This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Tredegar Film Products Announces Strategic Investment To Expand Asian Manufacturing Capabilities For Surface Protection Films

Tredegar Film Products, a subsidiary of Tredegar Corporation (NYSE:TG), today announced plans to expand its manufacturing presence in Asia. The Company will invest $18 million in a new state-of-the-art extrusion line in Guangzhou, China that will be equipped with a high-performance clean room environment and inspection capabilities. The new extrusion line will be used to increase production of surface protection films to serve demand for Tredegar’s premium quality surface protection films used in the growing display market. By building a high-performance clean room environment and inspection capabilities, Tredegar will also be able to meet increasing requirements in the display industry for higher quality-control and standards. The extrusion line is expected to be fully operational by early 2015.

“This investment will build upon our existing manufacturing capabilities in the region and support the growing demand for high performance displays and advanced materials used in the manufacture of these displays,” commented Bapi DasGupta, Vice President of Tredegar Film Products’ surface protection business unit.

Double-digit demand for small devices such as tablets and smartphones, along with ongoing demand for larger displays, continues to fuel growth in the display market.

“Tredegar has an innovative line of industry-leading products and we continue to see significant opportunity for the surface protection business unit,” added Mary Jane Hellyar, President of Tredegar Film Products. “By enhancing our local supply and service capabilities for our customer base in Asia, we are further positioning Tredegar to benefit from the positive consumer purchasing dynamics in the region.”

Among the top global leaders in the plastic films industry, Tredegar Film Products manufactures plastic films, elastics and laminate materials for the personal care, electronic display, flexible packaging, lighting and other specialty film markets. With a global R&D structure and locations throughout North America, Europe, Asia, and South America, Tredegar Film Products provides local support and innovative solutions to meet our customers’ needs. Additional information regarding Tredegar Film Products is available at www.tredegarfilms.com.

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs