819793--3/2/2006--ALBANY_INTERNATIONAL_CORP

related topics

{cost, contract, operation}

{capital, credit, financial}

{condition, economic, financial}

{financial, litigation, operation}

{operation, international, foreign}

{customer, product, revenue}

{product, market, service}

{acquisition, growth, future}

{personnel, key, retain}

{debt, indebtedness, cash}

{tax, income, asset}

{cost, regulation, environmental}

Risks relating to the Company s business and industry Failure to remain competitive in the industry in which the Company s Paper Machine Clothing segment does business could adversely affect the Company s business, financial condition and results of operations Consolidation in the industry in which the Company s Paper Machine Clothing segment does business has changed the nature of competition in that segment, which could have a negative effect on the Company s net sales and cash flows from operations The Company may significantly increase capital expenditures and other expenses in future periods to support growth, and may not receive the benefit of any return on the Company s investments The Company may conduct a greater part of the Company s operations in emerging markets in the future, which could involve many uncertainties for the Company in addition to the general risks the Company face doing business in those markets The Company may incur substantially more debt, which could restrict the Company s ability to pay dividends or make other distributions, among other restrictions The loss of a few major customers could have a material adverse effect on the Company s business, financial condition and results of operations There can be no assurance that the growth in sales in the Applied Technologies segment will be continued Sales in the Company s Albany Door Systems segment depend on capital expenditures of its customers The Company may experience supply constraints due to the Company s reliance on a limited number of suppliers The Company is exposed to the risk of increased costs because of higher petroleum and energy prices Fluctuations in currency exchange rates could adversely affect the Company s business, financial condition and results of operations If the Company acquires other businesses, the Company may not be able successfully to integrate them into the Company s operations and/or the expected benefits of such acquisitions may not be realized The Company has been named as defendant in suits relating to the actual or alleged exposure to asbestos-containing products Legislation recently under consideration in the U.S. Senate regarding asbestos litigation could have a material adverse effect on the Company s financial condition and results of operations Conditions in the paper industry, in the Company s industry, or in the economy in general may require the Company to reorganize its operations, which could require significant charges and could pose risks to the Company s operations Failure to retain and recruit qualified technical personnel may hinder the Company s growth Cyclicality in the paper industry causes price competition in that industry, which could have a negative impact on demand for the Company s products There are a number of factors inhibiting growth in the industry in which the Company s Paper Machine Clothing segment competes A fundamental change in the papermaking process could reduce demand for paper machine clothing A substantial portion of the Company s assets includes goodwill and impairment in the value of the Company s goodwill could adversely affect the Company s assets and net income Changes in assumptions used to estimate the Company s pension and postretirement benefit costs and liabilities could adversely affect the Company s liabilities and net income

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819793--3/2/2006--ALBANY_INTERNATIONAL_CORP_/DE/