Albany International Corp. is a global advanced textiles and materials processing company.
Founded in 1895, the Company is headquartered in Rochester, New Hampshire, operates 18 plants in 11 countries, employs 4,000 people worldwide, and is listed on the New York Stock Exchange (Symbol AIN). Sales in 2012 were $760.9 million.
Albany International has two core businesses:
Machine Clothing is the world’s leading producer of custom-designed fabrics and belts essential to production in the paper, nonwovens, and other process industries.
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.
Our Investment Proposition
A small cap with the cash generation potential of a value stock combined with the revenue potential of a growth stock.
Focus and lead. Focus on markets in which our core capabilities in advanced textiles and materials provide the basis for sustainable advantage, and in those markets, strive for total leadership – best products and services, first to market, with the highest quality and reliability and at the lowest costs of operation possible.
Our Near-Term Objective
Execute. Maintain market leadership and financial performance in PMC (primary product line of the Machine Clothing business). Prepare for the ramp in Albany Engineered Composites.
Our Long-Term Objective
Cash flow and grow. Year over year, steadily improving earnings coupled with a strong balance sheet and excess cash flow.