Tredegar Film Products, a subsidiary of Tredegar Corporation (NYSE:TG),
today announced plans to expand its manufacturing capacity for apertured
film for personal care applications at its Pune, India facility.
Tredegar Film Products, a subsidiary of Tredegar Corporation (NYSE:TG), today announced plans to expand its manufacturing capacity for apertured film for personal care applications at its Pune, India facility. The expansion will serve the growing hygiene market in India and is another step in Tredegar’s plan to grow aggressively in the emerging markets. The Company expects this additional capacity to be fully operational by the fourth quarter of 2014. Since beginning operations in October, 2010, the Pune plant has served as a model for Tredegar Film Products and has been recognized for its outstanding service and consistent quality. “Tredegar Film Products is a supplier of innovative high-quality personal care products, and we continue to see exciting growth opportunities in this business segment,” said Mary Jane Hellyar, President of Tredegar Film Products. “Today, we are the leading supplier for apertured films in the region and by enhancing our local supply and service capabilities for our Asian customer base, we are further positioning Tredegar to benefit from the positive consumer purchasing trends in this geography.” “Population growth and evolving Indian demographics support the expanded use of hygiene and baby care products in the region and these dynamics are continuing to fuel sales and volume growth for our Film Products,” added Jessica Torng, Managing Director of Tredegar Film Products, Asia Pacific region. “Demand continues to expand for Tredegar’s high quality apertured films and this investment further supports our customers in this exciting market.” 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.
Shareholders of Tredegar Corp. looking to boost their income beyond the stock's 1.6% annualized dividend yield can sell the June covered call at the $25 strike and collect the premium based on the 80 cents bid, which annualizes to an additional 8.5% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 10.2% annualized rate in the scenario where the stock is not called away.