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:
- Consumer Goods:
- Post-it Notes
- Scotch Tapes
- Health Care Products:
- Medical and surgical supplies
- Dental and orthodontic products
- Health information systems
- Industrial Products:
- Abrasives
- Industrial adhesives and tapes
- Filtration products
- Safety and Graphics:
- Personal protective equipment (PPE)
- Reflective materials
- 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
- www.mmm.com
- 86-21-62096100-21602
Products
Tape, Abrasive, safety products, electrical product, adhesive, etc.
Shanghai China
38f, No.8, Xinyi Road
Shanghai SHA 200336
China
Shanghai SHA 200336
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Maritime News
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