About Albany International And Its Prospects
Albany International (AIN) has two business segments: a machine clothing business and an engineered composites business. The machine clothing business is a mature business which has been through some market disruption requiring considerable adaptation and restructuring. That business has now settled into a fairly steady state producing solid and stable profits and cash flows, but with minimal growth prospects. The engineered composites business is engaged in design and production of advanced composite parts for the aviation industry, has high growth prospects, and is currently in the challenging