CPI Plastics Group Ltd. announces preliminary sales results for the third quarter of 2007



    TORONTO, Oct. 18 /CNW/ - CPI Plastics Group Ltd., ("CPI") announced today
its preliminary consolidated net sales for the three and nine months ended
September 30, 2007. A summary of those preliminary sales is as follow:

    
    -------------------------------------------------------------------------
                                  Third Quarter            Year to Date
                                  3 months ended          9 months ended
    (in thousands of dollars)      September 30            September 30
                                   (unaudited)             (unaudited)
                                 2007        2006        2007        2006
    -------------------------------------------------------------------------
    Net Sales                     25,694      33,965      87,962     116,498
    -------------------------------------------------------------------------
    

    Consolidated net sales for the third quarter of 2007 were $25,964,000
compared to $33,965,000 in the third quarter of 2006. For the nine months
ended September 30, 2007, consolidated net sales were $87,962,000 compared to
$116,498,000 in the first nine months of 2006. The ongoing downturn in the
U.S. economy contributed to the lower sales in the quarter. In particular, a
substantial decline in discretionary spending in the home improvement sector
in the U.S. has had an adverse impact on the Company's Outdoor Living Products
and Custom Products business segments resulting in lower sales of the
Company's decking, fencing, hot tub cladding and window fashion products. In
addition, the decline in the value of the U.S. dollar relative to the Canadian
dollar also negatively impacted sales compared to a year ago.
    Sales for each business segment for the third quarter and first nine
months of 2007 compared to the same periods in 2006 were as follows:

    
    -------------------------------------------------------------------------
    Business Segment               Third Quarter            Year to Date
                                   3 months ended          9 months ended
    (in thousands of dollars)       September 30            September 30
                                     (unaudited)             (unaudited)
                                  2007        2006        2007        2006
    -------------------------------------------------------------------------
    Outdoor Living Products        9,280      12,766      35,581      52,530
    Film Products                  7,429       8,634      23,197      25,676
    Custom Products                8,985      12,565      29,184      38,292
                                   -----      ------      ------      ------
                                  25,694      33,965      87,962     116,498
                                  ------      ------      ------     -------
    -------------------------------------------------------------------------
    

    Peter F. Clark, CPI's Chief Executive Officer, stated, "While the
operating environment in the U.S. remains extremely difficult, CPI has not
lost a single customer and has continued to invest in new products and
programs which will continue to position the Company as a leader in its chosen
market segments."
    CPI plans to release its final results for the third quarter on November
15th, 2007.

    CPI Plastics Group Ltd. is a Canadian-based plastics processor and a
recognized international leader in thermoplastics profile design, engineering,
processing and value added manufacturing. CPI is comprised of three key
divisions. CPI's Outdoor Living Products Group manufactures and markets eon(R)
Decking and Fencing Systems, as well as high value-added cladding and
accessory components to the outdoor hot tub industry. CPI's Film Products
Group manufactures and markets the Rack Sack(R) household refuse management
system and a wide range of branded and private label household and industrial
refuse bags. CPI's Custom Products Group supplies leading OEM manufacturers
with custom profile solutions to enhance quality, cost effectiveness and
process ability. Based in Mississauga, Ontario and Pleasant Prairie,
Wisconsin, CPI's dedicated team of over 600 employees currently manufactures
out of six plants occupying 530,000 square feet of manufacturing space and
housing over 135 extruders. To learn more about CPI, visit our website at
www.cpiplastics.com.

    %SEDAR: 00011090E




For further information:

For further information: Mr. J. David Wood, Executive Vice President and
Chief Financial Officer, (905) 795-5505

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CPI PLASTICS GROUP LIMITED

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