201:. In 1801, Crane was founded by Zenas Crane, Henry Wiswall and John Willard. It was the very first paper mill in the United States west of the Connecticut River. The company's original mill had a daily output of 20 posts (1 post = 125 sheets). Shortly after, in 1806, Crane began printing currency on cotton paper for local, as well as regional, banks, before officially printing for the government. In 1844 Crane developed a method to embed parallel silk threads in banknote paper to denominate notes and deter
220:. Tower, a native of Dalton, would remain connected to the development of the company throughout his career, having gotten his first start in mill architecture working as an apprentice to rebuild Zena Crane's Red Mill in 1846. Crane produced both the yellow (issued in 1883–1884) and the white (1884–1894) watermarked security papers for the nation's
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MOTION SURFACE, introduced in 2017, is based on miniaturized MOTION micro-optic lenses that produce fluid movement and three dimensional effects. It is applied as a stripe as opposed to being integrated as a thread in paper. Therefore, MOTION SURFACE can be applied in the printing works on all manner
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Originally, the operations making paper for writing and for currency were closely related, however they became more independent over the decades. By the 2010s, the company had been making stationery items in North Adams, Massachusetts for some time, while the currency business was centered in Dalton.
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t the age of thirteen years became an apprentice of a local millwright. In 1846 he was employed on work being done in connection with the rebuilding of the old Red Mill, erected at Dalton...by Zenas Crane...Among the mills designed by Mr. Tower are the four Crane paper mills at Dalton, in which all
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and related trademarks. In 2018, Mohawk Fine Papers purchased Crane
Stationery. Mohawk is a family-owned company headquartered in Cohoes, New York. In 2020, Mohawk announced its intention to close the North Adams factory, citing market disruptions due to the COVID-19 pandemic. Noting that some paper
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In 2016, Crane announced plans to build a new banknote printing facility and customer experience center in the country of Malta. The facility is 15,000 square meters in size with space for three print lines. The "state-of-the-art" $ 100 million facility was announced on
Wednesday, September 21, 2016
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In 2014, Crane introduced its second security thread based on its micro-optic technology. The smaller lenses used in RAPID micro-optic thread enable even faster movement and high color contrast. RAPID uses dynamic movement as the key to easy authentication. Fast moving and unambiguous movement with
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supplies central banks with design services, currency papers, and banknote printing services as well as anti-counterfeiting technology to issuing authorities and brand owners. Crane
Currency is headquartered in Dalton, Massachusetts. The company was originally named
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article revealed that the US Bureau of
Engraving and Printing would use the new security thread containing "650,000 tiny lenses" (now believed to be over one million lenses per inch of thread). It is currently being used on the
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companies had fared quite well during the pandemic, the chief executive of Mohawk said "If you are making toilet paper, you are a winner..." Mohawk planned to manufacture items under the Crane trademarks at its Cohoes factory.
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Stationery sales accounted for less than 10% of the company's revenue. In 2015, the company spun off its stationery division, via a management buyout. The new company retained the North Adams factory, as well as
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RAPID Vision is the first security thread exhibiting secure, multicolor movement effects. It was introduced in 2023, and has since been used in banknotes issued in Guyana, Kazakhstan, and Poland.
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Crane NXT is a publicly traded company (NYSE = “CXT”). Besides Crane
Currency, it owns businesses that provide electronics and associated software for payment systems and merchandising. It owns
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security technology is used to protect high value banknotes from counterfeiting worldwide. The design involves a micro-lens array interacting with graphics far smaller than any
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Stephen Crane was the first in the Crane family to become a papermaker, buying his first mill, "The
Liberty Paper Mill," in 1770. He sold currency-type paper to engraver
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in
Washington, D.C. To shore up resources for this contract, Crane expanded its capacity with four new mills engineered by world-renowned mill architect
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In 2023, Crane
Currency and its sister company Crane Payment Innovations (CPI) formed Crane NXT (NYSE: 'CXT') separating from Crane Co. (NYSE: 'CR').
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336:. This purchase gave Crane exclusive control of the MOTION micro-optic security technology that is used for the protection of banknotes.
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noted an advertising campaign for Crane writing papers. The advertisements presented examples of letters written by fictional people.
232:(1887–1891), and Dunlap & Clarke (1891–1894). In 1922, Crane & Co. incorporated, with Frederick G. Crane elected as president.
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Lockwood, John H.; Bagg, Ernest Newton; Carson, Walter S.; Riley, Herbert E.; Boltwood, Edward; Clark, Will L., eds. (1926).
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banknote, released in 2006, was the first banknote to use Crane's MOTION technology. A 2007
640:"Mohawk moving up to $ 20 million in manufacturing work from Massachusetts to New York"
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224:. These early money orders were produced for sale throughout the postal system by the
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the money paper for the United States
Government has been made for over forty years.
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Banknotes, currency paper, security features for protection against counterfeits
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In 2008, Crane acquired Visual
Physics, a subsidiary of Nanoventions, based in
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500:"Currency printer to open $ 100m facility in Malta, Prime Minister announces"
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670:. Vol. 31, no. 2. Crain Communications, Incorporated. 1960-01-11.
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476:. Vol. IV. New York & Chicago: Lewis Historical Publishing, Inc.
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664:"Crane & Co. Stationery Ads Hint at Write-It-Yourself Correspondence"
558:"Crane NXT, Co. 1Q23 Results Ahead Of Expectations; Raises FY23 Guidance"
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739:"Federal Reserve Announces Day of Issue of Redesigned $ 100 Note"
583:"Crane stationery division to break off from currency operations"
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770:"Crane CEO Talks Foreign Expansion and Future of Paper Currency"
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just a modest tilt of the note are the feature's trademark.
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In 2017 Crane Currency was sold to Crane Co., now known as
30:"Crane & Co." redirects here. Not to be confused with
615:"Crane Stationery sold to Mohawk Fine Papers in New York"
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On paper: The everything of its two-thousand-year history
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won a contract to deliver U.S. currency paper to the
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741:. U.S. Currency Education Program. April 23, 2013
243:(Riksbank) and operates this today as Crane AB.
843:Privately held companies based in Massachusetts
247:by then Maltese Prime Minister Joseph Muscat.
823:Pulp and paper companies of the United States
527:"Crane Currency to be sold for $ 800 million"
8:
37:
813:Manufacturing companies established in 1801
92:Zenas Crane, Henry Wiswall and John Willard
27:Manufacturer of cotton based paper products
710:"$ 100 bill getting a high-tech face lift"
473:Western Massachusetts, A History 1636-1925
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397:Crane and Company Old Stone Mill Rag Room
808:Manufacturing companies based in Boston
581:Dobrowolski, Tony (December 10, 2015).
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828:American companies established in 1801
525:Dobrowolski, Tony (December 5, 2017).
235:In 2002, Crane purchased the company
116:Sam Keayes, President, Crane Currency
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798:1801 establishments in Massachusetts
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329:design released on October 8, 2013.
768:Levulis, Jim (September 22, 2016).
638:Cooper, Robin K. (July 17, 2020).
197:, who printed paper money for the
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359:Winthrop M. Crane Jr. (1923–1951)
344:of substrates including polymer.
818:Paper money of the United States
613:Dobrowolski, Tony (2018-04-05).
591:. Pittsfield, MA. Archived from
368:Benjamin J. Sullivan (1975–1986)
214:Bureau of Engraving and Printing
356:Frederick G. Crane (1922–1923)
182:
1:
377:Charles Kittredge (2007–2011)
445:. New York: Vintage Bpooks.
383:Annemarie Watson (2018–2020)
75:; 223 years ago
803:Banknote printing companies
685:"Crane Currency Technology"
441:Basbanes, Nicholas (2014).
380:Stephen DeFalco (2011–2018)
371:Thomas A. White (1986–1995)
226:Homer Lee Bank Note Company
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230:American Bank Note Company
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386:Sam Keayes (2020–present)
374:Lansing Crane (1995–2007)
290:Crane Payment Innovations
208:In 1879, Crane grew when
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644:Albany Business Review
468:"Tower, David Horatio"
241:Central Bank of Sweden
166:www.cranecurrency.com
101:Dalton, Massachusetts
66:Dalton, Massachusetts
292:and OpSec Security.
135:450 million+ (2018)
838:American stationers
619:The Berkshire Eagle
588:The Berkshire Eagle
532:The Berkshire Eagle
417:"Crane's - History"
141:Number of employees
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720:. August 27, 2007
452:978-0-307-27964-4
305:Crane Currency's
228:(1883–1887), the
210:Winthrop M. Crane
199:American Colonies
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252:Crane Holdings
218:David H. Tower
203:counterfeiting
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833:Crane family
777:. Retrieved
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689:the original
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222:Postal Notes
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97:Headquarters
365:(1951–1975)
363:Bruce Crane
195:Paul Revere
792:Categories
745:2020-07-06
724:2010-03-06
695:2010-03-06
649:2023-12-28
624:2023-12-28
599:2021-10-19
567:2023-12-28
539:2017-12-06
511:2016-09-22
427:2007-09-16
403:References
327:$ 100 bill
237:Tumba Bruk
112:Key people
482:988211712
284:Crane NXT
274:In 1960,
239:from the
183:Crane NXT
156:Crane NXT
32:Crane Co.
714:NBC News
391:See also
296:Products
121:Products
52:Industry
189:History
162:Website
129:Revenue
89:Founder
78: (
62:Founded
562:Forbes
480:
449:
318:kronor
307:MOTION
301:MOTION
151:Parent
145:1,200+
73:(1801
56:Paper
781:2016
774:WAMC
478:OCLC
447:ISBN
133:US$
105:U.S.
80:1801
70:U.S.
185:.
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
