OTTAWA, Dec. 13 /CNW Telbec/ - The Royal Canadian Mint (RCM) is crediting
its patented multi-ply plating technology for a record year in its foreign
circulation business line. The Mint's Winnipeg, Manitoba facility has already
set a new production volume record with one month left to go in 2007, having
struck almost 1.2 billion multi-ply plated circulation coins for countries
from around the globe.
"In an age of rising base metal costs, there is a compelling need around
the world for a coinage solution which saves money without compromising
quality," said RCM President and CEO, Mr. Ian E. Bennett. "Only the Royal
Canadian Mint can offer a solution to meet this need, which has led us to
become one of the most innovative in the world."
Among the countries which have recently adopted the Royal Canadian Mint's
multi-ply plating are Papua New Guinea, New Zealand, Ghana, Oman, Paraguay,
Barbados and the Bahamas. As well, RCM multi-ply plating is generating strong
interest among other countries in the Caribbean region.
RCM Multi-ply plating is a unique electroplating process which deposits
thin, alternating layers of nickel and copper over a steel core, or "blank",
to produce the best quality, most economical nickel and copper based coins
circulation coins available. RCM Multi-ply plated circulation coins are
proudly produced by the skilled technicians of the Mint's Winnipeg facility,
where all circulation coins, for Canada and countries from around the globe
There are many advantages to using the Mint's superior multi-ply plating
technology, for coins and for blanks supplied to coin manufacturers,
- Substantial savings in time and materials: multi-ply plating uses less
nickel, copper or bronze than other minting techniques, and is
dramatically faster than single-ply plating;
- Superior performance: nickel plate resists tarnishing better than
cupronickel and ferritic stainless steel; and
- Heightened security: varying the thickness of each copper and nickel
layer to custom specifications gives multi-ply plated coins a unique
electromagnetic signature, which ensures security and prevents vending
"The international contracts we have won so far this year are a ringing
endorsement of our multi-ply plating technology and support the case for the
continued growth of the Royal Canadian Mint," added Ian E. Bennett. "We are
proud to be Canada's Mint and delighted that, thanks to unique abilities such
as multi-ply plating, we have become a mint to the world".
In 2006, the Royal Canadian Mint also licensed its multi-ply plating
technology to long-time partner Jarden Zinc Products Incorporated of
Greeneville, Tennessee, USA. This leading metal products supplier manufactures
multi-ply plated coin blanks for customers world-wide and helps the RCM meet
increasing demand for its circulation coins.
The RCM competes against other Mints for international contracts and has
produced coins and coin blanks for over 60 countries in the last 25 years.
About the RCM
The Royal Canadian Mint, an ISO 9001-2000 certified company, is the Crown
Corporation responsible for the minting and distribution of Canada's
circulation coins. In operation since 1908, the Royal Canadian 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 Royal
Canadian Mint, its products and services, visit www.mint.ca.
For further information:
For further information: Alex Reeves, Manager, Communications, (613)
949-5777, (613) 991-5342, Mobile: (613) 884-6370, firstname.lastname@example.org