IPL Inc.
TSX : IPI.A

IPL Inc.

October 30, 2007 08:30 ET

IPL Doubles its Production Capacity for Environmental Products

SAINT-DAMIEN, QUEBEC--(Marketwire - Oct. 30, 2007) - IPL Inc. (TSX:IPI.A), one of North America's leading manufacturers of plastic products, is announcing a major investment at its Saint-Damien facility. As of next summer, IPL will benefit from a greater high-tonnage moulding capacity through the addition of a second 3,500-ton injection press. This state-of-the-art equipment will be mainly used to meet increased demand for IPL's waste management products, most notably the 360-litre and 240-litre wheeled carts. This $4.2-million investment will create approximately 10 new full-time jobs.

"The addition of this new equipment highlights the success garnered by our new, highly technical, waste management products," said Serge Bragdon, President and Chief Executive Officer of IPL. "IPL is a leader in the growing market for environmental products. This investment ensures that we will be able to respond more rapidly and accurately to any request that would result from new business opportunities stemming from our innovative technical solutions."

About IPL

IPL Inc. is one of the leading North American producers of moulded plastic products through injection and extrusion for different industrial manufacturing sectors. IPL employs more than 1,000 people in its four plants located in Saint-Damien, Saint-Lazare and Lawrenceville (Quebec), and Edmundston (New Brunswick). The Company manufactures and markets over 400 products for the packaging, materials handling and environment sectors. IPL also provides highly technical value-added custom moulding services for the automotive and transport industries, as well as for various industrial uses. Further information about IPL is available at www.ipl-plastics.com.

Forward Looking Statements

With the exception of historical information, this press release may contain declarations of a speculative nature with regard to the Company's future performance. These are made based on assumptions, uncertainties and management's best estimates with regard to future events, and are subject to certain risks factors. Such factors might include, but are not limited to, fluctuations in quarterly results, changes in customer demand for the Company's services and the impact of competitive price pressures, as well as general market trends and changing economics. Consequently, readers are advised that actual results may be different than expected results.

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