The centre will “double the Mint’s capacity to innovate and will open new and exciting opportunities to market our proprietary technologies and processes,” said Ian Bennett, master of the Royal Canadian Mint said. “The expansion of our plating facility supports the growth of the Mint’s foreign business as a key priority as we pursue the objective to own 15 per cent of global market share by 2020.” Construction of the 70,000-square-foot expansion began in the fall of 2011, and cost an estimated $60 million. Continue reading →
Ever since the new $1 and $2 coins rolled out last year, all of our coins have been made on blanks produced in Winnipeg; the excess capacity is for producing non-Canadian coins in the highly competitive world minting market. Of greater interest is the Hieu C. Truong Centre for Excellence for Research and Development. The name is admittedly a bit over the top, but the work to be done there will impact our coins on a day-to-day basis. Truong was described as a leading innovator at the Mint. That was an understatement. In my opinion, Truong has been an unsung hero at the Crown corporation.
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