Stock Markets
Tredegar Surface Protection Launches New Packaging Film Optennia
RICHMOND, Va.–(BUSINESS WIRE)–Tredegar Surface Protection, a subsidiary of Tredegar Corporation (NYSE:TG) and a leader in high-quality masking films, is excited to announce the launch of its latest packaging film, Optennia. This innovative packaging solution is now available through our extensive distribution channels, providing superior protection and performance while supporting sustainability goals.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241031151965/en/
Optennia is the ultimate packaging solution that combines durability and functionality with environmental responsibility. (Photo: Business Wire)
Tredegar Surface Protection is committed to sustainable manufacturing practices, in addition to collaborating with our valued customers to achieve their sustainability goals and aspirations. Our new Optennia product delivers on both commitments. A thinner film requiring 30% less petroleum-based resin than competitive products, Optennia offers an environmentally responsible solution without sacrificing any of the performance that has made us the industry leader in blown high-density packaging film solutions, said Arijit (Bapi) DasGupta, President, PE Films / Tredegar Surface Protection.
Product Highlights:
- Eco-Friendly: Utilizes less polymer, supporting customers’ sustainability goals and the demand for more sustainable product packaging
- Thinner/Lighter Film: Achieves an ideal weight-to-strength ratio without sacrificing performance
- Great Feel and Clarity: Provides maximum on-shelf product appeal and easy graphic printing and packaging line convertibility
About Optennia: Optennia is the ultimate packaging solution that combines durability and functionality with environmental responsibility. Made in the USA, it offers the same robust packaging performance you expect while significantly reducing plastic consumption and its environmental impact. Our exceptional web tracking ensures maximum printing application efficiency and effortless conversion, making your packaging process smoother than ever. With Optennia, your product and print design will shine thanks to its low haze and high clarity, bringing your brand to the forefront and enhancing marketability. This is the perfect packaging to display and protect your product, achieving maximum value for both your brand and the environmentally conscious consumer. Choose Optennia for packaging that not only stands out but also stands up for the planet.
For more information, visit our website at www.tredegarpackagingfilms.com or email us at sales@tredegar.com.
About Tredegar Corporation
Tredegar Corporation is an industrial manufacturer with three primary businesses: custom aluminum extrusions for the North American building & construction, automotive and specialty end-use markets; surface protection films for high-technology applications in the global electronics industry; and specialized polyester films primarily for the Latin American flexible packaging market. Tredegar had 2023 sales from continuing operations of $705 million. With approximately 1,900 employees, the Company operates manufacturing facilities in North America, South America, and Asia.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241031151965/en/
Neill Bellamy, Director of Investor Relations
(804) 330-1211 / (855) 330-1001 (toll-free)
neill.bellamy@tredegar.com
Source: Tredegar Surface Protection
Stock Markets
US anti-missile system in Israel used to intercept projectile from Yemen
(Reuters) – An advanced U.S. military anti-missile system was used in Israel to try to intercept a projectile for the first time since President Joe Biden placed the system in Israel in October, a source familiar with the matter told Reuters on Friday.
The THAAD, or Terminal High Altitude Area Defense system, was used to try to intercept a projectile from Yemen sometime during the last 24 hours, and an analysis would determine its success, said the source who spoke on condition of anonymity.
The Pentagon did not immediately respond to a request for comment.
Israel struck multiple targets linked to the Iran-aligned Houthi movement in Yemen on Thursday, including Sanaa International Airport, and Houthi media said at least six people were killed.
Houthis have repeatedly fired drones and missiles towards Israel in what they describe as acts of solidarity with Palestinians in the Gaza Strip.
In October, Biden placed the THAAD system, built by Lockheed Martin (NYSE:), in Israel along with about 100 U.S. soldiers to help defend the country.
THAAD is a critical part of the U.S. military’s layered air defense systems and added to Israel’s already formidable anti-missile defenses.
Stock Markets
Senate intelligence panel criticizes CIA response to Havana syndrome
(Reuters) – A bipartisan Senate Intelligence Committee report published on Friday criticized the CIA’s response to so-called Havana syndrome health problems among its workforce, saying many individuals “faced obstacles to timely and sufficient care.”
A declassified summary of the panel’s classified report also said the spy agency’s response “negatively affected” those who reported symptoms, leading to a “trust deficit” among some personnel.
While the CIA provided benefits and compensation to many of those reporting symptoms, the report said, the ease of accessing those programs has been inconsistent, affecting how the agency has been organized to deal with the matter.
Stock Markets
Saba capital management buys $826,865 in Pioneer Municipal High Income Fund stock
Following these transactions, Saba Capital now holds 4,057,625 shares of Pioneer Municipal High Income Fund, reflecting its continued confidence in the fund’s performance. The fund currently offers a 4.53% dividend yield and maintains a conservative beta of 0.67, indicating lower volatility compared to the broader market. This move underscores Saba Capital’s strategy to enhance its position in the municipal bond market through this investment. InvestingPro analysis reveals several additional key metrics and insights about MHI’s financial health and market position.
Following these transactions, Saba Capital now holds 4,057,625 shares of Pioneer Municipal High Income Fund, reflecting its continued confidence in the fund’s performance. The fund currently offers a 4.53% dividend yield and maintains a conservative beta of 0.67, indicating lower volatility compared to the broader market. This move underscores Saba Capital’s strategy to enhance its position in the municipal bond market through this investment. InvestingPro analysis reveals several additional key metrics and insights about MHI’s financial health and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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