Albany International Corp., is an advanced textiles and materials processing company. The Company operates through two business segments: The Machine Clothing (MC) segment and The Albany Engineered Composites segment (AEC). The Machine Clothing (MC) segment includes paper machine clothing, engineered fabrics and belts used in the manufacture of paper and paperboard as well as engineered fabrics and belts used in many other industrial applications. The Company is engaged in design, manufacture, and market paper machine clothing for each section of the paper machine. The Albany Engineered Composites segment (AEC), including Albany Safran Composites, LLC (ASC), in which its customer SAFRAN Group owns a 10% noncontrolling interest, provides custom-designed advanced composite structures based on proprietary technology to customers in the aerospace and defense industries. AEC’s largest development program relates to the LEAP engine being developed by CFM International.