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Tredegar Corporation - $TG STOCK NEWS

Welcome to our dedicated page for Tredegar Corporation news (Ticker: $TG), a resource for investors and traders seeking the latest updates and insights on Tredegar Corporation stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Tredegar Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Tredegar Corporation's position in the market.

Rhea-AI Summary
Tredegar Corporation to sell its flexible packaging films business to Oben Group for $116 million. The transaction is expected to generate after-tax cash proceeds of $85 million. Terphane reported net sales and EBITDA of $152 million and $16.4 million, respectively, for the 12 months ended June 30, 2023. Closing of the transaction is subject to customary conditions.
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Origin Materials and Terphane have announced a strategic partnership to produce sustainable bio-polymer films. Terphane has signed a multi-year capacity reservation agreement to purchase bio-based PEF polymer from Origin Materials for use in film applications, including food and beverage packaging and industrial applications. The film is partially made from PEF and has all the traditional properties of a regular PET film, including post-consumption recycling. Origin Materials' PEF is expected to be 100% plant-based, fully recyclable, and have a significantly reduced carbon footprint compared to petroleum-based materials.
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Tredegar Corporation

NYSE:TG

TG Rankings

TG Stock Data

223.46M
25.78M
23.18%
60.08%
0.8%
Other Aluminum Rolling, Drawing, and Extruding
Manufacturing
Link
United States of America
RICHMOND

About TG

tredegar film products is a global leader in the plastic films industry with a wide range of capabilities in polyethylene, polypropylene, elastics and polyester films. with a global footprint and local supply capabilities, we support demand for films applications in diverse end-use markets, including personal care, electronic display, food packaging and lighting. with strategically located global operations and a culture focused on innovative research and development, tredegar film products is well positioned to expand its reach in diverse markets around the world to deliver “layers of confidence”™. headquartered in north chesterfield, va, usa, tredegar film products corporation, a subsidiary of tredegar corporation (nyse:tg), has 1700+ employees and 13 locations throughout north america, europe, asia, and south america.