8-K

                     U.S. 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: September 8, 2004
                        (Date of earliest event reported)

                           ALBANY INTERNATIONAL CORP.
             (Exact name of registrant as specified in its charter)

          Delaware                  0-16214                       14-0462060
(State or other jurisdiction      (Commission                   (IRS employer
     of incorporation)            file number)               identification no.)

                      1373 Broadway, Albany, New York 12204
                                 (518) 445-2200
 (Address and telephone number of the registrant's principal executive offices)



Item 8.01. Other Events and Required FD Disclosure

On September 8, 2004, Albany International Corp. issued a news release
announcing the results of an arbitration in the International Court of
Arbitration of the International Chamber of Commerce relating to the termination
of certain plant leases in Italy. A copy of the press release is being filed
with this report as Exhibit 99.1.



                                    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
                                                     ---------------------------
                                              Name:  Michael C. Nahl
                                              Title: Senior Vice President
                                                     and Chief Financial Officer

Date: September 8, 2004



                                Index to Exhibits

Exhibit Number    Description of Document
- --------------    -----------------------
99.1              News release, dated September 8, 2004 issued by Albany
                  International Corp.

EX-99.1

[LOGO] ALBANY
       INTERNATIONAL

                                                                         News
                                                                         Release
- --------------------------------------------------------------------------------
                                         For additional information contact:
                                         Kenneth C. Pulver
                                         Vice President-Corporate Communications
                                         (518) 445-2214

FOR IMMEDIATE RELEASE

                      ALBANY INTERNATIONAL WINS ARBITRATION

      Albany, New York, September 8, 2004 -- Albany International Corp.
(NYSE/PSE/FWB:AIN) reported today that it had received a favorable decision in a
previously reported arbitration growing out of the acquisition of the Geschmay
group in 1999. In the arbitration, the sellers alleged that a subsidiary of
Albany had wrongfully terminated two leases entered into in connection with the
acquisition and claimed damages of approximately $19 million. The arbitrators
decided that Albany's subsidiary had a legal right to terminate the leases and
that no damages were payable. The arbitrators' decision is final and not subject
to appeal.

      The arbitration, which was initially filed in February 2003, took place in
the International Court of Arbitration of the International Chamber of Commerce.

      Albany International is the world's largest producer of paper machine
clothing and high-performance doors, with manufacturing plants and sales
worldwide. Additional information about the Company, and its businesses and
products, is available at www.albint.com.

                                      # # #

- --------------------------------------------------------------------------------

                                                      Albany International Corp.
                                                      P.O. Box 1907
                                                      Albany, New York  12201
                                                      www.albint.com