8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

August 12, 2003

(Date of earliest event reported)

PLIANT CORPORATION

(Exact name of registrant as specified in its charter)

Utah	333-40067	87-0496065
(State or other jurisdiction of	(Commission File No.)	(I.R.S. Employer
incorporation or organization)		Identification No.)

1475 Woodfield Road, Suite 700

Schaumburg, IL 60173

(847) 969-3300

(Address of principal executive offices and telephone number, including area code)

ITEMS 9 AND 12.	REGULATION FD DISCLOSURE AND
	RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On August 12, 2003, we filed our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2003. As previously announced, we will hold a conference call to discuss our operating results for the quarterly period ended June 30, 2003 and to answer questions about the business. The call will take place at 1:00 p.m. Eastern Daylight Savings Time on Wednesday, August 13, 2003. Our press release containing information on how to access the conference call is filed herewith as Exhibit 99.1.

In addition to the financial results reported in our Form 10-Q, our management will discuss certain quarterly financial information relating to the Second Quarter 2003, including certain quarterly EBITDA amounts. The information required by Regulation G under the Securities Exchange Act of 1934 with respect to these amounts is filed herewith as Exhibit 99.2.

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

PLIANT CORPORATION

/s/    Brian E. Johnson

Brian E. Johnson

Executive Vice President and Chief Financial Officer

Date: August 12, 2003

3

INDEX TO EXHIBITS

Exhibits
99.1	Press Release dated July 17, 2003.
99.2	Pliant Corporation Adjusted EBITDA Reconciliation.

4

EX-99.1

Ex-99.1

July 17, 2003

FOR IMMEDIATE RELEASE

Pliant Corporation Conference Call date

Second Quarter 2003 Financial Results

SCHAUMBURG, IL— Pliant Corporation announced today that Brian Johnson, Executive Vice President and Chief Financial Officer, will host a conference call to discuss the Company’s Second Quarter 2003 operating results and to answer questions about the business. The call will take place at 1:00 p.m. Eastern Daylight Saving Time on Wednesday, August 13, 2003.

Participants in the United States can access the conference call by calling 888-390-8568, using the access code Pliant, or internationally by calling 630-395-0017 and using the same access code (Pliant). Participants are encouraged to dial-in at least ten minutes prior to the start of the teleconference.

Following the call’s completion, the replay will be available through 5:00 p.m. Eastern Daylight Saving Time on Monday, August 18, 2003. Telephone numbers to access the replay are as follows: United States 800-294-9511, International 402-220-3773. No access code required for the replay.

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

#     #     #

CONTACTS:

John C. McCurdy	Brian E. Johnson
Director of Corporate Communications	EVP and Chief Financial Officer
John.mccurdy@pliantcorp.com	brian.johnson@pliantcorp.com
Phone: 330.896.6732	Phone: 847.969.3319
Company Web Site: www.pliantcorp.com

EX-99.2

Ex-99.2

PLIANT CORPORATION

Adjusted EBITDA Reconciliation

($ Millions)

	3 months ended 6/30/03		3 months ended 3/31/03		3 months ended 6/30/02
Net Income (loss)	(18.9	)	(7.3	)	(2.7	)
Adjustments:
Income tax expense (benefit)	2.8		2.0		(.1	)
Interest expense	27.4		19.9		19.1
Depreciation and amortization	13.3		11.2		11.6
Restructuring and other costs	2.5		6.1		2.9
Other non-cash charges and net adjustments for certain     unusual items	1.1		0.2		(.1	)
Adjusted EBITDA	28.2		32.1		30.7