Consumables
Intertape Polymer Group Enhances Production of Solvent Products
Wednesday 10. September 2008 - Intertape Polymer Group Inc. (TSX:ITP)(NYSE:ITP) ("Intertape" or the "Company") today announced the start-up of its in-house solvent coater at the Company's Brighton, Colorado facility.
The coater will support the low cost manufacture of products, such as natural rubber carton sealing tape, which the Company had been purchasing from third party suppliers. The added coating capacity permits the expansion of sales, allows the growth of existing products, and boosts the capability to rapidly and cost-effectively bring to market new products developed by Intertape’s R&D and marketing departments. Intertape is the only domestic manufacturer of all four carton sealing tape adhesive technologies, providing a single source for world class box closure solutions.
“This is one of several initiatives we are taking within our Tapes and Films Division to enhance profitability. In addition to the benefits of now controlling our own solvent adhesive production and coating, the coater will utilize in-house film for total cost optimization, and allow more efficient development and commercialization of new products. Intertape should begin to reap the benefits of this start-up by the end of the third quarter,” stated Mary Jo Francis, Director of Marketing and Product Management for BOPP Packaging Tapes.