ANDRITZ to supply Europe’s largest FibreFlow drum pulper to DS Smith’s paper mill in Porcari, Italy

Intertape Polymer Group is proud to announce the exclusive distribution partnership in the US and Canada with IMA Group, a world leader in the design and manufacture of automatic packaging machines. IMA Group established a new IMA E-COMMERCE Division, specifically dedicated to the e-commerce market in response to the increasing demand for online shopping and growing importance of that segment in today's economy.

Q3 2020 Highlights: *Net Sales were $1,697.7 million versus $1,581.6 million in the prior year period. *Net organic sales increased 4.2% in the quarter and increased 3.5% for the first nine months of 2020 versus the prior year period. *Net Income was $63.7 million versus $52.1 million in the prior year period. *Global liquidity was $1,557.1 million at quarter end. *Returned $366.7 million to stakeholders in share repurchases, dividends, partnership distributions and redemptions; included $89.9 million in common shares repurchased during the quarter.

Imaflex Inc. is pleased to announce that it has signed equipment purchase agreements over the past quarter for three new co-extrusion blown film lines ("extruders") to help meet heightening demand for its products. "In recent years Imaflex has seen consistent, profitable growth in its Canadian and U.S. operations," commented Mr. Joe Abbandonato, President and Chief Executive Officer of Imaflex. "During this time, we have been upgrading all major extrusion lines in order to meet heightening market demand for enhanced film quality, which permits our converting customers' equipment to run at ever increasing speeds. Simultaneously, and as forecasted, we successfully reached our goal of selling out the capacity of our higher margin 5-layer line. Demand has been so robust on the niche products we created for this line that we recently purchased three new co-extruders." They are expected to generate additional extrusion capacity of between 12 to 15 million pounds per year, depending on product mix. Once an extruder is installed and fully operational, it should be fully utilized within 18 months. Barring any supply chain challenges, the extruders are expected to arrive at varying intervals ending the second quarter of 2023.