Company
Albany International Corp.
Headquarters: Rochester, NH, United States
Founded: March 8, 1895
Employees: 4,100
CEO: Mr. Andrew William Higgins
Market Cap
$3.09 Billion
USD as of Jan. 1, 2023
Albany International Corp. Categories
United States
languages
Consumer Discretionary
languages
Textile Manufacturing
United States Consumer Discretionary
United States Textile Manufacturing
Top Competitors by Market Capitalization
Industry: Textile Manufacturing
Shenzhou International Group Holdings Ltd
Hengli Petrochemical Co.,Ltd.
Sasa Polyester Sanayi A.S.
Chargeurs SA
Toray Industries, Inc.
Detailed Description
Albany International Corp., together with its subsidiaries, engages in the textile and materials processing business. The company operates in two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing for use in the manufacturing of papers, paperboards, tissues, and towels. This segment offers forming, pressing, and drying fabrics, as well as process belts used in the manufacture of nonwovens, fiber cement and several other industrial applications; and engineered fabrics. The AEC segment 3D-woven and injected composite components for aircraft engines composite airframe and engine components for military and commercial aircraft. It operates in the United States, Switzerland, Brazil, China, France, Mexico, and internationally. Albany International Corp. was incorporated in 1895 and is headquartered in Rochester, New Hampshire.
Product & Services
Machine clothingComposite materials
Key People
Founder(s): Parker Corning Duncan Fuller Selden Marvin James W. Cox
A. William Higgins, President and Chief Executive Officer; Charles J. Silva Jr., General Counsel and Company Secretary; Stephen Nolan, CFO
Financials
Revenue: US$ 863.7 million (Net sales) (2017)
Operating income: US$76.2 million
Net income: US$ 295.8 million (2017)