| Business Summary | | Albany
International
Corp.
develops,
manufactures,
markets
and
services
custom-designed
engineered
fabrics
used
in
the
manufacture
of
paper,
paperboard
and
products
in
other
process
industries.
In
addition
to
paper
machine
clothing,
the
Company
manufactures
other
engineered
products
for
the
non-woven
industry,
including
corrugator
belts
and
filtration
media.
Another
segment
of
the
Company
is
an
aggregation
of
its
operations
that
manufacture,
market
and
service
high-performance
doors.
The
High
Performance
Door
Division,
which
includes
Rapid
Roll
Doors,
grew
from
the
application
of
the
Company's
coated
fabric
technology
to
its
woven
fabrics. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Albany
International
designs,
manufactures
and
markets
paper
machine
clothing
for
each
section
of
the
paper
machine
(belts
of
fabrics
which
carry
the
paper
stock
through
paper
production
process).
For
the
six
months
ended
6/30/01,
net
sales
fell
3%
to
$415.6
million.
Net
income
before
acct.
change
increased
20%
to
$23.2
million.
Results
reflect
unfavorable
exchange
rates,
offset
by
the
completion
of
cost
reduction
initiatives. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Frank Schmeler, 61 Chairman,
Pres, CEO | $607K | Edward Walther, 56 Exec.
VP | 512K | Michael Nahl, 57 Sr.
VP and CFO | 518K | Edward Hahn, 55 Sr.
VP, CTO | -- | Michel Bacon, 50 Sr.
VP of Canada, Pacific and Latin America | -- | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|