OTTAWA, Aug. 21, 2013 /CNW/ - The Royal Canadian Mint is pleased to announce that it has been awarded a contract from the Royal Thai Mint in Bangkok, Thailand to produce 200 million nickel-plated steel blanks for its 1-Baht circulation coin. These blanks will be among the first to be produced at the Mint's newly expanded, state-of-the-art Winnipeg plating facility.
"An industry leader and innovator focused on delivering the best quality and value to our customers, the Mint is pleased to continue the relationship we have enjoyed with the Royal Thai Mint since 2004," said Ian E. Bennett, President and CEO of the Royal Canadian Mint. "We are extremely proud that our newly expanded plating facility, among the most modern in the world, is providing us the opportunity to effectively compete globally in the minting industry."
Officially opened in June, the 70,000 square foot expansion of the Mint's Winnipeg facility adds new plating capacity to support growth anticipated from the execution of foreign circulation coin contracts with customers from dynamic economies seeking the Mint's advanced coinage solutions. The growth of the Mint's foreign business is a key priority as the Corporation pursues its objective to own 15 percent of global market share by 2020.
The Mint offers foreign customers a full spectrum of coin manufacturing and consulting services; from the production of circulation numismatic coins; ready-to-strike blanks; medals, medallions and tokens; to coin distribution management, marketing and communications, and technology transfers. Since opening in 1976, the Mint's Winnipeg facility has produced circulation coins and blanks for over 75 countries.
About the Royal Canadian Mint
The Royal Canadian Mint is the Crown Corporation responsible for the minting and distribution of Canada's circulation coins. An ISO 9001-2008 certified company, the Mint is recognized as one of the largest and most versatile mints in the world, offering a wide range of specialized, high quality coinage products and related services on an international scale. For more information on the Mint, its products and services, visit www.mint.ca.
SOURCE Royal Canadian Mint