Company news

6th Nov 2019

Albany has announced that the company's board of directors has appointed Greg Harwell as group president for Albany Engineered Composites (AEC), effective November 4, 2019. Albany, headquartered in the US, is a developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses.

12th Aug 2019

Albany International Corp's net sales increased 7.3 per cent to $273.9 million for Q2 of FY 2019 ending June 30, 2019. This reflected strong growth in Engineered Composites and a modest decline in Machine Clothing compared to a very strong Q2 FY18 in that segment. Excluding impact of currency translation effects, net sales increased 8.8 per cent.

6th Mar 2019

Albany International Corp, a global advanced textiles and materials processing company, has appointed director William Higgins as chairman of its board of directors succeeding director Erkie Kailbourne, who had served as chairman since 2008. Higgins joined the Albany board in 2016 and currently serves as chairman of the compensation committee.

14th Feb 2019

Albany International Corp, a global advanced textiles and materials processing company, has reported net income of $17.6 million in Q4 2018. Net sales of the company were $251.6 million in Q4, an increase of 11.0 per cent compared to Q4 2017. Excluding the impact of adoption of ASC 606 revenue recognition standard, net sales increased 14.5 per cent.

3rd Nov 2018

Albany International Corp (AEC), a global advanced textiles processing company, has reported net income of $28.2 million in Q3 2018 compared to $15.3 million in Q3 2017. The net income increased by $0.7 million as a result of adoption of new revenue recognition standard (ASC 606). Net sales were $253.3 million, an increase of 14 per cent compared to...

7th Aug 2018

Albany International has recorded net sales of $256.2 million in the second quarter of fiscal 2018, an increase of 18.9 per cent compared to the same period in the previous year. Excluding the impact of the adoption of the new revenue recognition standard (ASC 606) and currency translation effects, the company's net sales increased 17.0 per cent.

22nd Feb 2018

Albany International Corp., a global advanced textiles and materials processing company, with two core businesses, Machine Clothing and Albany Engineered Composites, has announced that its Board of Directors has appointed Olivier Jarrault as president, chief executive officer, and BoD member to succeed Joseph G. Morone, effective March 2, 2018.

15th Nov 2017

Net sales for the third quarter of fiscal 2017 at Albany International, a global advanced textiles and materials processing company, has been recorded at $222.1 million, an increase of 16.1 per cent. The net income attributable to the company was $15.3 million ($0.47 per share), compared to $13.1 million ($0.41 per share) in the third quarter of fiscal ...

13th Oct 2017

Albany International has announced that its subsidiary, Albany International France, has begun discussions with the employee Works Council regarding a proposal to restructure operations at the company’s Machine Clothing production facilities in Sélestat, France. The proposed restructuring would reduce employment by approximately 54 positions.

3rd Aug 2017

Albany International Corporation has reported net sales of $215.6 million in the second quarter of 2017, an increase of 6.1 per cent compared to the same period last year. Net income attributable to the company was $1.1 million ($0.03 per share) in second quarter of 2017, compared to $10.4 million ($0.32 per share) in the same period in 2016.