Albany International Corp. is a specialized industrial manufacturer that operates through two distinct business segments: Machine Clothing (MC) and Albany Engineered Composites (AEC). The Machine Clothing segment, which generated approximately 61% of total revenues in 2024, is the world's leading producer of custom-designed, consumable fabrics and high-speed process belts. These highly engineered permeable and impermeable belts are critical components in the manufacture of paper, paperboard, tissue, towel, pulp, and nonwovens. The segment benefits from a recurring revenue model driven by the frequent replacement cycles of these consumable products in global paper and packaging mills.
The Albany Engineered Composites segment, accounting for the remaining 39% of revenues, provides advanced composite technology solutions for the aerospace and defense industries. AEC designs and manufactures lightweight, high-strength composite structures and assemblies using proprietary 3D-weaving technologies. Key applications include commercial aircraft engines, military airframes, space-launch vehicles, and emerging advanced air mobility platforms. The company participates in major aerospace programs such as the LEAP engine and the CH-53K helicopter.
Geographically, Albany International operates a broad manufacturing and service network with facilities in the United States, Mexico, Brazil, Europe, and Asia, allowing it to serve a diverse global customer base. The company's competitive position is supported by its extensive materials science expertise, long-standing customer relationships, and significant intellectual property in textile and composite processing.
