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DURAKON INDUSTRIES ANNOUNCES FORMATION OF CORPORATION TO MANUFACTURE PICKUP TRUCK BEDLINERS IN MEXICO

 LAPEER, Mich., March 22 /PRNewswire/ -- Durakon Industries, Inc. (NASDAQ-NMS: DRKN) announced the formation of a corporation to manufacture pickup truck bedliners in Mexico.
 The new Mexican corporation, Durakon Mexicana, S.A. de C.V., will be jointly owned by Durakon Industries, Inc. as the majority stockholder and Consorcio Larmo, a member of one of Mexico's fastest growing auto parts corporations. The new company will manufacture pickup truck bedliners for the Mexican market with production at the new facility expected to commence by late Spring 1993.
 William Webster, president and CEO of Durakon, said, "The pickup truck market in South America is significant and we feel the best way to expand in those markets is to form partnerships with experienced nationals. In Mexico, Consorcio Larmo, is a successful Mexican corporation already serving as a manufacturer and distributor of automotive products in Mexico. Through this venture we will establish ourselves as the leading supplier in a growing market. No jobs in Michigan will be lost as a result of these ventures."
 Durakon is the world's leading producer and distributor of pickup truck bedliners and rollback car carriers, a major manufacturer of wheel lift towing vehicles and a leading distributor of light truck accessories. Headquartered in Lapeer, Michigan, it has manufacturing facilities in Lapeer, Michigan and Greencastle, Pennsylvania. A publicly traded company, it is listed on the NASDAQ National Market System.
 -0- 3/22/93
 /CONTACT: Thomas A. Galas, chief financial officer of Durakon Industries, Inc., 313-664-0850/
 (DRKN)


CO: Durakon Industries, Inc. ST: Michigan IN: AUT SU:

SB -- NY058 -- 8234 03/22/93 12:12 EST
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Publication:PR Newswire
Date:Mar 22, 1993
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