Abstract: The present invention is an improved flywheel for damping vibrations in a coating roll. The improved flywheel has an inner plate and an outer plate and sandwiched between the two plates are alternating rings of a solid body material such as aluminum or steel and conventional vibration damping material. Typically, the flywheel is attached to the coating roll outside of the bearing mounting block. The flywheel is designed such that movement of the inner and outer plates relative to each other works to compress the damping material sandwiched between the two plates. The plates are fastened together so that torsional motion between the plates, alternating rings, and coating roll is prevented. This compression of the damping material results in the absorption and dissipation of vibrational energy of the radial bending of the coating roll.