3M

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For other uses, see 3M (disambiguation).
3M Company

Public (NYSE: MMM)

Type Dow Jones Industrial Average Component
S&P 500 Component
Industry Conglomerate
Founded Two Harbors, Minnesota, U.S. (1902)
Henry S. Bryan
Hermon W. Cable
Founder(s) John Dwan
William A. McGonagle
Dr. J. Danley Budd
Headquarters Maplewood, Minnesota, U.S.[1]
Area served Global
George W. Buckley (Chairman, CEO, and
President)[2]
Patrick D. Campbell (Executive Vice
Key people President and CFO)[2]
Frederick J. Palensky (Executive Vice
President, Research and Development and
CTO)[2][3]
Adhesives
Products Abrasives
List of products
Revenue ▲ US$23.1 Billion (FY 2009)[4]
Operating ▲ US$4.85 Billion (FY 2009)[4]
income
Net income ▲ US$3.19 Billion (FY 2009)[4]
Total assets ▲ US$27.2 Billion (FY 2009)[5]
Total equity ▲ US$12.8 Billion (FY 2009)[5]
Website 3M.com
3M Company (NYSE: MMM), formerly known as the Minnesota Mining and Manufacturing
Company, is an American multinational conglomerate corporation based in Maplewood,
Minnesota, a suburb of St. Paul.
With over 76,000 employees, they produce over 55,000 products, including: adhesives,
abrasives, laminates, passive fire protection, dental products, electronic materials, electronic
circuits and optical films.[6] 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 distributors and retailers in more than 200 countries, and many 3M
products are available online directly from the company.

Contents
[hide]
• 1 History
○ 1.1 Founding
○ 1.2 Expansion
• 2 Environmental record
• 3 Operating facilities
• 4 Products
• 5 Corporate governance
○ 5.1 Current officers
○ 5.2 Presidents
○ 5.3 Chief executive officers
○ 5.4 Chairmen of the board
• 6 See also
• 7 References
• 8 External links
• 9 Additional Resources

[edit] History
This article may contain original research. Please improve it by verifying the claims
made and adding references. Statements consisting only of original research may be
removed. More details may be available on the talk page. (May 2010)
3M started out on the North Shore of Lake Superior in Illgen City before moving to Two
Harbors, Minnesota in 1902. The company moved to Duluth, Minnesota, and then to Saint Paul,
Minnesota, staying for 15 years before outgrowing the campus and moving to its current
headquarters at 3M Centre in Maplewood. 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
taken to market. The company began by mining stone from quarries for use in grinding wheels.
Struggling with quality and marketing of its products, management supported its workers to
innovate and develop new products which developed into its core business. Twelve years after
being founded, 3M developed its first exclusive product: Three-M-ite cloth. Other innovations in
this era included masking tape, waterproof sandpaper and Scotch brand tapes. By 1929 3M made
its first moves toward international expansion by forming Durex to conduct business in Europe.
The same year, the company’s stock was first traded over the counter and in 1946 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.
[edit] Founding
This section needs additional citations for verification.
Please help improve this article by adding reliable references. Unsourced material may be challenged and
removed. (May 2009)

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 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.[7]
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.
[edit] 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.[citation needed]
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).[8]
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 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)

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. [2][3] 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 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 eight-inch (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 [4],
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" [5], 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 number 101 on the As of 2006[update] 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.[9] 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.[10]
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)."[11]
[edit] Environmental record
The Target Light System, built by 3M at Target headquarters in Minneapolis.[12]
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,[13] the
former key ingredient in Scotchgard.[14] 3M, the former primary American producer of PFOS,
announced the phase-out of PFOS, PFOA, and PFOS-related product production in May 2000.[15]
PFCs produced by 3M were used in non-stick cookware and stain resistant fabrics.[16] The
Cottage Grove facility released PFCs from the 1940s to 2002.[17] In response to PFC
contamination of the Mississippi River and surrounding area, 3M states the area will be "cleaned
though a combination of groundwater pump-out wells and soil sediment excavation."[16] The
restoration plan is to be based on an analysis of the company property and surrounding lands.[18]
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.[17] The clean-up
cost estimate is $50–56 million, which will be funded from a $147 million environmental reserve
set aside in 2006.[19] The search area for PFCs in the Mississippi River now extends to five states,
spanning approximately half of the river's total distance.[20] Perfluorochemicals do not break
down or degrade in the environment.[16]
In 2002, 3M ranked 70th on the Political Economy Research Institute's (PERI) list of the top 100
corporations emitting airborne pollutants in the United States.[21] In March 2010, PERI ranked
3M at 98th place on the list.[22]
In 2008, 3M created the Renewable Energy Division within 3M’s Industrial and Transportation
Business to focus on Energy Generation and Energy Management.[23][24]
[edit] 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.[25]
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.
[26]

Selected factory detail information:

• Cynthiana, Kentucky, USA factory producing Post-It notes (672 SKU) and scotch tape
(147 SKU). It has 539 employees and was established in 1969.[27]
• 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).[28][29]
[edit] 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
• Avagard Hygiene Range
• Bondo
• Cavilon
• Chrome & Metal Polish
• Clarity
• Coban
• Command Adhesive
• Comply Steam Indicators
• 3M Purification
• DI-NOC
• Dual Lock
• Durapore
• Dobie
• Dynatel
• FastBond Adhesives
• Filtrete
• Fluorinert
• Hookit sandpaper
• Littmann Stethoscopes
• Littmann Model 3200 Electronic Stethoscope with Zargis Cardioscan
 • Medipore
• Micropore Hypoallergenic Skin Tape
• Microfoam
• Nexcare
• O-Cel-O
• Post-it note
• Reddot ECK Electrodes
• Reston
• SandBlaster
• Scotch Tape
• Scotch Magic Tape
• Scientific Anglers
• Scotch-Brand Masking Tape
• Scotch-Brite
• Scotchcal Film
• Scotchgard
• Scotchlite
• Scotchcast Fibreglass casting
• Scotchprint Graphics
• Scotch-Weld Adhesives
• Steridrape
• Steristrip
• Stikit sandpaper
• Super 77 Classic Spray Adhesive
• Tartan
• Tegaderm
• Thinsulate
• Velostat[30]
• VHB
• Vikuiti
• Wetordry sandpaper
• Microtouch Touch Screens
[edit] Corporate governance
[edit] Current officers
• George W. Buckley[31]– Chairman, President and Chief Executive Officer
 • Patrick D. Campbell– Senior Vice President and Chief Financial Officer
• Joaquin Delgado – 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
• Joe E. Harlan– Executive Vice President, Consumer and Office Business
• Frederick J. Palensky– Executive Vice President, Research and Development and Chief
Technology Officer
• 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
[edit] 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
2005–present George W. Buckley
[edit] Chief executive officers
1966–1970 Bert S. Cross
1970–1974 Harry Heltzer
1974–1979 Raymond H. Herzog
1979–1986 Lewis W. Lehr
1986–1991 Allen F. Jacobson
1991–2001 L.D. DeSimone
2001–2005 W. James McNerney, Jr.
2005 Robert S. Morrison (interim)
2005–present George W. Buckley
[edit] Chairmen of the board
1949–1966 William L. McKnight
1966–1970 Bert S. Cross
1970–1975 Harry Heltzer
1975–1980 Raymond H. Herzog
1980–1986 Lewis W. Lehr
1986–1991 Allen F. Jacobson
1991–2001 L.D. DeSimone
2001–2005 W. James McNerney, Jr.
2005–present George W. Buckley

[edit] See also

• Endothermic
• Fireproofing
• Firestop pillow
• Firestop
• Intumescent
• Passive fire protection
• Sodium silicate
• Sterilization (microbiology)
[edit] References
1. ^ http://solutions.3m.com/wps/portal/3M/en_US/about-3M/information/more-
info/locations/
2. ^ a b c 3M (2008). "3M Worldwide - Investor Relations - CEO and Corporate Officers".
http://phx.corporate-ir.net/phoenix.zhtml?c=80574&p=irol-govmanage. Retrieved 2010-
05-04.
3. ^ "Executive Compensation at 3M". http://www.neumann-
compensation.com/managers/company/3m-company/. Retrieved 13 Jul. 2010.
4. ^ a b c 3M Company (MMM) annual SEC income statement filing via Wikinvest
5. ^ a b 3M Company (MMM) annual SEC balance sheet filing via Wikinvest
6. ^ http://solutions.3m.com/wps/portal/3M/en_US/our/company/information/about-us/
3m.com - Who We Are
7. ^ MPR: 3M at 100 - on the right path for growth?
8. ^ solutions.3m.com
9. ^ 3M (2006-04-04). "3M to Explore Strategic Alternatives for its Branded
Pharmaceuticals Business". Press release.
http://www.businesswire.com/news/home/20060404005553/en. Retrieved 2006-04-24.
10. ^ Meguiar's Online - NEWS RELEASE - 3M to Acquire Meguiar's, Inc.
11. ^ solutions.3m.com
12. ^ Target Lights create evolving Minneapolis landmark, Minneapolis/St. Paul Business
Journal , April 11, 2003.
13. ^ Aziz Ullah. "The Fluorochemical Dilemma: What the PFOS/PFOA fuss is all about"
Cleaning & Restoration. www.ascr.org, (October 2006). Accessed October 25, 2008.
 14. ^ Kellyn S. Betts "Perfluoroalkyl Acids: What Is the Evidence Telling Us?"
Environmental Health Perspectives Volume 115, Number 5, May 2007. Accessed
October 18, 2008.
15. ^ 3M: "PFOS-PFOA Information: What is 3M Doing?" Accessed October 25, 2008.
16. ^ a b c Cleaning up river site may cost 3M $18 million
17. ^ a b Perfluorochemicals and the 3M Cottage Grove Facility: Minnesota Dept. Of Health
18. ^ Health Consultation: 3M Chemolite: Perfluorochemicals Releases at the 3M - Cottage
Grove Facility Minnesota Dept. of Health, Jan. 2005
19. ^ 3M submits plans to Minnesota for cleaning up PFCs in the east metro
20. ^ MPR: Search for PFC contamination in Mississippi River expands
21. ^ PERI - PoliticalEconomy Research Institute: Toxic 100 Table
22. ^ Toxic 100 Index http://www.peri.umass.edu/toxic_index/
23. ^ http://solutions.3m.com/wps/portal/3M/en_US/global/sustainability/
24. ^ http://www.renewableenergyworld.com/rea/news/article/2009/02/3m-forms-renewable-
energy-division-54663
25. ^ 3M Company SEC Form 10K - Annual Report - filed 2/15/2008
26. ^ http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=5739314-51571-
52309&type=sect&dcn=0001104659-08-011226 3M Company SEC Form 10K - Annual
Report - filed 2/15/2008
27. ^ solutions.3m.com
28. ^ thenorthernecho.co.uk
29. ^ thenorthernecho.co.uk
30. ^ [1]
31. ^ CEO and Corporate Officers

[edit] External links

Companies portal

• 3M Worldwide
• Yahoo! - 3M Company Profile
• Google Local's satellite image of 3M head office campus
• 3M Global Company Profile from Transnationale.org
• 3M's U.S. Online Store
• 3M's U.K. Online Store
[edit] Additional Resources
• The historical records of the 3M Company are available for research use at the Minnesota
Historical Society.
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Annual Revenue: $22.923 billion USD (2006) · Employees: 67,071 · Stock Symbol:
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