AIN Albany International Corp. Class A

Albany International Announces Collaboration Agreement With Airbus on Wing of Tomorrow Program

Albany International Corp. (NYSE: AIN) announced today that its subsidiary, Albany Engineered Composites (AEC), has signed a two year Collaborative Research Agreement (CRA) with Airbus on the Wing of Tomorrow program to apply Albany’s 3D reinforced composites technology to next generation wing substructure applications.

Albany’s 3D composite technology, used extensively today in the CFM Leap Engine, will be adapted to the unique requirements of Airbus’s next generation airframe and production system. Albany believes its innovative resin-infused dry 3D fiber preform technology will deliver a cost-effective, out-of-autoclave wing substructure solution to Airbus that achieves superior damage tolerance and resistance to out-of-plane loads, and is more scalable to their desired production rates for next generation single aisle aircraft.

“We are very pleased to collaborate with Airbus to apply our 3D design and manufacturing know-how to their next generation aircraft”, said Olivier Jarrault, Albany International President and CEO. “We believe Albany provides unique design and production capabilities to Airbus, and this agreement marks an exciting and important next step in our relationship.”

About Albany International Corp.

Albany International is a global advanced textiles and materials processing company, with 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 Engineered Composites is a rapidly growing supplier of highly engineered composite parts for the aerospace industry. Albany International is headquartered in Rochester, New Hampshire, operates 23 plants in 11 countries, employs 4,450 people worldwide, and is listed on the New York Stock Exchange (Symbol AIN). Additional information about the Company and its products and services can be found at .

EN
06/12/2019

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Reports on Albany International Corp. Class A

 PRESS RELEASE

Albany International Profiled for World Engineering Day 2025

ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE:AIN) is honored to be one of 80 companies profiled for the World Engineering Day 2025 campaign. World Engineering Day for Sustainable Development (WED) 2025 will be launched at UNESCO’s Paris headquarters on 4 March 2025, marking the start of a year-long campaign of events, films and related articles and news. An official International Day, as proclaimed by UNESCO, WED is jointly operated by UNESCO and the World Federation of Engineering Organizations (WFEO). This year’s theme is “Shaping our sustainable future through engin...

 PRESS RELEASE

Albany International Reports Fourth-Quarter 2024 Results

ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE:AIN) today reported operating results for its full year and fourth quarter of 2024, which ended December 31, 2024. "We continue to perform well in both our businesses, as evidenced by strong results at Machine Clothing and ongoing operational progress steered by new leadership at Engineered Composites," said Gunnar Kleveland, President and Chief Executive Officer. "For the full year we reported record revenues of nearly one and a quarter billion dollars driven by organic growth and our Heimbach acquisition. With increased fo...

 PRESS RELEASE

Albany International Declares Dividend

ROCHESTER, N.H.--(BUSINESS WIRE)-- The Board of Directors of Albany International Corp. (NYSE: AIN) today declared a quarterly dividend of $0.27 per share on the Company’s Class A Common Stock. The dividend is payable April 7, 2025, to shareholders of record on March 21, 2025. About Albany International Corp. Albany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses. Machine Clothing is the world’s leading producer of custom-designed, consumable belts essential for the ma...

 PRESS RELEASE

Albany International Corp. Announces Plans to Consolidate Manufacturin...

ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Italia Srl, an affiliate of Albany International Corp. (NYSE:AIN), announced today that it will initiate consultations with employee representatives regarding the decision to discontinue manufacturing operations at a leased facility in Ballo, Italy, and to transfer production to a facility in Merone, Italy owned by Industrie Tessili Bresciane Srl, a separate affiliate of Albany International Corp. The action is subject to local law and will be implemented in accordance with such law after consultation with the employees’ representative bo...

 PRESS RELEASE

Albany International Included in Forbes’ America’s Best Employers 2025...

ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International has been included on the Forbes list of America’s Best Employers 2025. This prestigious award is presented in collaboration with Statista, the world-leading statistics portal and industry ranking provider. The award list was announced on February 12th, 2025, and can be viewed on Forbes’ website. Forbes and Statista selected America’s Best Employers 2025 through an independent survey from a vast sample of over 217,000 U.S. employees working for companies employing at least 1,000 people within the U.S. Over 6.5 million employer evaluation...

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