Intertape Polymer Group Inc

Description

Intertape Polymer Group Inc is a global manufactuer and distributor of packaging products such as tapes, shrink films, etc.

The packaging products offered by the firm are used for various industrial, retail and commercial purposes.

It is Toronto Stock Exchange-listed company, whose common stocks trade under the symbol ‘ITP’.

The IPG Group provides a wide range of paper-based and film-based pressure-sensitive and water-activated tapes such as:
• Acrylic
• Hot melt and natural rubber carton sealing tape
• Duct tapes
• Double-coated tape
• Foil tape
• Flatback tape
• Filament and mop tape
• Electrical tape
• Masking tape

The Canada-based packaging company also provides polyethylene films, specialized polyolefin films protective packaging, and engineered coated products such as polyethylene tape, shrink film, stretch film, retail and specialty products, tape dispensers, mailers, VCI anti-corrosion packaging and specialty fabrics.

Intertape Polymer Group Inc provides packaging machinery and equipment for industrial and retail use such as carton sealing machinery, roof underlayment, membrane structure fabric (Novashield), lumber wrap, house wrap/ flashing, geomembrane, stencil products, etc.

The Canadian company claims to provide innovative packaging solutions to multiple businesses engaged in the following markets:
• Aerospace
• Appliance
• Auto aftermarket
• Building and construction
• Electrical and electronic
• Emergency response
• General manufacturing
• Moving and storage
• HVAC
• Remediation and restoration
• Structure and fabric solutions
• Transportation
• Food processing
• Consumer
• E-commerce companies
• Automotive

The group’s corporate headquarters are located in Montreal, Canada, while its executive headquarters is in Sarasota, Florida, the United States.

The ITP Group owns and operates approximately 31 manufacturing, machine assembly and distribution facilities across its different geographical segments. It comprises 21 facilities in North America, four facilities in Asia (mainly in India) and one facility in Europe.

In March 2021, the packaging solutions provider claims to invest USD $10 million for the expansion of its India-based manufacturing facility, Capstone. With this project, the company aims to grow in the construction and building sector by increasing the production of synthetic-based underlayment sheets and lumber covers.

On May 3, 2021, IPG launched Curby Mini-Taper, a water-activated tape dispenser, to reportedly help small and new e-commerce retailers in safe delivery of their products to the final consumers.

In addition, the Canada-based packaging solutions provider also launched a heavy-duty tape that is reportedly fire retardant and offers high protection, the company claims. It further says that the tape is ideal for use in various markets such as marine, schools and hospitals, shipyards and laboratories.