Albany International is leaning on two newer growth engines—packaging tied to online shopping and high-performance materials for aircraft—to make its business less dependent on declining paper markets. The catch is that factory hiccups, heavy spending to scale new aerospace programs, and reliance on a few major customers could make results bumpier than they look.Read more
Albany International’s long-running paper-focused business faces shrinking demand, while rising compliance and supply chain costs could make profits harder to grow. The big question is whether its push into defense, aerospace, and newer materials can grow fast enough to steady results and protect margins.Read more
Albany International is betting that newer lightweight materials and greener manufacturing can open doors in aerospace and industrial equipment while recent factory changes help it run leaner. But its older paper-related business faces long-term decline, and big new aerospace projects could stumble or cost more than expected.Read more
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Albany International Corp., together with its subsidiaries, engages in the machine clothing and engineered composites businesses in the United States, Switzerland, France, Brazil, China, Mexico, Germany, and internationally. The company operates through two segments: Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing for use in the manufacturing of papers, paperboard, tissues, towels, pulps, building products, tannery, and textiles, as well as nonwovens, fiber cement, and several other industrial applications. This segment offers paper machine clothing forming, pressing, and drying fabrics, as well as processing belts; and engineered fabrics. Its AEC segment 3D-woven and injected composite components for aircraft engines composite airframe and engine components for military and commercial aircraft. The company sells its products to commercial and defense markets, space-launch vehicles and the emerging advanced air mobility market, as well as to customer end-users. Albany International Corp. was incorporated in 1895 and is headquartered in Portsmouth, New Hampshire.
