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FOR BUSINESS EDITOR:

FOR BUSINESS EDITOR:
 TREDEGAR'S THIRD-QUARTER, NINE MONTHS RESULTS IMPROVE
 RICHMOND, Va., Oct. 14 /PRNewswire/ -- Tredegar Industries Inc. (NYSE: TG) reported today its sales, net income and earnings per share for the third quarter ending Sept. 30, 1992.
 Third-quarter sales were $126,182,000, up from $121,774,000 in 1991. For the first nine months of 1992, sales were $361,870,000, compared with $358,099,000 in 1991.
 Third-quarter net income was $4,101,000, or 38 cents per share, up from $2,438,000, or 22 cents per share, in 1991. For the first nine months of 1992, net income was $10,682,000 or 98 cents per share, compared with $3,493,000, or 32 cents per share, a year earlier.
 Results for the first nine months of 1992 include an after-tax charge of $1,182,000, or 11 cents per share. The charge, taken in the first quarter, is related to the accelerated write-off of certain goodwill associated with the company's restructured molded plastics business.
 John D. Gottwald, Tredegar's president and chief executive officer, said: "We're encouraged by the positive trend in Tredegar's overall results. Continued internal improvements and a stronger economy are essential to sustaining the momentum we've established."
 Tredegar Industries is a diversified manufacturer of plastics and metal products and has interests in coal, oil and gas.
 -0- 10/14/92
 /CONTACT: Edward A. Cunningham, 804-330-1598 or Thomas E.B. Phillips, 809-330-1043, both of Tredegar Industries/
 (TG) CO: Tredegar Industries Inc. ST: Virginia IN: OIL SU: ERN


10:35 -- CH007 -- 9792 10/14/92 11:03 EDT
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Date:Oct 14, 1992
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