Company: SLGN
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000849869-25-000029
Chunk: 136

Company: SILGAN HOLDINGS INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1A
Chunk 136
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 economic uncertainty throughout the world, the current conflict in Russia and Ukraine, the current situation and recent geopolitical disruptions in the Middle East and the current trade uncertainty throughout 

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the world may have an adverse effect on our results of operations and financial condition. As a result of the current conflict in Russia and Ukraine, we shut down and ceased operations at our two metal container manufacturing facilities in Russia at the beginning of 2023, resulting in a reduction in net sales in our metal containers segment of $54.3 million in 2023 as compared to 2022.

Risks associated with operating in foreign countries could make it more difficult, impossible or more expensive to manufacture or deliver our products to our customers, obtain raw materials from our suppliers, or perform critical functions of our business, any of which could have an adverse effect on our business, results of operations and financial condition. Such risks include, but are not limited to:

•political, social and economic instability;

•inconsistent product regulation or policy changes by foreign agencies or governments;

•war, civil disturbance or acts of terrorism;

•the impact of pandemics and other diseases;

•trade disputes;

•compliance with and changes in applicable foreign laws;

•loss or non-renewal of treaties or similar agreements with foreign tax authorities;

•difficulties in enforcement of contractual obligations and intellectual property rights;

•high social benefits for labor;

•national and regional labor strikes;

•imposition of limitations on conversions of foreign currencies into U.S. dollars or payment of dividends and other payments by non-U.S. subsidiaries;

•foreign exchange rate risks;

•difficulties in expatriating cash generated or held by non-U.S. subsidiaries;

•uncertainties arising from local business practices and cultural considerations;

•changes in tax laws, or the interpretation thereof, affecting foreign tax credits or tax deductions relating to our non-U.S. earnings or operations;

•hyperinflation, currency devaluation or defaults in certain foreign countries;

•duties, taxes or government royalties, including the imposition or increase of withholding and other taxes on remittances and other payments by non-U.S. subsidiaries;

•customs, import/export and other trade compliance regulations or policies;

•product boycotts;

•non-tariff barriers and higher duty rates;

•difficulty in collecting international accounts receivable and potentially longer payment cycles;

•application of the Foreign Corrupt Practices Act and similar laws;

•increased costs in maintaining international manufacturing and marketing efforts; and

•taking of property by nationalization or