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Albany International
-5.35%
Cutting-edge materials / Advanced materials and engineered products
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Overview
Albany International is a global advanced textiles and materials processing company that specializes in manufacturing high-performance specialty papers, fabrics, and composites. The company was founded in 1895 in Albany, New York, and has since expanded its operations to over 15 countries.
Albany International is a leader in the paper industry, producing paper machine clothing that is used in a variety of applications, including tissue, packaging, and printing. They also provide fabrics and belts for industrial processes, such as filtration and heat-treating.
The company's composites division produces advanced materials for use in aerospace, automotive, and other high-tech industries. They offer a range of products, including structural and engine components, as well as advanced composite structures for defense and industrial applications.
Albany International is committed to sustainability and offers a variety of products made with renewable, responsibly sourced materials. They also prioritize reducing waste and energy consumption in their manufacturing processes.
The company's mission is to provide innovative, high-quality products to their customers and to continuously strive for improvement and growth in their industry. They have a strong focus on research and development to create new and improved products for their customers.
Albany International is a publicly traded company on the New York Stock Exchange (NYSE) under the ticker symbol AIN. They have over 5,000 employees worldwide and continue to expand their global presence through strategic partnerships and acquisitions.
Albany International is a leader in the paper industry, producing paper machine clothing that is used in a variety of applications, including tissue, packaging, and printing. They also provide fabrics and belts for industrial processes, such as filtration and heat-treating.
The company's composites division produces advanced materials for use in aerospace, automotive, and other high-tech industries. They offer a range of products, including structural and engine components, as well as advanced composite structures for defense and industrial applications.
Albany International is committed to sustainability and offers a variety of products made with renewable, responsibly sourced materials. They also prioritize reducing waste and energy consumption in their manufacturing processes.
The company's mission is to provide innovative, high-quality products to their customers and to continuously strive for improvement and growth in their industry. They have a strong focus on research and development to create new and improved products for their customers.
Albany International is a publicly traded company on the New York Stock Exchange (NYSE) under the ticker symbol AIN. They have over 5,000 employees worldwide and continue to expand their global presence through strategic partnerships and acquisitions.
What is special about the company?
1. Pioneering role in the paper industry: Albany International has a long history of innovation and leadership in the paper industry. The company first started as a paper manufacturer in 1895 and has since then expanded to become a global leader in the design, production, and customization of paper machine clothing and other specialty industrial fabrics.
2. Global presence: Albany International has a strong global presence with manufacturing facilities, service centers, and sales offices in over 20 countries. This allows the company to provide timely and efficient service to customers worldwide and serve a diverse range of industries.
3. Diverse product portfolio: The company offers a wide range of products to serve multiple industries. Some of their key products include paper machine clothing, advanced composites, and specialty fabrics for aerospace applications, as well as other industrial fabrics for filtration, building materials, and other industries.
4. Innovation and R&D: Albany International invests heavily in research and development to continuously innovate and improve their products. The company has a dedicated team of engineers and technicians who work closely with customers to develop customized solutions for their specific needs.
5. Sustainability commitment: Albany International is committed to sustainability and has implemented many initiatives to reduce their environmental impact. This includes developing environmentally friendly products, reducing energy consumption, and implementing sustainable practices in their manufacturing processes.
6. Strong customer relationships: The company has established long-term relationships with many leading companies in various industries. Their commitment to quality and customer service has helped them build a strong reputation and earn the trust of their customers.
7. Employee development and diversity: Albany International values its employees and provides them with opportunities for growth and development. The company also promotes diversity and inclusivity in its workforce, with employees from different backgrounds and cultures.
8. Corporate social responsibility: As a responsible corporate citizen, Albany International actively participates in programs and initiatives that benefit the communities where it operates. This includes supporting education, health, and environmental programs, as well as charitable donations and volunteer work.
2. Global presence: Albany International has a strong global presence with manufacturing facilities, service centers, and sales offices in over 20 countries. This allows the company to provide timely and efficient service to customers worldwide and serve a diverse range of industries.
3. Diverse product portfolio: The company offers a wide range of products to serve multiple industries. Some of their key products include paper machine clothing, advanced composites, and specialty fabrics for aerospace applications, as well as other industrial fabrics for filtration, building materials, and other industries.
4. Innovation and R&D: Albany International invests heavily in research and development to continuously innovate and improve their products. The company has a dedicated team of engineers and technicians who work closely with customers to develop customized solutions for their specific needs.
5. Sustainability commitment: Albany International is committed to sustainability and has implemented many initiatives to reduce their environmental impact. This includes developing environmentally friendly products, reducing energy consumption, and implementing sustainable practices in their manufacturing processes.
6. Strong customer relationships: The company has established long-term relationships with many leading companies in various industries. Their commitment to quality and customer service has helped them build a strong reputation and earn the trust of their customers.
7. Employee development and diversity: Albany International values its employees and provides them with opportunities for growth and development. The company also promotes diversity and inclusivity in its workforce, with employees from different backgrounds and cultures.
8. Corporate social responsibility: As a responsible corporate citizen, Albany International actively participates in programs and initiatives that benefit the communities where it operates. This includes supporting education, health, and environmental programs, as well as charitable donations and volunteer work.
What the company's business model?
The Albany International company's business model is primarily focused on the design, manufacture, and supply of advanced textiles and materials for various industrial applications. This includes specialized fabrics, belts, and other products for the paper and packaging, nonwovens, and composites industries. The company also offers a range of services and solutions to its clients, including engineering, technical support, and maintenance and repair services. In addition, Albany International has a research and development division that works towards developing innovative products and technologies to meet the evolving needs of its customers. The company operates globally and has a diversified customer base, with a focus on providing high-quality products and services, while also maintaining a strong financial performance.
Interesting facts about the company
1. The company was founded in 1895 as the Albany Felt Company, making it over 125 years old.
2. Its first product was a papermaking felts used to manufacture paper, which are still a major part of the company’s business today.
3. In 1930, the company expanded its product line to include synthetic felts and fabrics.
4. During World War II, Albany International developed and produced synthetic materials for military use, including parachutes and aircraft parts.
5. In the 1960s, the company became a leader in the design and production of belts for high-speed printing presses.
6. Today, Albany International is a global company with manufacturing facilities and sales offices in over 20 countries.
7. The company’s products are used in a variety of industries, including paper and packaging, aerospace, automotive, and healthcare.
8. Albany International is known for its innovation and commitment to sustainability, earning multiple awards and certifications for its environmentally friendly practices.
9. It is one of the largest manufacturers of fabrics used in the production of airbags, with a market share of over 25%.
10. The company has made several acquisitions over the years, including the acquisition of PrimaLoft, the leading provider of advanced insulation technology.
11. In 2013, Albany International opened a state-of-the-art manufacturing facility in China to meet the growing demand for its products in the Asian market.
12. The company has a rich history of philanthropy, supporting organizations and causes related to education, healthcare, and the environment.
13. Albany International has been recognized for its commitment to promoting diversity and inclusion in the workplace, earning awards such as the Women’s Choice Award for Best Company for Women.
14. In 2019, the company reported net sales of $1.03 billion and employed over 4,400 people worldwide.
15. Despite its global reach, Albany International remains headquartered in Albany, New York, where it was founded over a century ago.
See Company Due Diligence:
2. Its first product was a papermaking felts used to manufacture paper, which are still a major part of the company’s business today.
3. In 1930, the company expanded its product line to include synthetic felts and fabrics.
4. During World War II, Albany International developed and produced synthetic materials for military use, including parachutes and aircraft parts.
5. In the 1960s, the company became a leader in the design and production of belts for high-speed printing presses.
6. Today, Albany International is a global company with manufacturing facilities and sales offices in over 20 countries.
7. The company’s products are used in a variety of industries, including paper and packaging, aerospace, automotive, and healthcare.
8. Albany International is known for its innovation and commitment to sustainability, earning multiple awards and certifications for its environmentally friendly practices.
9. It is one of the largest manufacturers of fabrics used in the production of airbags, with a market share of over 25%.
10. The company has made several acquisitions over the years, including the acquisition of PrimaLoft, the leading provider of advanced insulation technology.
11. In 2013, Albany International opened a state-of-the-art manufacturing facility in China to meet the growing demand for its products in the Asian market.
12. The company has a rich history of philanthropy, supporting organizations and causes related to education, healthcare, and the environment.
13. Albany International has been recognized for its commitment to promoting diversity and inclusion in the workplace, earning awards such as the Women’s Choice Award for Best Company for Women.
14. In 2019, the company reported net sales of $1.03 billion and employed over 4,400 people worldwide.
15. Despite its global reach, Albany International remains headquartered in Albany, New York, where it was founded over a century ago.
See Company Due Diligence:
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