Overseas Sourcing Spells End for Stinehour Press
LUNENBURG, VT—Citing an inability to compete with cheaper foreign production costs, Stinehour Press closed its doors Monday, leaving 21 people without work, according to the Associated Press. Stinehour CEO Warren Bingham said the book printing company could not afford the $3 million investment in digital printing technology required to remain competitive.
Stinehour Press is working with the Vermont Department of Labor to help employees find new jobs. While the company plans to liquidate its assets, Bingham told the Burlington (VT) Free Press that the firm would still be a viable business with the right investment.