Albany Stock (NYSE:AIN)

Albany International Corp., along with its various subsidiaries, specializes in the realm of textile and advanced materials processing. The company's operations are distinctly divided into two primary segments: Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC division is responsible for the design, production, and distribution of specialized paper machine clothing, essential for the manufacturing of diverse paper products such as papers, paperboards, tissues, and towels. Beyond this, MC provides a range of technical textiles including forming, pressing, and drying fabrics, alongside process belts. These are crucial components in the production of nonwovens, fiber cement, and a variety of other industrial applications, in addition to offering other engineered fabrics. Conversely, the AEC segment focuses on developing and manufacturing cutting-edge 3D-woven and injected composite components. These advanced materials are specifically utilized in aircraft engines, as well as for airframe and engine parts across both military and commercial aviation platforms. Its global footprint extends across the United States, Switzerland, Brazil, China, France, Mexico, and numerous other international markets. Established in 1895, Albany International Corp. maintains its corporate headquarters in Rochester, New Hampshire.