3M (NYSE: MMM) today reported second-quarter 2020 results sales of $7.2 billion, down 12.2% compared to last year. Organic local-currency sales declined 13.1 percent, while acquisitions, net of divestitures, increased sales by 2.4 percent. Foreign currency translation reduced sales by 1.5 percent year-on-year. The company noted improving sales trends with July month-to-date sales up low-single […]
3M Awarded Department of Defense Contracts to Expand U.S. Production of N95 Respirators
3M announced it has been awarded two contracts through the U.S. Department of Defense in recent weeks that will help the company expand U.S. production of N95 respirators from 35 million per month to more than 95 million per month by October. Beginning in January, 3M ramped up production of respirators and doubled its global […]
3M and the Trump Administration Announce Plan to Import 166.5 Million Additional Respirators from China
Agreement allows for continued exports of U.S. produced respirators to Canada and Latin America. 3M and the Trump Administration announced a plan to import 166.5 million respirators from China over the next three months to support healthcare workers in the United States. 3M and the Administration worked together to ensure that this plan does not […]
3M Responds to Defense Production Act Order on N95 Masks
3M came under fire by the White House and President Trump over exports of N95 masks to Canada and Latina America. The White House announced Thursday night that the Administration was invoking the Defense Production Act to compel 3M to supply N95 respirators. 3M has doubled its production of N95 masks in response to the […]
3M CEO Says More Than 500,000 N95 Masks Went to Seattle and New York
Mike Roman, chairman and CEO of 3M explained that the company would deliver over 500,000 N95 masks to health care providers in Seattle, Wash. and New York. In a blog post on Sunday, March 22, Roman said that the company had shipped the masks from a plant in South Dakota. According to Roman’s blog post […]
Fiat Chrysler and Ford Announce Personal Protective Equipment Production
Fiat Chrysler Automobiles (FCA) announced it is stepping in to help those at the front line of the coronavirus pandemic by manufacturing and donating more than 1 million protective face masks per month. Production capacity is being installed this week and the company will start manufacturing face masks in the coming weeks with initial distribution […]
3M and sia Abrasives Settle Patent Infringement Disputes
3M Company, 3M Deutschland GmbH, 3M Innovative Properties Company, sia Abrasives Deutschland GmbH and sia Abrasives Industries AG have settled patent infringement lawsuits brought by 3M in the District Court of Mannheim in Germany and the Federal Patent Court in St. Gallen, Switzerland, and Robert Bosch GmbH has withdrawn its related opposition to 3M’s patent […]
3M and Saint-Gobain Settle Paint Spray Patent Dispute
3M Company and Saint-Gobain Abrasives Inc. announced they have settled a long-standing patent dispute in Europe that related to 3M’s Paint Preparation System (PPS) and Saint-Gobain’s “Norton Paint Systems” (NPS) brand. The settlement covers infringement actions brought by 3M under several European patents against Saint-Gobain Abrasives in Germany and in France and corresponding actions by […]
3M and Collision Repair Education Foundation Grant Awarded to South Carolina and Minnesota Schools
3M and the Collision Repair Education Foundation (CREF) announced the establishment of the 3M and CREF Grant; Growing the Collision Education Programs of Tomorrow. The new grant program, funded by 3M, will provide two collision schools in markets where 3M has facilities with $10,000 each to support the advancement of their programs. The local 3M […]
3M Announces New Business Segments and Leadership Appointments
On March 18, 3M announced the realignment of the company from five to four business segments. “We are continuing to advance 3M into the future, and today’s actions will strengthen our ability to meet the fast-moving needs of our customers,” said 3M CEO Mike Roman. “Our new alignment will leverage our business transformation progress, accelerate […]