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3M Company (MMM) – Introduction and background |
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Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
3M Company, originally known as Minnesota Mining and Manufacturing Company, is a highly diversified American conglomerate and the patent-holder of many widely used products.
Widgets supplied in partnership with Acuity. Pricing and sentiment does not represent ADSS data or market view.
Launched as a mining concern in 1902, 3M Company is a conglomerate with diverse business lines in healthcare, where it provides drug-delivery systems, alongside construction, safety, consumer products, and transport. Famous as the inventor of Post-it notes and Scotch tape, the Minnesota-based company employs almost 100,000 people in over 70 countries.
3M’s revenue is spread evenly across different segments, with graphics materials, electronics, and healthcare products all contributing a roughly equal amount to total sales. The consumer goods division, that includes its best-known brands like […], is smaller, but still produces a significant proportion of overall revenue.
The US is 3M’s largest regional market but accounts for less than half of sales, with Europe and Asia also significant markets. The company’s main shareholders are major investment managers such as Vanguard and Blackrock.
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