and has received 429 federal awards across the past three decades, concentrated almost entirely on Mint contracts valued at $7.04 billion combined potential.

The core capability is precision base metals strip manufacturing—copper, nickel, and zinc compositions in rolled and drawn forms—for quarters, dimes, nickels, and pennies. All work is performed at PMX's Cedar Rapids facility. Recent representative awards include a $19.96 million delivery order issued May 1, 2023, a $16.73 million order issued March 1, 2023, and a $14.67 million order issued April 2, 2025, all under the $2.3 billion indefinite delivery contract awarded February 1, 2023, and running through September 30, 2032. The IDV has generated over 40 firm fixed-price delivery orders since award, with individual task order values ranging from $250,000 to approximately $19.96 million. The Mint has issued delivery orders monthly or near-monthly throughout 2022–2026; each order typically includes modifications for 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.

The portfolio sits entirely with the Department of the Treasury's United States Mint—380 awards (89% of the footprint) carrying $7.04 billion combined potential value. PMX is designated the sole supplier of these specialized metal components. The source material does not surface subcontractors, secondary customers, or teaming arrangements; PMX appears to operate as a direct supplier with no significant sub-work. Activity has remained steady at 8–14 awards annually over the past five years, with only two awards (combined potential value $11.6 million) facing ultimate completion within the next twenty-four months, indicating low near-term recompete exposure under the current IDV structure that extends through 2032. The $2.3 billion vehicle (contract 2031JG23D00002) dominates the parent vehicle ranking, with 43 task orders carrying $424.1 million combined potential, alongside several older IDVs from prior procurement cycles (contracts TMHQ08C0005, 2031JG18D00002, and TMK0202) that collectively account for most of the historical dollar volume. Category concentration reflects the commodity nature of the business: the top NAICS codes are Copper Rolling, Drawing, and Extruding (148 awards) and related nonferrous metal forming (128 awards); the dominant PSC is Plate, Sheet, Strip, and Foil; Nonferrous Base Metal (329 awards).