EXHIBIT 99.1


January 26, 2004

FOR IMMEDIATE RELEASE


PLIANT CORPORATION TO OFFER $225 MILLION OF SENIOR SECURED DISCOUNT BONDS


SCHAUMBURG,  IL -- Pliant Corporation announced that it will offer for sale $225
million of Senior Secured Discount Bonds. This offering is part of the company's
plan to refinance a substantial portion of its outstanding indebtedness in order
to lower cash interest expense and extend maturities. The company also confirmed
that it is  proceeding  with its plan to  replace  its  existing  senior  credit
facility with a new asset backed revolving credit facility.

The company expects to use the proceeds of the notes offering to prepay its term
bank debt of approximately $220 million.

Pliant  Corporation  is a leading  producer  of  value-added  film and  flexible
packaging products for personal care, medical, food, industrial and agricultural
markets.   Pliant  operates  26  manufacturing   and  research  and  development
facilities around the world and employs approximately 3,250 people.


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CONTACTS:

John C. McCurdy
Director of Corporate Communications
Voice:  330.896.6732
Fax:  330.896.6733
E-mail:  JOHN.MCCURDY@PLIANTCORP.COM

Brian Johnson
EVP and Chief Financial Officer
Voice:  847.969.3319
E-mail:  BRIAN.JOHNSON@PLIANTCORP.COM

Company Web Site:  www.pliantcorp.com