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Hafner shuts down plant

By Furniture Today Staff -- Furniture Today, March 23, 2008

Granby, Quebec — Canadian textiles producer Hafner Inc said last week it will cease operations at its weaving plant here on May 2, effectively ending its furniture fabric sales in Canada and the United States.

In a brief news release, the company cited "the American recession, mortgage loan crisis in the United States and unfavorable exchange rate of the American dollar (that) have had harmful consequences for Hafner Inc. It is with deep regret that Hafner Inc. announces its closing."

The closing will affect about 70 jobs, the company said.

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