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Bulk brands · 9mm, .223, .45 ACP · editorial reference

Magtech vs PMC vs Fiocchi: Imported Bulk Lines Compared

A Brazilian giant, a Korean brass maker and a 150-year-old Italian family firm walk into your ammo can. Here is what each one actually brings to a 1,000-round case.

Updated October 28, 2026·7 min read
Short answer

All three sell new-production range ammo by the case. PMC Bronze comes from a vertically integrated Korean parent that rolls its own brass; Magtech is the export brand of Brazil's CBC; Fiocchi is an Italian maker that loads most of its US-market ammo in Missouri. Pick by caliber availability, case material and delivered cost per round, not by flag.

Three passports, one ammo can

Pull a handful of loose rounds out of a typical range bag and read the headstamps. Odds are good you will find at least one of these three names. They are the imported workhorses of American plinking: Magtech, PMC and Fiocchi. They are cheap enough to buy by the thousand and familiar enough that nobody at the range blinks.

But "imported range ammo" hides more variety than the phrase suggests. These three companies have wildly different histories, ownership and manufacturing footprints, and those differences show up in the things a bulk buyer cares about: what calibers you can get by the case, what the case is made of, and how the boxes are packed.

Here is the bulk buyer's version of each brand, followed by a clear call.

The short version

Magtech PMC (Bronze line) Fiocchi (Range Dynamics)
Parent CBC Global Ammunition (Brazil) Poongsan (South Korea) Fiocchi Munizioni (Italy), majority owned by CSG since 2022
Founded CBC, 1926 Poongsan, 1968; PMC, 1982 1876
Signature claim Huge group scale, many plants Makes every component, owns its brass mill US plant in Ozark, Missouri
Example AD case 9mm 115 gr FMJ, zinc-plated steel case 9mm 124 gr FMJ, 50 x 20; .223 55 gr FMJ-BT, 20 x 50 .223 55 gr FMJ-BT, 50 x 20
Case material in those examples Steel (zinc plated) New brass, Boxer primed New brass, Boxer primed

Company facts come from the sources listed at the end of this page; product specs come from Ammunition Depot's listings.

Magtech: the export face of a Brazilian giant

Magtech is the commercial brand of Companhia Brasileira de Cartuchos, better known as CBC, founded in Brazil in 1926. The group is enormous. CBC Global Ammunition is the holding company for CBC Brazil, Magtech Ammunition USA and Germany's MEN, and the group says it produces more than 1.5 billion rounds a year and exports to over 100 countries. In 2025 it signed on for a US facility in Oklahoma designed to load centerfire ammunition from 9mm up to 12.7mm.

For a bulk buyer, that scale cuts two ways. It means Magtech is everywhere and comes in many calibers. It also means "Magtech" on a box tells you the brand, not necessarily the plant, so read the box if origin matters to you.

The Magtech 9mm case currently in Ammunition Depot's bulk 9mm listings is the 9AS, a 115-grain FMJ load with zinc-plated steel cases, listed at 1,135 fps and packed 50 to a box, 20 boxes to a case. Steel cases change the math in ways a sticker price will not show you: they are not practical to reload, some indoor ranges restrict them, and some shooters accept those trade-offs for a lower entry cost. Our brass vs steel total-cost piece works through that trade.

PMC: a brass company that happens to make ammo

PMC stands for Precision Made Cartridges. It was established in 1982 as a subsidiary of Poongsan, a South Korean company founded in 1968 that began producing copper-alloy products the following year. That origin explains PMC's main sales pitch. On its own site, PMC says its supplier makes every component in its centerfire cartridges, owns the brass mill that rolls the strip for its cartridge cups, and loads all its sporting ammunition in-house.

Why should a bulk buyer care? Vertical integration is no promise of perfection, but it does mean fewer outside suppliers to run short during a panic, which is when bulk buyers feel supply problems hardest.

PMC Bronze is the brand's range line. In Ammunition Depot's catalog:

Note the .223 packaging: fifty 20-round boxes is a lot of cardboard per thousand. It is great for splitting with friends or grabbing a box for a short session, and slower if you load hundreds of rounds into magazines in a sitting.

Fiocchi: the Italian that mostly loads in Missouri

Giulio Fiocchi founded his company in Lecco, Italy, on July 3, 1876. It stayed wholly family-owned until 2022, when Czechoslovak Group bought a 70 percent stake. The detail that surprises American buyers is where their Fiocchi comes from. The company's US arm runs a production plant in Ozark, Missouri, and in an interview cited by Wikipedia, Carlo Fiocchi said more than 75 percent of the Fiocchi ammunition sold in the US is made there.

Fiocchi's range line is called Range Dynamics. The .223 Rem 55-grain FMJ-BT case at Ammunition Depot is new, reloadable brass with non-corrosive Boxer primers, listed at 3,240 fps, packed 50 rounds per box and 20 boxes per case. That 50-round box is a pleasant surprise in a rifle caliber, where 20-round boxes are the norm. A .45 ACP 230-grain FMJ is listed too.

Caliber coverage: where each one shows up

Brand reputation matters less than whether the brand sells your caliber by the case at all. Based on what Ammunition Depot listed when this was written:

Catalogs change constantly, so use these as a starting map and check bulk 9mm and bulk .223/5.56 for what is actually listed today.

The cost-per-round test

We do not print prices, because imported ammo is especially sensitive to exchange rates, tariffs and shipping, and any number would be stale fast. The comparison method is simple and it is the only one that counts:

  1. Build a cart for each case you are considering, at your real shipping address.
  2. Note the full delivered total, including shipping, fees and tax.
  3. Divide by the rounds in the package.

When one option is a 1,000-round case and another is an ammo-can bundle with a different count, the division is what makes the comparison honest. Then factor in what a sticker price cannot show: steel cases you cannot reload, range restrictions that might strand a case, and whether your gun has already run a box of the load.

Treat a full case of ammo like any other hazardous household item: store it locked, cool and dry, away from children and unauthorized users. Check your state and local rules on storage quantities.

What none of the three tells you

Online, each of these brands has fans who swear by it and detractors who post photos of one bad round. Neither group gives you data. No brand here publishes independent reliability statistics, and we have not tested these loads ourselves. Lot-to-lot variation is real for every manufacturer.

The fix costs one box. Before you commit to a thousand of anything, run a box through every gun that will eat it, as our testing-before-the-case guide explains. Then buy the case and log the lot number.

The decision

These three are not interchangeable, even if they sit on the same shelf. The differences that matter are case material, packaging and whether the brand sells your caliber by the case.

Pick PMC Bronze if you want new brass in 9mm, .223 and .45 ACP from a maker that controls its own components, and you do not mind 20-round .223 boxes. Pick Fiocchi Range Dynamics in .223 if you like 50-round boxes in a rifle caliber and want a US-loaded option. Pick Magtech's steel-case 9mm only if your ranges allow steel cases, you do not reload, and its delivered cost per round clearly beats the brass options. If none of those tie-breakers apply, buy the lowest delivered cost per round.

Editorial note: This is an independent editorial overview built from manufacturer specifications, retailer listings and published sources. We have not performed hands-on testing of the products discussed, and nothing here is a performance guarantee. Verify specifications, compatibility and the law where you live.

Frequently asked questions

Who makes PMC ammunition?

PMC (Precision Made Cartridges) was set up in 1982 as a subsidiary of Poongsan, a South Korean copper-alloy and defense manufacturer founded in 1968. PMC says its supplier makes every component and owns the brass mill for its cartridge cups.

Is Magtech ammo made in Brazil?

Magtech is the commercial brand of Companhia Brasileira de Cartuchos (CBC), founded in Brazil in 1926. CBC's group has plants in several countries and announced a US plant in Oklahoma in 2025, so check the box for the origin of a given lot.

Where is Fiocchi ammo made?

Fiocchi was founded in Lecco, Italy, in 1876 and runs a US plant in Ozark, Missouri. A company interview cited on Wikipedia says more than 75 percent of the Fiocchi ammo it sells in the US is made there.

Is Magtech steel-case 9mm OK for indoor ranges?

It depends on the range. Ammunition Depot lists Magtech 9AS with zinc-plated steel cases. Many ranges allow steel cases if the bullet has no steel, but some ban steel cases outright, so ask before you buy a case.

Sources and further reading

Affiliate disclosure: Some links on this page are affiliate links to Ammunition Depot. We may earn a commission if you buy through them, at no extra cost to you. Our editorial choices are not influenced by commissions. Check current price, stock and specifications directly with the retailer.