3M
 |
|
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Formerly called
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Minnesota Mining and Manufacturing Company |
|---|---|
| Public | |
| Traded as | |
| Industry | Conglomerate |
| Founded | June 13, 1902 (as Minnesota Mining and Manufacturing Company) Two Harbors, Minnesota, U.S. |
| Founders |
John Dwan Danley Budd Hermon Cable Henry Bryan William A. McGonagle |
| Headquarters | Maplewood, Minnesota, U.S. |
|
Area served
|
Worldwide |
|
Key people
|
Inge Thulin (Chairman, President, and CEO) |
| Products | List of 3M Company products |
| Revenue |
 US$30.274 billion (2015) |
|
US$6.946 billion (2015) |
|
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US$4.833 billion (2015) |
|
| Total assets |
 US$32.718 billion (2015) |
| Total equity |
US$11.747 billion (2015) |
|
Number of employees
|
89,800 (2015) |
| Website | 3M |
The 3M Company, 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 $30 billion in annual sales, 3M employs 88,000 people worldwide and produces more than 55,000 products, including: adhesives, abrasives, laminates, passive fire protection, dental and orthodontic products, electronic materials, medical products, car-care products (sun films, polish, wax, car shampoo, treatment for the exterior, interior and the under chassis rust protection),electronic circuits, and optical films. 3M has operations in more than 65 countries including 29 international companies with manufacturing operations and 35 companies with laboratories. 3M products are available for purchase through distributors and retailers, and online directly from the company.
Five businessmen founded 3M in Two Harbors, Minnesota, in 1902. Originally a mining venture, the goal was to mine corundum, but this failed because the mine's mineral holdings were anorthosite, which had no commercial value. Co-founder John Dwan solicited funds in exchange for stock and Edgar Ober and Lucius Ordway took over the company in 1905. The company moved to Duluth and began research and producing sandpaper products.William L. McKnight, later a key executive, joined the company in 1907, and A. G. Bush joined in 1909. 3M finally became financially stable in 1916 and was able to pay dividends.
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