|
|
Article: The Backup files; A look back at the week in business.(MONEY)
- Article from:
- Telegram & Gazette (Worcester, MA)
- Article date:
- June 7, 2009
CopyrightCOPYRIGHT 2009 Worcester Telegram & Gazette. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Martin Luttrell
COLUMN: THE BACKUP FILES
Sun sets on one manufacturer, dawns on another
After 198 years of printing cloth at its Webster fabric plant, Cranston Print Works' machines are idle, its workers, who once numbered about 700, now laid off or transferred to other locations. The company, whose products ironically included thousands of American flags, has shifted its textile printing to operations in China, South Korea, Taiwan and Pakistan, and already shuttered operations in North Carolina and Rhode Island.
Meanwhile, a Swedish-born scientist and entrepreneur is looking to recharge the state's economy and contribute to ...