WASHINGTON, D.C. 20549
                                 SCHEDULE 13E-4
                              (Final Amendment)
                        ISSUER TENDER OFFER STATEMENT
                      (Pursuant to Section 13(e)(1) of the
                        Securities Exchange Act of 1934)
                           TREDEGAR INDUSTRIES, INC.
                                (Name of Issuer)
                           TREDEGAR INDUSTRIES, INC.
                      (Name of Person(s) Filing Statement)
                      COMMON STOCK, NO PAR VALUE PER SHARE
                         (Title of Class of Securities)
                     (CUSIP Number of Class of Securities)
                             NANCY M. TAYLOR, ESQ.
                           TREDEGAR INDUSTRIES, INC.
                             1100 BOULDERS PARKWAY
                            RICHMOND, VIRGINIA 23225
                 (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications
                  on Behalf of the Person(s) Filing Statement)
                                   COPIES TO:
                          C. PORTER VAUGHAN, III, ESQ.
                               HUNTON & WILLIAMS
                          RIVERFRONT PLAZA, EAST TOWER
                              951 EAST BYRD STREET
                            RICHMOND, VIRGINIA 23219
                               SEPTEMBER 8, 1994
                      (Date Tender Offer First Published,
                       Sent or Given to Security Holders)

     This Final Amendment amends and supplements the Issuer Tender Offer
Statement on Schedule 13E-4 dated September 8, 1994, as amended by
Amendment No. 1 thereto dated September 22, 1994 and Amendment No. 2
thereto dated October 7, 1994 (as amended, the "Issuer Tender Offer
Statement") relating to the offer by Tredegar Industries, Inc. (the
"Company") to purchase up to 1,000,000 shares of the Company's common
stock, no par value per share (the "Shares") (including the associated
Preferred Stock Purchase Rights issued pursuant to the rights agreement,
dated as of June 15, 1989, as amended, between the Company and the
Rights Agent named therein), at per share prices specified by tendering
shareholders not in excess of $19.00 nor less than $17.00 per Share, in
cash, net to the shareholder, upon the terms and subject to the
conditions set forth in the Company's Offer to Purchase dated September
8, 1994 and in the related Letter of Transmittal.
Capitalized terms used herein but not otherwise defined shall have the
meanings assigned to such terms in the Issuer Tender Offer Statement.

   On October 7, 1994, the Company announced that, based on a
preliminary count by American Stock Transfer & Trust Company, the
depositary for the Offer (the "Depositary"), it had accepted for
purchase 1,211,857 Shares at a price of $18.25 per Share, in accordance
with the terms of the Offer. The preliminary proration factor was 93.9

  A total of approximately 1,247,134 Shares were validly tendered and
not withdrawn at the $18.25 per Share Purchase Price, including Shares
for which certificates were delivered to the Depositary pursuant to the
Offer's guaranteed delivery procedure. The Company has elected to
purchase 1,211,857 Shares, having increased the number from the
1,000,000 Shares originally sought as permitted by the rules of the
Securities and Exchange Commission. The Company has been informed by the
Depositary that the final proration factor has been amended to 98.057
percent. Following purchase of the Shares, the Company will have
9,381,032 shares of Common Stock issued and outstanding. On October 7,
1994, the Company issued a press release, a copy of which was filed as
Exhibit (a)(16) to Amendment No. 2 to the Issuer Tender Offer Statement.

     After due inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this Final Amendment to Schedule 13E-4 is
true, complete and correct.

October 21, 1994
                                         TREDEGAR INDUSTRIES, INC.
                                         By: /s/ NORMAN A. SCHER
                                           Norman A. Scher
                                           Executive Vice President