3M

3M Company
FormerlyMinnesota Mining and Manufacturing Company (1902–2002)
Company typePublic
ISINUS88579Y1010
IndustryConglomerate
FoundedJune 13, 1902 (1902-06-13) in Two Harbors, Minnesota, U.S.[1]
Founders
  • J. Danley Budd
  • Henry S. Bryan
  • William A. McGonagle
  • John Dwan
  • Hermon W. Cable
  • Charles Simmons [2]
Headquarters,
U.S.
Area served
Worldwide
Key people
Michael F. Roman (chairman, president, & CEO)[3]
RevenueIncrease US$32.68 billion (2023)
Decrease US$−9.13 billion (2023)
Decrease US$−6.99 billion (2023)
Total assetsIncrease US$50.58 billion (2023)
Total equityDecrease US$4.87 billion (2023)
Number of employees
c. 92,000 (2024)
Website3m.com
Footnotes / references
[4]

3M Company (originally the Minnesota Mining and Manufacturing Company) is an American multinational conglomerate operating in the fields of industry, worker safety, healthcare, and consumer goods.[5] The company produces over 60,000 products under several brands,[6] including adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection films, dental, orthodontic products, electrical, electronic connecting, insulating materials, medical products, car-care products,[7] electronic circuits, healthcare software, and optical films.[8] It is based in Maplewood, a suburb of Saint Paul, Minnesota.[9]

3M made $35.4 billion in total sales in 2021 and ranked number 102 in the Fortune 500 list of the largest United States corporations by total revenue.[10] As of 2021, the company had approximately 95,000 employees and operations in more than 70 countries.[11] There are a few international subsidiaries, such as 3M India, 3M Japan, and 3M Canada.[12]

In June 2023, 3M reached a settlement to pay more than $10 billion to US public water systems to resolve claims over the company's contamination of water with PFASs (so-called forever chemicals).[13]

  1. ^ "3M Birthplace Museum", Lake County Historical Society
  2. ^ "It all started with a rock". 3M Australia. June 11, 2021. Retrieved March 9, 2022.
  3. ^ "3M appoints Michael Roman as CEO; Inge Thulin will take new position as executive chairman of the board". CNBC. March 5, 2018.
  4. ^ "3M Company 2023 Annual Report". SEC.gov. U.S. Securities and Exchange Commission. February 8, 2024.
  5. ^ "3M Company Profile". Vault.com. Retrieved July 17, 2018.
  6. ^ Chamaria, Neha (October 24, 2018). "Why 3M Company Finds It Hard to Keep Up With Investor Expectations". The Motley Fool. Retrieved October 10, 2019.
  7. ^ "3M U.S.: Health Care". Solutions.3m.com. Retrieved March 29, 2012.
  8. ^ "Who We Are – 3M US Company Information". Solutions.3m.com. Archived from the original on September 13, 2008. Retrieved July 14, 2013.
  9. ^ "3M Center, Maplewood 55144 – Google Maps". Google Maps. Retrieved July 14, 2013.
  10. ^ "Fortune 500: 3M". Fortune. Retrieved September 20, 2022.
  11. ^ "3M Company 2021 Annual Report". SEC.gov. U.S. Securities and Exchange Commission. February 9, 2021.
  12. ^ "3M Company and Consolidated Subsidiaries (Parent and Subsidiaries) as of December 31, 2016". U.S. Securities and Exchange Commission.
  13. ^ "3M pays $10.3bn to settle water pollution suit over 'forever chemicals'". The Guardian. June 22, 2023. ISSN 0261-3077.

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