July 12, 2013, Winnipeg – The Royal Canadian Mint officially introduced its 70,000 square plating facility expansion, and the Hieu C. Truong Centre of Excellence for Research and Development.
The plating expansion will enable the Mint to increase
production of multi-ply plated steel blanks and other advanced plated
products by two billion pieces per year, while the Centre of
Excellence, which was named for one of the Mint's most celebrated
innovators, will ensure that the Corporation remains at the leading
edge of minting technology.
"The Royal Canadian Mint is known as both an innovator and
entrepreneurial leader in the international minting community," said
Shelly Glover, member of parliament for Saint Boniface and parliamentary secretary to the Minister of Finance. "With this
significant investment in its Winnipeg operations, the Mint continues
to increase its international competitive advantage and as its
shareholder, our Government recognizes its endeavors as it expands to
pursue even more opportunities in the global marketplace."
"The Hieu C. Truong Centre of Excellence for Research and Development
will double the Mint's capacity to innovate and will open new and
exciting opportunities to market our proprietary technologies and
processes to the benefit of coin customers world-wide," said Ian E.
Bennett, President and CEO of the Royal Canadian Mint. "The expansion
of our state-of-the-art plating facility supports the growth of the
Mint's foreign business as a key priority as we pursue the objective to
own 15 percent of global market share by 2020."
Construction began in the fall of 2011
and was led by PCL Constructors Canada, working in conjunction
with a network of suppliers and trade workers from
Winnipeg. Representing an investment of $60 million, the expansion
project generated more than 130 local construction jobs in Winnipeg and the
Mint anticipates adding several additional positions to its permanent
workforce to operate the plating facility once it is fully operational.