Albany International is a global advanced textiles and materials processing company.
Founded in 1895, the Company is headquartered in Rochester, New Hampshire, and employs approximately 4,300 people worldwide. Our manufacturing operations are strategically located to serve our global customers.
Albany International trades on the New York Stock Exchange under the symbol AIN and is a component of the S&P SmallCap 600 and Russell 2000 Indices.
Core Competency
The Company's core business is the world's largest producer of custom-designed engineered fabrics and process belts, called paper machine clothing (PMC). These consumable fabrics are used to manufacture all grades of paper from lightweight paper to heavyweight containerboard. PMC fabrics are essential to the papermaking process and are manufactured from monofilaments, multifilaments, and synthetic fiber materials.
Strategic Diversification
In its family of growth businesses, Albany applies its core capabiilties in materials technology to the development of unique materials and structures for a variety of other industries. These include composite structures for the aerospace industry, belting for corrugator and tannery applications, specialty fabrics for the nonwovens, pulp, building products, textile, and fiber cement industries and PrimaLoft patented "synthetic down" insulation for the technical outerwear and home furnishings markets.
Vision
Our vision is to continue the transformation of Albany International into a balanced, complementary portfolio of cash-generating and growth businesses.
Mission
Our mission is to become the total leader in each market we serve--delivering differentiating products and service with the highest quality and reliability--while striving to achieve the lowest possible cost of operations.
Objective
Our objective is to generate simultaneously the cash needed to fuel growth, pay down debt and continue to deliver dividends, and the growth needed to drive shareholder returns.