What if you invested $1000 in 3M on Jan 1, 2020?
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About 3M Company
Visit Website ↗3M Company, formerly known as the Minnesota Mining and Manufacturing Company, is an American multinational conglomerate corporation operating in the fields of industry, worker safety, U.S. health care, and consumer goods. The company produces over 60,000 products under several brands, including adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection films, dental and orthodontic products, electrical and electronic connecting and insulating materials, medical products, car-care products, electronic circuits, healthcare software and optical films.
Key Business Segments
Safety and Industrial
This segment includes products like personal safety equipment, industrial adhesives and tapes, abrasives, and automotive aftermarket products.
Transportation and Electronics
This segment provides products for the transportation and electronics industries, such as electronic components, films, and materials for vehicle manufacturing and infrastructure.
Health Care
This segment offers medical and surgical supplies, drug delivery systems, and health information systems.
Consumer
This segment includes well-known consumer brands such as Post-it, Scotch, Command, and Filtrete.
Key Innovations
- ✓Development of waterproof sandpaper (1920s)
- ✓Invention of Scotch masking tape (1925)
- ✓Introduction of Scotchgard fabric protector (1956)
- ✓Creation of Post-it Notes (1974)
Historical Milestones
Minnesota Mining and Manufacturing Company (3M) is founded in Two Harbors, Minnesota.
Richard Drew invents Scotch masking tape.
3M becomes a publicly traded company on the New York Stock Exchange.
The invention of Scotchgard Protector.
Post-it Notes are introduced nationwide in the U.S.
The company officially changes its name to 3M Company.