SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549


                                  SCHEDULE 13D
                    Under the Securities Exchange Act of 1934
                               (Amendment No. 4)*



                            TREDEGAR INDUSTRIES, INC.
                                (Name of Issuer)

                                  COMMON STOCK
                         (Title of class of securities)

                                   894650 100
                                 (CUSIP NUMBER)


                               F. D. Gottwald, Jr.
                                Bruce C. Gottwald
                                John D. Gottwald
                             330 South Fourth Street
                            Richmond, Virginia 23219
                           Telephone No. 804-788-5401
            (Name, address and telephone no. of person authorized to
                      receive notices and communications.)

                                    Copy to:
                              Nancy M. Taylor, Esq.
                            Tredegar Industries, Inc.
                              1100 Boulders Parkway
                            Richmond, Virginia 23225

                                 March 14, 1997
              Date of event which requires filing of this statement

              If the filing person has previously filed a statement
             on Schedule 13G to report the acquisition which is the
                subject of this Schedule 13D, and is filing this
                  schedule because of Rule 13d-1(b)(3) or (4),
                          check the following box [ ].

                       Check the following box if a fee is
                       being paid with this statement [ ].
                               Page 1 of 10 Pages






- -------------------------                     ----------------------------------
CUSIP NO. 894650 100             13D                 Page 2 of 10 Pages
- -------------------------                     ----------------------------------


- --------------------------------------------------------------------------------
1   NAME OF REPORTING PERSONS
    S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

      Floyd D. Gottwald, Jr.   ###-##-####
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               (a) [ ]
                                                                    (b) [X]



- --------------------------------------------------------------------------------
3   SEC USE ONLY

- --------------------------------------------------------------------------------
4   SOURCE OF FUNDS*
      PF

- --------------------------------------------------------------------------------
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    TO ITEM 2(d) or 2(e)                                                [ ]
- --------------------------------------------------------------------------------
6   CITIZENSHIP OR PLACE OF ORGANIZATION

      USA
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
        NUMBER OF           7          SOLE VOTING POWER
         SHARES                        1,128,645
      BENEFICIALLY
        OWNED BY
          EACH
        REPORTING
       PERSON WITH
                          ------------------------------------------------------
                            8          SHARED VOTING POWER
                                       94,606
                          ------------------------------------------------------
                            9          SOLE DISPOSITIVE POWER
                                       1,128,645
                          ------------------------------------------------------
                            10         SHARED DISPOSITIVE POWER
                                       94,606
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
11  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

    1,223,251
- --------------------------------------------------------------------------------
12  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    CERTAIN SHARES*                                                     [X]



    1,410,948 shares owned  by  individuals  who  do not reside in the reporting
    person's home
- --------------------------------------------------------------------------------
13  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

      9.98%
- --------------------------------------------------------------------------------
14  TYPE OF REPORTING PERSON*

      IN
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!







- -------------------------                     ----------------------------------
CUSIP NO. 894650 100             13D                 Page 3 of 10 Pages
- -------------------------                     ----------------------------------


- --------------------------------------------------------------------------------
1   NAME OF REPORTING PERSONS
    S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

       Bruce C. Gottwald     ###-##-####
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               (a) [ ]
                                                                    (b) [X]


- --------------------------------------------------------------------------------
3   SEC USE ONLY

- --------------------------------------------------------------------------------
4   SOURCE OF FUNDS*
      PF

- --------------------------------------------------------------------------------
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    TO ITEM 2(d) or 2(e)                                                [ ]
- --------------------------------------------------------------------------------
6   CITIZENSHIP OR PLACE OF ORGANIZATION

      USA
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
        NUMBER OF           7          SOLE VOTING POWER
         SHARES                        768,880
      BENEFICIALLY
        OWNED BY
          EACH
        REPORTING
       PERSON WITH
                          ------------------------------------------------------
                            8          SHARED VOTING POWER
                                       59,941
                          ------------------------------------------------------
                            9          SOLE DISPOSITIVE POWER
                                       768,880
                          ------------------------------------------------------
                            10         SHARED DISPOSITIVE POWER
                                       59,941
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
11  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     828,821
- --------------------------------------------------------------------------------
12  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    CERTAIN SHARES*                                                     [X]

    679,902  shares  owned  by  individuals  who  do not reside in the reporting
    person's home

- --------------------------------------------------------------------------------
13  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

      6.76%
- --------------------------------------------------------------------------------
14  TYPE OF REPORTING PERSON*
      IN
- --------------------------------------------------------------------------------


                      *SEE INSTRUCTIONS BEFORE FILLING OUT!







- -------------------------                     ----------------------------------
CUSIP NO. 894650 100             13D                 Page 4 of 10 Pages
- -------------------------                     ----------------------------------


- --------------------------------------------------------------------------------
1   NAME OF REPORTING PERSONS
    S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

       John D. Gottwald     ###-##-####
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*               (a) [ ]
                                                                    (b) [X]


- --------------------------------------------------------------------------------
3   SEC USE ONLY

- --------------------------------------------------------------------------------
4   SOURCE OF FUNDS*
      PF

- --------------------------------------------------------------------------------
5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    TO ITEM 2(d) or 2(e)                                                [ ]
- --------------------------------------------------------------------------------
6   CITIZENSHIP OR PLACE OF ORGANIZATION

      USA
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
        NUMBER OF           7          SOLE VOTING POWER
         SHARES                        676,046
      BENEFICIALLY
        OWNED BY
          EACH
        REPORTING
       PERSON WITH
                          ------------------------------------------------------
                            8          SHARED VOTING POWER
                                       241,671
                          ------------------------------------------------------
                            9          SOLE DISPOSITIVE POWER
                                       676,046
                          ------------------------------------------------------
                            10         SHARED DISPOSITIVE POWER
                                       241,671
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
11  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     917,717
- --------------------------------------------------------------------------------
12  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    CERTAIN SHARES*                                                     [ ]




- --------------------------------------------------------------------------------
13  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

      7.37%
- --------------------------------------------------------------------------------
14  TYPE OF REPORTING PERSON*
      IN
- --------------------------------------------------------------------------------


                      *SEE INSTRUCTIONS BEFORE FILLING OUT!





     * Amendment No. 4 amends and  supplements  Amendment Nos. 1, 2 and 3 to the
statement on Schedule 13D filed on August 15, 1989, by Floyd D.  Gottwald,  Jr.,
and Bruce C.  Gottwald  with  respect  to shares of Common  Stock  (the  "Common
Stock") of Tredegar Industries,  Inc. (the "Issuer"). The purpose for the filing
of this  Amendment No. 4 is to add John D. Gottwald as a signatory and report an
increase in the  percentage of the Common Stock  beneficially  owned by Floyd D.
Gottwald,  Jr.,  Bruce C.  Gottwald  and John D.  Gottwald  and their  immediate
families due primarily to (i) purchases of the Common Stock by the Issuer on the
open market and in privately negotiated transactions; and (ii) two self-tenders
by the Issuer.

Item 1.  Security and Issuer.

     This  statement  relates  to the  Common  Stock of the  Issuer,  a Virginia
corporation  having its principal  executive  offices at 1100 Boulders  Parkway,
Richmond, Virginia 23225.

Item 3.  Source and Amount of Funds or Other Consideration.

     Since the filing of  Amendment  No. 3,  Floyd D.  Gottwald,  Jr.,  Bruce C.
Gottwald and John D.  Gottwald have not  purchased  additional  shares of Common
Stock except automatic purchases pursuant to the Issuer's dividend  reinvestment
plan and Issuer benefit plans.

Item 5.  Interest in Securities of the Issuer.

         (a)      Amount Beneficially Owned:  4,095,477 shares.(1)

                  Percentage of Class Owned:  32.90%

         (b)      Number of shares as to which such person has:

                  (i)   sole power to vote or to direct the vote - 2,620,236(2)

                  (ii)  shared power to vote or to direct the vote- 1,475,241(3)

                  (iii) sole power to dispose of or to direct the disposition of
                        - 2,620,236(2)

                  (iv)  shared power to dispose of or to direct the  disposition
                        of - 1,475,241(3)

                    (1)  The filing of this statement  shall not be construed as
                         an admission that for the purposes of Sections 13(d) or
                         13(g) of the

                                       -5-




                        Securities Exchange Act of 1934, Floyd D. Gottwald, Jr.,
                        Bruce C. Gottwald or John D. Gottwald are the beneficial
                        owners of: (A) 46,665 shares  described in Items 5(b)(i)
                        and (iii); or (B) the shares described in Items 5(b)(ii)
                        and (iv).

                    (2) This amount includes 46,665 shares owned by a charitable
                        foundation, for which Floyd D. Gottwald,  Jr., and Bruce
                        C. Gottwald serve as the sole directors, to which  Floyd
                        D. Gottwald, Jr., and Bruce C. Gottwald disclaim benefi-
                        cial ownership.

                    (3) This   amount   includes   1,172,353   shares  owned  by
                        individuals in the families of Floyd  D. Gottwald,  Jr.,
                        Bruce  C.  Gottwald  and  John D.  Gottwald  who do  not
                        reside  in the  reporting  persons'  homes.  It does not
                        include shares owned of record by Wachovia Bank of North
                        Carolina,  N.A.,  as  Trustee under the savings plan for
                        the employees of the Issuer (the "Plan"), that are  held
                        for  the  benefit of employees other than the Gottwalds.
                        Shares  held  by  the  Trustee  under  the  Plan for the
                        benefit of the Gottwalds are included in Items (5)(b)(i)
                        and (iii) above. Shares held under the Plan are voted by
                        the Trustee in accordance  with  instructions  solicited
                        from employees participating in the Plan.  If a partici-
                        pating  employee does not give the  Trustee  voting  in-
                        structions,  his  shares  are  voted  by  the Trustee in
                        accordance  with  management's  recommendations  to  the
                        stockholders. Because members of the Gttwald family  are
                        executive  officers,  directors  and  the largest stock-
                        holders of the Issuer, they may be deemed to be  control
                        persons  of  the  Issuer  and  to  have  the capacity to
                        control any such recommendation of management.

         (c)      There  have  been no transactions in the past sixty days other
                  than  automatic  Employee  Savings  Plan  purchases by John D.
                  Gottwald.

         (d)      Other persons have the right to receive or the power to direct
                  the receipt of dividends  from,  or the proceeds from the sale
                  of, all 1,475,241 shares described in Items 5(b)(ii) and (iv).
                  However,  none of such persons' individual interest relates to
                  more than 5 percent of the class of securities  for which this
                  Form is filed.

                                       -6-






Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
        Securities of the Issuer.

     Floyd D.  Gottwald,  Jr.,  and  Bruce C.  Gottwald  are  brothers.  John D.
Gottwald is the son of Floyd D. Gottwald, Jr. This form is being filed on behalf
of Floyd D. Gottwald,  Jr., Bruce C. Gottwald and John D. Gottwald  because they
could be deemed to be a group for  purposes of Rule  13d-1(c)  and  Schedule 13D
even though there is no agreement among them with respect to the purchase,  sale
or retention of Common Stock.

     There  are no  contracts,  arrangements,  understandings  or  relationships
(legal or otherwise) between Floyd D. Gottwald,  Jr., Bruce C. Gottwald and John
D. Gottwald and any other person with respect to securities of the Issuer.

Item 7.  Material to be Filed as Exhibits.

         1.  Agreement  between  Floyd  D.  Gottwald, Jr., Bruce C. Gottwald and
             John D.Gottwald with respect to the filing of this Amendment  No. 4
             to Schedule 13D.


                                       -7-






                                    Signature

         After  reasonable  inquiry and to the best of our knowledge and belief,
the  undersigned  certify that the  information  set forth in this  statement is
true, complete and correct.

Dated:  March 18, 1997

                                                   /s/ Floyd D. Gottwald, Jr.
                                                  ------------------------------
                                                   Floyd D. Gottwald, Jr.


                                                   /s/ Bruce C. Gottwald
                                                  ------------------------------
                                                   Bruce C. Gottwald


                                                    /s/ John D. Gottwald
                                                  ------------------------------
                                                   John D. Gottwald



                                       -8-





                                  Exhibit Index


Exhibit 1   Agreement between Floyd D. Gottwald, Jr., Bruce C. Gottwald and John
            D. Gottwald  with  respect  to the filing of this Amendment No. 4 to
            Schedule 13D.




                                       -9-




                                                                       Exhibit 1




         We, the  undersigned,  hereby  express our agreement  that the attached
Amendment No. 4 to Schedule 13D is filed on behalf of each of the undersigned.


Date: March 18, 1997

                                                   /s/ Floyd D. Gottwald, Jr.
                                                  ------------------------------
                                                   Floyd D. Gottwald, Jr.


                                                   /s/ Bruce C. Gottwald
                                                  ------------------------------
                                                   Bruce C. Gottwald


                                                    /s/ John D. Gottwald
                                                  ------------------------------
                                                   John D. Gottwald