SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C.  20549


                            FORM 6-K

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

                 For the month of August, 2004

                Commission File Number 1-10928

                 INTERTAPE POLMER 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 if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):  __________

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):  __________

Indicate by check mark whether by furnishing the information contained in this
 Form, the registrant 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-______

The Information contained in this Report is incorporated by reference into
Registration Statement No. 333-109944



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:  August 5, 2004           By:  /s/Andrew M. Archibald
                                     Andrew M. Archibald, C.A., CFO,
                                     Secretary, Vice President
                                     Administration



                                                              TSX SYMBOL: ITP

           Intertape Polymer Group Inc.  Completes Refinancing

Bradenton, Florida, August 5, 2004.  Intertape Polymer Group Inc. ("IPG")
announced that yesterday it funded its new $275.0 million senior secured
credit facility, consisting of a $200.0 million term loan and a $75.0 million
revolving credit facility.  The senior secured credit facility has been
guaranteed by and secured by a first lien on the assets of IPG and
substantially all of its subsidiaries.

IPG, through its wholly-owned subsidiary IPG (US) Inc., used the proceeds
from the term loan, together with the proceeds from the private placement
of debt securities which was completed July 28, 2004, to repay all
existing bank indebtedness, to redeem all three series of existing senior
secured notes, to pay related make-whole premiums, accrued interest and
transaction fees, and to provide IPG with approximately $20.0 million
in cash.  The new $75.0 million revolving facility has not been drawn.

The $200.0 million term loan has been provided by a bank syndicate.
It has a seven year term and will bear interest at a rate of Libor plus
2.25%.   The term loan is repayable by twenty-three quarterly amounts of
$0.5 million each commencing December 2004 and four final quarterly
payments of $47.125 million.  The $75.0 million revolving credit facility
has also been obtained from a bank syndicate.  It has a term of five
years, is committed and bears interest at an initial rate of Libor plus
2.75% for U.S. dollar revolving loans and an initial rate at the BA
Rate, plus 2.75% for Canadian dollar revolving loans.   The rate for the
revolving credit facility is subject to adjustment based on IPG's
leverage ratio.

About Intertape Polymer Group Inc.

IPG 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, IPG
employs approximately 2600 employees in 16 locations, including 12
manufacturing facilities in North America and one in Europe.

Safe Harbor Statement

Certain statements in this news release that refer to future events or
other non-historical facts are forward-looking statements as defined
in the Private Securities Litigation Reform Act of 1995.  These
forward-looking statements are based on assumptions believed by
management of IPG to be reasonable; however, they are inherently
uncertain and difficult to predict.  Such forward-looking statements
involve risks and uncertainties, a discussion of which is contained in
IPG's SEC filings.  Should one or more of the these risks or
uncertainties materialize, or should underlying assumptions or estimates
prove incorrect, actual results may vary materially from those described
herein as expected, intended, estimated, anticipated, believed or
predicted.


SOURCE:	Intertape Polymer Group Inc.
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