Plastics News - November 9, 1998 CPI Expanding Extrudawood Licensing MISSISSAUGA, ONTARIO - CPI Plastics Group Ltd. has expanded its marketing agreement for extruded wood substitute to include countries outside North America. The Mississauga firm said Oct. 28 it agreed to an international marketing deal with Extrudawood International plc of the Isle of Wight, England. CPI now has exclusive rights to enter agreements with manufacturers around the world to licence or manufacture polystyrene foam-based Extrudawood. CPI has an 80 percent interest in Extrudawood's North American joint venture and a 75 percent interest in the international agreement. Its partner is inventor Geoff House, who runs a plant on the Isle of Wight extruding window, door and roofline profiles. CPI recently opened its forth plant and dedicated it to Extrudawood production with 15 31/2-inch Davis-Standard extruders. The firm released its first financial results since it went public in September. For the three months ended Sept. 30 it had sales of C$12.5 million (US$8.1 million) and profit of C$819,000 (US$532,000). Nine-month sales and profit were C$34 million (US$22.1 million) and C$2.1 million (US$1.4 million), respectively. back to top