-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FGaLA2C5YjKHfu0fDbTBRB7/inrrpc6UQ8gNCUTOJEM7LFYUVToMz/57KF7Jjxap ulMkqWIJZZWmXTGQ7MflYQ== 0000891092-09-002733.txt : 20090702 0000891092-09-002733.hdr.sgml : 20090702 20090702171700 ACCESSION NUMBER: 0000891092-09-002733 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090701 ITEM INFORMATION: Cost Associated with Exit or Disposal Activities ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090702 DATE AS OF CHANGE: 20090702 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALBANY INTERNATIONAL CORP /DE/ CENTRAL INDEX KEY: 0000819793 STANDARD INDUSTRIAL CLASSIFICATION: BROADWOVEN FABRIC MILS, MAN MADE FIBER & SILK [2221] IRS NUMBER: 140462060 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10026 FILM NUMBER: 09928426 BUSINESS ADDRESS: STREET 1: 1373 BROADWAY CITY: ALBANY STATE: NY ZIP: 12204 BUSINESS PHONE: 5184452200 MAIL ADDRESS: STREET 1: 1373 BROADWAY CITY: ALBANY STATE: NY ZIP: 12204 FORMER COMPANY: FORMER CONFORMED NAME: ALBINT INC DATE OF NAME CHANGE: 19870924 8-K 1 e35884-8k.txt FORM 8-K 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) July 1, 2009 ALBANY INTERNATIONAL CORP. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-10026 14-0462060 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 1373 Broadway, Albany, New York 12204 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (518) 445-2200 None - -------------------------------------------------------------------------------- (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 July 1, 2009 announcing plans to reduce manufacturing capacity in certain locations. The locations affected include the Company's facility in Tumwater, Washington as well as facilities of certain subsidiaries in France and Germany. The planned closures in Europe are subject to local law, as well as to consultation with employee works councils. Works council discussions in Europe are expected to begin shortly. Until they are concluded, the Company is unable reasonably to estimate the costs that it would expect to incur in connection with these intended actions. The Company will disclose the amount, type and timing of any such costs promptly after they are determined. Item 9.01. Financial Statements and Exhibits. (d) Exhibits. 99.1 News Release dated July 1, 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 ----------------------------------- Name: Michael C. Nahl Title: Executive Vice President and Chief Financial Officer Date: July 2, 2009 EXHIBIT INDEX Exhibit No. Description ----------- ----------- 99.1 News Release dated July 1, 2009 EX-99.1 2 e35884ex99-1.txt NEWS RELEASE Exhibit 99.1 Albany International Announces Plans to Reduce Manufacturing Capacity and Personnel in Europe and U.S. Albany, New York, July 1, 2009 - Albany International Corp. (NYSE:AIN) announced today plans by two of its European affiliates to reduce manufacturing capacity and personnel and also announced a plant closure in the United States. Albany International France S.A.S. announced a proposed plan to discontinue operations at its press fabric manufacturing facility in Riberac, France, and Wurttembergische Filztuchfabrik K. Geschmay GmbH announced plans to further reduce personnel at its press and dryer fabric facility in Goppingen, Germany. These planned actions would be the result of the continuing consolidation of paper industry customers in Europe and the need to balance the Company's paper machine clothing manufacturing capacity in Europe with anticipated paper mill demand. The Company does expect Goppingen to remain an integral part of its long-term capacity plan, and to continue to be its primary press fabric operation for central Europe. The Riberac and Goppingen proposals would be subject to applicable local law and would be implemented in accordance with such law and in consultation with the Works Councils. Albany International Corp. also disclosed that it will discontinue operations at its process belt manufacturing facility in Tumwater, Washington. As with the European plans, similar steps have been taken by the Company over the last few years in North America, as the global paper and paperboard industry continues to shift capacity from traditional paper markets to new emerging markets. The Company's process belt manufacturing will now be centered at its operations in Bury, England, as of August 31, 2009. The Bury capacity will be maximized to accommodate additional production; technical and manufacturing from Bury and Tumwater will work closely together to ensure continuity of customer supply. The Company anticipates that with these planned actions, its PMC manufacturing capacity in Eurasia will be, for the foreseeable future, as follows: forming production for Eurasia will be centered in Selestat and Chungju, with some specialized production continuing in Halmstad; press production will be centered in Halmstad, Goppingen, and Hangzhou; dryer production in Panyu and Goppingen, and global process belts in Bury. The Company will continue to provide customers throughout Eurasia with world-class expertise in Product Application, Sales and Marketing, Service, and Research and Development. The proposed actions in Europe and the Tumwater, Washington, plant closure in no way reflect on the performance of the affected employees; they are a business necessity, driven by the existing and anticipated market conditions. 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. -----END PRIVACY-ENHANCED MESSAGE-----