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



    MISSISSAUGA, ON, Aug. 1 /CNW/ - CPI Plastics Group Ltd., ("CPI")
announced today its preliminary consolidated net sales for the three and six
months ended June 30, 2007. A summary of those preliminary sales is as follow:

    
    -------------------------------------------------------------------------
                                           Second Quarter     Year to Date
                                           3 months ended    6 months ended
    (in thousands of dollars except            June 30           June 30
    per share amounts)                       (unaudited)       (unaudited)
                                            2007     2006     2007     2006
    -------------------------------------------------------------------------
    Net Sales                              31,546   43,794   62,268   82,533
    

    Consolidated net sales for the second quarter of 2007 were $31,546,000
compared to $43,794,000 in the second quarter of 2006. For the six months
ended June 30, 2007, consolidated net sales were $62,268,000 compared to
$82,533,000 in the first half of 2006. The ongoing weakness in the U.S.
economy, and depressed housing markets, has had a significant negative affect
on the entire building products sector as well as consumer spending for home
improvements and "high ticket" discretionary items. This has had an adverse
impact across all three of the Company's business segments and resulted in
particularly lower sales of the Company's decking, fencing, hot tub cladding
and window fashion products in 2007.
    Sales for each business segment for the second quarter and first six
months of 2007 were as follows:

    
    -------------------------------------------------------------------------
    Business Segment                       Second Quarter     Year to Date
                                           3 months ended    6 months ended
    (in thousands of dollars except            June 30           June 30
    per share amounts)                       (unaudited)       (unaudited)
                                            2007     2006     2007     2006
    ------------------------------------------------------------------------
    Outdoor Living Products                14,435   22,561   26,301   39,764
    Film Products                           7,485    8,104   15,768   17,043
    Custom Products                         9,626   13,129   20,199   25,726
                                           ------   ------   ------   ------
                                           31,546   43,794   62,268   82,533
                                           ------   ------   ------   ------
    ------------------------------------------------------------------------
    

    CPI plans to release its final results for Q2 before August 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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