OTTAWA—The Royal Canadian Mint has won a contract from the Royal Thai Mint in Bangkok, Thailand to produce 200 million nickel-plated steel blanks for its 1-Baht circulation coin.
A Baht is worth about three cents in Canada.
These blanks will be among the first to be produced at the Mint’s newly expanded, state-of-the-art Winnipeg plating facility.
“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,” said Ian Bennett, president and CEO of the Royal Canadian Mint.
Officially opened in June, the 70,000 square foot expansion of the Mint’s Winnipeg facility added new plating capacity to handle foreign circulation coin contracts. The growth of the Mint’s foreign business is a key priority as the Mint aims for 15 per cent of global market share by 2020.
The Mint doesn’t just print Canadian money anymore. It produces a number of products for foreign customers, including: circulation numismatic coins; ready-to-strike blanks; medals, medallions and tokens. It also offer services such as coin distribution management, marketing, communications, and technology transfers.
Since opening in 1976, the Mint’s Winnipeg facility has produced circulation coins and blanks for more than 75 countries.