0000891092-11-008161.txt : 20111212 0000891092-11-008161.hdr.sgml : 20111212 20111212161421 ACCESSION NUMBER: 0000891092-11-008161 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20111209 ITEM INFORMATION: Cost Associated with Exit or Disposal Activities ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20111212 DATE AS OF CHANGE: 20111212 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: 0218 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10026 FILM NUMBER: 111256288 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 e46572_8-k.htm CURRENT REPORT

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) December 9, 2011

 

ALBANY INTERNATIONAL CORP.

(Exact name of registrant as specified in its charter)
     
Delaware 1-10026 14-0462060
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
216 Airport Drive, Rochester, NH 03867
(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))
         

 

 
  

TABLE OF CONTENTS

 

Item 2.05 COSTS ASSOCIATED WITH EXIT OR DISPOSAL ACTIVITIES.

 

On December 9, 2011, Albany International Corp. (the “Company”) issued a press release to announce plans to discontinue manufacturing at its forming fabric facility in Menasha, Wisconsin. The closure will begin in January 2012. The 48 affected employees will be offered severance and outplacement assistance.

 

The Company is presently unable to reasonably 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 December 9, 2011. 

 

 

 
  

 

 

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/ David M. Pawlick__________________

 

Name: David M. Pawlick

Title: Vice President-Controller

(Principal Accounting Officer)

 

 

Date: December 12, 2011

 
  

EXHIBIT INDEX

 

 

Exhibit No.  Description
   
99.1 News Release dated December 9, 2011 

 

 

EX-99.1 2 e46572ex99-1.htm NEWS RELEASE

EXHIBIT 99.1



Albany International Announces Closure of

Manufacturing Capacity in Menasha, Wisconsin

 

 

Rochester, New Hampshire, December 9, 2011 -- Albany International Corp. (NYSE:AIN) announced today it will discontinue manufacturing at its forming fabric facility in Menasha, Wisconsin. This action results from the need to balance the Company’s paper machine clothing manufacturing capacity in North America with anticipated long-term demand.

The closure will begin in January 2012. This planned action is a business necessity, driven by existing and expected market conditions, and in no way reflects on the performance of the 48 affected employees, who will be offered severance and outplacement assistance.

Transition of forming fabric manufacturing from Menasha to other facilities in North America will be supervised by technical and manufacturing personnel to ensure continuity of customer supply. The transition is expected to be completed by July 2012.

The Company’s Menasha facility will continue to operate as a center of excellence in forming technology and as one of the organization’s R&D centers.

Albany International Corp. (NYSE:AIN) 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 growth businesses extends its advanced textiles and materials capabilities into a variety of other industries, most notably aerospace composites, nonwovens, building products, high-performance industrial doors, and high-performance insulation and yarn. Additional information about the Company and its businesses and products is available at www.albint.com.

# # #

 

 

Contacts:  
   
Investors:
John Cozzolino
518-445-2281
john.cozzolino@albint.com
Media:
Susan Siegel
518-445-2284
susan.siegel@albint.com

 

 

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