Albany International Corp - Company Profile

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Albany International Corp: Overview

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Albany International Corp (Albany) offers the textiles and materials processing business. It produces custom-designed fabrics and belts that are used in the production of paper, nonwovens, and other process industries. It also supplies engineered fabrics and belts for process industries such as corrugators, nonwovens, building products, tannery and textile. In addition, Albany offers automated material placement, braiding, 2D laminated composite structures, 3D-woven reinforced composites technology, thermoplastic pultrusion and filament winding for the commercial and defense aerospace industries. The company has an operational presence in North America, Europe and Asia-Pacific. Albany is headquartered in Rochester, New Hampshire, the US.

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Headquarters United States of America
Address 216 Airport Drive, Rochester, New Hampshire, 03867
Website www.albint.com
Telephone 1 603 3305850
No of Employees 4,100
Industry Industrial Goods and Machinery
Ticker Symbol & Exchange AIN (NYSE)
Revenue (2022) $1.0B 11.4% (2022 vs 2021)
EPS XYZ
Net Income (2022) XYZ -19.2% (2022 vs 2021)
Market Cap* $2.8B
Net Profit Margin (2022) XYZ -27.5% (2022 vs 2021)
* As of and is in US$
View Albany International Corp financials
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Albany International Corp premium industry data and analytics

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ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Albany International Corp’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Products Services
Paper Machine Clothing Manufacturing of Paper
Engineered Fabrics and Belts Pulp or Fiber Preparation
Advanced Composite Materials
XYZ
XYZ
XYZ
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2023 Contracts/Agreements In June, the company entered into an agreement to acquire Heimbach Group, a supplier of paper machine clothing.
2023 Contracts/Agreements In April, Albany Engineered Composites secured US$4 million contract award from the U.S. Army for hypersonic development.
2022 Contracts/Agreements In February, Albany Engineered Composites was selected by Sikorsky Aircraft to produce the complete CH-53K Aft Transition assembly.
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Competitor Comparison

Key Parameters Albany International Corp Triumph Group Inc Barnes Group Inc Enpro Inc Kadant Inc
Headquarters United States of America United States of America United States of America United States of America United States of America
City Rochester Radnor Bristol Charlotte Westford
State/Province New Hampshire Pennsylvania Connecticut North Carolina Massachusetts
No. of Employees 4,100 445 5,200 3,500 3,400
Entity Type Public Public Public Public Public
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Executives
Name Position Board Since Age
John R Scannell Chairman Executive Board 2024 59
Gunnar Kleveland President; Chief Executive Officer Senior Management 2023 -
Robert D. Starr Treasurer; Chief Financial Officer Senior Management 2023 55
John J Tedone Chief Accounting Officer Senior Management 2023 58
Robert A Hansen Senior Vice President; Chief Technology Officer Senior Management 2010 65
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
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