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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000891092-10-000575.txt : 20100212
<SEC-HEADER>0000891092-10-000575.hdr.sgml : 20100212
<ACCEPTANCE-DATETIME>20100212110140
ACCESSION NUMBER:		0000891092-10-000575
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20100212
ITEM INFORMATION:		Cost Associated with Exit or Disposal Activities
FILED AS OF DATE:		20100212
DATE AS OF CHANGE:		20100212

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALBANY INTERNATIONAL CORP /DE/
		CENTRAL INDEX KEY:			0000819793
		STANDARD INDUSTRIAL CLASSIFICATION:	BROADWOVEN FABRIC MILS, MAN MADE FIBER & SILK [2221]
		IRS NUMBER:				140462060
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10026
		FILM NUMBER:		10595887

	BUSINESS ADDRESS:	
		STREET 1:		1373 BROADWAY
		CITY:			ALBANY
		STATE:			NY
		ZIP:			12204
		BUSINESS PHONE:		5184452200

	MAIL ADDRESS:	
		STREET 1:		1373 BROADWAY
		CITY:			ALBANY
		STATE:			NY
		ZIP:			12204

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALBINT INC
		DATE OF NAME CHANGE:	19870924
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>e37784_8k.htm
<DESCRIPTION>FORM 8-K
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  <P style="text-align: center;"> <B>UNITED STATES</B><BR>

<B>SECURITIES AND EXCHANGE COMMISSION</B><BR>

<B>Washington, D.C. 20549</B><BR>

<BR>

<B><font size="4">FORM 8-K</font></B><BR>

<BR>

<B>CURRENT REPORT</B><BR>

<B>Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934</B><BR>

<BR>

Date of Report (Date of earliest event reported) February 12, 2010<BR>

<BR>

  <table width="100%" border="0" cellspacing="0" cellpadding="0">
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      <td><b><font size="5">ALBANY INTERNATIONAL CORP.</font></b>
        <hr noshade size="1" width="600" align="center">
        <b><font size="5">
        </font></b><font size="5"><font size="2">(Exact name of registrant as specified in its charter)</font></font></td>
    </tr>
  </table>
  <P style="text-align: center;"><B></B>


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    <TABLE border=0 style="width:100%" cellspacing=0>

<TR>
     <TD width=33%></TD>
     <TD width=33%></TD>
     <TD width=33%></TD></TR>
<TR valign="bottom">
        <TD align=center style="border-bottom:1px solid #000000;" width="33%"> <B><FONT size=2>Delaware</FONT></B>

        </TD>
        <TD align=center style="border-bottom:1px solid #000000;" width="33%"> <B><FONT size=2>1-10026</FONT></B>

        </TD>
        <TD align=center style="border-bottom:1px solid #000000;" width="33%"> <B><FONT size=2>14-0462060</FONT></B>

        </TD>
      </TR>
<TR valign="bottom">
        <TD align=center width="33%"> <FONT size=2>(State or other jurisdiction</FONT></TD>
        <TD align=center width="33%"> <FONT size=2>(Commission</FONT></TD>
        <TD align=center width="33%"> <FONT size=2>(I.R.S. Employer</FONT></TD>
      </TR>
<TR valign="bottom">
        <TD align=center width="33%"> <FONT size=2>of incorporation)</FONT></TD>
        <TD align=center width="33%"> <FONT size=2>File Number)</FONT></TD>
        <TD align=center width="33%"> <FONT size=2>Identification No.)</FONT></TD>
      </TR> </TABLE> </DIV> <BR>
<DIV align="left">
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     <TD width=50%></TD>
     <TD width=50%></TD></TR>
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        <TD align=center style="border-bottom:1px solid #000000;" width="50%"> <B><FONT size=2>1373 Broadway, Albany, New York</FONT></B>

        </TD>
        <TD align=center style="border-bottom:1px solid #000000;" width="50%"> <B><FONT size=2>12204</FONT></B>

        </TD>
      </TR>
<TR valign="bottom">
        <TD align=center width="50%"> <FONT size=2>(Address of principal executive offices)</FONT></TD>
        <TD align=center width="50%"> <FONT size=2>(Zip Code)</FONT></TD>
      </TR> </TABLE> </DIV> <BR>
<P style="text-align: left;"> Registrant&#146;s telephone number, including area code (518) 445-2200 </P>
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    <tr align="center">
      <td><font size="2">None
</font>
<hr noshade size="1" width="600" align="center">
        <font size="2">(Former name or former address, if changed since last report.)</font></td>
    </tr>
  </table>
  <P style="text-align: center;" align="center">
 <br>
    </P>
<P style="text-align: left;"> Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>
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      <TD nowrap valign=top width="2%"> |_|&nbsp; &nbsp; &nbsp;       </TD>
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<P align="left">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
        </TD> </TR>
<TR>
      <TD nowrap valign=top width="2%"> |_|&nbsp; &nbsp; &nbsp;       </TD>
     <TD width="98%">
<P align="left">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
        </TD> </TR>
<TR>
      <TD nowrap valign=top width="2%"> |_|&nbsp; &nbsp; &nbsp;       </TD>
     <TD width="98%">
<P align="left">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
        </TD> </TR>
<TR>
      <TD nowrap valign=top width="2%"> |_|&nbsp; &nbsp; &nbsp;       </TD>
     <TD width="98%">
<P align="left">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))</P>
        </TD> </TR> </TABLE> </DIV>
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<P style="text-align: center;"> <B>TABLE OF CONTENTS</B></P>
<P style="text-align: left;"> <B>Item 2.05 COSTS ASSOCIATED WITH EXIT OR DISPOSAL ACTIVITIES.</B></P>
<P style="text-align: left;"> During 2008 and 2009, Albany International Corp. (the "Company&#148;) announced several restructuring-related actions that resulted in closure of facilities, employee termination costs, asset impairment, and other charges.
At the time of the announcements, the Company was unable to estimate the cost of such actions. Presented below, are the restructuring costs for each of the announcements.</P>
<P style="text-align: left;"> The Company issued a news release on November 20, 2008 announcing the intention of its subsidiary, W&#252;rttembergische Filztuchfabrik D. Geschmay GmbH (&#147;WFG&#148;) to consolidate manufacturing operations at its paper
machine clothing manufacturing operations in Goppingen, Germany. On July 1, 2009, the Company announced plans to further reduce manufacturing at that location. These actions resulted in restructuring costs of &#36;18.5 million in 2008 and &#36;18.7
million in 2009. The charges included non-cash write-downs of property, plant and equipment totaling &#36;13.5 million, and cash charges of &#36;23.7 million for other costs, principally employee severance and related costs. As of December 31, 2009,
&#36;1.9 million was unpaid.</P>
<P style="text-align: left;"> The Company issued a news release on January 15, 2009 announcing the intention of its subsidiary, Albany International Oy (&#147;AI Oy&#148;), to discontinue operations at its dryer fabric facility in Konala, Finland. This
action resulted in restructuring costs of &#36;6.6 million in 2009, including non-cash charges of &#36;1.5 million for the write-down of property, plant and equipment, and cash charges of &#36;5.1 million for other costs, principally employee severance
and related costs. All cash payments were made during 2009.</P>
<P style="text-align: left;"> The Company issued a news release on June 28, 2009 announcing plans to wind down the manufacturing operations of Albany International Pty. Ltd. in Gosford, Australia. This action resulted in restructuring costs of &#36;9.3
million in 2009, including non-cash charges of &#36;4.8 million for the write-down of property, plant and equipment, cash expenses of &#36;0.4 million related to pension plan settlements, and &#36;4.1 million for other costs, principally employee
severance and related costs. As of December 31, 2009, &#36;2.7 million was unpaid.</P>
<P style="text-align: left;"> In July 2009, the Company announced its intention to discontinue operations at its operations in Tumwater, Washington and Portland, Tennessee. These actions resulted in restructuring costs of &#36;0.6 million in 2009,
including non-cash charges of &#36;2.0 million for the write-down of property, plant and equipment, a non-cash reduction to expense of &#36;6.5 million for a benefit plan curtailment gain, and cash expenses of &#36;5.1 million for other costs,
principally employee severance and related costs. As of December 31, 2009, &#36;3.7 million was unpaid.</P>
<P style="text-align: left;"> In July 2009, the Company issued a news release announcing plans to reduce manufacturing capacity in Riberac, France. This action resulted in restructuring costs of &#36;7.5 million in 2009, including non-cash charges of
&#36;1.5 million for the write-down of property, plant and equipment, a non-cash reduction to expense of &#36;2.3 million for a benefit plan curtailment gain, and cash expenses of &#36;8.3 million for other costs, principally employee severance and
related costs. As of December 31, 2009, &#36;4.6 million was unpaid.</P>
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<P style="text-align: center;"> <B>Signature</B></P>
<P style="text-align: left;"> Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
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        <TD width=48% colspan=1>
          <P><B><font size="2">ALBANY INTERNATIONAL CORP.</font></B></P>
          <P><font size="2">By: <u>/s/ Michael K. Burke</u></font></P>
          <P><font size="2">Name: Michael K. Burke <br>
            </font><font size="2">Title: Senior Vice President and Chief Financial Officer <br>
            (Principal Financial Officer)</font></P>
          </TD> </TR> </TABLE> </DIV> <BR>
<P style="text-align: left;"> Date: February 12, 2010</P>
</DIV>
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