in printing, red ink ahead?

by:Kenwei      2019-08-21
The printing industry is the second largest business in New York City, and due to soaring labor and rental costs, it is becoming less and less imprinted on its own balance sheet.
Industry insiders estimate that labor costs have risen by 100 over the past five years, while rental spending has risen.
So, although the price charged since 1965 has risen by 25 percentage points, the industry\'s profit in New York this year will fall by 20 percentage points from 1969 to about $60.
The worst is yet to come.
Industry insiders predict that as a result of a three-year contract settlement with printed empoyes in October, their profits will decline more in the next two years, which will increase the salary contract.
This includes an increase of 16 to 20 age points this year.
More than 3,000 graphic art enterprises in the five boroughs provide over $2 billion in print materials to advertising companies, publishing companies, financial institutions and other industries each year.
Professional printers directly serve the printing market, the stock exchange and the financial community, the legal profession and the fashion industry.
The printing and publishing work in these factories is about 150,000 people per son.
The largest number of printing plants in New York are located in the city center, near Manhattan, the Dutch tunnel on Canal Street, extending to Houston and Warwick Street.
Some of them are also concentrated in the eastern Forties, Long Is land City in Queens.
The printing factory here employs an average of 20 employees per son, covering an area of about 4,000 square feet on the first floor.
A typical printing factory consists of five printing machines, typesetting machines, printing machines, cameras, cutting folding machines and drill bits.
Leading Graphic art companies in the city include the financial printer Sorg printing Corpo ration; Bowne & Co.
And the publisher\'s computer services, both of which provide modern computer text manufacturing;
Ampco printing advertising company, web printing manufacturer and Hygrade Printing Company, a large-scale producer of commercial form systems.
Last week, in an interview, Robert Lane, president and chairman of the printing industry of New York Metro Politan
The trade group in the industry pointed out that he led to an increase in labor and rental costs, and now the concern in the graphic arts industry in New York is \"only half of what it was five years ago. ”Mr.
Ryan said that due to the \"lower labor and rental costs there, most companies have moved to Nassau, Su Fu and Westchester Cohn ties or New Jersey.
The printing supervisor pointed out that other factors that prompted the printing company to move to the suburbs included an increase in the processing cost of transferring printing products to customers, income tax and occupational crime tax in New York City, inadequate help, and difficulty in obtaining appropriate room for expansion.
\"A printing factory in New York can only expand horizontally and not horizontally.
This has increased our production costs and forced many companies to leave the city . \"
He predicted New York\'s share of the national printing market.
About 18 cents now.
Unless the cost reduction and suburban trend stop, it will fall to 1980. Mr.
The printing plant must become a professional, not a \"Jack from all walks of life\", in order to continue to operate, and must increase the use of computers, automated packaging equipment and electronic products, Lane said, especially in the typesetting of letter printing and graphic methods such as off set litography.
Printing Group presi dent also noted that the concerns of some printing companies in the field remain.
New York sales office.
In many cases, the initial and introductory pricing of these sales offices is well below the prices offered by the factory located here, but \"in fact, these prices are factors that attract customers.
Interested \". Lane as se? ? ted.
He claims that in urban printing companies that provide media operations, New York-style printing services must eventually price their products above or even higher than those offered by New York printers, because they add additional overhead in maintaining the New York sales office and local advertising pro grams. Mr.
Ryan was interviewed at the monthly meeting of the young print Executive Club, which is held on the first Monday of each month at the Stover restaurant on 42th Street and Park Avenue.
The increase in paper and ink costs is another problem that plagues the printing industry.
A recent survey by the accounting firm, Ernst & Ernst, for the labels of the National Association of Manu facturers shows that paper prices have risen by 8 cents to 21.
2 cents per pound this year.
Label manufacturers are a major component of the printing business.
They produce labels for cans, glass cans and other packages, because 48 of the total cost of the label manufacturer is the cost of paper.
The rise in paper costs has significantly affected product costs.
Trade sources note that ink prices have risen by an average of 25 over the past few years, and some have risen by 50 to 60.
The biggest customers in the printing industry are banks, insurance companies, brokerage companies, advertising companies and industrial companies.
The fastest growing segment of the industry is the printers of business forms, books and publications.
Increased demand by local, state and federal governments, as well as individuals, for record keeping has stimulated demand for business forms, although the increasing educational needs of the population and the ever-expanding enrollment of schools, increased demand for books and publications.
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