Tredegar Surface Protection Launches New Packaging Film “Optennia”

Rhea-AI Summary

Tredegar Surface Protection, a subsidiary of Tredegar (NYSE:TG), has launched Optennia, a new packaging film solution. The product uses 30% less petroleum-based resin compared to competitive products, offering an environmentally responsible alternative without compromising performance.

The new film combines durability with environmental responsibility, featuring improved weight-to-strength ratio, superior clarity, and enhanced graphic printing capabilities. According to President Arijit DasGupta, this innovation aligns with the company's commitment to sustainable manufacturing practices while maintaining their position as industry leaders in blown high-density packaging film solutions.

Positive

• New product launch reduces petroleum-based resin usage by 30%
• Product maintains performance while improving sustainability metrics
• Enhanced features including better weight-to-strength ratio and improved clarity

Negative

• None.

Insights

Product Development Analyst

The launch of Optennia represents a strategic move in the packaging industry, offering a 30% reduction in petroleum-based resin usage compared to competitive products. This innovation addresses two critical market demands: sustainability and performance efficiency. The thinner film design maintains strength while reducing material costs, potentially improving profit margins.

The product's enhanced clarity and printing compatibility position it well in the high-end packaging market, where shelf appeal is crucial. While this launch shows promising technical advancement, its immediate financial impact may be gradual as market adoption typically takes time in the industrial packaging sector. The reduced material usage could provide a competitive advantage in pricing strategy, particularly important given current polymer cost pressures.

RICHMOND, Va.--(BUSINESS WIRE)-- Tredegar Surface Protection, a subsidiary of Tredegar Corporation (NYSE:TG) and a leader in high-quality masking films, is excited to announce the launch of its latest packaging film, Optennia. This innovative packaging solution is now available through our extensive distribution channels, providing superior protection and performance while supporting sustainability goals.

Optennia is the ultimate packaging solution that combines durability and functionality with environmental responsibility. (Photo: Business Wire)

“Tredegar Surface Protection is committed to sustainable manufacturing practices, in addition to collaborating with our valued customers to achieve their sustainability goals and aspirations. Our new Optennia product delivers on both commitments. A thinner film requiring 30% less petroleum-based resin than competitive products, Optennia offers an environmentally responsible solution without sacrificing any of the performance that has made us the industry leader in blown high-density packaging film solutions,” said Arijit (Bapi) DasGupta, President, PE Films / Tredegar Surface Protection.

Product Highlights:

• Eco-Friendly: Utilizes less polymer, supporting customers’ sustainability goals and the demand for more sustainable product packaging
• Thinner/Lighter Film: Achieves an ideal weight-to-strength ratio without sacrificing performance
• Great Feel and Clarity: Provides maximum on-shelf product appeal and easy graphic printing and packaging line convertibility

About Optennia: Optennia is the ultimate packaging solution that combines durability and functionality with environmental responsibility. Made in the USA, it offers the same robust packaging performance you expect while significantly reducing plastic consumption and its environmental impact. Our exceptional web tracking ensures maximum printing application efficiency and effortless conversion, making your packaging process smoother than ever. With Optennia, your product and print design will shine thanks to its low haze and high clarity, bringing your brand to the forefront and enhancing marketability. This is the perfect packaging to display and protect your product, achieving maximum value for both your brand and the environmentally conscious consumer. Choose Optennia for packaging that not only stands out but also stands up for the planet.

For more information, visit our website at www.tredegarpackagingfilms.com or email us at sales@tredegar.com.

About Tredegar Corporation

Tredegar Corporation is an industrial manufacturer with three primary businesses: custom aluminum extrusions for the North American building & construction, automotive and specialty end-use markets; surface protection films for high-technology applications in the global electronics industry; and specialized polyester films primarily for the Latin American flexible packaging market. Tredegar had 2023 sales from continuing operations of $705 million. With approximately 1,900 employees, the Company operates manufacturing facilities in North America, South America, and Asia.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241031151965/en/

Neill Bellamy, Director of Investor Relations

(804) 330-1211 / (855) 330-1001 (toll-free)

neill.bellamy@tredegar.com

Source: Tredegar Surface Protection

FAQ

What is Tredegar's (TG) new packaging film called?

Tredegar's new packaging film is called Optennia.

How much less petroleum-based resin does Tredegar's (TG) Optennia use compared to competitors?

Optennia uses 30% less petroleum-based resin compared to competitive products.

What are the main features of Tredegar's (TG) new Optennia packaging film?

Optennia features reduced polymer usage, thinner/lighter film with optimal weight-to-strength ratio, superior clarity, and enhanced graphic printing capabilities.