Total : 1 View more »
The loss, which equated to 20 cents a share, was tied largely to $20.2 million in restructuring costs. The Albany, N.Y.-based company has spent the past three years on a performance-improvement initiative that included some plant closures and layoffs.
http://albany.bizjournals.com/albany/stories/2009/11/02/daily11.html?ana=from_rss
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Oct 15, 2009 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend, our proprietary pattern recognition system, called an Uptrend for Albany International (NYSE:AIN) on July 20, 2009 at $13.35.
Since then, Albany International has returned 53% as of today's recent price of $20.43. Want to profit from these alerts?
Go to www.mysmartrend.com now for a FREE two-week trial.
Write to Chip Brian at cbrian@tradethetrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html
Tags: market nyse profit securities trial
Companies: Albany International Corp. (AIN)
Oct 14, 2009 (Close-Up Media via COMTEX) --
Albany International reported it has signed a $7.5 million renewal agreement with Orange Business Services for MPLS-based IP VPN and WAN optimization services.
Along with the renewal, Albany International said it will expand its network within the Americas and Eurasia to encompass a total of 41 company sites in more than 18 countries.
"Orange Business Services has truly provided Albany International with a 'world-class' global network that achieves the required levels of functionality and performance for our business," said Andrew Jause, Enterprise Infrastructure Manager for Albany International. "In addition, Orange has proven themselves over these many years to be a true partner in every sense of the word, solidifying our very successful relationship."
Albany said the network upgrade is part of its strategy to centralize services that support its entire global operations. Albany's business crisscrosses numerous territories, partners and vertical industries.
"Our network plays a key role in systems consolidation and leveraging global growth for Albany International," said Barry Duncan, VP, Information Technology at Albany International. "Orange Business Services is a provider with the portfolio breadth and global reach to move our network to an international stage. Their converged services were already delivering opportunities for several of our business lines, so it made perfect sense to stick with a sure thing and unleash these applications upon the greater network."
"The network upgrade will exponentially drive convergence through Albany's enterprise infrastructure," said Diana Leonard, senior VP of the Americas, Orange Business Services. "Albany's enthusiasm for not only continuing, but also expanding our partnership is a testament to the capabilities and expertise of Orange. Albany is a shining example of the limitless value converged services and a global network can deliver."
Albany International is a textiles and materials processing company. It is a producer of custom-designed fabrics and belts essential to the production of paper and paperboard.
((Comments on this story may be sent to newsdesk@closeupmedia.com))
Tags: business information technology partnership textiles
Companies: Albany International Corp. (AIN)
Oct 22, 2009 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend, our proprietary pattern recognition system, called an Uptrend for Albany International (NYSE:AIN) on July 20, 2009 at $13.35.
Since then, Albany International has returned 53% as of today's recent price of $20.42. Want to profit from these alerts?
Go to www.mysmartrend.com now for a FREE two-week trial.
Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.TradeTheTrend.com/signup.html
Tags: market nyse profit securities trial
Companies: Albany International Corp. (AIN)
ALBANY, N.Y., Oct 13, 2009 (BUSINESS WIRE) --
Albany International Corp. (NYSE:AIN) will release 2009 third-quarter financial results after the close of the market on Monday, November 2, 2009. The Company will host a webcast to discuss earnings at 9:00 a.m. Eastern Time on Tuesday, November 3, 2009.
Interested parties are invited to listen to the webcast via the company's Investor Relations website at http://www.albint.com. A replay of the webcast will be available on the website at approximately noon Eastern Time on November 3.
About Albany International Corp.
Albany International is a global advanced textiles and materials processing company. Its core business is the world's leading producer of custom-designed fabrics and belts essential to the production of paper and paperboard. Albany's family of emerging businesses extend its advanced textiles and materials capabilities into a variety of other industries, most notably aerospace composites, nonwovens, building products, and high-performance industrial doors. The Company is headquartered in Albany, New York, operates in 15 countries, and employs approximately 5,000 people worldwide. Additional information about the Company and its businesses and products is available at www.albint.com.
SOURCE: Albany International Corp.
Albany International Corp. Investors: John Cozzolino Vice President--Corporate Treasurer & Strategic Planning 518-445-2281 john.cozzolino@albint.com or Media: Susan Siegel Director of Corporate Communications 518-445-2284 susan.siegel@albint.com
Tags: aerospace business earnings family financial results industrial new_york nyse products textiles
Companies: Albany International Corp. (AIN)
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Watch this webcast to learn how Albany is pulling together all of its business units onto a single ERP instance based on SAP offerings, and then integrating certain manufacturing applications. Also learn how Albany turned to Tidal Horizon to manage the performance of this consolidated SAP solution.
http://www.bitpipe.com/detail/RES/1251235283_774.html?asrc=RSS_BP_KABPEAI
Metso Paper and Albany International Corp. have agreed to expand the scope of their cooperation in specified areas of paper and board making processes and paper machine clothing on a non-exclusive basis.
Pearson International Airport P.O. Box 6031, Toronto, AMF, ON L5P 1B2 Name of Contractor: Albany International Canada Inc. Address for Service: 975A Old Norcross Rd., Lawrenceville, GA 30045-4321, USA Name of Payment Certifier: Airport Architects Canada Address: 55 Port St.
About: Ease the stress of airline travel -- visit the third floor of Albany International Airport and check out what's on view at the Airport Gallery. For the past 10 years, the space has been mounting exhibits in a wide range of themes.
Total : 30,900,000 View more »
Supplying the expanding world paper industry with consumable, technologically sophisticated products called paper machine clothing.
Third Quarter Earnings Call and Webcast. Corporate Overview. Albany International supplies the worldwide pulp and paper industry, as well as other process industries, with ...
Our core business —Paper Machine Clothing– is the world’s leading producer of custom-designed fabrics and belts essential to the production of paper and paperboard.
All Releases; Albany International Reports Improved Profitability and Cash Flow as Restructuring Winds Down 11/02/2009 49.0 KB