Albany International Corp. Announces Plans to Consolidate Manufacturing Capacity in Italy
Albany International Corp. (NYSE:AIN) has announced plans to consolidate its manufacturing operations in Italy. The company will discontinue manufacturing operations at its leased facility in Ballo and transfer production to a facility in Merone, owned by Industrie Tessili Bresciane Srl, another Albany International affiliate.
The consolidation aims to rationalize costs and align engineered fabrics manufacturing capacity with local market demand and customer needs. Affected employees will be offered transfer opportunities or separation and outplacement assistance. The company's Sales, Service & Application teams in Italy will remain unaffected, ensuring continued customer support and expertise.
The final costs associated with this consolidation cannot be estimated until employee consultations are completed, after which the company will disclose the amount, type, and timing of any related expenses.
Albany International Corp. (NYSE:AIN) ha annunciato piani per consolidare le sue operazioni di produzione in Italia. L'azienda interromperà le operazioni di produzione presso il suo stabilimento in affitto a Ballo e trasferirà la produzione in uno stabilimento a Merone, di proprietà di Industrie Tessili Bresciane Srl, un'altra affiliata di Albany International.
Il consolidamento mira a razionalizzare i costi e allineare la capacità di produzione di tessuti ingegnerizzati con la domanda del mercato locale e le esigenze dei clienti. I dipendenti interessati avranno l'opportunità di trasferimento o assistenza per la separazione e il reinserimento. I team di Vendite, Servizio e Applicazione dell'azienda in Italia rimarranno inalterati, garantendo un continuo supporto e competenza ai clienti.
I costi finali associati a questo consolidamento non possono essere stimati fino al termine delle consultazioni con i dipendenti, dopo di che l'azienda divulgherà l'importo, il tipo e i tempi di eventuali spese correlate.
Albany International Corp. (NYSE:AIN) ha anunciado planes para consolidar sus operaciones de fabricación en Italia. La empresa interrumpirá las operaciones de fabricación en su instalación arrendada en Ballo y transferirá la producción a una instalación en Merone, propiedad de Industrie Tessili Bresciane Srl, otra afiliada de Albany International.
La consolidación tiene como objetivo racionalizar los costos y alinear la capacidad de fabricación de tejidos técnicos con la demanda del mercado local y las necesidades de los clientes. A los empleados afectados se les ofrecerán oportunidades de transferencia o asistencia para la separación y recolocación. Los equipos de Ventas, Servicio y Aplicaciones de la empresa en Italia permanecerán sin cambios, asegurando un continuo apoyo y experiencia al cliente.
Los costos finales asociados con esta consolidación no se pueden estimar hasta que se completen las consultas con los empleados, después de lo cual la empresa divulgará el monto, tipo y cronograma de cualquier gasto relacionado.
앨버니 인터내셔널 코퍼레이션 (NYSE:AIN)은 이탈리아에서 제조 운영을 통합할 계획을 발표했습니다. 회사는 볼로에 있는 임대 시설에서 제조 작업을 중단하고, 앨버니 인터내셔널의 다른 계열사인 인더스트리 테실리 브레시안(Srl) 소유의 메로네 시설로 생산을 이전할 것입니다.
이번 통합은 비용을 합리화하고 엔지니어링 직물의 제조 용량을 지역 시장 수요 및 고객 요구에 맞추기 위한 것입니다. 영향을 받는 직원들에게는 이전 기회나 분리 및 재취업 지원이 제공될 것입니다. 이탈리아의 회사 영업, 서비스 및 애플리케이션 팀은 영향을 받지 않아 고객 지원과 전문성을 지속적으로 보장합니다.
이번 통합과 관련된 최종 비용은 직원 상담이 완료될 때까지 추정할 수 없으며, 이후 회사는 관련 비용의 금액, 유형 및 시기를 공개할 것입니다.
Albany International Corp. (NYSE:AIN) a annoncé des plans pour consolider ses opérations de fabrication en Italie. L'entreprise cessera les opérations de fabrication dans son établissement loué à Ballo et transférera la production vers un établissement à Merone, appartenant à Industrie Tessili Bresciane Srl, une autre filiale d'Albany International.
La consolidation vise à rationaliser les coûts et à aligner la capacité de fabrication de tissus techniques sur la demande du marché local et les besoins des clients. Les employés concernés se verront proposer des opportunités de transfert ou une assistance pour la séparation et le reclassement. Les équipes de Vente, Service et Application de l'entreprise en Italie resteront inchangées, garantissant un soutien et une expertise continus pour les clients.
Les coûts finaux associés à cette consolidation ne peuvent être estimés avant la fin des consultations avec les employés, après quoi l'entreprise divulguera le montant, le type et le calendrier des dépenses connexes.
Albany International Corp. (NYSE:AIN) hat Pläne zur Konsolidierung seiner Produktionsbetriebe in Italien angekündigt. Das Unternehmen wird die Produktionsaktivitäten einstellen in seiner gemieteten Einrichtung in Ballo und die Produktion verlagern in eine Einrichtung in Merone, die im Besitz von Industrie Tessili Bresciane Srl ist, einem weiteren Tochterunternehmen von Albany International.
Die Konsolidierung zielt darauf ab, die Kosten zu rationalisieren und die Produktionskapazität von technischen Geweben an die lokale Marktnachfrage und die Bedürfnisse der Kunden anzupassen. Betroffenen Mitarbeitern werden Transfermöglichkeiten oder Unterstützung bei der Trennung und beruflichen Neuorientierung angeboten. Die Vertriebs-, Service- und Anwendungsteams des Unternehmens in Italien bleiben von den Änderungen unberührt, um eine kontinuierliche Kundenbetreuung und Expertise zu gewährleisten.
Die endgültigen Kosten, die mit dieser Konsolidierung verbunden sind, können erst nach Abschluss der Mitarbeiterberatungen geschätzt werden, nach denen das Unternehmen die Höhe, Art und den Zeitpunkt etwaiger damit verbundener Ausgaben bekannt geben wird.
- Cost rationalization through facility consolidation
- Maintenance of existing sales and service capabilities
- Strategic alignment of manufacturing capacity with market demand
- Potential restructuring costs pending consultation process
- Reduction in manufacturing footprint
- Employee layoffs likely for those not accepting transfers
Insights
This manufacturing consolidation strategy reveals several key operational and financial implications. By transitioning from a leased facility to an owned facility, Albany International positions itself to achieve multiple strategic objectives:
Operational Efficiency: The consolidation into the Merone facility owned by Industrie Tessili Bresciane Srl (an Albany International affiliate) suggests potential operational synergies and improved capacity utilization. This move typically enables better resource allocation, reduced overhead costs, and streamlined production processes.
Cost Structure Optimization: The elimination of lease expenses and consolidation of operations into an owned facility generally yields substantial cost savings through:
- Reduced facility maintenance and operational overhead
- Improved inventory management and logistics efficiency
- Enhanced equipment utilization rates
- Streamlined workforce management
The company's careful approach to employee relations, offering transfer opportunities and outplacement assistance, indicates a well-planned transition strategy that aims to minimize disruption to operations and maintain workforce stability. The retention of Sales, Service & Application teams demonstrates a commitment to preserving customer relationships and market presence in Italy.
The timing of this announcement, without immediate cost estimates pending employee consultations, reflects regulatory compliance and strategic prudence. This approach allows for proper stakeholder engagement while maintaining flexibility in implementation. The consolidation aligns with broader industry trends of optimizing manufacturing footprints to enhance competitiveness and operational resilience.
This action will enable Albany to rationalize costs while aligning its engineered fabrics manufacturing capacity with local market demand and the needs of customers. Impacted employees will be offered transfer opportunities, or separation and outplacement assistance.
The company remains committed to the local industries it serves and will continue to provide customers with strong expertise in product application, sales and marketing, and service through the current Sales, Service & Application teams located in
About Albany International Corp.
Albany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses.
- Machine Clothing is the world’s leading producer of custom-designed, consumable belts essential for the manufacture of paper, paperboard, tissue and towel, pulp, non-wovens and a variety of other industrial applications.
- Albany Engineered Composites is a growing designer and manufacturer of advanced materials-based engineered components for demanding aerospace applications, supporting both commercial and military platforms.
Albany International is headquartered in
View source version on businesswire.com: https://www.businesswire.com/news/home/20250213536968/en/
Investor / Media Contact:
JC Chetnani
VP-Investor Relations and Treasurer
jc.chetnani@albint.com
Source: Albany International Corp.
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