Albany Engineered Composites Inc (AEC), a subsidiary of Albany International Corp (NYSE: AIN), expects to start work on the new plant in 2012, and to begin initial production in 2014. At peak production, the plant will employ up to 300 people.

The plant will support the AEC's work with international aerospace and defence group Safran. AEC has been working with Safran since 2006 to develop and commercialise composite components for landing gear and jet engine applications, utilising AEC's 3-D weaving technology.

Albany International, an advanced textiles and materials processing company, has also announced that it is moving its corporate headquarters to Rochester, New Hampshire. It will maintain a presence in Menands, New York, with approximately 150 employees.

Albany International's goal is to develop AEC into a second core business by the end of the current decade. Employment at the AEC Rochester location has grown by 23% over the past year 2 years to reach 225, and is expected to increase to approximately 700 by the second half of the decade, making it the company’s largest manufacturing operation.