<PAGE> 1
EXHIBIT 21.1
DENALI INCORPORATED SUBSIDIARIES
<TABLE>
<CAPTION>
Jurisdiction
Subsidiary Name of Incorporation
--------------- ----------------
<S> <C>
B.V. Twentse Kunststoffenindustrie Plasticon The Netherlands
B.V. van Delden The Netherlands
Belco Manufacturing Company, Inc. Texas
Containment Solutions Services, Inc. Delaware
Containment Solutions, Inc. Delaware
Denali International Holdings, B.V. The Netherlands
Denali Management, Inc. Delaware
Denali Operating Management Ltd. Texas
Denali Welna Europe, B.V. The Netherlands
Dewel B.V. The Netherlands (50% Ownership)
Ershigs, Inc. Washington
Fibercast Company Delaware
Garlway Ltd. U.K. (90% Ownership)
Gimex Technische Keramiek b.v. The Netherlands (65% Ownership)
Hanwel B.V. The Netherlands
Hanwel Belgium N.V. Belgium
Hurner Umwelt Technik Germany
Instrumentation Solutions, Inc. Delaware
K.T.D. Plasticon GmbH Germany
K.T.D. Vert. GmbH Germany (40% Ownership)
Kialite Plasticon B.V. The Netherlands
Manantial Chile, S.A. Chile
Metalchem Plasticon S.A. Poland
Onroerend-Goed Maatschappij Plasticon, B.V. The Netherlands
Plasticon B.V. The Netherlands
Plasticon Haven B.V. The Netherlands
Plasticon Heerenveen B.V. The Netherlands
Plasticon Kialite Thailand Ltd. Thailand (33% Ownership)
Plasticon Projects B.V. The Netherlands
Plasticon Vert. GmbH Germany (60% Ownership)
Plasti-Fab, Inc. Oregon
Plastotec GmbH Austria (40% Ownership)
Rheinland Kunststoff GmbH Germany (25% Ownership)
SEFCO, Inc. Oklahoma
Sovap S.A. France
Plasticon Fluid Systems Delaware
W.A.P. Spoo Poland (60% Ownership)
Welna Andren Plastteknik AB Sweden (50% Ownership)
Welna France S.A. France
Welna Handel B.V. The Netherlands
Welna Handel Belgium N.V. Belgium
Welna Kunststoffen B.V. The Netherlands
Welna U.K. Ltd. U.K.
Welna, N.V. The Netherlands
Woodcap B.V. The Netherlands
</TABLE>
-----------------------------------
* All subsidiaries are, directly or indirectly, owned 100% by Denali
Incorporated unless otherwise noted.