8-K

   1


                       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


        Date of Report (Date of earliest event reported): March 17, 2000


                               KEY PLASTICS L.L.C.
             (Exact name of Registrant as specified in its charter)



         Michigan                     333-26729              35-1997449
(State or other jurisdiction      (Commission File         (IRS Employer
     of incorporation)                 Number)           Identification No.)



                          21333 Haggerty Road Suite 200
                              Novi, Michigan 48375
                    (Address of principal executive offices)


      Registrant's telephone number, including area code:  (248) 449-6100



                                       N/A
          (Former Name or Former Address, if Changed Since Last Report)



   2



Item 3.           BANKRUPTCY OR RECEIVERSHIP.

On March 23, 2000, Key Plastics L.L.C. (the "Registrant") and certain of its
domestic affiliates filed a voluntary petition under Chapter 11 of the United
States Bankruptcy Code in the U.S. Bankruptcy Court for the Eastern District of
Michigan, Southern Division (case no. 00-44478-R). A press release announcing
the filing was released on March 23, 2000 and a copy of the press release is
attached hereto as Exhibit 99.1 to this Form 8-K and is incorporated herein by
reference.

Item 5.           OTHER EVENTS

On March 17, 2000, the Registrant executed a fifth amendment to its Senior
Credit Facility by which, among other things, the Registrant received a waiver
of default from its lenders until March 23, 2000.

ITEM 7:  FINANCIAL STATEMENTS AND EXHIBITS

Exhibit 99.1               Press Release, dated March 23, 2000



   3





                                   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.


                                          KEY PLASTICS L.L.C.


                                          /s/Larry D. Schwentor
                                          ----------------------------
                                          Larry D. Schwentor
                                          Senior Vice President Finance &
                                          Administration/Chief Financial
                                          Officer

Dated:   March 23, 2000







   4

                                 Exhibit Index
                                 -------------



Exhibit No.              Description
- -----------              -----------

  99.1                   Press Release, dated March 23, 2000

EX-99.1

   1
FOR IMMEDIATE RELEASE                                Contact: David Benoit
                                                              (248) 449-6100


KEY PLASTICS L.L.C. SEEKS
- -------------------------
FINANCIAL REORGANIZATION
- ------------------------

NOVI, MICHIGAN, March 23, 2000 - KEY PLASTICS L.L.C., one of the world's leaders
in the automotive plastics industry, and certain of its domestics affiliates,
today filed for voluntary petitions for reorganization under Chapter 11 of the
United States Bankruptcy Code in the United States Bankruptcy Court for the
Eastern District of Michigan, Southern Division.

The Company also announced that it has received a proposed commitment from its
lending group for up to $125 million in debtor-in-possession (DIP) financing.
The DIP financing, which is subject to court approval, is expected to provide
adequate funding for all post-petition trade and employee obligations, as well
as the costs associated with the restructuring process. Most importantly, it
will provide sufficient working capital during restructuring to allow KEY
PLASTICS to maintain full operations.

"This decision will enable our company to maintain engineering and manufacturing
of our products without significant interruption, while addressing the burden of
our interest charges and debt amortization," said David C. Benoit, Chief
Executive Officer of Key Plastics L.L.C.

"We want to emphasize that KEY PLASTICS is a viable and growing company. Our
management team is focused on, and committed to, producing high quality
components for the automotive sector. We expect to work constructively and
garner the continued support of our employees, customers, vendors, shareholders
and creditors. Their support is extremely gratifying, particularly from our
customers who are referring new business and who have shown outstanding
professionalism and support throughout this experience," said Benoit.

In just five years, KEY PLASTICS has grown from nine facilities in the United
States and Mexico to 34 facilities in nine countries. The company has enjoyed
strong growth, tripling employment since 1995 while increasing sales 200 percent
over that period.

KEY PLASTICS designs and manufactures highly engineered precision plastic
components and subsystems, including Interior Trim such as driver information,
audio and HVAC components; Under Hood components including pressurized bottles
and mass air flow housings, and Exterior Ornamentation including door handles
and fuel filler doors.

The Company's World Headquarters and Technical Center is located in Novi,
Michigan. Key's Novi Headquarters and Plymouth, Michigan Test and Validation
Laboratory are ISO9001 certified. All of its manufacturing facilities are QS9000
certified.

This release contains certain "forward-looking statements" within the meaning of
Section 21E of the Securities Exchange Act of 1934, as amended, and are subject
to a number of risks and uncertainties. These include, among others, the
Company's ability to maintain its customer and supplier relationships, implement
its program of reorganization and retain key employees; general business and
economic conditions; and the business and economic conditions in the automotive
plastics industry. Actual results, performance or achievements may be materially
different from the results, performance or achievements expressed or implied by
the forward-looking statements. Consequently, the forward-looking statements
contained herein should not be regarded as representations by Key Plastics or
any other person that any projected outcomes can or will be achieved.