Albany International Corp. Announces Plans to Consolidate Manufacturing Capacity
Heimbach Switzerland AG, an affiliate of Albany International Corp. (NYSE:AIN), has announced plans to initiate consultations regarding the proposed discontinuation of manufacturing operations in Olten, Switzerland. The company plans to transfer production to other Heimbach GmbH facilities. This consolidation aims to align paper machine clothing manufacturing capacity with local market demand and customer needs. The proposed action would affect 83 employees, who will be offered separation and outplacement assistance. The company cannot currently estimate associated costs until consultations conclude.
Heimbach Switzerland AG, un affiliato di Albany International Corp. (NYSE:AIN), ha annunciato piani per avviare consultazioni riguardo alla proposta di cessare le operazioni di produzione a Olten, in Svizzera. L'azienda prevede di trasferire la produzione in altri stabilimenti di Heimbach GmbH. Questa consolidazione mira ad allineare la capacità di produzione di abbigliamento per macchine da carta con la domanda del mercato locale e le esigenze dei clienti. L'azione proposta avrebbe un impatto su 83 dipendenti, ai quali sarà offerta assistenza per la separazione e il ricollocamento. Attualmente, l'azienda non è in grado di stimare i costi associati fino al termine delle consultazioni.
Heimbach Switzerland AG, una filial de Albany International Corp. (NYSE:AIN), ha anunciado planes para iniciar consultas sobre la propuesta de discontinuar las operaciones de fabricación en Olten, Suiza. La compañía planea transferir la producción a otras instalaciones de Heimbach GmbH. Esta consolidación tiene como objetivo alinear la capacidad de producción de prendas para máquinas de papel con la demanda del mercado local y las necesidades de los clientes. La acción propuesta afectaría a 83 empleados, quienes recibirán asistencia para la separación y recolocación. Actualmente, la empresa no puede estimar los costos asociados hasta que concluyan las consultas.
Heimbach Switzerland AG는 Albany International Corp. (NYSE:AIN)의 자회사로서 스위스 올텐에서의 제조 운영 중단 제안에 대한 상담을 시작할 계획을 발표했습니다. 회사는 생산을 다른 Heimbach GmbH 시설로 이전할 계획입니다. 이 통합은 종이 기계 의류 제조 능력을 지역 시장 수요 및 고객 요구에 맞추기 위한 것입니다. 제안된 조치는 83명의 직원에게 영향을 미치며, 이들에게는 분리 및 재배치 지원이 제공될 것입니다. 회사는 현재 상담이 마무리될 때까지 관련 비용을 추정할 수 없습니다.
Heimbach Switzerland AG, une filiale de Albany International Corp. (NYSE:AIN), a annoncé des projets d'initier des consultations concernant la proposition d'interrompre les opérations de fabrication à Olten, en Suisse. L'entreprise prévoit de transférer la production vers d'autres installations de Heimbach GmbH. Cette consolidation vise à aligner la capacité de fabrication des vêtements de machines à papier avec la demande du marché local et les besoins des clients. L'action proposée affecterait 83 employés, qui se verront offrir une assistance à la séparation et à la réinsertion. L'entreprise ne peut actuellement pas estimer les coûts associés jusqu'à la fin des consultations.
Heimbach Switzerland AG, eine Tochtergesellschaft von Albany International Corp. (NYSE:AIN), hat Pläne angekündigt, Beratungen über die vorgeschlagene Einstellung der Produktionsaktivitäten in Olten, Schweiz, einzuleiten. Das Unternehmen plant, die Produktion an andere Heimbach GmbH Standorte zu verlagern. Diese Konsolidierung zielt darauf ab, die Produktionskapazität von Papiermaschinenbekleidungen an die lokale Marktnachfrage und die Bedürfnisse der Kunden anzupassen. Die vorgeschlagene Maßnahme würde 83 Mitarbeiter betreffen, denen Unterstützung bei der Trennung und beruflichen Neuorientierung angeboten wird. Das Unternehmen kann derzeit keine damit verbundenen Kosten abschätzen, bis die Beratungen abgeschlossen sind.
- Manufacturing consolidation could improve operational efficiency
- Strategic alignment with market demand may optimize resource allocation
- Potential restructuring costs and charges (amount yet to be determined)
- Reduction of 83 employees indicates declining market conditions
- Manufacturing capacity reduction suggests weakening demand in the region
Insights
This manufacturing consolidation proposal in Switzerland represents a significant operational restructuring for Albany International. The closure of the Olten facility and transfer of production to other Heimbach GmbH locations signals continued pressure in the paper machine clothing market. While the financial impact remains undisclosed pending consultations, this move typically indicates:
- Potential cost savings through operational efficiency
- Reduced overhead and labor costs
- Better capacity utilization across remaining facilities
The restructuring affects 83 employees and will likely incur one-time charges for severance, relocation and facility closure costs. However, the long-term benefits should include improved margins and better alignment with market demand. The careful approach to employee consultations and legal compliance suggests a well-managed transition process.
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 will disclose the amount, type and timing of any such costs promptly after they are determined.
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/20241112194155/en/
Investor / Media Contact:
JC Chetnani
VP-Investor Relations and Treasurer
jc.chetnani@albint.com
Source: Albany International Corp.
FAQ
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