Announcing Expansion of IPGs Capstone Facility in India

INTERTAPE POLYMER GROUP ANNOUNCES THE EXPANSION OF IPG’S CAPSTONE FACILITY IN INDIA

March 15, 2021

Intertape Polymer Group Inc. (“IPG” or the “Company”), a global leader in packaging and protective solutions, today announced it has entered the next phase of its expansion plan on its manufacturing facility, Capstone, located in Karoli, India.

The Company has committed to invest approximately $10 Million USD on the expansion project to significantly increase the production output of the facility. This expansion is key to supporting its growth strategy within the Building & Construction industry including products such as Lumber Wrap and Synthetic Roof Underlayment.

This phase of the expansion will advance the project to the mid stage of its planned maturity and is expected to be completed by the end of the second quarter in 2022. The facility will house state of the art production capabilities and account for approximately 125 new positions in our Capstone operation.