Number of countries using the Mint's multi-ply plated steel technology now totals 34
OTTAWA, May 1, 2015 /CNW/ - The Royal Canadian Mint is pleased to announce that it has been awarded its first ever contract with Bank Indonesia in Jakarta, to produce nickel-plated steel blanks for its 1000 Rupiah circulation coin. This contract win with Indonesia brings the number of countries using the Mint's multi-ply plated steel technology to 34.
"The Mint's multi-ply plated technology is the most advanced plating process in the world and is renowned for producing high-quality, cost-effective and secure coinage products," said Sandra L. Hanington, President and CEO of the Royal Canadian Mint. "We are proud that these blanks which will be used daily in Indonesia will originate from our Winnipeg facility where our employees apply their technical expertise to deliver the best quality and value to our customers."
First developed for Canadian circulation coinage in 2001, the Mint's multi-ply plated steel technology consists of alternating layers of nickel, copper and nickel plated over a steel core. Today, this proven technology enjoys success around the world, including in the varying climate conditions of Asia, Africa and the Caribbean.
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 80 countries.
This contract is demonstrative of Canada's expanding commercial relations with Indonesia. Canadian exports to Indonesia have almost doubled in the past five years and two-way investment has increased significantly. Indonesia is Canada's largest merchandise export market and largest investment destination in Southeast Asia.
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
For further information: Alex Reeves, Senior Manager, Communications, Royal Canadian Mint, Tel: (613) 949-5777, [email protected]