Intertape Polymer Group
Shrink-film and duct-tape maker Intertape Polymer Group Inc. is blaming competitive pressures and volatile costs for a North American reorganization that will see work shifted from its plant in Truro, N.S., to a facility in Utah.
The Montreal-based manufacturer said Tuesday its shrink-film business in Truro will be transferred to Tremonton, Utah, creating a single North American factory for shrink film.
The Truro plant will continue to make woven fabric products. There were no details on how many people will be affected by the changes.
"Considering competitive pressures, market conditions and the volatility of input costs, we are continuously reviewing and analyzing all aspects of our operations," Intertape Polymer president and chief executive officer Greg Yull said in a statement.
"The process will be seamless to customers and we do not anticipate any significant impact on our revenues," he said in a news release.
Intertape operates 19 facilities that employ about 1,800 people.
Raw material inputs include natural gas, oil, paper, rubber and resin. The company, founded in 1981, grew rapidly starting in the 1990s but ran into trouble when the financial crisis hit. Mr. Yull took over from his father, Mel, in 2010.
Intertape Polymer's main rival is industrial giant 3M.
Bertrand Marotte