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Company > Albany International Corp: Business Model, SWOT Analysis, and Competitors 2023

Albany International Corp: Business Model, SWOT Analysis, and Competitors 2023

Published: Mar 16, 2023

Inside This Article


    Albany International Corp is a leading global provider of advanced textiles and materials processing equipment. In this blog article, we will delve into their business model, conducting a SWOT analysis to assess their strengths, weaknesses, opportunities, and threats. Furthermore, we will explore the competitive landscape, examining the key players in the industry who pose a challenge to Albany International Corp. By analyzing these factors, we aim to provide valuable insights into the company's position and prospects in the year 2023.

    What You Will Learn:

    • Who owns Albany International Corp and the significance of their ownership in the company.
    • The mission statement of Albany International Corp and how it guides their operations and goals.
    • The various ways Albany International Corp generates revenue and sustains its business model.
    • An in-depth explanation of Albany International Corp's Business Model Canvas and how it affects their overall strategy.
    • The major competitors of Albany International Corp and how they impact the company's market position.
    • A comprehensive SWOT analysis of Albany International Corp, highlighting its strengths, weaknesses, opportunities, and threats.

    Who owns Albany International Corp?

    Institutional Ownership

    The ownership of Albany International Corp., a global advanced textiles and materials processing company, is primarily held by institutional investors. These investors, such as mutual funds, pension funds, and other financial institutions, collectively own a significant portion of the company's shares.

    According to the latest available data, institutional investors hold approximately 80% of Albany International Corp.'s common stock. This level of institutional ownership indicates a strong interest and confidence in the company's future prospects among professional investors.

    Top Institutional Shareholders

    Several prominent institutional investors have significant stakes in Albany International Corp. One of the largest institutional shareholders is BlackRock, Inc., a leading global investment management firm. BlackRock currently owns around 14% of the company's outstanding shares, making it the largest institutional investor in Albany International Corp.

    Other notable institutional shareholders include The Vanguard Group, which holds approximately 10% of the company's shares, and State Street Corporation, with a stake of around 8%. These institutions have a long history of investing in various industries and are known for their expertise in analyzing and selecting promising companies.

    Insider Ownership

    In addition to institutional investors, Albany International Corp. also has substantial insider ownership. Insiders, including the company's executives, directors, and employees, collectively hold approximately 10% of the outstanding shares. This level of insider ownership can be a positive sign for investors, as it indicates that those closely involved with the company have a vested interest in its success.

    Notably, A. William Higgins, the President and CEO of Albany International Corp., holds a significant number of shares in the company. This demonstrates his confidence in the company's future and aligns his interests with those of shareholders.

    Ownership Changes

    Ownership of Albany International Corp. can change over time as institutional investors buy or sell shares, and insiders make personal investment decisions. It is important for investors to monitor these ownership changes as they can provide valuable insights into market sentiment and the perceived value of the company.

    Investors can access information about ownership changes through regulatory filings, such as the Securities and Exchange Commission's Form 13F, which discloses institutional holdings, or through the company's annual reports and proxy statements.

    Understanding the ownership structure of Albany International Corp. allows investors to gauge the level of institutional support and the alignment of insiders' interests. This information can be valuable when making investment decisions and assessing the company's overall stability and growth potential.

    What is the mission statement of Albany International Corp?

    The Mission Statement of Albany International Corp: Innovating for a Sustainable Future

    Albany International Corp, a globally recognized leader in advanced textiles and materials processing, operates with a clear and impactful mission statement. At the heart of their operations lies the commitment to innovation for a sustainable future.

    The company envisions a world where their cutting-edge technologies and solutions contribute to the development of sustainable industries and mitigate the environmental impact of manufacturing processes. Albany International Corp believes that by pushing the boundaries of what is possible, they can provide their customers with innovative and eco-friendly solutions that reduce energy consumption, waste generation, and carbon emissions.

    Their mission statement reflects the company's dedication to meeting the needs of their customers while simultaneously prioritizing environmental responsibility and sustainability. Albany International Corp aims to deliver products and services that not only exceed industry standards but also align with their core values of integrity, excellence, and social responsibility.

    By fostering a culture of continuous improvement and investing in research and development, Albany International Corp strives to develop groundbreaking technologies that revolutionize the industries they serve. Through collaborations with customers, partners, and industry stakeholders, they actively seek to identify and address challenges in manufacturing processes and supply chains.

    Albany International Corp recognizes the importance of staying ahead of the curve in an ever-evolving global marketplace. As such, their mission statement emphasizes the need for ongoing innovation, agility, and adaptability. By anticipating market trends and embracing emerging technologies, they strive to provide their customers with solutions that optimize performance, efficiency, and sustainability.

    In summary, the mission statement of Albany International Corp reflects their commitment to innovation and sustainability. They aim to leverage their expertise and technology to shape a future where their customers can thrive while minimizing their environmental impact. Through continuous improvement and collaboration, Albany International Corp aspires to be at the forefront of sustainable solutions for industries around the world.

    How does Albany International Corp make money?

    Manufacturing and Selling Advanced Materials

    One of the primary ways Albany International Corp generates revenue is through manufacturing and selling advanced materials. The company specializes in engineered composites, which are used in various industries such as aerospace, automotive, and industrial applications.

    Albany International Corp's advanced materials are known for their exceptional strength, durability, and lightweight properties. These materials are often used in the manufacturing of aircraft components, automotive parts, and industrial machinery.

    The company has a state-of-the-art manufacturing facility equipped with cutting-edge technology and equipment. This enables them to produce high-quality advanced materials efficiently and in large quantities. Albany International Corp's extensive product portfolio caters to the diverse needs of its customers, allowing them to serve a wide range of industries.

    Through strategic partnerships and collaborations, Albany International Corp has established a strong presence in the global market for advanced materials. Their products are in high demand, both domestically and internationally, which contributes significantly to their revenue generation.

    Providing Engineered Fabrics and Consumables

    Another significant source of revenue for Albany International Corp is the provision of engineered fabrics and consumables. These fabrics are used in various applications, including paper machine clothing, filtration, and industrial processes.

    Albany International Corp's engineered fabrics are designed to meet the specific requirements of different industries. They offer a range of products that deliver superior performance, durability, and reliability. Whether it's for paper manufacturing or filtration systems, Albany International Corp's fabrics are known for their exceptional quality and efficiency.

    In addition to engineered fabrics, the company also provides consumables such as chemicals, coatings, and components. These consumables are essential for the efficient operation and maintenance of various industrial processes. Albany International Corp's consumables are highly regarded in the industry for their effectiveness and compatibility with their customers' equipment.

    By offering a comprehensive range of engineered fabrics and consumables, Albany International Corp has established itself as a trusted supplier to numerous industries worldwide. This has enabled them to generate substantial revenue and maintain a strong market position.

    Providing Aftermarket Services and Support

    Apart from manufacturing and selling advanced materials, as well as providing engineered fabrics and consumables, Albany International Corp also generates revenue through aftermarket services and support. These services include maintenance, repair, and overhaul of equipment, as well as technical support and training.

    Albany International Corp understands the importance of supporting their customers throughout the lifecycle of their products. They offer comprehensive aftermarket services to ensure their customers' equipment operates optimally and efficiently. This includes regular maintenance and inspections, timely repairs, and access to expert technical support.

    Moreover, Albany International Corp provides training programs and workshops to educate their customers on the proper use and maintenance of their products. By offering these services, the company not only enhances customer satisfaction but also generates additional revenue streams.

    In conclusion, Albany International Corp makes money through several avenues, including manufacturing and selling advanced materials, providing engineered fabrics and consumables, and offering aftermarket services and support. Their commitment to producing high-quality products and providing exceptional customer service has enabled them to thrive in the global market.

    Albany International Corp Business Model Canvas Explained

    Introduction to the Business Model Canvas

    The Business Model Canvas is a strategic management tool that provides a visual representation of a company's business model. It consists of nine building blocks that help describe, analyze, and evaluate the key aspects of a business. In this section, we will explore the Albany International Corp Business Model Canvas and explain how each building block contributes to the overall success of the company.

    Key Partnerships

    Albany International Corp recognizes the importance of strategic partnerships to enhance its business operations and deliver value to its customers. The company has established collaborations with various stakeholders, including suppliers, distributors, and research institutions. These partnerships enable Albany International Corp to access critical resources, expertise, and market channels, ultimately strengthening its competitive advantage.

    One of the key partnerships for Albany International Corp is with its suppliers. By collaborating closely with suppliers, the company can ensure a steady supply of high-quality raw materials and components. This helps to maintain the consistency and reliability of its products while minimizing production costs.

    Additionally, Albany International Corp has formed partnerships with distributors and resellers to expand its market reach and improve customer accessibility. These partnerships enable the company to deliver its products to a broader customer base, both domestically and internationally.

    Key Activities

    The key activities of Albany International Corp revolve around the design, development, manufacturing, and distribution of advanced materials and process technologies. The company focuses on continuous innovation to meet the evolving needs of its customers and stay ahead of the competition.

    Research and development (R&D) play a crucial role in Albany International Corp's business model. The company invests significant resources in R&D to develop cutting-edge solutions that cater to various industries, such as aerospace, automotive, and energy. By staying at the forefront of technological advancements, Albany International Corp can offer differentiated products and maintain its position as a market leader.

    Manufacturing is another essential activity for Albany International Corp. The company operates production facilities worldwide, leveraging its global footprint to optimize efficiency and meet customer demands. Through efficient manufacturing processes, Albany International Corp can ensure timely delivery and superior quality of its products.

    Value Proposition

    Albany International Corp's value proposition lies in its ability to provide innovative and high-quality solutions to its customers. The company's advanced materials and process technologies offer numerous benefits, including improved performance, increased efficiency, and cost savings.

    By leveraging its expertise and R&D capabilities, Albany International Corp can develop customized solutions that address specific customer needs. The company's value proposition is further enhanced by its commitment to sustainability and environmental stewardship. Albany International Corp strives to develop eco-friendly products that help customers reduce their carbon footprint and meet regulatory requirements.

    Customer Segments

    Albany International Corp serves a diverse range of customer segments across different industries. Its customers include aerospace manufacturers, automotive companies, paper and packaging manufacturers, and energy producers, among others. The company's broad customer base allows it to mitigate risks associated with dependence on a single industry and diversify its revenue streams.

    Each customer segment has unique requirements and demands, and Albany International Corp tailors its products and services to meet those specific needs. By understanding the distinct challenges faced by different industries, the company can deliver value-added solutions that address these challenges effectively.


    The Business Model Canvas provides a comprehensive framework to analyze and understand the key elements of Albany International Corp's business model. From strategic partnerships and key activities to value proposition and customer segments, each building block plays a vital role in the company's success. By continuously evaluating and refining its business model, Albany International Corp can adapt to changing market dynamics and maintain its competitive edge in the global marketplace.

    Which companies are the competitors of Albany International Corp?


    Albany International Corp is a global advanced textiles and materials processing company based in the United States. With its diverse product portfolio and strong market presence, it faces competition from several companies operating in similar sectors. This section will explore some of the key competitors of Albany International Corp.

    Competitor 1: Glatfelter Corporation

    Glatfelter Corporation is a leading global supplier of engineered materials. With a focus on specialty papers and fiber-based engineered materials, Glatfelter operates in a similar market as Albany International Corp. The company serves various industries, including filtration, food and beverage, personal care, and packaging. Glatfelter's innovative products and customer-centric approach make it a formidable competitor for Albany International Corp.

    Competitor 2: Freudenberg Group

    The Freudenberg Group is a multinational technology company that operates in various industries, including textiles, filtration, and specialty chemicals. Freudenberg's extensive product range includes nonwoven fabrics, filters, and technical textiles, which positions it as a strong competitor to Albany International Corp. With a global presence and a focus on innovation, Freudenberg remains a major player in the advanced textiles industry.

    Competitor 3: Ahlstrom-Munksjö

    Ahlstrom-Munksjö is a global leader in fiber-based materials, supplying innovative solutions to a wide range of industries. The company offers products such as filtration materials, release liners, and food packaging materials. Ahlstrom-Munksjö's commitment to sustainability and continuous product development enables it to compete effectively with Albany International Corp in this dynamic market.

    Competitor 4: Hollingsworth & Vose Company

    Hollingsworth & Vose Company (H&V) is a globally recognized manufacturer of advanced materials. Specializing in engineered papers, nonwovens, and filtration products, H&V caters to various industries, including automotive, healthcare, and industrial filtration. H&V's strong focus on research and development, coupled with its extensive product portfolio, makes it a significant competitor for Albany International Corp.

    Competitor 5: Johns Manville Corporation

    Johns Manville Corporation is a leading manufacturer of building materials and engineered products. While it primarily operates in the construction industry, Johns Manville also offers nonwoven products used in filtration, industrial applications, and other sectors. The company's wide-ranging product offering and established market presence make it a notable competitor for Albany International Corp.


    Albany International Corp faces competition from several strong players in the advanced textiles and materials processing industry. Companies like Glatfelter Corporation, Freudenberg Group, Ahlstrom-Munksjö, Hollingsworth & Vose Company, and Johns Manville Corporation are just a few examples of the competitors that Albany International Corp encounters. Despite the competition, Albany International Corp's focus on innovation, quality, and customer satisfaction allows it to maintain a strong position in the market.

    Albany International Corp SWOT Analysis


    • Strong global presence: Albany International Corp operates in over 20 countries, allowing it to access a wide range of markets and customers worldwide. This global footprint provides the company with a competitive advantage and increases its potential for revenue growth.

    • Diverse product portfolio: The company offers a diverse range of products, including engineered fabrics, machine clothing, and engineered composites. This diversification helps to mitigate risks associated with market fluctuations and enables Albany International Corp to serve multiple industries, such as aerospace, paper and pulp, and automotive.

    • Technological expertise: Albany International Corp has a strong focus on research and development, investing in cutting-edge technologies to develop innovative products. This technological expertise and continuous innovation give the company a competitive edge, allowing it to deliver high-quality and advanced solutions to its customers.

    • Strong customer relationships: Albany International Corp has established long-standing relationships with its customers, built on trust and reliable performance. These relationships are based not only on the quality of its products but also on its commitment to customer service and support. This strong customer base provides a stable revenue stream and creates opportunities for future collaborations.


    • Dependence on key customers: Albany International Corp relies heavily on a few key customers for a significant portion of its revenue. This over-reliance exposes the company to the risk of losing these customers or facing reduced orders, which could have a negative impact on its financial performance.

    • Vulnerability to raw material price fluctuations: The company's manufacturing processes require various raw materials, such as fibers and chemicals. Albany International Corp is exposed to the risk of price fluctuations in these raw materials, which can affect its profitability. The company needs to effectively manage these price risks by implementing comprehensive procurement strategies.


    • Growing demand for engineered materials: The increasing demand for lightweight and high-performance materials in industries like aerospace, automotive, and construction presents significant growth opportunities for Albany International Corp. The company's expertise in engineered composites and fabrics positions it well to capitalize on these emerging opportunities.

    • Expansion into new markets: Albany International Corp can explore untapped markets and geographies to expand its customer base and diversify its revenue streams further. By strategically entering new markets, the company can reduce its dependence on specific industries and mitigate risks associated with market fluctuations.


    • Intense competition: The industry in which Albany International Corp operates is highly competitive, with numerous global and regional players. Intense competition can lead to price pressures and erode profit margins. The company needs to continuously innovate, deliver superior products, and differentiate itself to maintain a competitive edge.

    • Economic downturns: Albany International Corp's financial performance is susceptible to economic downturns, as its products are often considered discretionary purchases. In times of economic uncertainty, customers may delay or reduce their orders, impacting the company's revenue. It is crucial for Albany International Corp to closely monitor economic conditions and adapt its strategies accordingly to mitigate the impact of downturns.

    Key Takeaways

    • Albany International Corp is a publicly traded company with multiple shareholders, meaning it is owned by a combination of individuals, institutional investors, and other corporations.
    • The mission statement of Albany International Corp is to be the world's leading developer and manufacturer of engineered components and advanced materials.
    • Albany International Corp makes money primarily through the sale of engineered components and advanced materials to various industries, including aerospace, paper, and nonwovens.
    • Albany International Corp's business model canvas consists of key components such as customer segments, value propositions, channels, customer relationships, revenue streams, key activities, key resources, and key partnerships.
    • Some of the competitors of Albany International Corp include companies such as Valmet Corporation, Andritz AG, Kadant Inc., and Xerium Technologies Inc.
    • Albany International Corp's SWOT analysis highlights its strengths such as its strong market position and diversified product portfolio, weaknesses like high dependence on a few key customers, opportunities in emerging markets and technological advancements, and threats from intense competition and economic fluctuations.


    In conclusion, Albany International Corp is owned by various institutional investors and has a mission to provide innovative solutions in the advanced textiles and materials processing industry. The company generates revenue through its two main segments, Machine Clothing and Albany Engineered Composites. By diversifying its product offerings and focusing on customer satisfaction, Albany International Corp has been able to maintain a strong market position and generate consistent profits.

    Analyzing Albany International Corp's business model canvas, we can see how the company creates value by maintaining strategic partnerships, optimizing its supply chain, and continuously improving its manufacturing processes. These factors contribute to the company's overall success and help it stay ahead of competitors in the industry.

    Speaking of competitors, Albany International Corp faces competition from companies like Xerium Technologies, Valmet Corporation, and AstenJohnson. These companies operate in similar markets and offer comparable products and services, creating a competitive landscape that Albany International Corp must navigate.

    Lastly, conducting a SWOT analysis of Albany International Corp reveals its strengths in innovation and customer relationships, as well as its weaknesses in market diversification and reliance on key customers. Opportunities for growth lie in expanding into new markets and leveraging emerging technologies, while threats include economic downturns and intense competition.

    Overall, Albany International Corp is a reputable company that continues to thrive in the advanced textiles and materials processing industry. With a clear mission, a strong business model, and a strategic approach to competition, the company is well-positioned for future success.


    How can I find a SWOT analysis on a company?

    There are several ways to find a SWOT analysis on a company:

    1. Company's website: Start by visiting the official website of the company you are interested in. Some companies publish their SWOT analysis in their annual reports, investor presentations, or corporate social responsibility reports.

    2. Business news and financial websites: Look for reputable business news websites such as Bloomberg, CNBC, Forbes, or Reuters. These websites often have articles or reports that discuss the SWOT analysis of different companies.

    3. Market research reports: Market research firms such as IBISWorld, Statista, or MarketResearch.com often publish reports that include SWOT analysis for various companies across different industries. These reports may require a subscription or purchase.

    4. Business databases: Access business databases such as Business Source Complete, Factiva, or ProQuest. These databases compile information from various sources, including SWOT analysis reports.

    5. Online search engines: Conduct a simple online search using the company's name and "SWOT analysis." You may find research papers, articles, or blog posts that discuss the SWOT analysis of the company.

    6. Industry associations and trade publications: Check industry-specific associations or trade publications related to the company's sector. They sometimes publish reports or articles that include SWOT analysis for companies within their industry.

    Remember that SWOT analyses are often subjective and can vary depending on the source. It's always good to cross-reference information from multiple sources to get a comprehensive understanding.

    What is SWOT analysis in international business?

    SWOT analysis is a strategic planning tool used in international business to evaluate the strengths, weaknesses, opportunities, and threats of a company or organization operating in a global context. It helps in assessing the internal and external factors that can impact the company's performance and competitiveness in international markets.

    1. Strengths: These are the internal factors that give the company a competitive advantage over others. This could include factors such as strong brand recognition, advanced technology, skilled workforce, or unique product offerings.

    2. Weaknesses: These are the internal factors that hinder the company's performance or put it at a disadvantage in the international market. Examples could be inadequate infrastructure, limited financial resources, lack of market knowledge, or outdated technology.

    3. Opportunities: These are the external factors that can be leveraged to the company's advantage in the international market. This could include emerging markets, favorable government policies, technological advancements, or changing consumer preferences that align with the company's offerings.

    4. Threats: These are the external factors that pose risks or challenges to the company's international operations. Examples could be intense competition, trade barriers, economic volatility, political instability, or legal/regulatory changes.

    By conducting a SWOT analysis, international businesses can gain insights into their current position, identify areas for improvement, and develop strategies to capitalize on opportunities and mitigate threats. It helps in making informed decisions regarding market entry, product development, resource allocation, and risk management in the global business environment.

    What are the 5 elements of SWOT analysis?

    The five elements of SWOT analysis are:

    1. Strengths: These are the internal factors that give an organization a competitive advantage or unique capabilities. They can include resources, expertise, market position, or brand reputation.

    2. Weaknesses: These are the internal factors that hinder the organization's performance or put it at a disadvantage compared to competitors. They can include lack of resources, poor infrastructure, or limited market presence.

    3. Opportunities: These are the external factors that can be leveraged to the organization's advantage. They can include emerging trends, new markets, technological advancements, or changing consumer preferences.

    4. Threats: These are the external factors that pose challenges or risks to the organization's success. They can include intense competition, economic downturns, regulatory changes, or disruptive technologies.

    5. Trends: This element is sometimes added as an extension of the traditional SWOT analysis. It involves identifying long-term patterns or developments in the industry or market that could impact the organization positively or negatively. These trends can include demographic shifts, socio-cultural changes, or political and environmental factors.

    What are 3 examples of opportunities in SWOT analysis?

    1. Market growth: An opportunity may arise from a growing market demand for a particular product or service. For example, if a company operates in the renewable energy sector, the increasing global shift towards clean energy sources presents an opportunity for growth and market expansion.

    2. Technological advancements: The emergence of new technologies can create opportunities for businesses to improve their operations, develop innovative products, or streamline processes. For instance, the adoption of artificial intelligence and automation can enable companies to enhance efficiency and competitiveness.

    3. Changes in regulations or policies: Changes in laws, regulations, or government policies can create opportunities for businesses to enter new markets or expand their operations. For instance, the legalization of cannabis in certain regions has opened up opportunities for companies to enter the medical or recreational marijuana industry.

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