Canam Manac to shut Ontario van plant

Newswire

MONTREAL, May 29 (Reuters) - Manac, a division of Canam Manac Group Inc. , said on Thursday it will shut its Orangeville, Ontario, van plant for 25 weeks starting July 10, a move that will affect 235 jobs. The Quebec City area-based steel products maker blamed the temporary shutdown on "continued stringent economic circumstances prevailing in the North American semitrailer industry" and the major fluctuations of the Canadian dollar versus the U.S. currency. Production will be centralized ...

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