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Tredegar Film Products Announces $18M Strategic Investment in Guangzhou, China

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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.

See full press release

Posted-In: News Guidance Financing Contracts Management Global

 

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