Item 2.05. Costs Associated with Exit or Disposal Activities.

Albany International Corp. (the "Company") issued a news release on January 15, 2009 announcing the intention of its subsidiary, Albany International Oy ("AI Oy"), to discontinue operations at its dryer fabric facility in Konala, Finland.

This action is subject to local law, as well as to consultation with employee works councils. The action could affect up to 133 employees.

Works council discussions are expected to begin shortly. Until they are concluded, the Company is unable reasonably to estimate the costs that it would expect to incur in connection with this intended action. The Company will disclose the amount, type and timing of any such costs promptly after they are determined.