Albany International Corp - Company Profile
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Albany International Corp (Albany) is a materials engineering processing company. It develops and manufactures engineered components. The company produces custom-designed and process belts, which finds applications in the production of paper, nonwovens, and other process industries. Albany also designs and manufactures advanced materials-based components for aerospace applications. In addition, it manufactures advanced composite parts and assemblies for complex aerospace applications, using technologies via proprietary 3D-woven reinforced composites technology and traditional 2D laminated composite structures. The company operates in the North America, South America, Europe, and the Asia-Pacific. Albany is headquartered in Rochester, New Hampshire, the US
Headquarters
United States of America
Address
216 Airport Drive, Rochester, New Hampshire, 03867
Website
www.albint.com
Telephone
1 603 3305800
No of Employees
5,700
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
AIN (NYSE)
Revenue (2024)
$1.2B
-3.9%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-165.4%
(2024 vs 2023)
Market Cap*
$2.1B
Net Profit Margin (2024)
XYZ
-168.1%
(2024 vs 2023)
* As of and is in US$
Albany International Corp premium industry data and analytics
Products and Services
| Products |
|---|
| Paper Machine Clothing |
| Advanced Composite Materials |
| Engineered Fabrics and Belts |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In September, Albany Engineered Composites, Inc. secured contracts from Lockheed Martin’s Missiles & Fire Control business for the JASSM and LRASM missile programs at its facility in Salt Lake, Utah, the US. |
| 2023 | Contracts/Agreements | In August, the company completed the acquisition of Heimbach GmbH ("Heimbach"), a privately-held manufacturer of paper machine clothing and technical textiles |
| 2023 | Contracts/Agreements | In April, Albany Engineered Composites secured US$4 million contract award from the U.S. Army for hypersonic development. |
Competitor Comparison
| Key Parameters | Albany International Corp | Murata Machinery Ltd | Astenjohnson | Itema Group | KARL MAYER Textilmaschinenfabrik GmbH |
|---|---|---|---|---|---|
| Headquarters | United States of America | Japan | Belgium | Italy | Germany |
| City | Rochester | Kyoto | Kettenis | Colzate | Obertshausen |
| State/Province | New Hampshire | Kyoto | - | Lombardia | Hessen |
| No. of Employees | 5,700 | 4,133 | - | - | - |
| Entity Type | Public | Private | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| John R Scannell | Chairman | Executive Board | 2024 | 62 |
| Gunnar Kleveland | Director; President; Chief Executive Officer | Executive Board | 2023 | 56 |
| Willard Station | Executive Vice President; Chief Financial Officer | Senior Management | 2025 | 50 |
| Sean Valashinas | Vice President; Chief Accounting Officer | Senior Management | 2025 | 54 |
| Robert A Hansen | Chief Technology Officer; Senior Vice President | Senior Management | 2010 | 68 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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