Intertape Polymer to invest $ 20 mn in India to expand packaging tapes capacity

“We believe that it is critical to IPG’s growth that we expand from being a primarily North American producer to becoming a greater participant in the global market. This transaction materially furthers IPG’s strategy to expand globally due, in part, to Powerband’s presence in virtually every significant global market, as well as providing IPG with the benefit of access to a low cost and high growth jurisdiction,” said Greg Yull, IPG’s president and chief executive officer, on the occasion of acquiring stake in Powerband in September 2016.

Intertape Polymer Group Inc is one of the leading players in the development, manufacture and sale of a variety of paper and film based pressure-sensitive and water-activated tapes, polyethylene and specialised polyolefin films, woven coated fabrics and complementary packaging systems for industrial and retail use. The company employs approximately 2,200 employees with operations in 18 locations, including 12 manufacturing facilities in North America, one in Europe and one in India.