UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 28, 2009
ALBANY INTERNATIONAL CORP.
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(Exact name of registrant as specified in its charter)
Delaware 1-10026 14-0462060
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
1373 Broadway, Albany, New York 12204
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (518) 445-2200
None
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(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13a-4(c))
Item 2.05. Costs Associated with Exit or Disposal Activities.
Albany International Corp. (the "Company") issued a news release on June 28,
2009 announcing plans to wind down the manufacturing operations of Albany
International Pty. Ltd. in Gosford, Australia.
Discussions with labor representatives are expected to begin shortly. Until they
are concluded, the Company is unable reasonably to estimate the costs expected
to be incurred in connection with these plans. The Company will disclose the
amount, type and timing of these costs promptly after they are determined.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 News Release dated June 28, 2009.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ALBANY INTERNATIONAL CORP.
By: /s/ Michael C. Nahl
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Name: Michael C. Nahl
Title: Executive Vice President and
Chief Financial Officer
Date: June 29, 2009
EXHIBIT INDEX
Exhibit No. Description
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99.1 News Release dated June 28, 2009
Exhibit 99.1
Albany International Announces Discontinuation of
Manufacturing Capacity in Australia
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Albany, New York, June 28, 2009 - Albany International Pty Ltd., an
affiliate of Albany International Corp. (NYSE:AIN), announced today its plan to
discontinue manufacturing at its operations in Gosford, New South Wales,
Australia, and transfer production to Albany International's St. Stephen, South
Carolina, manufacturing facility.
These actions are part of an ongoing, company-wide effort to streamline
operations, driven by existing and anticipated market conditions, and in no way
reflect on the performance of the 61 affected employees, who will be offered
severance and outplacement assistance.
The transfer of production will be supervised by technical and
manufacturing personnel from Gosford and St. Stephen to ensure continuity of
customer supply and is expected to be completed by June 2010.
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 extends its advanced textiles
and materials capabilities into a variety of other industries, most notably
aerospace composites, nonwovens, building products, and high-performance
industrial doors.
Additional information about the Company and its businesses and products
is available at www.albint.com.
Contacts:
Investors:
John Cozzolino
Vice President-Corp. Treasurer & Strategic Planning
518-445-2281
john.cozzolino@albint.com
Media:
Susan Siegel
Director of Corporate Communications
518-445-2284
susan.siegel@albint.com