3M

3M Company, originally known as Minnesota Mining and Manufacturing Company, is a diversified multinational conglomerate corporation. Here’s a comprehensive look at the company:


History and Background


Founding and Early Years:



  • Founded: 1902.

  • Founders: John Dwan, Hermon Cable, Henry Bryan, William McGonagle, and Dr. J. Danley Budd.

  • Original Purpose: It started as a mining venture aiming to mine corundum, but the venture was not successful.

  • The company shifted focus to different products and innovations, eventually finding success in manufacturing sandpaper and other abrasives.


Innovation and Product Range


Research and Development:



  • 3M is known for its strong emphasis on R&D, investing a significant portion of its revenue into the development of new products.

  • This commitment to innovation has led to a portfolio of over 60,000 products.


Product Categories:



  1. Consumer Goods:

    • Post-it Notes

    • Scotch Tapes



  2. Health Care Products:

    • Medical and surgical supplies

    • Dental and orthodontic products

    • Health information systems



  3. Industrial Products:

    • Abrasives

    • Industrial adhesives and tapes

    • Filtration products



  4. Safety and Graphics:

    • Personal protective equipment (PPE)

    • Reflective materials



  5. Electronics and Energy:

    • Electrical products

    • Electronic materials solutions

    • Renewable energy solutions like solar and wind energy products




Global Presence


Operations:



  • 3M operates in over 70 countries around the world with its products being sold in nearly 200 countries.

  • The company has manufacturing facilities, laboratories, and sales offices spread globally.


Employees:



  • Employs around 90,000 people worldwide.


Financials


Stock Market:



  • 3M is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol MMM.

  • It is often included in major market indices like the Dow Jones Industrial Average and the S&P 500.


Revenue and Market Value:



  • 3M consistently maintains a robust financial profile, with annual revenues often exceeding $30 billion.


Corporate Social Responsibility


Sustainability:



  • 3M actively engages in initiatives aimed at reducing environmental footprint.

  • The company sets and meets ambitious sustainability goals, focusing on energy efficiency, waste reduction, and renewable energy usage.


Recent Developments


COVID-19 Response:



  • 3M ramped up the production of N95 respirators and other PPE in response to the global demand during the COVID-19 pandemic.


Innovation:



  • Continues to introduce new products and technologies, particularly in the fields of healthcare and industrial solutions.


3M's extensive history of innovation, diverse product range, and global reach make it a significant and influential organization in various sectors. Its ongoing commitment to research and development keeps it at the forefront of technological advancements.


  • 86-21-22102506, 86-13501768495
  • 86-21-62096100-21602

Products

Tape, Abrasive, safety products, electrical product, adhesive, etc.

Shanghai China

38f, No.8, Xinyi Road
Shanghai SHA 200336
China

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