-----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, DwEgyxLMYVVphjTNIl123BtDN+4n02E6KHPpZGCmhuc39MXpHXQyL3/usaGtYTqN /gTYgcaZHQUWCsYzSDdBoQ== 0001336926-09-000041.txt : 20090728 0001336926-09-000041.hdr.sgml : 20090728 20090728155848 ACCESSION NUMBER: 0001336926-09-000041 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090727 ITEM INFORMATION: Cost Associated with Exit or Disposal Activities ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090728 DATE AS OF CHANGE: 20090728 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: 09967339 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 e36059_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 27, 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)) TABLE OF CONTENTS Item 2.05 COSTS ASSOCIATED WITH EXIT OR DISPOSAL ACTIVITIES. Albany International Corp. (the "Company") issued a news release on July 27, 2009 announcing plans to discontinue operations at its forming fabric manufacturing facility in Portland, Tennessee. 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 July 27, 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 (Principal Financial Officer) Date: July 28, 2009 EXHIBIT INDEX Exhibit No. Description - ----------- ----------- 99.1 News Release dated July 27, 2009 EX-99.1 2 e36059ex99-1.txt NEWS RELEASE EXHIBIT 99.1 Albany International Announces Closure of Portland, Tennessee, Facility ALBANY, N.Y., Jul 27, 2009 -- Albany International Corp. (NYSE: AIN) announced today that it will discontinue operations at its forming fabric manufacturing facility in Portland, Tennessee. The plant closing is the result of the continuing consolidation of customers in the U.S. and Canada, accelerated by the economic recession, and the need to balance the Company's paper machine clothing (PMC) manufacturing capacity in North America with anticipated paper mill demand. Similar steps have been taken by the Company over the last few years in both Europe and North America, as the global paper and paperboard industry continues to shift capacity from traditional paper markets to new emerging markets. This planned action is a business necessity, driven by existing and expected market conditions, and in no way reflects on the performance of the 156 affected employees, who will be offered severance and outplacement assistance. Transition of forming fabric manufacturing from the Portland area to other facilities in North America will begin at once and will be supervised by technical and manufacturing personnel to ensure continuity of customer supply. The transition is expected to be completed by June 2010. The Company expects that, with this action, its PMC manufacturing capacity in the Americas will be, for the foreseeable future, as follows: forming production for the Americas will be centered in Perth, Ontario, Canada; Menasha and Kaukauna, Wisconsin; and Indaial, Brazil; press production will be centered in St. Stephen, South Carolina; Cowansville, Quebec, Canada; Indaial, Brazil; and Cuautitlan, Mexico, and dryer production in Cuautitlan. 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 http://www.albint.com. SOURCE: Albany International Corp. Albany International Corp. Investors: John Cozzolino, 518-445-2281 Vice President-Corporate Treasurer and Strategic Planning john.cozzolino@albint.com - ------------------------- or Media: Susan Siegel, 518-445-2284 Director of Corporate Communications susan.siegel@albint.com - ----------------------- -----END PRIVACY-ENHANCED MESSAGE-----