Albany International Corp Overview
Pro stress-test →Albany International engages in the machine clothing and engineered composites businesses, operating through two segments: Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs and manufactures paper machine clothing for paper manufacturing and industrial applications, while the AEC segment produces 3D-woven and injected composite components for aircraft engines and military/commercial aircraft.
Strategic Profile
Pro stress-test →In 2024, Albany International's revenue was $1.23 billion, up 7.20% year-over-year. Growth in sustainable packaging and aerospace composites positions Albany for revenue stability and improved margins, with ongoing investments in automation and supply chain optimization driving cost efficiency. The company is navigating a transition year with focused execution on integration and operational improvements.
Competitive Landscape
Pro stress-test →Albany International specializes in designing and manufacturing high-performance engineered fabrics and composite components serving the paper, industrial manufacturing, and aerospace industries. Key competitors include specialty fabric manufacturers and composite suppliers serving similar end-markets, though Albany maintains unique market positioning in both traditional machine clothing and advanced aerospace composites.
Industry Context
Albany International Corp operates in Textile Manufacturing and Engineered Composites / Industrial Equipment.
Key facts
Founded: 1895 · Headquarters: Rochester, NH · Employees: 5700 · Revenue: $1.23B · Market cap: $1.62B