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Albany Engineered Composites Plans Expansion

22 October 2010

Albany Engineered Composites will be further expanding its operations in Rochester, New Hampshire, expecting to break ground on a new plant adjacent to its current Rochester operations in 2012 and to begin initial production in 2014.

The plant will support the Companys activities associated with Safrans aerospace programs. AEC has been working with Safran on an exclusive basis since 2006 to develop and commercialize advanced composite components for landing gear and future jet engine applications, utilizing AEC's unique 3-D weaving technology. At peak production, the plant will employ up to 300 people.

The company is also moving its corporate headquarters to Rochester, New Hampshire

Albanys President and CEO Joseph Morone commented, These two announcements reflect the growing importance of AEC, and its relationship with Safran group, to Albany Internationals future. It also reflects the strength of the partnership that we have forged with the City of Rochester and the State of New Hampshire. We are especially appreciative of the efforts of Governor John Lynch and his administration. The new jobs that our new plant will create are the direct result of his efforts on behalf of State of New Hampshire.

Governor John Lynch said, As Governor, my top priority is getting people back to work today and investing in our workers so New Hampshire can attract companies and compete for good jobs. This major announcement today is a direct result of our hard work. Albany could have chosen to locate this new facility elsewhere, but they recognized that we have a winning economic strategy in place here in New Hampshire. We worked intensively with the Company over the past two years to bring this new plant and hundreds of jobs to Rochester.

Rochester Mayor T.J. Jean said, ""Rochester is proud to be chosen as Albany's corporate headquarters and for their new facility and expanded workforce. We have supported their growth in the past and continue that commitment to advanced technology in manufacturing. We sincerely thank the State of New Hampshire, the Rochester Economic Development Team, and the leadership of the City Council for encouraging and supporting this opportunity.""






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