A new technique for the production of rapidly solidified ribbons is presented: centrifuge melt spinning (CMS). CMS improves conventional melt spinning by reaching cooling rates higher than 106 K s-1, the highest value reported for already existing melt spinning machines. A rotating crucible which contains a molten alloy is employed. Due to the centrifugal force, the alloy is expelled from the crucible to solidify onto the surface of a rotating substrate. The cooling substrate is a copper rim which rotates in the opposite direction. As the alloy stream impacts on the rim surface, a molten puddle is formed, from which the rapidly solidified ribbon is extracted, as a result of the counter-rotation of the crucible and the substrate. CMS reaches cooling rates as high as 108 K s-1, due to improved thermal contact of the molten alloy puddle and the cooling substrate, and to a beneficial combination of crucible and substrate velocities, thus yielding high extraction velocities of the ribbons from the melt.