RICHMOND, Va., April 24, 2003 – Tredegar Corporation (NYSE:TG) announced that its Film Products division will build a new manufacturing facility in Guangzhou, China, to meet growing demand for its products throughout China and the rest of Asia.

The new plant, which is expected to begin production by the end of 2004, will make components used primarily in personal care products such as sanitary napkins and diapers. The company's current operations in Guangzhou will be relocated to the new facility.

Thomas G. Cochran, president of Tredegar Film Products, said: "Our presence in China and the Asia-Pacific region has been growing rapidly since entering the region in 1997. The expansion of our manufacturing capabilities in China is an opportunity to further penetrate markets where there is significant growth potential for our products."

Tredegar Film Products is a major supplier of apertured, elastic and breathable materials for use in personal care markets. Primary applications include diapers and feminine hygiene products. It also produces films for a variety of packaging and specialty markets. The subsidiary had sales of $377 million in 2002 and employs approximately 1,200 people at five production facilities in the U.S., two in South America, three in Europe and two in China.

Tredegar Corporation is a global manufacturer of plastic films and aluminum extrusions.