Silgan's Metal Can Weakness More Than Offsets Strength in Closures and Plastics
Although Silgan reported decent financial results in the fourth quarter, its core metal food can business continues to struggle. Metal container segment income fell short of our expectations for 2018, due to the continued challenge of managing capacity relative to falling demand. The quarter was highlighted by fairly strong revenue and operating income in the smaller closures and plastics segments. Results from these segments lined up closely with our prior expectations. However, we've slightly ...Silgan Holdings is a holding company. Through its subsidiaries, the company manufactures rigid packaging for consumer goods products. The company operates three businesses; its metal container business, which used primarily by processors and packagers for food products, such as vegetables, soup, proteins, tomato based products, adult nutritional drinks and fruit ; its closures business, which manufactures metal and plastic closures and dispensing systems for food and beverage and health care products; and its plastic container business, which manufactures custom designed and stock plastic containers for personal care and health care products, including containers for mouthwash, shampoos, and conditioners.
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