FORM 6-K

            SECURITIES AND EXCHANGE COMMISSION

                Washington, D.C.  20549

                Report of Foreign Issuer
        Pursuant to Rule 13a - 16 or 15d - 16 of
           the Securities Exchange Act of 1934

             For the month of September, 2003

              Intertape Polymer Group Inc.

110E Montee de Liesse, St. Laurent, Quebec, Canada, H4T 1N4

[Indicate by check mark whether the registrant files or
will file annual reports under cover of Form 20-F or Form 40-F.]

      Form 20-F                    Form 40-F    X

[Indicate by check mark whether the registrant by
furnishing the information contained in this Form is also
thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.]

      Yes                          No    X

[If "Yes" is marked, indicate below the file number
assigned to the registrant in connection with Rule
12g3-2(b):    82-______

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.

                         INTERTAPE POLYMER GROUP INC.



Date:  September 5, 2003
                         By:  /s/ Andrew M. Archibald
                              Andrew M. Archibald, Chief
                              Financial Officer, Secretary,
                              and Vice President, Administration



September 5, 2003                                   NYSE SYMBOL: ITP
                                                     TSX SYMBOL: ITP

New financing to strengthen Intertape Polymer Group Inc. balance sheet
     -  New common equity of Cdn$50.0 million
     -  Additional debt reductions
     -  Expected to be EPS non-dilutive

Montreal, Quebec - September 5, 2003 - Further to yesterday's announcement
that Intertape Polymer Group Inc. (NYSE, TSX: ITP) had entered into an
agreement to sell Cdn$50.0 million worth of common shares to a syndicate
of Canadian investment dealers, Intertape Polymer Group Inc. (IPG) Chairman
and Chief Executive Officer, Melbourne F. Yull today said: "Given the
volatile nature of capital markets over the past few years, we felt it
would be appropriate to take advantage of current market conditions to
further strengthen the financial position of the Company."  IPG's Chief
Financial Officer, Andrew M. Archibald, C.A. remarked: "The net proceeds of
this new common equity issue will be used to reduce both long-term and
short-term debt by approximately US$34.0 million.  These reductions will
be in addition to previously-announced planned debt reductions of
approximately US$ 29.0 million for 2003."  As well, Mr. Archibald noted
that at current earnings levels the Company does not expect this
transaction to be dilutive to its earnings per share.

Yesterday, IPG announced that it had entered into an agreement with a
syndicate of Canadian investment dealers under which the investment
dealers have agreed to purchase 5.0 million common shares for gross
proceeds of Cdn$50.0 million, subject to certain distribution
restrictions. The offering is scheduled to close on or about September
24, 2003.


About Intertape Polymer Group

Intertape Polymer Group is a recognized leader in the development
and manufacture of specialized polyolefin plastic and paper based
packaging products and complementary packaging systems for industrial
and retail use.  Headquartered in Montreal, Quebec and
Sarasota/Bradenton, Florida, the Company employs approximately 2,600
employees with operations in 19 locations, including 15 manufacturing
facilities in North America and one in Europe.


Safe Harbor Statement

Certain statements and information included in this release constitute
"forward-looking statements" within the meaning of the Federal Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements
of the Company to be materially different from any future results,
performance or achievements expressed or implied in such forward-looking
statements. Additional discussion of factors that could cause actual
results to differ materially from management's projections, estimates
and expectations is contained in the Company's SEC filings. The Company
undertakes no duty to update its forward- looking statements, including
its earnings outlook.


FOR INFORMATION CONTACT:		Melbourne F. Yull
Chairman and Chief Executive Officer
					Intertape Polymer Group Inc.
Tel.: 866-202-4713
E-mail:itp$info@intertapeipg.com
Web: www.intertapepolymer.com




PRESS RELEASE

Montreal, Quebec, September 4, 2003 - Intertape Polymer Group Inc. announced
today that it has entered into an agreement with a syndicate of investment
dealers led by TD Securities Inc. under which the syndicate has agreed to
purchase 5,000,000 common shares of the Company at a price of $10.00 per
share, for gross proceeds of $50,000,000.  In addition, the syndicate has
the option, until closing, to purchase up to an additional 750,000 share
which, if exercised, would increase the offering to $57,500,000.  The
offering is scheduled to close on or about September 24, 2003.

The net proceeds of the offering will be used towards reducing corporate
indebtedness and for other general corporate purposes.

The common shares will not be registered under the U.S. Securities Act
of 1933 (the "Securities Act") and may not be offered or sold within the
United States or to, or for the account or benefit of, U.S. persons except
in certain transactions exempt from the registration requirements of the
Securities Act to "qualified institutional buyers" and to a limited number
of other institutional "accredited investors" pursuant to Section 4(2) of
the U.S. Securities Act of 1933.



For information, call:

Melbourne F. Yull
Chairman and Chief Executive Officer
(941) 727-5788


NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S.


TD Securities