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3M

3M
3M Company

distributors and retailers in more than 200 countries, and many 3M products are available online directly from the company.

History
Type Founded Founder(s) Public (NYSE: MMM) Two Harbors, MN, USA (1902) Henry S. Bryan Hermon W. Cable John Dwan William A. McGonagle Dr. J. Danley Budd Maplewood, MN, USA Worldwide George W. Buckley (CEO)
(Chairman) & (President)

Headquarters Area served Key people Industry Products

Conglomerate Adhesives Abrasives List of products ▲ $ 25.269 billion (2008) [2] ▲ $ 5.218 billion (2008) ▲ $ 3.460 billion (2008) [3] ▲ $ 25.547 billion (2008) ▲ $ 9.879 billion (2008) 79,183 - March 2009 3M.com

Revenue Operating income Net income Total assets Total equity Employees Website

3M Company (NYSE: MMM) (Minnesota Mining and Manufacturing Company), is an American multinational conglomerate corporation with a worldwide presence. With over 75,000 employees they produce thousands of products, including: adhesives, abrasives, laminates, passive fire protection, dental products, electrical materials, electronic circuits and optical films.[1] 3M has operations in more than 60 countries – 29 international companies with manufacturing operations, and 35 with laboratories. 3M products are available for purchase through

3M started out on the North Shore of Lake Superior at Two Harbors, Minnesota in 1902. The company then moved to Duluth, Minnesota, and then again to Saint Paul, Minnesota. 3M stayed for 15 years before outgrowing the campus and moving to its current headquarters in Maplewood (a St. Paul suburb), where it is based today. The new campus in Maplewood is 475 acres (1.92 km2) and has over 50 buildings, including an ’innovation center’ that displays products 3M has brought to market. The company began by mining stone from quarries for use in grinding wheels. Struggling with quality and marketing of its products, top management supported its workers to innovate and develop new products, which eventually developed into its core business. Twelve years after being founded, 3M developed its first exclusive product: 3M ThreeM-ite cloth. Other innovations in this era included waterproof sandpaper and masking tape, then the famous Scotch brand tape was “born.” By 1929 3M made its first moves in to an international expansion by forming “Durex” to conduct business in Europe. This same year, the company’s stocks were first traded over the counter and in 1946 the stocks were listed on the New York Stock Exchange (NYSE). The company is currently a component of the Dow Jones Industrial Average and of the S&P 500.

Founding
3M was founded by Henry S. Bryan, Herman W. Cable, John Dwan, William A. McGonagle, and Dr. J. Danley Budd. The founders’ original plan was to sell the mineral corundum to manufacturers in the East for making grinding wheels. After selling one load, on June 13, 1902 the five went to the Two Harbors office of company secretary John Dwan, which was on the shore of Lake Superior and is now

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part of the 3M National Museum, and signed papers making Minnesota Mining and Manufacturing a corporation. In reality, however, Dwan and his associates were not selling what they thought; they were really selling the worthless mineral anorthosite.[2] Failing to make sandpaper with the anorthosite, the founders decided to import minerals like Spanish garnet, after which sale of sandpapers grew. In 1914, customers complained that the garnet was falling off the paper. The founders discovered that the stones had traveled across the Atlantic Ocean packed near olive oil, and the oil had penetrated the stones. Unable to take the loss of selling expensive inventory, they roasted the stones over fire to remove the olive oil. This was the first instance of research and development at 3M. In 1916 company general manager William L. McKnight applied the same scientific methods to production that he had used to save the company from bankruptcy, and bought the company’s first lab for $500.

3M
and sports simulations to word and abstract strategy games. They were a major publisher at the time for influential American designers Sid Sackson and Alex Randolph. In the mid-1970s, the game line was taken over by Avalon Hill.

3M traffic signals installed in Shelton, Washington. Standing off-axis from the intended viewing area, these signals are invisible to adjacent lanes of traffic in daylight. (A faint glow is visible at night)

Expansion
The company’s early innovations include waterproof sandpaper (1921) and masking tape (1925), as well as cellophane "Scotch Tape" and sound deadening materials for cars. 3M’s corporate image is built on its innovative and unique products, with up to 25% of sales each year from new products. After World War II 3M opened plants across the United States. During the 1950s the company expanded worldwide with operations in Canada, Mexico, France, Germany, Australia, and the United Kingdom in large part by Clarence Sampair. In 1951, international sales were approximately $20 million. 3M’s achievements were recognized by the American Institute of Management naming the company “one of the five best-managed companies in the United States and included it among the top 12 growth stocks (3M).”[3] In the late 1960s and early 1970s, 3M published a line of board games, largely under the "3M bookshelf game series" brand. These games were marketed to adults and sold through department stores, with easily learned simple rules but complex game play and depth and with uniformly high quality components. As such, they are the ancestors of the German "Eurogames". The games covered a variety of topics, from business

The same two signals above, taken in the signal’s intended viewing area (a single lane of northbound traffic). Special light-diffusing optics and a colored fresnel lens create the indication. After three years of testing, in 1969 3M introduced its first and only traffic signal, the Model 131. Labeled a "programmable visibility" signal, the signal had the unique ability to be "programmed" so it was visible from certain angles. The Model 131’s "programmability" was achieved via masking a clear glass lens with aluminum adhesive tape. [4][5] It was the first of its type and one of only two of the design in history. 3M sold these signals for special-use applications, such as left turn signals, skewed

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intersections, or dangerous intersections where a very bright indication is needed. The signals are very heavy (roughly 55 pounds per signal head) and expensive to maintain, and removal is frequent in some areas. In addition to the 3M Model 131 traffic signal, 3M also marketed and sold a retrofit kit for 12-inch (300 mm) conventional signals using modified M-131 optics, a retrofit kit for eightinch (203 mm) conventional signals using a smaller version of the M-131 optical assembly, a Model 130 Programmable Visibility pedestrian signal (a M-131 with pedestrian signal indications), and a few bi-modal modifications of the M-131. As of 2007, 3M no longer manufactures the signals but has continued to supply parts. 3M’s Mincom division introduced several models of magnetic tape recorders for instrumentation use and for studio sound recording. An example of the latter is the model M79 recorder [6], which still has a following today. 3M Mincom was also involved in designing and manufacturing video production equipment for the television and video post-production industries in the 1970s and 1980s, with such items as character generators and several different models of video switchers, from models of audio and video routers to video mixers for studio production work. 3M Mincom was involved in some of the first digital audio recordings of the late 1970s to see commercial release when a prototype machine was brought to the Sound 80 studios in Minneapolis. After drawing on the experience of that prototype recorder, 3M later introduced in 1979 a commercially available digital audio recording system called the "3M Digital Audio Mastering System" [7], which consisted of a 32-track digital audio tape recorder and a companion 4-track digital recorder for final mastering. 3M later designed and manufactured several other commercially available models of digital audio recorders used throughout the early to mid-1980s. In 1980 the company introduced Post-it notes. In 1996, the company’s data storage and imaging divisions were spun off as the Imation Corporation. Imation has since sold its imaging and photographic film businesses to concentrate on storage. Today 3M is one of the 30 companies included in the Dow Jones Industrial Average (added on August 9, 1976), and is ranked

3M
number 101 on the As of 2006 Fortune 500 listing. The company has 132 plants and over 67,000 employees worldwide, with sales offices in over 200 countries. The vast majority of the company’s employees are local nationals, with few employees residing outside their home country. Its worldwide sales are over $20 billion, with international sales 58% of that total. On December 20, 2005, 3M announced a major partnership with Roush-Fenway Racing, one of NASCAR’s premier organizations. In 2008 the company will sponsor Greg Biffle in the NASCAR Sprint Cup Series as he drives the #16 Ford Fusion. In addition, on February 19, 2006, 3M announced that it would become the title sponsor of the 3M Performance 400 at Michigan International Speedway for at least the next three years. On April 4, 2006, 3M announced its intention to sell pharmaceutical non-core business. The pharmaceuticals businesses were sold off in three deals, in Europe, the Americas, and the remainder of the world. Another division of the Health Care business, Drug Delivery Systems remains with 3M. The Drug Delivery System division continues to contract manufacture inhalants and transdermal drug delivery systems and has now taken on manufacture of the products whose licenses were sold during the divestiture of the pharmaceuticals business.[4] On September 8], 2008, 3M announced an agreement to acquire Meguiar’s, a car care products company that was family-owned for over a century.[5] Today, after 100 years, 3M follows a business model based on “the ability to not only develop unique products, but also to manufacture them efficiently and consistently around the world (3M).”[6]

Environmental record
In 1999, the U.S. Environmental Protection Agency‎ (EPA) began investigating perfluorinated chemicals (PFCs) after receiving data on the global distribution and toxicity of PFOS,[8] the former key ingredient in Scotchgard.[9] For these reasons, 3M, the former primary American producer of PFOS, announced in May 2000, the phaseout of the production of PFOS, PFOA, and PFOS-related products.[10] The PFCs that were produced were related to non-stick cookware, stain resistant fabrics, and other similar products.[11]

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3M
pounds of air pollutants every year.[16] The Cottage Grove site represents 3M’s third highest pollutant producing facility, releasing 244,715 lb (111,001 kg). of pollution into the air yearly.[17] In 2008, it has created the 3M Renewable Energy Division within 3M’s Industrial and Transportation Business and will focus on Energy Generation and Energy Management [18][19] .

Operating facilities
3M’s general offices, corporate research laboratories, and certain division laboratories are located in St. Paul, Minnesota. In the United States, 3M has nine sales offices in eight states and operates 74 manufacturing facilities in 27 states. Internationally, 3M has 148 sales offices. The Company operates 93 manufacturing and converting facilities in 32 countries outside the United States.[20] 3M owns substantially all of its physical properties. 3M’s physical facilities are highly suitable for the purposes for which they were designed. Because 3M is a global enterprise characterized by substantial intersegment cooperation, properties are often used by multiple business segments.[21] Selected factory detail information: • Cynthiana, Kentucky, USA factory producing 650 - 700 trailers of Post-It notes (672 SKU) and scotch tape (147 SKU). It has 539 employees and was established in 1969.[22] It still accounts for nearly all of the world’s production. • Newton Aycliffe, County Durham, UK factory producing respirators for workers safety, using laser technology. It has 370 employees and recently there was an investment of £4,5 million ($9 million).[23][24]

The Target Light System, built by 3M.[7] The PFCs were also released into the immediate environment surrounding the Cottage Grove facility starting in the 1940s and lasting until 2002.[12] In response to PFC contamination of the Mississippi River and surrounding area, 3M states that the area will be "cleaned though a combination of groundwater pumpout wells and soil sediment excavation."[11] The plan for the restoration of the area includes a complete analysis of the entire company property and surrounding lands.[13] The on-site water treatment facility that handles the plant’s post-production water is not capable of removing the PFCs, which were pumped into the nearby Mississippi River.[12] Estimates on the total cost of the clean-up to be incurred by 3M range from 50-56 million dollars, which will come out of the $147 million pot the company set aside in 2006 to deal with environmental issues relating to the company.[14] The search area for PFCs in the Mississippi River now extends to five states, spanning approximately half of the river’s total distance.[15] Perfluorochemicals do not break down or degrade in the environment.[11] In 2002 3M rated as number 70 out of the United States 100 top air polluters on the PERI Toxic 100 list, producing 4.75 million

Products
• 3M High Visibility Signals: a line of traffic signal devices, with the flagship being the Model 131 12" vehicle signal head. Produced from 1969-2007 • ACCR • Aearo • Bondo • Chrome & Metal Polish • Clarity • Coban • Command Adhesive

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• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • CUNO filtration solutions Dual Lock Dobie Dynatel FastBond Adhesives Filtrete Hookit sandpaper Littmann Stethoscopes Nexcare O-Cel-O Post-it note SandBlaster Scotch Tape Scotch Magic Tape Scientific Anglers Scotch-Brand Masking Tape Scotch-Brite Scotchcal Film Scotchgard Scotchlite Scotchprint Graphics Scotch-Weld Adhesives Stikit sandpaper Tartan Tegaderm Thinsulate Velostat[25] VHB Vikuiti Wetordry sandpaper Microtouch Touch Screens

3M
• Brad T. Sauer – Executive Vice President, Health Care Business • H.C. Shin – Executive Vice President, Industrial and Transportation Business • Marschall I. Smith – Senior Vice President, Legal Affairs and General Counsel • Inge G. Thulin – Executive Vice President, International Operations • John K. Woodworth – Senior Vice President, Corporate Supply Chain Operations

Presidents
1902–1905 Henry S. Bryan 1905–1906 Edgar B. Ober 1906–1909 Lucius P. Ordway 1909–1929 Edgar B. Ober 1929–1949 William L. McKnight 1949–1953 Richard P. Carlton 1953–1963 Herbert P. Buetow 1963–1966 Bert S. Cross

Chief executive officers
1966–1970 1970–1974 1974–1979 1979–1986 1986–1991 1991–2001 2001–2005 2005 Bert S. Cross Harry Heltzer Raymond H. Herzog Lewis W. Lehr Allen F. Jacobson L.D. DeSimone W. James McNerney, Jr. Robert S. Morrison (interim)

Corporate governance
Current officers
• George W. – Chairman, President and Chief Executive Officer • Patrick D. Campbell – Senior Vice President and Chief Financial Officer • Joe E. Harlan – Executive Vice President, Electro and Communications Business • Michael A. Kelly – Executive Vice President, Display and Graphics Business • Angela S. Lalor – Senior Vice President, Human Resources • Jean Lobey – Executive Vice President, Safety, Security and Protection Services Business • Robert D. MacDonald – Senior Vice President, Marketing and Sales • Moe S. Nozari – Executive Vice President, Consumer and Office Business • Frederick J. Palensky – Executive Vice President, Research and Development and Chief Technology Officer Buckley[26]

2005–present George W. Buckley

Chairmen of the board
1949–1966 1966–1970 1970–1975 1975–1980 1980–1986 1986–1991 1991–2001 2001–2005 William L. McKnight Bert S. Cross Harry Heltzer Raymond H. Herzog Lewis W. Lehr Allen F. Jacobson L.D. DeSimone W. James McNerney, Jr.

2005–present George W. Buckley

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3M

Trivia

[12] ^ Perfluorochemials and the 3M Cottage Grove Facility: Minnesota Dept. Of In the United Kingdom Yellow Pages, 3M was Health one party to campaign to change the listing [13] Health Consultation: 3M Chemolite: "Boring: See civil engineers".[27] Perfluorochemicals Releases at the 3M 3M made the first footprint on the moon Cottage Grove Facility Minnesota Dept. (since their logo was imprinted on the bottom of Health, Jan. 2005 of the spacemen’s boots).[28][29] [14] 3M submits plans to Minnesota for cleaning up PFCs in the east metro [15] MPR: Search for PFC contamination in Mississippi River expands • Endothermic [16] PERI - Political Economy Research • Fireproofing Institute: Toxic 100 Table • Firestop pillow [17] Toxic 100 Detailed Company Report • Firestop [18] http://solutions.3m.com/wps/portal/3M/ • Intumescent en_US/global/sustainability/ • Passive fire protection [19] http://www.renewableenergyworld.com/ • Sodium silicate rea/news/article/2009/02/3m-forms• Sterilization (microbiology) renewable-energy-division-54663 [20] 3M Company SEC Form 10K - Annual Report - filed 2/15/2008 [21] http://yahoo.brand.edgar-online.com/ [1] http://solutions.3m.com/wps/portal/3M/ displayfilinginfo.aspx?FilingID=5739314-51571-5230 en_US/our/company/information/about3M Company SEC Form 10K - Annual us/ 3m.com - Who We Are Report - filed 2/15/2008 [2] MPR: 3M at 100 - on the right path for [22] solutions.3m.com growth? [23] thenorthernecho.co.uk [3] solutions.3m.com [24] thenorthernecho.co.uk [4] 3M (2006-04-04). 3M to Explore [25] [1] Strategic Alternatives for its Branded [26] CEO and Corporate Officers Pharmaceuticals Business. Press release. [27] UK Civil Engineers - Quotes, http://home.businesswire.com/portal/site/ ukcivilengineering.co.uk, 3m/index.jsp?epihttp://www.ukcivilengineering.co.uk/ content=GENERIC&newsId=20060404005553&ndmHsc=v2*A1133442000000*B1146123539000*C4 quotes.htm, retrieved on 2009-05-04 Retrieved on 2006-04-24. [28] Did you know?, 3M, [5] Meguiar’s Online - NEWS RELEASE - 3M http://solutions.3mindia.co.in/wps/portal/ to Acquire Meguiar’s, Inc. 3M/en_IN/3MCareers/Home/Segment/ [6] solutions.3m.com Two/, retrieved on 2009-05-04 [7] Target Lights create evolving [29] Apollo 11 -- First Footprint on the Moon, Minneapolis landmark, Minneapolis/St. NASA, 7 August 2004, Paul Business Journal , April 11, 2003. http://www.nasa.gov/audience/ [8] Aziz Ullah. "The Fluorochemical forstudents/k-4/home/F_Apollo_11.html, Dilemma: What the PFOS/PFOA fuss is retrieved on 2009-05-04 all about" Cleaning & Restoration. www.ascr.org, (October 2006). Accessed October 25, 2008. [9] Kellyn S. Betts "Perfluoroalkyl Acids: • 3M Worldwide What Is the Evidence Telling Us?" • Yahoo! - 3M Company Profile Environmental Health Perspectives • Google Local’s satellite image of 3M head Volume 115, Number 5, May 2007. office campus Accessed October 18, 2008. • 3M Global Company Profile from [10] 3M: "PFOS-PFOA Information: What is Transnationale.org 3M Doing?" Accessed October 25, 2008. [11] ^ Cleaning up river site may cost 3M $18 million

See also

References

External links

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3M

Additional Resources
• The historical records of the 3M Company are available for research use at the Minnesota Historical Society.

Retrieved from "http://en.wikipedia.org/wiki/3M" Categories: Companies listed on the New York Stock Exchange, Dow Jones Industrial Average, Companies based in Minnesota, Companies established in 1902, Manufacturing companies of the United States, Multinational companies, 3M brands, Nanotechnology companies, Telecommunications equipment vendors, Renewable energy technology This page was last modified on 18 May 2009, at 02:40 (UTC). All text is available under the terms of the GNU Free Documentation License. (See Copyrights for details.) Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc., a U.S. registered 501(c)(3) taxdeductible nonprofit charity. Privacy policy About Wikipedia Disclaimers

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