Albany International Corporation (AIN)

AIN Profile

Exchange: NYSE
Sector: Consumer Cyclical
Industry: Textile Manufacturing

Albany International supplies the worldwide pulp and paper industry, as well as other process industries, with technologically advanced structured materials and related services. The company operates through five business segments: Paper Machine Clothing, Albany Door Systems, Engineered Fabrics, Engineered Composites and PrimaLoft Products. The Company is the world's largest producer of custom-designed engineered fabrics called paper machine clothing (PMC). These consumable fabrics are used to manufacture all grades of paper from lightweight paper to heavyweight containerboard. PMC fabrics, essential to the papermaking process, are manufactured from monofilaments, multifilaments, and synthetic fiber materials. The Albany Door Systems segment designs, manufactures, sells, and services high-speed, high-performance industrial doors worldwide, for a wide range of interior, exterior, and machine protection industrial applications. The Engineered Fabrics segment provides nonwovens, including diapers, and personal care and household wipes; and building products comprising fiberglass-reinforced roofing shingles. Its Engineered Composites segment offers specialty materials and composite structures for aircraft and other applications. The PrimaLoft Products segment provides insulation for outdoor clothing, gloves, footwear, sleeping bags, and home furnishings. The company was founded in 1895 and is headquartered in Rochester, New Hampshire.