Albany International Corp together with its subsidiaries engages in the textile and materials processing business The company operates in two segments Machine Clothing MC and Albany Engineered Composites AEC The MC segment designs manufactures and markets paper machine clothing for use in the manufacturing of papers paperboards tissues and towels This segment offers forming pressing and drying fabrics as well as process belts used in the manufacture of nonwovens fiber cement and several other industrial applications and engineered fabrics The AEC segment 3Dwoven and injected composite components for aircraft engines composite airframe and engine components for military and commercial aircraft It operates in the United States Switzerland Brazil China France Mexico and internationally Albany International Corp was incorporated in 1895 and is headquartered in Rochester New Hampshire