|
|
Article: Albany International Announces Reduction in Manufacturing Capacity in North America.
- Article from:
- PR Newswire
- Article date:
- August 3, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
ALBANY, N.Y., Aug. 3 /PRNewswire-FirstCall/ -- Albany International Corp. (NYSE: AIN; PCX, FWB) announced today the intention to discontinue dryer fabric manufacturing operations at its facility in Cowansville, Quebec, Canada, and to shut down seaming capacity at its Menasha, Wisconsin, forming fabric operation. These actions are the result of shifting paper machine clothing demand in the Americas and the continuing closure of paper and paperboard machines in North America, especially Canada.
The decision by the Company to discontinue operations is a business-driven necessity and, therefore, does not reflect on the fine performance of the affected Albany ...