Albany International

Albany International Announces Discontinuation of Manufacturing Capacity in South Korea

Retrieved on: 
Friday, April 19, 2024
Engineering, Air, Aerospace, Transport, Manufacturing, Other Manufacturing, Textiles, Albany International, Marketing, AIN

Albany International Korea, Inc., an affiliate of Albany International Corp. (NYSE:AIN), announced today its plan to discontinue manufacturing at its operations in Chungju, South Korea, and to transfer production to other Albany International manufacturing facilities.

Key Points: 
  • Albany International Korea, Inc., an affiliate of Albany International Corp. (NYSE:AIN), announced today its plan to discontinue manufacturing at its operations in Chungju, South Korea, and to transfer production to other Albany International manufacturing facilities.
  • This action will enable the Company to align forming fabric capacity with the local market demand and the needs of customers.
  • The company remains committed to the local papermaking industry and will continue to provide customers with strong expertise in Product Application, Sales and Marketing, Service through the current Sales, Service & Application teams located in South Korea.
  • The transfer of production will be supervised by technical and manufacturing personnel to ensure continuity of customer supply and will be completed by July 2024.

Albany Engineered Composites to exhibit at JEC World 2024

Retrieved on: 
Tuesday, February 13, 2024
Environment, Air, Engineering, Transport, Military, Aerospace, Sustainability, Manufacturing, Government Technology, Defense, JEC, Airbus, Composite, Albany International, AEC, 3D printing

Albany Engineered Composites (AEC) will be exhibiting in Hall 6, Booth K24 at JEC World in Paris, France, the largest international composites event from March 5-7, 2024.

Key Points: 
  • Albany Engineered Composites (AEC) will be exhibiting in Hall 6, Booth K24 at JEC World in Paris, France, the largest international composites event from March 5-7, 2024.
  • At JEC World 2024, Innovation Planets showcases composite innovations with unique properties and possibilities.
  • This part achieves a significant weight savings in comparison to metallic versions of the application, which allows for improved fuel efficiency and emissions reduction.
  • AEC’s world-class talent, technology and commitment to operational excellence allows us to execute industry-leading on-time delivery and quality.

Albany International Appoints Gunnar Kleveland as President and Chief Executive Officer

Retrieved on: 
Monday, August 21, 2023
Aerospace, Manufacturing, Other Manufacturing, Air, Transport, AIN, Integrated operations, Textron, Safety, Symbol, Midwestern State University, Albany International, Bell Textron, Royal Norwegian Air Force, Carbon, Norwegian Armed Forces, SHI International Corp, Business administration, Acquisition, Embry–Riddle Aeronautical University, Safety (gridiron football position), Master of Business Administration, Heimbach Group, NYSE, Management, Science

Albany International Corp. (“Albany” or the “Company”) (NYSE: AIN) today announced that its Board of Directors has appointed Gunnar Kleveland to succeed Bill Higgins as President and CEO, effective September 1.

Key Points: 
  • Albany International Corp. (“Albany” or the “Company”) (NYSE: AIN) today announced that its Board of Directors has appointed Gunnar Kleveland to succeed Bill Higgins as President and CEO, effective September 1.
  • Mr. Kleveland is a seasoned executive with nearly two decades of industrial and aerospace leadership experience at Textron Inc.
  • He also held various leadership roles in strategic sourcing, supply chain and logistics at Bell Helicopter, including as Executive Vice President of Integrated Operations.
  • “We are pleased to have identified such an accomplished and experienced executive and are confident that he is the right person to lead Albany.

Albany International Delivers Advanced 3D Woven VTP Fitting to Aernnova for Clean Sky 2 Technology Demonstrator

Retrieved on: 
Tuesday, June 20, 2023
Aerospace, Manufacturing, Other Manufacturing, Air, Transport, AIN, 3D, Albany International, Multimedia, Paris Air Show, Titanium, SHI International Corp, VTP, AEC, NYSE, 3D printing, Department store, Siemens Gamesa, Research

Albany International Corp. (NYSE: AIN) announced today its subsidiary Albany Engineered Composites (AEC) has delivered its first composite vertical tail plane (VTP) fitting to support the Aernnova Clean Sky 2 full composite rear-end fuselage technology demonstrator.

Key Points: 
  • Albany International Corp. (NYSE: AIN) announced today its subsidiary Albany Engineered Composites (AEC) has delivered its first composite vertical tail plane (VTP) fitting to support the Aernnova Clean Sky 2 full composite rear-end fuselage technology demonstrator.
  • AEC’s collaboration with Aernnova represents the companies shared efforts at developing high volume industrialized and sustainable manufacturing technologies for next generation light weight aerostructures.
  • AEC’s composite VTP fitting has a uniquely designed hybrid preform of 3D woven and non-crimp fabric architectures for optimised load carrying capabilities.
  • Greg Harwell, AEC President added: “We continue to invest heavily in the development and simulation of applications such this composite fitting.

Albany International Is Excited to Deliver Its Advanced 3D Woven Rib to the Airbus Wing of Tomorrow Program

Retrieved on: 
Monday, June 19, 2023
Defense, Other Defense, Other Manufacturing, Engineering, Air, Aerospace, Transport, Manufacturing, AIN, Rib, RTM, Original equipment manufacturer, 3D, Multimedia, Government, SHI International Corp, Albany International, Wings of Tomorrow, Airbus, AEC, NYSE, D, Airline, 3D printing, Rib cage, Research

Albany International Corp. (NYSE: AIN) announced today that its subsidiary Albany Engineered Composites (AEC) recently delivered the first components it is producing for the Airbus Wing of Tomorrow Wing Box Assembly demonstrator program.

Key Points: 
  • Albany International Corp. (NYSE: AIN) announced today that its subsidiary Albany Engineered Composites (AEC) recently delivered the first components it is producing for the Airbus Wing of Tomorrow Wing Box Assembly demonstrator program.
  • AEC’s collaboration with Airbus represents an important part of its strategic efforts aimed at developing high volume industrialized and sustainable manufacturing technologies for next generation Airbus aircraft.
  • View the full release here: https://www.businesswire.com/news/home/20230616743120/en/
    Next Generation Airbus Composite Wing and Ribs (Graphic: Business Wire)
    During the last 3 years, AEC has been collaborating with Airbus on a number of government supported R&D programmes such as the Wing of Tomorrow and Clean Aviation.
  • Greg Harwell, AEC President added: “We are proud and excited to be working with Airbus to deliver lightweight and high-performing composite wing components that contribute to the extremely important sustainability goals of the aerospace industry.

Albany International Issues 2022 Sustainability Report

Retrieved on: 
Tuesday, May 2, 2023
Professional Services, Engineering, Environmental, Social and Governance (ESG), Environment, Aerospace, Sustainability, Manufacturing, AIN, Sustainability Accounting Standards Board, Sustainability reporting, Albany International, SHI International Corp, Sustainability accounting, Infrastructure Sustainability Council of Australia, Research-Technology Management, NYSE, Renewable energy

Albany International Corp. (NYSE:AIN) today published its 2022 Sustainability Report, which expands on the Company’s previous reporting and disclosures.

Key Points: 
  • Albany International Corp. (NYSE:AIN) today published its 2022 Sustainability Report, which expands on the Company’s previous reporting and disclosures.
  • The 2022 Sustainability Report again includes disclosures according to Sustainability Accounting Standards Board (SASB) standards as well as Scope 1 and 2 emissions.
  • The report also includes expanded demographic data disclosure for Albany International’s Board and staff and addresses additional sustainability elements most relevant to the Company’s stakeholders.
  • Our 2022 Sustainability Report provides transparency on all these ongoing efforts and a baseline for future progress.”
    Sustainability at Albany is overseen by the Board of Directors and led by the Sustainability Council with cross-functional representation across the company.

Albany Engineered Composites Awarded Army Contract to Develop Near-net Shape 3D Weaving Technology for Hypersonic Applications

Retrieved on: 
Tuesday, April 25, 2023
Software, Contracts, Hardware, Electronic Design Automation, Technology, Defense, Engineering, Chemicals, Plastics, Air, Transport, Aerospace, Manufacturing, AIN, Workforce, Granite State, United States Senate Appropriations Subcommittee on Defense, Face, 3D, Hampshire, SHI International Corp, Albany International, Department of Defence, Investment, United States Department of the Army, U.S. Department of Defense Strategy for Operating in Cyberspace, Growth, AEC, News, NYSE, Safety, Renewable energy, 3D printing

AEC will be utilizing its proprietary and fully industrialized near-net shape 3D weaving technology to further develop thermal protection systems for hypersonic applications.

Key Points: 
  • AEC will be utilizing its proprietary and fully industrialized near-net shape 3D weaving technology to further develop thermal protection systems for hypersonic applications.
  • When compared to competing technologies, AEC’s near-net shape 3D weaving technology provides unique performance advantages with superior affordability and scalability to meet the demanding requirements of hypersonic vehicles.
  • More recently, AEC has committed to strategic capital investments supporting the adaptation of the company’s 3D composites technology to hypersonic material applications.
  • AEC will utilize this funding to support the company’s ongoing 3D weaving technology development for hypersonic applications.

Albany Engineered Composites to exhibit at JEC World 2023

Retrieved on: 
Wednesday, April 19, 2023
Natural Resources, Machinery, Engineering, Air, Aerospace, Transport, Manufacturing, Forest Products, Weight, Albany International, VTP, Maintenance, AEC, Mobility, JEC, Video game

From April 25–27, Albany Engineered Composites (AEC) will be exhibiting in Hall 6, Booth K28 at JEC World in Paris, France, the largest international composites event.

Key Points: 
  • From April 25–27, Albany Engineered Composites (AEC) will be exhibiting in Hall 6, Booth K28 at JEC World in Paris, France, the largest international composites event.
  • At JEC World 2023, the area called Mobility Planet reflects the dynamic changes in the future of mobility and the enormous opportunities it bears for tomorrow’s mobility ecosystems, including road transportation and aerospace.
  • AEC is a collaborative partner with innovative solutions to reduce weight, improve aircraft performance, and bring those innovations to market quickly and affordably.
  • AEC’s world-class talent, technology and focus on continuous improvement allows us to execute industry-leading on-time delivery and quality.

Albany International Announces CFO Transition

Retrieved on: 
Thursday, March 23, 2023
Other Manufacturing, Other Defense, Air, Engineering, Transport, Aerospace, Manufacturing, Government Technology, Defense, AIN, Celebrity board director, Executive, University, Albany International, Business, Strategic planning, SHI International Corp, Kaman Corporation, CFO, Growth, Treasurer, NYSE, Management

Albany International Corp. (NYSE:AIN) announced today it has accepted the resignation of its Chief Financial Officer and Treasurer, Stephen Nolan, effective April 7, 2023.

Key Points: 
  • Albany International Corp. (NYSE:AIN) announced today it has accepted the resignation of its Chief Financial Officer and Treasurer, Stephen Nolan, effective April 7, 2023.
  • Bill Higgins, Albany’s President and Chief Executive Officer, stated, “On behalf of our Board of Directors and everyone at Albany International, I want to thank Stephen for his significant contributions and financial leadership over the last four years.
  • I am very happy for Stephen and the Albany team wishes him well in his next role.”
    “It has been an honor to serve as CFO of Albany International and to work with high performing teams across the Company,” said Mr. Nolan.
  • “I am very pleased to welcome Rob Starr as our new CFO and Treasurer to succeed Stephen,” Higgins continued.

Compass Diversified to Discuss Strategic Initiatives, Healthcare Expansion and Future Growth Opportunities at Investor Day in New York City

Retrieved on: 
Thursday, January 19, 2023
Albany International, AIN, Health care, Growth, PrimaLoft, Webcast, NYSE, Management, Tourism

WESTPORT, Conn., Jan. 19, 2023 (GLOBE NEWSWIRE) -- Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, today will host its Investor Day in New York City. The event will feature a self-guided walk through of CODI’s consumer businesses followed by the PrimaLoft product experience. CODI management will also host a presentation discussing its strategic initiatives, expansion into the Healthcare vertical, and additional growth opportunities. The event will also feature a presentation from Mike Joyce, CEO of PrimaLoft.

Key Points: 
  • The event will feature a self-guided walk through of CODI’s consumer businesses followed by the PrimaLoft product experience.
  • CODI management will also host a presentation discussing its strategic initiatives, expansion into the Healthcare vertical, and additional growth opportunities.
  • "Our Investor Day provides us the opportunity to update our stakeholders on key strategic, financial and operational growth initiatives that are expected to drive future value creation,” said Elias Sabo, CEO of Compass Diversified.
  • A live video webcast including audio, video, presentation materials and an archived replay is available here: CODI January 2023 Investor Day , or on the Investor Relations section of CODI’s website, https://www.compassdiversified.com/ .