Oct 23 (Reuters) - Intertape Polymer ITP.TO :
* R) provides update on flood damage at its Columbia, South Carolina facility
* Damages at Columbia facility resulting from flood are unfortunately
considerable resulting in facility being shutdown permanently
* Says production of duct tape at the new blythewood, South Carolina facility
was not affected by the flooding
* Says the company, along with its insurers and advisors, continues to assess
the damage
* Says believes that it has sufficient property and business interruption
insurance coverage
* Production of masking tape and stencil is being relocated to other ipg
facilities such as Marysville, Michigan and blythewood
* Says company's guidance for cost savings from the South Carolina project
remains unchanged
* As there are no longer two plants running in South Carolina as of October 4,
will not incur South Carolina duplicate overhead costs
* Source text for Eikon ID:nMKW1dyNxa
* Further company coverage ITP.TO