Albany International Corp. (AIN)

49.54 +0.04 (+0.08%) At close: 4:00PM EDT

Albany International Corp.

216 Airport Drive
Rochester, NH 03867
United States
603 330 5850
http://www.albint.com

Sector(s): Consumer Cyclical
Industry: Textile Manufacturing
Full-time employees: 4,600

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Andrew William Higgins	Pres, CEO & Director	151.82k	N/A	1958
Mr. Stephen M. Nolan	CFO & Treasurer	983.29k	N/A	1969
Ms. Alice McCarvill	Exec. VP of HR & Chief HR Officer	594.56k	N/A	1965
Mr. Daniel A. Halftermeyer	Pres of Machine Clothing	1.3M	N/A	1961
Mr. Robert A. Hansen	Sr. VP & CTO	N/A	N/A	1957

Amounts are as of 31 December 2019, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Albany International Corp. engages in the textile and materials processing businesses. The company operates in two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing for use in manufacturing papers, paperboards, tissues, and towels. This segment offers forming, pressing, and drying fabrics, as well as process belts. It also provides customized and consumable fabrics that are used in the manufacturing process in the pulp, corrugator, nonwovens, fiber cement, building products, tannery, and textile industries. This segment sells its products directly to end-user customers. The AEC segment designs, develops, and manufactures composite structures primarily to customers in the commercial and defense aerospace industries. The company operates in the United States, Switzerland, France, Brazil, China, Mexico, and internationally. Albany International Corp. was founded in 1895 and is headquartered in Rochester, New Hampshire.

Corporate governance

Albany International Corp.’s ISS governance QualityScore as of 9 December 2019 is 8. The pillar scores are Audit: 5; Board: 3; Shareholder rights: 9; Compensation: 10.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.