The carpet-maker's shares fall 21 cents to $1.55 on the NZX and have shed almost 20% this year. 

Cavalier Corp is closing a yarn spinning plant in Onehunga, where about 90 people are employed.

Cavalier Corp is closing a yarn spinning plant in Onehunga, where about 90 people are employed.

New Zealand shares fell, led by Cavalier, after the carpet maker said charges to restructure its carpets business may wipe out profits this year.