SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16
OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 20, 2004
Durango Corporation
(f/k/a Grupo Industrial Durango, S.A. de C.V.)
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(Translation of registrant's name into English)
Torre Corporativa Durango, Potasio 150, Cuidad Industrial,
Durango, Durango, Mexico
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F. Form 20-F [x] Form 40-F
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of 1934. Yes No [x]
If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82-_____________.
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. CORPORACION DURANGO, S.A. DE C.V.
Date: May 25, 2004 By /s/ Mayela Rincon de Velasco
Durango, Mexico --------------------------------
Name: Mayela Rincon de Velasco
Title: Chief Financial Officer
NYSE SUSPENDS TRADING OF CORPORACION DURANGO'S
ADR'S AND SENIOR NOTES
Durango, Dgo., Mexico, May 25, 2004 - Corporacion Durango,
S.A. de C.V. (NYSE: CDG / BMV: CODUSA) ("Corporacion Durango"),
today announced that the New York Stock Exchange (the "NYSE")
has suspended trading in Corporacion Durango's American
Depositary Receipts ("ADRs"),13 1/8% Senior Notes due 2006 and
13 1/2% Senior Notes due 2008 (collectively, the "Senior Notes")
that trade under the ticker symbols CDG, CDGO 06 and CDGO 08,
respectively, and that an application to the Securities and
Exchange Commission to delist theADRs and the Senior Notes is
pending the completion of applicable procedures, including appeal
by Corporacion Durango of the NYSE staff's decision. Corporacion
Durango does not plan to make such an appeal.
The NYSE took this action following Corporacion Durango's
announcement that it had filed for "concurso mercantil" in Mexican
court under the Mexican Business Reorganization Law (Ley de
Concursos Mercantiles). The Company noted that the NYSE's decision
in no way affects its ability to complete the restructuring process
and would not affect the operations of Corporacion Durango's
subsidiaries.
Corporacion Durango's ADRs are eligible to trade on the Over
the Counter Bulletin Board and may become quoted in the Pink Sheets
upon application by a market maker. Corporacion Durango cannot
provide assurance with respect to when, or if, market makers can be
found, applications are prepared and accepted, or quotations will
be available.
Special Note Regarding Forward-Looking Statements
This press release contains statements that are
forward-looking within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Such forward-
looking statements are only predictions and are not
guarantees o f future performance. Investors are
cautioned that any such forward-looking statements
are and will be, as the case may be, subject to
many risks, uncertainties and factors relating to
the operations and business environments of
Corporacion Durango and its subsidiaries that may
cause the actual results of the companies to be
materially different from any future results
expressed or implied in such forward-looking
statements.
Factors that could cause actual results to differ
materially from these forward-looking statements
include, but are not limited to, the following: the
ability of Corporacion Durango and its subsidiaries
to continue as going concerns; their ability to
obtain and maintain normal terms with vendors and
service providers; their ability to maintain
contractsthat are critical to their operations;
their ability to fund and execute their business
plan; their ability to attract, motivate and/or
retain key executives and associates; and their
ability to attract and retain customers.
Additionally, other factors should be considered in
connection with any Forward Looking Statements,
including other risks and uncertainties set forth
from time to time in Corporacion Durango's reports
filed with the United States Securities and
Exchange Commission. Although Corporacion Durango
believes that the expectations and assumptions
reflected in the forward-looking statements are
reasonable basedon information currently available
to its management, Corporacion Durango cannot
guarantee future results or events. Corporacion
Durango nexpressly disclaims a duty to update any
of the forward-looking statement.
CONTACTS
Corporacion Durango, S.A. de C.V.
Mayela R. Velasco Gabriel Villegas S.
+52 (618) 829 1008 +52 (55) 5488 0381
mrinconv@corpdgo.com.mx gvillegas@corpdgo.com.mx
Miguel Antonio R.
+52 (618) 814 1658
rinconma@corpdgo.com.mx