The Russian government has placed a third of Silgan Holdings Inc.’s local assets under temporary state administration, according to reports.

The move came in response to the US-based packaging company’s previously announced decision to sell its Russian operations. 

The newly controlled facility is now believed to be the final asset in Silgan’s Russian portfolio still subject to such governmental oversight.

Authorities initiated the takeover by appointing a temporary management team tasked with stabilising the plant’s operations amid increasing regulatory pressure. This marks a continuation of Moscow’s broad strategy of intervening in foreign-owned enterprises as Western sanctions and geopolitical risks rise.

Silgan, which manufactures metal containers and custom plastic packaging globally, has been winding down its presence in Russia. 

This recent action underscores the heightened operational risk for Western firms active in the country. The firm had already transferred two of its local assets under similar measures. With this third plant now affected, investors and stakeholders are reconsidering the implications for Silgan’s earnings and its broader global supply chain.

Analysts comment that this kind of administrative takeover signals deepening state involvement in private industry and adds to the uncertainty facing international companies navigating the Russian market. 

Although Silgan had been seeking exit options, the sudden shift in management control may complicate efforts to divest and recover value from its Russian operations.

Recent Corporate Performance

In its third quarter of 2025, Silgan reported a 15% year-on-year increase in sales, rising to US$2.01 billion, driven by growth in its metal containers and dispensing & specialty closures segments and the integration of its Weener Plastics acquisition.

Net income rose to US$113.3 million, or US$1.06 per diluted share, up from US$100.1 million and US$0.93 per share a year earlier. Adjusted earnings per share edged up 1% to US$1.22.

The Dispensing & Specialty Closures segment posted record adjusted EBIT of US$113.5 million (up 19%) with net sales of US$690.4 million (up 23%).

The Metal Containers segment generated US$1.16 billion in net sales (up 13%), helped by a 4% increase in volume including strong pet-food packaging demand; however adjusted EBIT slightly declined due to less favourable price/mix.

Looking ahead, Silgan lowered its full-year 2025 adjusted EPS forecast to US$3.66–3.76, citing weaker demand for personal care and home care packaging in North America, a higher tax rate, and increased interest expense following a euro-bond issuance.

Despite these headwinds, the company said it remains well-positioned for continued growth through 2026 and beyond.