EXHIBIT 99.1


News
For Immediate Release                                 SILGAN HOLDINGS INC.
                                                      4 Landmark Square
                                                      Suite 400
                                                      Stamford, CT  06901

                                                      Telephone: (203) 975-7110
                                                      Fax:       (203) 975-7902


                                                                 Contact:
                                                                 Robert B. Lewis
                                                                 (203) 406-3160




                SILGAN HOLDINGS ANNOUNCES COST SAVINGS INITIATIVE


STAMFORD, CT, July 7, 2006 -- Silgan Holdings Inc. (Nasdaq:SLGN) today announced
its decision to close its metal container facility in St. Paul, Minnesota.  This
action is a result of the Company's  on-going  efforts to streamline  operations
and reduce operating costs. The Company  anticipates  closing the facility early
in the second quarter of 2007.

By  eliminating  certain  activities  and  consolidating  others  into  existing
facilities, this action is expected to generate positive cash-on-cash returns by
contributing  annual  pre-tax  cash  savings in excess of $4 million  against an
incremental pre-tax cash cost of approximately $6 million. The Company estimates
that it will incur total cash and non-cash pre-tax charges of approximately  $15
million,  of which  approximately  $11 million will be recorded in 2006 with the
majority  of the balance to be recorded  in 2007.  The total  pre-tax  charge is
estimated to include  employee  severance and benefit costs of  approximately $9
million,  including  the  acceleration  of certain  pension and  post-retirement
benefits;  the  write  down in  carrying  value of assets  of  approximately  $3
million;  and plant exit costs of approximately $3 million. The incremental cash
expenditures of approximately $6 million will be incurred  primarily in 2007 and
2008. These charges will be updated as the Company finalizes its results for the
second quarter of 2006.

The Company's  earnings estimates provided on April 20, 2006 did not include the
impact of this rationalization charge.

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SILGAN HOLDINGS
July 7, 2006
Page 2

Silgan  Holdings is a leading  North  American  manufacturer  of consumer  goods
packaging  products with annual net sales of approximately $2.5 billion in 2005.
Silgan operates 65 manufacturing  facilities in the U.S.,  Canada and Europe. In
North  America,  Silgan is the  largest  supplier of metal  containers  for food
products  and a  leading  supplier  of  plastic  containers  for  personal  care
products.  In addition,  Silgan is a leading  supplier of metal,  composite  and
plastic  vacuum  closures  for food and beverage  products in North  America and
Europe.

Statements  included in this press release,  which are not historical facts, are
forward looking  statements  made pursuant to the safe harbor  provisions of the
Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act
of 1934.  Such  forward  looking  statements  are made based  upon  management's
expectations  and beliefs  concerning  future  events  impacting the Company and
therefore  involve a number  of  uncertainties  and  risks,  including,  but not
limited to, those described in the Company's Annual Report on Form 10-K for 2005
and other filings with the Securities and Exchange  Commission.  Therefore,  the
actual results of operations or financial  condition of the Company could differ
materially from those expressed or implied in such forward looking statements.

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