Article summarizes investigation results of rheological and thermal stability properties of industrially prepared wood plastic composites, based on virgin polypropylene and birch wood plywood production residues-plywood sanding dust (PSD). WPCs PP+40 wt. % PSD contain different modifiers, such as lubricant Struktol TWP (blend of an aliphatic carboxylic acid salts and mono and diamides), sterically hindered phenolic antioxidant 1010, thermal stabilizer 168 (hydrolytically stable phosphite), UV stabilizer 770-low molecular weight hindered amine light stabilizer (HALS) and pigments based on LDPE. According to our studies, we could conclude that rheological properties studied by capillary rheometer method, strongly depends on WPCs composition. MFI values fluctuate in limits from 0.212 up to 0.724 g/10min. that is changes 3.4 times. Thermal and antioxidant stabilizers promote increase of thermal stability of WPCs noted by TGA. Curves of fluidity indicates character of typical pseudo-plastic liquids for which viscosity not only depends on temperature and shear stress and deformation rate, but also decrease with increase of shear rate. That confirms fluidity index n values which are smaller than 1.