Exhibit 5



                               September 27, 1996


Board of Directors
Tredegar Industries, Inc.
1100 Boulders Parkway
Richmond, Virginia  23225

                       Registration Statement on Form S-8
                            Tredegar Industries, Inc.
                               1996 Incentive Plan

Lady and Gentlemen:

         We are acting as counsel for Tredegar Industries,  Inc. (the "Company")
in connection with its registration  under the Securities Act of 1933 of 450,000
shares of its common  stock,  no par value per share (the  "Shares"),  which are
proposed to be issued pursuant to the Company's 1996 Incentive Plan (the "Plan")
as  described  in  the  Company's   Registration  Statement  on  Form  S-8  (the
"Registration  Statement")  to be filed today with the  Securities  and Exchange
Commission (the "Commission").

         In rendering this opinion, we have relied upon, among other things, our
examination of such records of the Company and  certificates of its officers and
of public officials as we have deemed necessary.

         Based upon the foregoing, we are of the opinion that:

         1.       The Company is a corporation duly incorporated, validly
existing and in good standing under the laws of the Commonwealth of
Virginia.

         2. The Shares have been duly  authorized and, when the Shares have been
issued pursuant to the Plan as described in the Registration Statement,  will be
legally issued, fully paid and nonassessable.

         We hereby  consent to the filing of this opinion with the Commission as
an exhibit to the Registration Statement.

                                                     Very truly yours,

                                                     /s/ Hunton & Williams