Maker of a broad range
of products including Scotch Tape and Post-It Notes.
St. Paul, MN 55144
CEO: Inge Thulin
Stock Symbol: MMM
3M is the company that brought us Scotch
Tape and Post-It notes which help keep consumers organized and
keep things together. The company also makes a variety of products
for commercial use. 3M stands for Minnesota, Mining and Manufacturing.
3M serves five major business segments including: 1) Consumer and Office; 2) Electronics and Energy; 3) Health Care; 4) Industrial; 5) Safety and Graphics.
Company products are sold in nearly 200 countries. The Company has operations in over 70 countries.
For 2014, 3M reported record sales of $31.8 billion, up from $30.8 billion, and net income of $4.95 billion.
3M has over 100,000 patents, 8,400 researchers worldwide and earns over 3,000 new patents per year.
3M was founded in 1902 at the Lake Superior
town of Two Harbors, MN. Five businessmen set out to mine a mineral
deposit for grinding-wheel abrasives. But the deposits proved
to be of little value, and the new Minnesota Mining and Manufacturing
Co. quickly moved to nearby Duluth to focus on sandpaper products.
The world's first waterproof sandpaper,
which reduced airborne dusts during automobile manufacturing,
was developed in the early 1920s.
A second major milestone occurred in 1925
when Richard G. Drew, a young lab assistant, invented masking
tape an innovative step toward diversification and
the first of many Scotch Pressure-Sensitive Tapes. In the following
years, technical progress resulted in Scotch Cellophane Tape
for box sealing and soon hundreds of practical uses were discovered.
In the 1950s, 3M introduced the Thermo-Fax
copying process, Scotchgard Fabric Protector, videotape, Scotch-Brite
Cleaning Pads and several new electro-mechanical products.
In 1980, 3M introduced Post-it Notes, which
created a whole new category in the marketplace and changed the
way people communicated and organized their behaviors.
In 2004, sales topped $20 billion for the first time, with innovative new products contributing significantly to growth. Recent innovations include Post-it Super Sticky Notes, Scotch Transparent Duct Tape, optical films for LCD televisions and a new family of Scotch-Brite Cleaning Products that give consumers the right scrubbing power for a host of cleaning jobs.
- Health care
- Dental care
- Vision care
- Reimbursement accounts - so you can set aside money, before
taxes, to pay for health and dependent care expenses
- Disability and family medical leave
- A wide variety of health care services, including a 24-hour
nurse line and access to a health coach for serious medical conditions
- A pension plan
- A 401(k) plan, with a company match
- Quarterly and annual company contributions (in 3M stock) to
your 401(k) plan, based on 3M's performance
- Online retirement planning and investment tools and resources
- At retirement: Retiree medical and dental plan coverage and
A company-funded life insurance benefit
3M Clubs give you the unique opportunity
to share your hobbies and interests with other 3Mers. From sports,
to music, to toastmasters there are many ways to get involved.
Our on-site health and fitness
centers in St.Paul, Minnesota and Austin, Texas offer a full
range of cardiovascular and strengthening equipment and a variety
of group classes all with flexible hours.
3M employees and retirees can purchase
hundreds of 3M products online, via 3M's eStore. Many 3M locations
also have on-site employee stores.
Work & Personal Life Resource Center
3M's Work & Personal Life Center
offers a variety of lunchtime classes, videos and other resources
to meet the needs of you and your family.
Updated January 27, 2015