3M

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American multinational conglomerate corporation

3M Company

Type	Public
Traded as	NYSE: MMM
Key people	Mike Roman (Chairman, President, and CEO)
Industry	Conglomerate
Products	Adhesives, Abrasives, Laminates, Passive fire protection, Personal protective equipment, Window films, Paint protection films, Dental and orthodontic products, Electronic materials, Medical products, Car-care products
Revenue	$32.18 billion (2020)
Operating income	$7.16 billion (2020)
Net income	$5.38 billion (2020)
Assets	$47.32 billion (2020)
Equity	$14.83 billion (2020)
Employees	95,000 (2020)
Website	[www.3m.com Official website]

3M Company, formerly known as Minnesota Mining and Manufacturing Company, is an American multinational conglomerate corporation operating in the fields of industry, worker safety, health care, and consumer goods. The company produces over 60,000 products under several brands, including adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection films, dental and orthodontic products, electronic materials, medical products, and car-care products.

History

3M was founded in Two Harbors, Minnesota, in 1902 by five businessmen: Henry S. Bryan, William A. McGonagle, John Dwan, Hermon Cable, and Dr. J. Danley Budd. Initially, the company focused on mining a mineral deposit for grinding-wheel abrasives. However, the venture failed, and the company shifted its focus to producing sandpaper products.

In 1910, 3M moved to Duluth, Minnesota, and in 1916, it paid its first dividend of 6 cents per share. The company continued to grow and innovate, developing products such as Scotch Tape and Post-it Notes.

Products and Innovations

3M is known for its innovation and has produced a wide range of products across various industries. Some of its notable products include:

• Scotch Tape
• Post-it Notes
• N95 respirator
• Scotchgard
• Thinsulate
• Command strips

Research and Development

3M invests significantly in research and development (R&D), with a focus on creating new products and improving existing ones. The company operates R&D facilities worldwide and employs thousands of scientists and researchers.

Corporate Structure

3M is headquartered in Maplewood, Minnesota, a suburb of Saint Paul. The company operates through four business groups:

• Safety and Industrial
• Transportation and Electronics
• Health Care
• Consumer

Environmental and Social Responsibility

3M has made commitments to sustainability and environmental stewardship. The company has implemented various initiatives to reduce its environmental footprint, including waste reduction, energy efficiency, and sustainable product development.

See Also

• Scotch Tape
• Post-it Notes
• N95 respirator
• Scotchgard
• Thinsulate
• Command strips
• List of companies of the United States