Company news

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.

8th May 2017

The net sales of Albany International, a global advanced textiles and materials processing company, with two core businesses, for the first quarter of 2017, increased 15.6 per cent compared to 2016. Net income attributable to the company was $10.8 million as against the total of $13.5 million for the same period in the corresponding year.

13th Feb 2017

In the three months ended December 31, 2016, net sales at machine clothing and composites manufacturer Albany International, soared 20 per cent year on year to $213.0 million. The 20 per cent sales growth in the fourth quarter includes an 11.8 per cent increase in sales, as a result of an acquisition by Albany Engineered Composites in the second...

13th Sep 2016

Albany International Corp., a global advanced textiles and materials processing company, has appointed A. William Higgins to its Board of Directors. Higgins currently serves as a director of Kaman Corporation, a diversified aerospace and industrial distribution company, and Bristow Group Inc., a leading global industrial aviation services provider.

4th Aug 2016

US based producer of advanced textiles Albany International chalked a turnaround by reporting net income in the three months ending June 30, 2016 as against net loss in the same period of last year. In the second quarter of 2016, net income was $10.4 million or $0.32 per share, compared to net loss of $2.2 million or $0.07 loss per share in the same...

14th Apr 2016

Albany International has completed the acquisition of the composite aero-structures division at Harris Corporation.

1st Mar 2016

Albany International said it will acquire Harris Corporation’s composite aero-structures division for a total consideration of $210 million including

10th Feb 2016

Net earnings for the fourth quarter ended December 31, 2015 at Albany International soared to $1.17 per share, compared to $0.25 in the same quarter

26th Nov 2014

President of France, François Hollande inaugurated a new production plant in Commercy in Eastern France, which is a joint venture between Safran and

6th Nov 2014

Net income at advanced textiles producer and NYSE-listed – Albany International, zoomed 151 percent in the third quarter of 2014, from a year ago