Albany, New York, USA, 11 August 2006 -- /PRNewswire/ -- The board of directors of Albany International Corp. (NYSE: AIN; PCX, FWB) today declared a quarterly dividend of USD 0.10 per share on the Class A and Class B Common Stock, payable on 06 October 2006, to shareholders of record on 08 September 2006.

The company also announced that the board of directors has authorized the purchase of up to 2 million additional shares of its Class A Common Stock. The board's action authorizes management to purchase shares from time to time, in the open market or otherwise, whenever it believes the available price makes such purchases advantageous to the company's shareholders.

Albany International is the world's largest producer of custom-designed paper machine fabrics and process belts that are essential to the manufacture of paper and paperboard. In its family of businesses, Albany applies its core competencies in advanced textiles and materials to other industries. Founded in 1895, the company is headquartered in Albany, New York, and employs approximately 5800 people worldwide. The company's plants are strategically located to serve its global customers. Additional information about the company and its businesses and products is available at http://www.albint.com/.

Source: Albany International Corp.