8-K

                          SECURITIES AND EXCHANGE COMMISSION

                              Washington, D.C. 20549


                                      FORM 8-K


                                   CURRENT REPORT




       Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934

                                      October 3, 2003
                 Date of Report  (Date of earliest event reported)


                             Plymouth Rubber Company, Inc.
                (Exact name of registrant as specified in its charter)



             Massachusetts            1-5197                  04-1733970
      State or other jurisdiction) (Commission    (IRS Employer of incorporation
                                    File Number)             Identification No.)



              104 Revere Street, Canton, Massachusetts           02021
             (Address of principal executive offices)         (Zip Code)



                                       (781) 828-0220
                    Registrant's Telephone Number, including area code



                                             None
             (Former Name or Former Address, if changed since last report )



Item 7. Exhibits


( c)  Exhibits:


Exhibit No.     Description


99.1            Press release issued by Plymouth Rubber Company, Inc.
                on October 3, 2003 reporting financial results for the
                third quarter of fiscal 2003.



Item 12.  Results of Operations and Financial Condition.

The Company is furnishing a press release that was issued on October 3, 2003
reporting financial results for the third quarter of fiscal 2003, a copy of
which is attached hereto as Exhibit 99.1.











                                       1






                                      SIGNATURES



Pursuant to the provisions of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized







                              PLYMOUTH RUBBER COMPANY, INC.
                                      (Registrant)



Date:  October 3, 2003                    By  /s/ Joseph J. Berns
                                              Joseph J. Berns
                                       Vice President-Finance and Treasurer


                                       2

EX-99

Exhibit 99.1


Press Release

PLYMOUTH RUBBER COMPANY, INC. REPORTS FINANCIAL RESULTS FOR
THE THIRD QUARTER OF FISCAL 2003

CANTON, Mass., October 3, 2003 -- Plymouth Rubber Company, Inc.
(the "Company" ---  Amex: PLR.A - News, PLR.B - News) announced
today financial results for the third quarter of fiscal 2003
ended August 29, 2003.

Sales for the third quarter of fiscal 2003 decreased 6.4% to
$15,970,000, from $17,061,000 last year.  Net income for the
third quarter of fiscal 2003 decreased to a loss of $1,118,000,
or a loss of $0.54 diluted earnings per share, from a profit of
$509,000, or a profit of $0.23 diluted earnings per share last
year.

For the first nine months of 2003, sales were $47,800,000, a 2.2%
decrease from $48,856,000 last year.  Net income for the first
half decreased to a loss of $2,682,000, or a loss of $1.30
diluted earnings per share, from a profit of $1,100,000, or a
profit of $0.52 diluted earnings per share last year.  The first
nine months of fiscal 2002 included a $187,000 tax benefit from
carryback of net operating losses.

 "Despite higher sales of electrical tapes, our third quarter
sales were extremely disappointing, mostly due to temporary
production cutbacks in the U.S. auto industry, and to delays in
highway construction funding", stated Maurice J. Hamilburg,
Plymouth's President and Co-CEO.  "In September, our sales have
been stronger and our backlogs have grown.  We have recently made
additional expense cuts which, when combined with higher volumes,
should produce considerable improvement in our fourth quarter."

Plymouth Rubber Company, Inc. manufactures and distributes
plastic and rubber products, including automotive tapes,
insulating tapes, and other industrial tapes and films. The
Company's tape products are used by the electrical supply
industry, electric utilities, and automotive and other original
equipment manufacturers. Through its Brite-Line Technologies
subsidiary, Plymouth manufactures and supplies highway marking
products.
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities and Exchange Act of 1934. The Company's
actual results could differ materially from those set forth in
the forward-looking statements as a result of various factors,
including those referenced in the "Management's Discussion and
Analysis" section of the Company's most recent Quarterly Report
on Form 10-Q and Annual Report on Form 10-K which are on file
with the SEC.

Contact:
Joseph J. Berns
Vice President -- Finance
(781) 828-0220 Ext. 1377
Source: Plymouth Rubber Company, Inc.

<< Table Follows >>

                        Plymouth Rubber Company Reports Financial
                       Results for the Third Quarter of Fiscal 2003

                                     (Continued)

                    (in Thousands, Except Share and Per Share Amounts)
                                     (Unaudited)


                         Third Quarter Ended       Nine Months Ended
                       -----------------------  -----------------------
                          Aug. 29,    Aug. 30,     Aug 29,     Aug. 30,
                          2003         2002         2003       2002 (a)
                       ----------   ----------  -----------   ----------
Net Sales              $   15,970   $   17,061  $    47,800   $   48,856
                       ==========   ==========  ===========   ==========
Net Income (Loss)      $   (1,118)  $      509  $    (2,682)  $    1,100
                       ==========   ==========  ===========   ==========
Per Share Data:

Basic Earnings Per Share:

Net Income (Loss)      $    (0.54)  $     0.25  $     (1.30)  $     0.53
                       ==========   ==========  ===========   ==========
Weighted average shares
 Outstanding            2,058,976    2,058,976    2,058,976    2,058,976
                       ==========   ==========  ===========   ==========

Diluted Earnings Per Share:

Net Income (Loss)     $     (0.54) $      0.23  $     (1.30)  $     0.52
                       ==========   ==========  ===========   ==========
Weighted average shares
 Outstanding            2,058,976    2,207,260     2,058,976   2,104,666
                       ==========   ==========  ===========   ==========

(a) includes $187,000 tax benefit from carryback of net operating
losses.