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TREDEGAR REPORTS IMPROVED YEAR-END, FOURTH-QUARTER RESULTS

 RICHMOND, Va., Jan. 18 /PRNewswire/ -- Tredegar Industries Inc. (NYSE: TG) reported today its sales, net income and earnings per share for the 12 months and fourth quarter of 1992.
 Tredegar's sales for the year totaled $479,011,000, compared with sales of $473,951,000 in 1991. Net income for 1992 was $15,312,000, or $1.41 per share, compared with $5,623,000, or 52 cents per share, in 1991.
 In the fourth quarter of 1992, Tredegar's sales were $117,141,000, compared with $115,852,000 a year earlier. Net income was $4,630,000, or 43 cents per share, compared with $2,130,000, or 20 cents per share, in 1991.
 Fourth-quarter results for 1992 include an after-tax gain of $680,000, or 6 cents per share, on the sale of part of Tredegar's investment in Emisphere Technologies Inc. Excluding this investment gain, Tredegar's fourth-quarter net income was $3,950,000, or 37 cents per share.
 Results for 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 Tredegar's performance for both the quarter and year. The improved results were driven by turnarounds in our molded plastics and aluminum businesses, which had substantial operating losses in 1991. Our plastic films and energy businesses also contributed significantly to profits."
 Tredegar Industries is a diversified manufacturer of plastics and metal products and has interests in coal, oil and gas.
 -0- 1/18/93
 /CONTACT: Edward A. Cunningham, 804-330-1598, or Thomas E.B. Phillips, 804-330-1043, both of Tredegar Industries/
 (TG)


CO: Tredegar Industries, Inc. ST: Virginia IN: OIL MNG SU: ERN

DC -- DC004 -- 5774 01/18/93 09:27 EST
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Date:Jan 18, 1993
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