About the Company
The 3M Company, commonly known as 3M, is a multinational conglomerate corporation that provides products and services in the fields of US health care, worker safety, industrial and consumer goods. As of 2020, the company has over 96,100 employees working across more than 20 states in the United States. Some of these states are Connecticut, Alabama, Indiana, New Jersey, Wisconsin, Delaware, Nebraska, New York, Massachusetts, Illinois, Ohio, Texas, South Carolina, etc. Out of the United States, it has operations in about 70 countries, and it supplies its products to approximately 200 nations. The company provides its products to 11 industries such as automotive, safety, energy, consumer markets, manufacturing, electronics, and health care.
The company offers products under ten brands, namely, Nexcare, Post-it, Scotch, Filtrete, Futuro, Scotch-Brite, ACE, Scotch Painter’s Tape, and 3M Littmann. It provides over 60,000 products that include laminates, personal protective equipment, adhesives, window films, electronic and electronic connection and insulating materials, passive fire protection, paint protection film, dental and orthodontic products, and medical products. Some of these products are VHB tapes 5952, Coban Self-Adherent Wrap, Wrap film series 1080, Earloop procedure face mask, Micropore surgical tape, Tegaderm transparent film dressing, etc.
The company was incorporated as Minnesota Mining and Manufacturing Company in 1902 as a mining venture between five businessmen. Its primary goal was to mine corundum but the mineral it was mining was anorthosite. The company soon diverted to a different approach and started producing various types of products. By 1947, it began to produce PFOA (perfluorooctanoic acid) through electrochemical fluorination. 3M is also the first to produce asthma inhalers in the late 1950s, but it stayed out of the pharmaceutical industry until it acquired Piker Laboratories in the mid-1960s.
The company did not officially change its name to 3M Company until its 100th anniversary on 8th April 2002. Since then, it has acquired several significant companies such as Meguiar’s in 2008, Cogent Systems and Arizant, Inc. in 2010, Winterthur Technology Group in 2011, and M*Modal’s technology business in 2018. As of 2020, it is a component in the Dow Jones Industrial Average, S&P 100, and S&P 500 indices. It trades in the New York Stock Exchange under the ticker symbol MMM stock. The company ranks 103rd in the Fortune 500 and 389th in the Fortune Global 500 lists. Forbes also enlisted it in eight of its lists in 2020 such as Global 2000, Best Employers for Women, Best Employers for Veterans, and Best Employers for Diversity. In 2021 it ranked 90th in Forbes’ Just Companies list.;
|Industry||Specialty Industrial Machinery|
|HeadQuarters||St. Paul, MN|