The hottest traditional printing enterprises have

2022-08-08
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Traditional printing enterprises have not died out: New York Centennial printing company has survived.

Fitch group was founded in 1886 and has maintained its vitality, although hundreds of New York printing stores have closed. John Fitch III almost lost his business. When his headquarters at 130 Cedar Street in the world trade center was destroyed in the September 11, 2001 incident, it was only one of the serious challenges he had to overcome. He wanted to continue to operate a 127 year old printing company in New York. The Washington Post sold a mere $250million to jeffbezos, an Amazon tycoon, last week, and is expected to change in the next few years, which is a good reminder of the fall out of favor of the printing industry. In the recent 1980s and early 1990s, the printing industry ranked among the top manufacturing industries in New York, with thousands of employees. The printing area of the city, surrounded by Warwick street, is crowded with print shops. Today's printing area has lost its respected customers: the printing industry has also become the epitome of its predecessor. In the past decade, due to shrinking demand, rising rents and radical technological changes, hundreds of enterprises, many of which are family businesses, have closed down or moved out of the city. But in the ruins, Fitch group, one of the oldest existing printing enterprises in the city, can be traced back to 1886. Now at the helm of the fourth generation of Fitch group, it is still amazing to exist, and continues to seek and expand its business. The fruits of a bumper harvest will not be delivered automatically, said 71 year old John Fitch. You have to pick it up. Fitch attributed part of the reason for its survival to its commitment and reputation in Manhattan. Although the cost is high, it can ensure that it is close to its main business, that is, financial services companies. Even so, Fitch is far from being able to complete a variety of mechanical properties experiments of plywood, particleboard, medium density fiberboard and other boards. In the 1980s and 1990s, its annual income was as high as $12million, and the company employed about 75 workers. Today, sales are expected to be $6million, and the company has only 3 employees. Yu Kai, Secretary of the Party committee of China Automotive Technology Research Center, pointed out 0 in his speech. Over the years, Fitch group has evolved into a complete financial services printing company, mainly producing various documents, brochures, investment banks and mutual fund prospectuses. However, this business has been impacted to a certain extent, because more and more enterprises choose to give up printing or choose a smaller number of prints when disseminating information. Now, Fitch faces another threat: high-tech enterprises have moved to their offices, and the demand for space is increasingly strong, so the company's rent has increased by 80%. Will Fitch survive? It is not clear whether John Fitch IV, the son of John Fitch in his 20s, will continue the family heritage, or whether the company can continue to overcome difficulties. We hope so, pavlidys said. We will wait and see

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