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.
Tredegar Corporation (NYSE: TG), headquartered in North Chesterfield, Virginia, is a prominent player in the global manufacturing sector. The company operates through its subsidiaries, which specialize in the production of polyethylene plastic films, polyester films, and aluminum extrusions. With over 1,700 employees and 13 locations spanning North America, Europe, Asia, and South America, Tredegar serves a diverse range of markets and industries.
Tredegar Film Products, a key subsidiary, is a global leader in the plastic films industry. The company offers a wide array of capabilities in polyethylene, polypropylene, elastics, and polyester films. These products are essential in various applications, including personal care, electronic displays, food packaging, and lighting. Tredegar Film Products prides itself on its innovative research and development, enabling it to meet the evolving demands of global markets effectively. Their motto, “layers of confidence”™, underscores their commitment to quality and reliability.
Another significant segment of Tredegar's operations is its Aluminum Extrusions division, which generates the majority of the company's revenue. This division produces high-quality, soft-alloy, and medium-strength aluminum used in a range of applications, including building and construction, automotive, consumer durables, machinery and equipment, electrical, and distribution markets.
Tredegar Corporation's strategic focus on innovation and quality, combined with its extensive global footprint and local supply capabilities, positions it well for continued growth and success. The company is committed to expanding its reach in diverse markets worldwide, delivering reliable and high-performance products that meet the rigorous demands of its customers.
Recent Achievements and News:
- The company has recently strengthened its market presence with strategic partnerships and collaborations.
- Ongoing projects include the development of advanced films for electronic displays and sustainable packaging solutions.
- Financially, Tredegar maintains a robust position, with steady revenue streams from the United States, Asia, and Brazil.
For the latest updates and relevant information about Tredegar Corporation's performance, events, and developments, please stay tuned to our news section.
Tredegar Corporation (NYSE:TG) will hold its 2023 annual meeting of shareholders virtually on May 4, 2023, at 9:00 a.m. EDT. Shareholders of record by March 10, 2023 can participate online, vote, and ask questions. Financial results for Q1 2023 are set to be released on May 8, 2023. Registration for the meeting must be completed by May 3, 2023, and shareholders are encouraged to vote beforehand. The meeting allows guests to listen in but not participate in the vote or ask questions. Tredegar, an industrial manufacturer, reported $939 million in sales for 2022 and employs around 2,200 people across operations in North America, South America, and Asia.
Bonnell Aluminum, a subsidiary of Tredegar Corporation (NYSE: TG), is expanding its TSLOTS line of aluminum structural framing systems into the Southeastern U.S. with a new facility in Newnan, Georgia. This expansion follows a successful Midwest investment in 2021. The TSLOTS system enables manufacturers to create lightweight, durable structures using custom T-slotted aluminum extrusions. The new site will enhance customer access, reduce shipping costs, and shorten lead times. Bonnell Aluminum continues to provide project design assistance, fabrication, and assembly for its clients.
Tredegar Corporation (NYSE:TG) reported mixed fourth quarter and full-year financial results for 2022. The company faced a significant net loss from continuing operations of $(3.9) million in Q4 2022 compared to a profit of $21.4 million in Q4 2021. For the full year, net income dropped to $28.4 million from $57.9 million in 2021. EBITDA saw declines in key segments like Aluminum Extrusions and PE Films due to lower sales volumes and increased costs, although Flexible Packaging Films performed positively. Tredegar's debt rose by $75 million in 2022. The company anticipates a return to profitability in Q1 2023, despite ongoing challenges in demand.
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