Silgan Holding’s net income plummeted year-on-year in Q2 by $40.6m (€33.5m) and warned planned custo
date:Jul 27, 2012
operating margin decreased to 8.4%.
The decrease in income from operations was due to less favourable mix of products sold, volume declines in European markets due to economic weakness and $1.9m costs associated with the start-up of three production facilities in eastern Europe and one facility in the Middle East.

This was partially offset by charges in the second quarter of 2011 of $3.3m related to the resolution of a past product liability dispute.

Net sales of the closures business were

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