Hafner to exit furniture fabric market
March 19, 2008-- Home Textiles Today,
Granby, Canada -- Textiles producer Hafner Inc. said 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.
The company did not immediately respond to questions on the operation of a warp knit plant, which makes knots for swimwear, active wear and undergarments, or on a spinning plant that makes yarns. There also was no word on the future of intellectual properties it might hold.
The company has been in business since 1954 and according to published sources, employed 160 people in its weaving plant just a few years ago.
(Reported by Gary Evans, senior editor at Furniture Today, a HTT sister publication.)
Related Content By Author
Industry Related Content
Live from Intertextile in Shanghai