Albany International Corp

Total Page:16

File Type:pdf, Size:1020Kb

Albany International Corp machine CLOTHING 2012 Annual Report & 10-K engineered COMPOSITES albany INTERNATIONAL our investment proposition A small cap with the cash generation potential of a value stock combined with the revenue potential of a growth stock. our strategy Focus and lead. Focus on markets in which our core capabilities in advanced textiles and materials provide the basis for sustainable advantage, and in those markets, strive for total leadership – best products and services first to market, with the highest quality and reliability, and at the lowest costs of operation possible. our near-term objective Execute. Maintain market leadership and financial performance in Machine Clothing. Prepare for the ramp in AEC. our long-term objective Cash flow and grow. Year over year, steadily improving earnings coupled with a strong balance sheet and excess cash flow. Albany International is a global advanced textiles and materials processing company, with two core businesses. Machine Clothing is the world’s leading producer of custom-designed fabrics and belts essential to production in the paper, nonwovens, and other process industries. Albany Engineered Composites is a rapidly growing supplier of highly engineered composite parts for the aerospace industry. Albany International is headquartered in Rochester, New Hampshire, operates 18 plants in 11 countries, employs 4,000 people worldwide, and is listed on the New York Stock Exchange (Symbol AIN). Additional information about the Company and its products and services can be found at www.albint.com. financial HIGHLIGHTS 2012 Q1 2012 Q2 2012 Q3 2012 Q4 Net sales: Machine Clothing $164.3 $177.1 $177.5 $174.3 Engineered Composites 15.8 14.8 17.1 20.0 except per share $180.1 $191.9 $194.6 $194.3 Operating income ($ 0.9) ($ 86.0) $ 23.1 $ 19.7 Earnings per share - basic 1.50 (1.08) 0.30 0.27 Earnings per share - diluted 1.49 (1.08) 0.30 0.26 US $ million, 2010 2011 2012 US $ million, except per share data Net sales $742.9 $787.3 $760.9 Gross profit 282.0 314.2 305.4 Operating income/(loss) 64.7 74.6 (44.1) Net income 37.6 34.9 31.0 Earnings per share - basic 1.21 1.12 0.99 Earnings per share - diluted 1.21 1.11 0.97 Years ended December 31 Years pg18 table of CONTENTS pg12 pg6 pg2 1. Financial Highlights 2. Letter to Shareholders 6. Machine Clothing 12. Engineered Composites 18. Global Locations 19. Form 10-K 1 letter to SHAREHOLDERS Joseph G. Morone President & Chief Executive Officer cash and net sales grow 2010 2011 2012 742.9 787.3 760.9 (US$ million) Albany International saw another strong year in 2012. market leader, with twice the market share of the Despite a particularly challenging environment in next largest competitor, a significant price premium Europe, and a disappointingly slow start to the year, in most markets, a broad and deep product portfolio adjusted EBITDA grew almost 3 percent, both and technology pipeline, a global manufacturing businesses performed well, and the balance sheet footprint with world-class capacity in the geographic strengthened dramatically, with net debt declining segments that are growing (Asia and South America), to $129 million from $256 million at the end of 2011, and disproportionate strength in the product and unfunded pension liabilities to $45 million from segments that are growing (tissue, packaging, pulp, $101 million. and nonwovens). For all of these reasons, we view Machine Clothing as a long-term core business In many respects, the short-term performance of with potential for strong margins and steady our two businesses in 2012 mirrored their long-term adjusted EBITDA and cash generation, but at potential. As I have written before and discussed continuing risk of little or negative sales growth, with many of you at investor conferences, while due mainly to downward pressure on revenue in the market for Machine Clothing offers little if any Europe as the result of overcapacity in the paper potential for growth, Albany is the industry’s clear and machine clothing industries. 2 . I do not foresee any significant changes to the objectives or strategy that we pursued in 2012. We are confident that the optimal path to creation of shareholder value is to stay the course in 2013 and beyond. adjusted EBITDA* long-term debt 2010 2011 2012 2010 2011 2012 115.5 141.3 145.4 423.6 373.1 235.9 All of these long-term attributes were on display in For Albany Engineered Composites, 2012 was all 2012. Sales, adjusted EBITDA, and cash generation about building capacity for rapid future growth. were steady around the world except for Europe, AEC revenue grew from $48 million in 2011 to which, for all the familiar reasons, ended the year $68 million in 2012. Half of this total revenue and with sales 15 percent lower than 2011. Global virtually all of the growth were associated with market share grew; market share among the development of new opportunities. Development leading papermakers in each region of the world activities associated with the LEAP fan module held steady or improved; the R&D and product accounted for a third of total 2012 revenue, and pipeline strengthened and then was further two-thirds of the growth. enhanced with our decision late in the year to invest $15 million in a rapid scale-up facility for One of the highlights of this accelerating new technology in our plant in Kaukauna, development effort was the launch of construction Wisconsin; and Albany was again selected by of two manufacturing facilities for the production Procter & Gamble as one of its top eight suppliers, of parts for the LEAP engine. Plant 1, which is out of a base of some 75,000 suppliers. located in Rochester, New Hampshire, is scheduled * EBITDA from continuing operations, excluding restructuring charges, revaluation effects, pension settlement charges, and gains from building sales. 3 Our objective in AEC is to establish Albany as the leading Tier 2 supplier of highly engineered composites to the aerospace industry, and to realize its growth potential of $300 million to $500 million in revenue by 2020. for start-up in the fourth quarter of 2013; start-up of Outlook Plant 2, in Commercy, France, is scheduled for 2014. As I write this letter in March 2013, I do not foresee Other highlights included production of LEAP parts any significant changes to the objectives or strategy for testing by Safran; continued maturation of the that we pursued in 2012. We are confident that the production process for the LEAP program; continued optimal path to creation of shareholder value is to development of the AEC organization, processes, stay the course in 2013 and beyond. For the and systems; great success in hiring new staff, foreseeable future: particularly in manufacturing and engineering; the completion of a 45,000-square-foot R&D rapid • Our objective in Machine Clothing is stable adjusted prototyping facility; and the further advancement EBITDA, year over year; our strategy combines (a) and expansion of the portfolio of new business a continued focus on and investment in differentiating opportunities beyond the four parts currently being ourselves through superior products and field developed for the LEAP fan module. The most service with the leading papermakers in the growing promising of these opportunities are several potential product segments and regions around the world, additional parts for subsequent versions of the LEAP and (b) continued efforts to match capacity to engine, extrapolations of the LEAP fan module to demand around the world and to steadily and larger and smaller engine configurations, the ceramic incrementally enhance productivity. matrix composite engine exhaust nozzle for Boeing, and a number of other airframe applications. • Our objective in AEC is to establish Albany as the leading Tier 2 supplier of highly engineered composites to the aerospace industry, and to realize its growth potential of $300 million to 4 U.S. Vice President Joe Biden listens as Albany President & CEO Joe Morone explains the benefits of the company’s composite technology. Also pictured (left to right) are AEC Senior Vice President Brian Coffenberry, former New Hampshire Governor John Lynch, Great Bay Community College President Will Arvelo, and Safran Group Chairman & CEO Jean-Paul Herteman. $500 million in revenue by 2020; our strategy is equally intense process of preparing for a ramp to (a) continue to build the organization, talent, up of a new technology at a pace and scale never systems, and processes required to ramp up experienced in the history of commercial aviation. production of parts for the LEAP engine on time, During 2012, we managed to meet both challenges, with high yield and healthy margins, and (b) while further strengthening our balance sheet. I am continue to expand the pipeline of growth hopeful that we will continue to do so in the months opportunities beyond the first wave of parts and years ahead. for the LEAP engine. My optimism is grounded in a simple reality, which • In pursuing these two sets of objectives, we was in full view in 2012: This Company comprises intend to utilize our strong balance sheet and an outstanding group of professionals. To my 4,000 cash flow to take full advantage of the organic colleagues around the world, many of whom are growth opportunities in AEC, sustain our global themselves shareholders, thank you for your fine product leadership in Machine Clothing, and efforts, year in and year out, on behalf of your continue to return capital to our shareholders fellow shareholders. in the form of incrementally growing dividends. Each of our two businesses faces its own unique set of challenges and risks; for the one, it is the never-ending journey of extending market leader- Joseph G.
Recommended publications
  • ALBANY COUNTY AIRPORT AUTHORITY Albany, New York 12211-1057
    ALBANY COUNTY AIRPORT AUTHORITY 2010 Operating Budget Adopted December 7, 2009 A component unit of the County of Albany, in the Town of Colonie, New York ALBANY COUNTY AIRPORT AUTHORITY Albany, New York 12211-1057 BOARD MEMBERS DAVID E. LANGDON - Chairman JOHN A. GRAZIANO, JR. ANTHONY GORMAN REV. KENNETH DOYLE ELLIOTT A. SHAW DENNIS J. FITZGERALD DORSEY M. WHITEHEAD ______________________________________________________________ ______________________________________________________________ SENIOR STAFF JOHN A. O’DONNELL WILLIAM J. O’REILLY, CPA Chief Executive Officer Chief Financial Officer MARGARET HERRMANN RIMA A. CERRONE Chief Accountant Budget & Performance Manager _____________________ www.albanyairport.com CUSIP #012123XXX ALBANY COUNTY AIRPORT AUTHORITY TABLE OF CONTENTS PAGES 1. TRANSMITTAL LETTER/BUDGET MESSAGE Status of Airline Industry----------------------------------------------------------------------------- 1-1 – 1-2 Air Trade Area served by Albany International Airport--------------------------------------- 1-2 Status of Albany International Airport------------------------------------------------------------- 1-2 – 1-3 Activity Projections for 2010------------------------------------------------------------------------- 1-4 Airline Use and Lease Agreement----------------------------------------------------------------- 1-4 Airport and Fixed Based Operations Operating Agreements------------------------------- 1-4 – 1-5 2010 Operating Budget Financial Highlights---------------------------------------------------- 1-5 –
    [Show full text]
  • Albany International Annual Report 2021
    Albany International Annual Report 2021 Form 10-K (NYSE:AIN) Published: February 25th, 2021 PDF generated by stocklight.com UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________. Commission file number: 1-10026 ______________________________________________________________ ALBANY INTERNATIONAL CORP. ____________________________________________________________________ (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 216 Airport Drive, Rochester, New Hampshire (Address of principal executive offices) 14-0462060 (IRS Employer Identification No.) 03867 (Zip Code) Registrant’s telephone number, including area code 603-330-5850 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, $0.001 par value per AIN The New York Stock Exchange (NYSE) share Class B Common Stock, $0.001 par value per AIN The New York Stock Exchange (NYSE) share Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Y es ☒ No ☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐ No ☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • Research Bibliography on the Industrial History of the Hudson-Mohawk Region
    Research Bibliography on the Industrial History of the Hudson-Mohawk Region by Sloane D. Bullough and John D. Bullough 1. CURRENT INDUSTRY AND TECHNOLOGY Anonymous. Watervliet Arsenal Sesquicentennial, 1813-1963: Arms for the Nation's Fighting Men. Watervliet: U.S. Army, 1963. • Describes the history and the operations of the U.S. Army's Watervliet Arsenal. Anonymous. "Energy recovery." Civil Engineering (American Society of Civil Engineers) 54 (July 1984): 60- 61. • Describes efforts of the City of Albany to recycle and burn refuse for energy use. Anonymous. "Tap Industrial Technology to Control Commercial Air Conditioning." Power 132 (May 1988): 91–92. • The heating, ventilation and air–conditioning (HVAC) system at the Empire State Plaza in Albany is described. Anonymous. "Albany Scientist Receives Patent on Oscillatory Anemometer." Bulletin of the American Meteorological Society 70 (March 1989): 309. • Describes a device developed in Albany to measure wind speed. Anonymous. "Wireless Operation Launches in New York Tri- Cities." Broadcasting 116 10 (6 March 1989): 63. • Describes an effort by Capital Wireless Corporation to provide wireless premium television service in the Albany–Troy region. Anonymous. "FAA Reviews New Plan to Privatize Albany County Airport Operations." Aviation Week & Space Technology 132 (8 January 1990): 55. • Describes privatization efforts for the Albany's airport. Anonymous. "Albany International: A Century of Service." PIMA Magazine 74 (December 1992): 48. • The manufacture and preparation of paper and felt at Albany International is described. Anonymous. "Life Kills." Discover 17 (November 1996): 24- 25. • Research at Rensselaer Polytechnic Institute in Troy on the human circulation system is described. Anonymous. "Monitoring and Data Collection Improved by Videographic Recorder." Water/Engineering & Management 142 (November 1995): 12.
    [Show full text]
  • SEC Filings | Albany International Corp
    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) January 17, 2006 ALBANY INTERNATIONAL CORP. (Exact name of registrant as specified in its charter) Delaware 0-16214 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: o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c)) Item 2.02. Results of Operations and Financial Condition. On January 17, 2006, Albany International issued a news release announcing earnings expectations and capital investments. A copy of the news release is furnished as Exhibit 99.1 to this report. Item 9.01. Financial Statements and Exhibits. (a) Not applicable (b) Not applicable (c) Not applicable (d) Exhibits.
    [Show full text]
  • Study on Airport Ownership and Management and the Ground Handling Market in Selected Non-European Union (EU) Countries
    Study on airport DG MOVE, European ownership and Commission management and the ground handling market in selected non-EU countries Final Report Our ref: 22907301 June 2016 Client ref: MOVE/E1/SER/2015- 247-3 Study on airport DG MOVE, European ownership and Commission management and the ground handling market in selected non-EU countries Final Report Our ref: 22907301 June 2016 Client ref: MOVE/E1/SER/2015- 247-3 Prepared by: Prepared for: Steer Davies Gleave DG MOVE, European Commission 28-32 Upper Ground DM 28 - 0/110 London SE1 9PD Avenue de Bourget, 1 B-1049 Brussels (Evere) Belgium +44 20 7910 5000 www.steerdaviesgleave.com Steer Davies Gleave has prepared this material for DG MOVE, European Commission. This material may only be used within the context and scope for which Steer Davies Gleave has prepared it and may not be relied upon in part or whole by any third party or be used for any other purpose. Any person choosing to use any part of this material without the express and written permission of Steer Davies Gleave shall be deemed to confirm their agreement to indemnify Steer Davies Gleave for all loss or damage resulting therefrom. Steer Davies Gleave has prepared this material using professional practices and procedures using information available to it at the time and as such any new information could alter the validity of the results and conclusions made. The information and views set out in this report are those of the authors and do not necessarily reflect the official opinion of the European Commission.
    [Show full text]
  • ALBANY COUNTY AIRPORT AUTHORITY New York's Tech
    ALBANY COUNTY AIRPORT AUTHORITY Comprehensive Annual Financial Report For the Years Ended December 31, 2018 and 2017 New York’s Tech Valley Airport A component unit of the County of Albany, located in the Town of Colonie, New York flyalbany.com Albany County Airport Authority As of December 31, 2018 Authority Board Members Rev. Kenneth J. Doyle Patricia M. Reilly Chair Vice-Chair Term Expires: December 31, 2019 Term Expires: December 31, 2020 Anthony Gorman Samuel A. Fresina Lyon M. Greenberg, MD Secretary Member Member Term Expires: December 31, 2020 Term Expires: December 31, 2020 Term Expires: December 31, 2021 Steven H. Heider Kevin R. Hicks, Sr. Member Member Term Expires: December 31, 2020 Term Expires: December 31, 2020 Authority Management John A. O’Donnell, PE Chief Executive Officer William J. O’Reilly, CPA Chief Financial Officer Peter F. Stuto, Esq. Airport Counsel ALBANY COUNTY AIRPORT AUTHORITY COMPREHENSIVE ANNUAL FINANCIAL REPORT Years Ended December 31, 2018 and 2017 Prepared by the Finance Department William J. O’Reilly, CPA Chief Financial Officer Margaret Herrmann Chief Accountant A Component Unit of the County of Albany Town of Colonie, New York www.albanyairport.com CUSIP #012123XXX Additional information relating to the Airport Authority is available at the Airport’s website: www.flyalbany.com If you would like any further information, contact the Chief Financial Officer at (518) 242-2204 or at Albany County Airport Authority, 737 Albany Shaker Rd, Administration Building Room 204, Albany, NY 12211 TABLE OF CONTENTS PAGE(S) I. INTRODUCTORY SECTION Albany County Airport Authority: Members and Principal Officers ..................................... Inside Front Cover Chairman’s Message ..................................................................................
    [Show full text]
  • Albany County Airport Authority As of December 31, 2014 Authority Board Members
    ALBANY COUNTY AIRPORT AUTHORITY New York’s Tech Valley Airport COMPREHENSIVE ANNUAL FINANCIAL REPORT YEAR ENDED DECEMBER 31, 2014 A COMPONENT UNIT OF THE COUNTY OF ALBANY LOCATED IN THE TOWN OF COLONIE NEW YORK Albany County Airport Authority As of December 31, 2014 Authority Board Members Rev. Kenneth J. Doyle Dorsey M. Whitehead Chair Treasurer Term Expires: December 31, 2015 Term Expires: December 31, 2016 Anthony Gorman Lyon M. Greenberg, MD Patricia M. Reilly Secretary Member Member Term Expires: December 31, 2016 Term Expires: December 31, 2017 Term Expires: December 31, 2016 Robert S. Hite, Esq. Paula T. Wilkerson Member Member Term Expires: December 31, 2017 Term Expires: December 31, 2016 Authority Management John A. O’Donnell, PE Chief Executive Officer William J. O’Reilly, CPA Chief Financial Officer Peter F. Stuto, Esq. Airport Counsel ALBANY COUNTY AIRPORT AUTHORITY COMPREHENSIVE ANNUAL FINANCIAL REPORT Year Ended December 31, 2014 Prepared by the Finance Department William J. O’Reilly, CPA Chief Financial Officer Margaret Herrmann Chief Accountant A Component Unit of the County of Albany Town of Colonie, New York www.albanyairport.com CUSIP #012123XXX Introduction ALBANY COUNTY AIRPORT AUTHORITY TELEPHONE: 518-242-2222 ALBANY INTERNATIONAL AIRPORT ADMIN FAX: 518-242-2641 ADMINISTRATION BUILDING FINANCE FAX: 518-242-2640 SUITE 200 SITE: www.albanyairport.com ALBANY, NEW YORK 12211-1057 Chairman’s Message March 23, 2015 In 2014 the US Domestic Airlines faced some unusual challenges including horrible first Quarter weather conditions leading to substantially higher cancellations and 3rd quarter network outages related to FAA Control Center outage in Chicago. As the year ended, jet fuel prices declined sharply and the Airline Industry ended 2014 with Pre-Tax Profits of $9.5 billion equal to 6% of Revenue and showed signs of growth.
    [Show full text]
  • City/Airport Country IATA Codes
    City/Airport Country IATA Codes Aarhus Denmark AAR Abadan Iran ABD Abeche Chad AEH Aberdeen United Kingdom ABZ Aberdeen (SD) USA ABR Abidjan Cote d'Ivoire ABJ Abilene (TX) USA ABI Abu Dhabi - Abu Dhabi International United Arab Emirates AUH Abuja - Nnamdi Azikiwe International Airport Nigeria ABV Abu Rudeis Egypt AUE Abu Simbel Egypt ABS Acapulco Mexico ACA Accra - Kotoka International Airport Ghana ACC Adana Turkey ADA Addis Ababa - Bole International Airport Ethiopia ADD Adelaide Australia ADL Aden - Aden International Airport Yemen ADE Adiyaman Turkey ADF Adler/Sochi Russia AER Agades Niger AJY Agadir Morocco AGA Agana (Hagåtña) Guam SUM Aggeneys South Africa AGZ Aguadilla Puerto Rico BQN Aguascaliente Mexico AGU Ahmedabad India AMD Aiyura Papua New Guinea AYU Ajaccio France AJA Akita Japan AXT Akron (OH) USA CAK Akrotiri - RAF Cyprus AKT Al Ain United Arab Emirates AAN Al Arish Egypt AAC Albany Australia ALH Albany (GA) USA ABY Albany (NY) - Albany International Airport USA ALB Albi France LBI Alborg Denmark AAL Albuquerque (NM) USA ABQ Albury Australia ABX Alderney Channel Islands ACI Aleppo Syria ALP Alesund Norway AES Alexander Bay - Kortdoorn South Africa ALJ Alexandria - Borg el Arab Airport Egypt HBH Alexandria - El Nhouza Airport Egypt ALY Alexandria - Esler Field USA (LA) ESF Alfujairah (Fujairah) United Arab Emirates FJR Alghero Sassari Italy AHO Algiers, Houari Boumediene Airport Algeria ALG Al Hoceima Morocco AHU Alicante Spain ALC Alice Springs Australia ASP Alldays South Africa ADY Allentown (PA) USA ABE Almaty (Alma
    [Show full text]
  • IDEA07 Exhibitors
    IDEA07 Exhibitors 3M Bostik Diatec Foster Needle 20-15 Vision Solutions Boyd Converting Dienes Frankl & Thomas A Celli Nonwovens Branson Ultrasonics Dilo Franklin International Accratec Engineering Brentwood Plastics Dilo Machines Freudenberg Nonwovens AccuSentry Buckeye Technologies Dilo Spinnbau (North America) Acrison International UK Caligen Foam Dilo Systems Fujian Nanfang Acrison Inc. (USA) Card Clothing & Services Dilo Temafa Fulflex Elastomerics Action Nonwovens Carolina Nonwoven DIMATRA Nonwovens Worldwide ADM-Lysac, Div of Archer Catalyst International Converting Machinery Garis Graphics Daniels Midland Catbridge Machinery Diversified Systems GDM Advanced Fabrics (SAAF) Cavitec Dongguan Weijing GE Energy Advanced Testing CB Packaging API Garment Interlining Gelok International Instruments Celanese Emulsions Dornbusch & Cia Brazil General Nonwovens Aeroglide Cellulose Converting Dow Chemical Georgia-Pacific Ahlstrom Equipments Dukane Ultrasonics Gevas Packaging Aichele Werkzeuge CEREX Advanced Fabrics - DuPont & Converting Air Products Polymers A Western Nonwovens Co. EAM GFM Maschinenbau Albany International Chase Machine & Engineering Eastern Engraving Ginni Filaments Allertex of America China Nonwovens & Industrial Eastman Chemical GKD-USA Americhem Textiles Association EDANA — International Glo-Tex International Andritz Küsters (CNITA) Association Serving the Gneuss Aplix China Nonwovens Nonwovens and Related Golden Phoenix Fiberwebs Argus Fire Control Technical Association Industries Gordian Nonwovens Asia Nonwoven Fabrics
    [Show full text]
  • From Sheep to Shipping: a Short History of The
    The Colonie Historical Oracle Quarterly Newsletter of the Historical Society of the Town of Colonie & Town Historian’s Office Volume 10, No. 1 January - March 2014 “From Sheep to Shipping” A Short History of the Albany Felt Company of Menands and the Production of Paper-Making Felts, 1895-2010 Submitted by Kevin Franklin, Historian, Town of Colonie Albany Felt Company, Menands, Town of Colonie Several publications have been attributed to the his- than 100 pages of text and graphics. In 2009, Mr. J. tory of Albany Felt and later Albany International Spencer Standish, Chairman of the Board of Albany Company. To tell the entire story of Albany Felt International, along with Times Union columnist Company would take several newsletters, even in Paul Grondahl, compiled a book about Mr. Stan- condensed form. In 1995, Lorna Skaaren (Member of the Historical Society of the Town of Colonie and Welcome New Member! currently on the Board of Directors of the Historic Pruyn House of Colonie) authored a book called: The Historical Society of the Town of Colonie “Albany International, The First One Hundred would like to welcome our newest member: Elinor Years.” The publication consists of slightly more Obuchowski. Welcome, Elinor! Volume 10, No. 1 Jan - Mar 2014 dish’s family history and their association with the had worked for Albany Felt & Albany International early and continuing history of the Albany Felt Corp. for many years before the plant began down- Company. The book is titled: “From Myles to sizing in the late 1990’s and into the 2000’s. I also Spencer, An Informal Standish Family Memoir.” reached out to Mr.
    [Show full text]
  • Rapidroll® 392 the Wind Stays Outside
    Data Sheet High Performance Door RapidRoll® 392 The wind stays outside Robust industrial door that offers good value for money. Self-opening (depending on door size) once the brake has been released by the built-in counterweights. Optional knock-out capability also available Next generation in High Performance Door control systems High Performance Door RapidRoll® 392 ADVANTAGES OF ALBANY RAPIDROLL® 392 Technical Data - curtain guides in the side frames protect the material and offer high Interior door suitable wind resistance and a long service life Exterior door suitable - fast opening and closing minimises energy and hear loss Wind resistance class 2 - EN 12424 - door curtain made of high-transparency PVC or Door dimension (mm) For details please note general drawing! very rigid RollTex® Plus for extreme mechanical demands DW min. / max. 2000 / 6000 mm - robust industry standard with attractive value for money DH min. / max. 2000 / 6000 mm - solid basic design that can be upgraded individually as required Opening direction vertical Surface APPLICATION Side frames galvanised steel profile - as an exterior door to prevent drafts and for access control Bottom profile anodised aluminium Top roll ≤ DW 4500 mm - as a room and environment divider to save energy indoors anodised aluminium - in busy transport locks > DW 4500 mm primed steel Covers (optional) DESIGN Top roll cover 1) Self-supporting, easy-to-install design. A counterbalance is integrated Motor cover 1) into the galvanised metal profile side frames with counterweights. The Door curtain (alternatively) top roll is made of aluminium for doors up to 4500 mm wide and steel for PVC with blue reinforcement stripes wider doors.
    [Show full text]
  • Albany Ultrafast High Speed Door
    6SHHG3URGXFWLYLW\ DQG6DYLQJV The Ultimate in High Speed Doors 8OWUD)DVW7HFKQLFDO,QIRUPDWLRQ 8OWUD)DVW 8OWUD)DVW$SSOLFDWLRQV Opening and Closing Speeds 60” per second )DVW«6DIH5HOLDEOH Opening up to Manufacturing Facilities (Optional 100” per second) From the world’s largest manufacturer Distribution Facilities Closing up to 24" per second of high speed industrial doors. Door Dimension Warehousing & Storage Max. Height 20 ft (6,096mm) For high fork-truck traffic and low maintenance, the Government Facilities Max. Width 20 ft (6,096mm) UltraFast reliably delivers opening speeds of 60” per Min. Height 7 ft. (2,133mm) second — even in moderate wind/negative pressure Food & Beverage Services Min. Width 3 ft. (914mm) applications. You’ll meet productivity goals without Safety Features compromising safety or maintenance costs. Retail Automotive Photo Eye Standard Optional - 40 infrared thru-beam SureGuard Light Curtain Higher Speeds – Lower Maintenance Costs Utilities optical sensors From installation to operation and maintenance, the Limitless Options Wireless Safety System No coil cords UltraFast optimizes productivity and minimizes Soft bottom bar has fail-safe BacTrack Bottom Beam maintenance costs with features including: electric safety edge ™ Brake release automatically • BacOut Safety System (Optional) – easily BacOut Safety System • Opening speeds up to 60” per second plus an option accessible brake release automatically raises the door raises door during power outage that boosts speed up to 100” per second. in an emergency Door Panel Woven monofilament polyester • BacFlap™ Auto-reset System – break-away bottom • BacTrack™ Soft Bottom Bar – protects workers from 2-ply PVC impregnated panel material. Optional - 3 ply beam prevents door panel tears and automatically even the slightest contact, which automatically Optional - 40 oz replaceable Vinyl resets itself after impact reverses the door to the open position.
    [Show full text]