Profile: 3M Co (MMM)
22 Mar 2017
3M Company (3M), incorporated on June 25, 1929, is a technology company. The Company is a manufacturer and marketer of a range of products and services. The Company operates through five segments: Industrial; Safety and Graphics; Health Care; Electronics and Energy, and Consumer. 3M products are sold through various distribution channels, including directly to users and through a range of wholesalers, retailers, jobbers, distributors and dealers in a range of trades in various countries around the world. As of December 31, 2016, the Company had operated 81 manufacturing facilities in 29 states. As of December 31, 2016, the Company had operated 122 manufacturing and converting facilities in 36 countries outside the United States.
The Industrial segment serves a range of markets, such as automotive original equipment manufacturer (OEM) and automotive aftermarket (auto body shops and retail), electronics, appliance, paper and printing, packaging, food and beverage, and construction. Industrial products include tapes, a range of coated, non-woven and bonded abrasives, adhesives, ceramics, sealants, specialty materials, separation and purification products, closure systems for personal hygiene products, acoustic systems products, and components and products that are used in the manufacture, repair and maintenance of automotive, marine, aircraft and specialty vehicles. 3M is also a supplier of precision grinding technology serving customers in the area of hard-to-grind precision applications in industrial, automotive, aircraft and cutting tools. 3M develops and produces technical ceramics for applications in the automotive, oil and gas, solar, industrial, electronics and defense industries.
The Company's industrial products include vinyl, polyester, foil and specialty industrial tapes and adhesives; Scotch Masking Tape, Scotch Filament Tape and Scotch Packaging Tape; packaging equipment; 3M VHB Bonding Tapes; conductive, low surface energy, sealants, hot melt, spray and structural adhesives; reclosable fasteners; label materials for durable goods; coated, nonwoven and microstructured surface finishing and grinding abrasives for the industrial market; a range of filtration products for the separation, clarification and purification of fluids and gases, and fluoroelastomers for seals, tubes and gaskets in engines. Its industrial products used in the transportation industry include insulation components, including Thinsulate Acoustic Insulation and components for cabin noise reduction and catalytic converters; functional and decorative graphics; abrasion-resistant films; adhesives; sealants; masking tapes; fasteners and tapes for attaching nameplates, trim, moldings, interior panels and carpeting; coated, nonwoven and microstructured finishing and grinding abrasives; structural adhesives, and other specialty materials. In addition, 3M provides paint finishing and detailing products, including a system of cleaners, dressings, polishes, waxes and other products.
Safety and Graphics Business
The Safety and Graphics segment serves a range of markets for the safety, security and productivity of people, facilities and systems. Its product offerings include personal protection products, such as respiratory, hearing, eye and fall protection equipment; traffic safety and security products, including border and civil security solutions; commercial solutions, including commercial graphics sheeting and systems, architectural design solutions for surfaces, and cleaning and protection products for commercial establishments, and roofing granules for asphalt shingles. This segment's products include personal protection products, such as certain disposable and reusable respirators, fall protection equipment, personal protective equipment, head and face protection, body protection, hearing protection and protective eyewear, plus reflective materials that are used on apparel, footwear and accessories.
In traffic safety and security, 3M provides reflective sheeting used on highway signs, vehicle license plates, construction work-zone devices, trucks and other vehicles, and also provides pavement marking systems, in addition to electronic surveillance products, and films that protect against counterfeiting. Traffic safety and security also provides finger, palm, face and iris biometric systems for governments, law enforcement agencies, and commercial enterprises, in addition to remote people-monitoring technologies used for offender-monitoring applications. Its commercial graphics products include films, inks, and related products used to produce graphics for vehicles, signs and interior surfaces. Other segment products include spill-control sorbents; nonwoven abrasive materials for floor maintenance and commercial cleaning; floor matting, and natural and color-coated mineral granules for asphalt shingles.
Health Care Business
The Health Care segment serves markets that include medical clinics and hospitals, pharmaceuticals, dental and orthodontic practitioners, health information systems, and food manufacturing and testing. Products and services provided to these and other markets include medical and surgical supplies, skin health and infection prevention products, inhalation and transdermal drug delivery systems, oral care solutions (dental and orthodontic products), health information systems and food safety products. The Company, through Treo Solutions LLC, provides data analytics and business intelligence to healthcare payers and providers. The Company, through Ivera Medical Corp., manufactures healthcare products that disinfect and protect devices used for access into a patient's bloodstream.
In the medical and surgical areas, 3M is a supplier of medical tapes, dressings, wound closure products, orthopedic casting materials, electrodes and stethoscopes. In infection prevention, 3M markets a range of surgical drapes, masks and preps, as well as sterilization assurance equipment and patient warming solutions designed to prevent hypothermia in surgical settings. Other products include drug delivery systems, such as metered-dose inhalers, transdermal skin patches and related components. Oral care solutions include restoratives, adhesives, finishing and polishing products, crowns, impression materials, preventive sealants, professional tooth whiteners, prophylaxis and orthodontic appliances, as well as digital workflow solutions to transform traditional impression and analog processes. In health information systems, 3M develops and markets computer software for hospital coding and data classification, and provides related consulting services. 3M provides food safety products for food processors to test the microbiological quality of food.
Electronics and Energy Business
The Electronics and Energy segment serves customers in electronics and energy markets, including solutions for the performance of electronic devices; electrical products, including infrastructure protection; telecommunications networks, and power generation and distribution. This segment's electronics solutions include the display materials and systems business, which provides films that serve various market segments of the electronic display industry. As of December 31, 2016, 3M had provided products for five market segments, including products for liquid crystal display (LCD) computer monitors; LCD televisions; handheld devices, such as cellular phones and tablets; notebook personal computers (PCs), and automotive displays.
The Electronics and Energy segment provides desktop and notebook computer screen filters for display light control, privacy and glare reduction needs. Its electronics products also include packaging and interconnection devices; fluids and abrasives used in the manufacture of computer chips, and for cooling electronics and lubricating computer hard disk drives, and high-temperature and display tapes. Flexible circuits use electronic packaging and interconnection technology, which are used in ink-jet printer cartridges, cell phones and electronic devices. This segment also includes touch systems products, including touch screens, touch monitors and touch sensor components.
The Electronics and Energy segment's energy solutions include electrical products, including infrastructure protection, telecommunications and renewable energy. This segment serves electrical and telecommunications markets, including electrical utilities, electrical construction, maintenance and repair, OEM, telecommunications central office, outside plant and enterprise, as well as aerospace, military, automotive and medical markets, with products that enable the transmission of electrical power and delivery of information. Products in this segment include pressure sensitive tapes and resins, electrical insulation, an array of fiber-optic and copper-based telecommunications systems for deployment of fixed and wireless networks, as well as the 3M Aluminum Conductor Composite Reinforced (ACCR) electrical power cable. This segment also includes renewable energy component solutions for the solar and wind power industries, as well as infrastructure products solutions that provide municipalities both protection and detection solutions for electrical, oil, natural gas, water, rebar and other infrastructure assets.
The Consumer segment serves markets that include consumer retail, office retail, office business to business, home improvement, drug and pharmacy retail, and other markets. Products in this segment include office supply products, stationery products, home improvement products (do-it-yourself), home care products, protective material products, certain consumer retail personal safety products and consumer healthcare products. Its consumer products include Scotch brand products, such as Scotch Magic Tape, Scotch Glue Stick and Scotch Cushioned Mailer; Post-it Products, such as Post-it Flags, Post-it Note Pads, Post-it Labeling & Cover-up Tape, and Post-it Pop-up Notes and Dispensers; home improvement products, including surface-preparation and wood-finishing materials, Command Adhesive Products and Filtrete Filters for furnaces and air conditioners; home care products, including Scotch-Brite Scour Pads, Scotch-Brite Scrub Sponges, Scotch-Brite Microfiber Cloth products, O-Cel-O Sponges; protective material products, such as Scotchgard Fabric Protectors; certain maintenance-free respirators; certain consumer retail personal safety products, including safety glasses, hearing protectors, and 3M Thinsulate Insulation, which is used in jackets, pants, gloves, hats and boots to keep people warm; Nexcare Adhesive Bandages, and ACE branded (and related brands) elastic bandage, supports and thermometer product lines.
3M Center Bldg 220-11W-02
SAINT PAUL MN 55144-1000
Company Web Links
- BRIEF-3M CEO Inge Thulin's FY 2016 total compensation was $16.7 mln
- 3M to buy Johnson Controls' safety gear business for $2 billion
- UPDATE 1-3M to buy Johnson Controls' safety gear business for $2 bln
- BRIEF-3M to acquire Scott Safety from Johnson Controls
- 3M to buy Johnson Control's safety gear business