At its annual External Business Partner Summit, held on September 11, 2012, The Procter & Gamble Company (“P&G”) recognized Albany International Corp. (“the Company”) (NYSE:AIN) as a “Business Partner of the Year”. Of P&G’s more than 75,000 suppliers and agencies, only eight received this highest honor, with Albany International achieving this recognition for the second consecutive year. In addition, the Company has received four consecutive Excellence Awards from P&G.
Daniel Halftermeyer, President of Albany’s Global Machine Clothing business, said, “To receive this prestigious honor from P&G for a second consecutive year underscores the dedicated customer focus of the entire Albany team. From the manufacturing floor to R&D, from planning to technical, all of our employees are aligned to support our customers in achieving business excellence.”
The Company became a supplier to P&G in 1957 and the current partnership was formalized in 1991. Albany International is an exclusive supplier to a proprietary process related to the production of the P&G Charmin ®, Bounty ® and Puffs ® brands.
In selecting Albany International for this year’s award, P&G cited the following achievements regarding the Company’s performance: consistently delivers total value solutions (innovation, quality, cost) supporting P&G Family Care’s competitive advantage; demonstrates strong commitment to support P&G’s initiative pipeline by investing in new technology to streamline operations and continuously improve quality, supply chain time, and business continuity; and provides a dedicated, highly capable commercial and technical development team to ensure excellent collaboration across all functions.About Albany International Corp. 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 4,300 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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV