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Albany International information


Albany International Corp.
FormerlyAlbany Felt Company
Company typePublic
Traded as
NYSE: AIN (Class A)
  • S&P 600 component
  • Russell 2000 component
IndustryIndustrial goods
FoundedMarch 8, 1895; 129 years ago (1895-03-08) in Albany, New York, United States[1]
Founders
  • Parker Corning
  • Duncan Fuller
  • Selden Marvin
  • James W. Cox
[1]
Headquarters216 Airport Drive,
Rochester, New Hampshire
,
US
Number of locations
19
Area served
Worldwide
Key people
  • A. William Higgins (president and CEO)
  • Charles J. Silva Jr. (general counsel and company secretary)
  • Stephen Nolan (CFO)
Products
  • Machine clothing
  • Composite materials
RevenueIncreaseUS$ 863.7 million (Net sales)[2] (2017)
Operating income
IncreaseUS$76.2 million[2]
Net income
IncreaseUS$ 295.8 million (2017)
Number of employees
4,400[2] (2017)
Divisions
  • Albany Engineered Composites
  • Machine Clothing
Websitealbint.com

Albany International Corp., originally the Albany Felt Company, is an industrial-goods company based in Rochester, New Hampshire, United States. It makes two different lines of products: machine clothing, in particular, felts for use in paper manufacturing and textile processing; and composites used in the aerospace industry. Its shares trade on the New York Stock Exchange under the ticker symbol AIN.[3] It is included in both the S&P 600 and the Russell 2000 stock indices.[4]

The company was founded in Albany, New York, in 1895 to make felts, serving the many paper mills in the region. It grew and prospered throughout the early 20th century, even during the Great Depression. In the later half of the 20th century, it began acquiring overseas firms and expanding into the composites sector. In 2013 it moved its headquarters to New Hampshire to better serve its aerospace customers.

  1. ^ a b "Getting Started". Albany International Corp. 2014. Retrieved March 1, 2016.
  2. ^ a b c "2017 10-K for Albany International Corp". 16 March 2019.
  3. ^ "Albany International Corp. (AIN)". Yahoo! Finance. 2009. Retrieved March 1, 2016.
  4. ^ "About us". Albany International Corp. 2014. Retrieved March 1, 2016.

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