Closure sales boost Silgan’s results

January 30: International specialist food can and closure manufacturer Silgan exceeded expectations with record year-end results released yesterday.
Sales were up by 9.6 percent to $2.92 billion, and profits by 20.8 percent to $259 million with – and this impressed the analysts most – margins up from 8.0 percent to 8.9 percent.
The increase in sales was largely due to higher average selling prices from the pass through of higher raw material prices.

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