Albany International Corp. Announces Plans to Consolidate Manufacturing Capacity [Yahoo! Finance]
Albany International Corporation (AIN)
Last albany international corporation earnings: 4/29 05:05 pm
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US:NYSE Investor Relations:
albint.com/en-us/investor/pages/home.aspx
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Source: Yahoo! Finance
that it will initiate consultations with employee representatives regarding a proposal to discontinue manufacturing operations in Olten, Switzerland, and to transfer production to other Heimbach GmbH manufacturing facilities. The reduction is subject to local law and will be implemented in accordance with such law and in consultation with the employees' representative body. This action, if approved, will enable the Albany's Heimbach GmbH subsidiary to align its paper machine clothing manufacturing capacity with the local market demand and the needs of customers. This initiative to streamline operations is driven by existing and anticipated market conditions, and in no way reflects on the performance of the 83 affected employees, who will be offered separation and outplacement assistance. Until consultations are concluded, the Company is unable to reasonably estimate the costs that it would expect to incur in connection with the proposed action. If closure is concluded, the Company w
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News
- Albany International Corp. (NYSE: AIN) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Is Albany International Corp. (NYSE:AIN) Worth US$83.6 Based On Its Intrinsic Value? [Yahoo! Finance]Yahoo! Finance
- New Strong Sell Stocks for November 20th [Yahoo! Finance]Yahoo! Finance
- Albany International Corp. (NYSE: AIN) had its price target lowered by analysts at Bank of America Co. from $90.00 to $80.00. They now have an "underperform" rating on the stock.MarketBeat
- Albany International Corp. Announces Plans to Consolidate Manufacturing CapacityBusiness Wire
AIN
Earnings
- 10/30/24 - Beat
AIN
Sec Filings
- 11/15/24 - Form 8-K
- 11/5/24 - Form 4
- 11/5/24 - Form 4
- AIN's page on the SEC website