Centaurus Financial - we invest in your success
CuraDebit Free Debt Analysis
  Home > Fortune 500 Companies > 3m

3m


3M is a publicly traded company having a good stock performance result. It’s a fortune 500 stock listed company trading under MMM. 3M was established in 1902 at the Lake Superior town of Two Harbors, Minn. 
 
Years of struggle resulted until the company could master quality production and a supply chain. New investors were attracted to 3M, such as Lucius Ordway, who moved the company to St. Paul in 1910. Early technical and marketing innovations began to produce successes and, in 1916, the company paid its first dividend of 6 cents a share.
 
In 2004, sales topped 20 billion dollars for the first time, with innovative new products contributing considerably to growth. Recent innovations include Post-it Super Sticky Notes, optical films, Scotch Transparent Duct Tape and a new family of ScotchBrite Cleaning Products that give consumers the right scrubbing power for a host of cleaning jobs.
 
3M is 21 billion dollars diversified Technology Company with leading positions in consumer and office, display and graphics, electronics and telecommunications, health care, industrial and transportation, safety, security and protection services and other businesses.
 
In 2005 its solid performance demonstrates the company’s wide strength while auguring the promise of their future. In 2005, sales reached 21.2 billion dollars, an increase of 5.8 percent over 2004.They generated 3.2 billion dollars of net income. Operating port margins grew nearly one percentage point to 23.7 percent. Their local currency sales growth was broad based, driven by increases of 9.3 percent in Industrial, 6.9 percent in Safety, Security and Protection Services, 5.0 percent in Transportation, and 4.2 percent in Electro and Communications. It will gather upward momentum in the coming years as they spotlight on the next element of their evolution as a company growth.
 
3m is a branched out technology company with a worldwide presence in the following markets, consumer and office, display and graphics, electro and communications, health care, industrial and transportation, and safety, security and protection services. The thing which makes them so diverse is their capability to apply their technologies often in combination to an endless collection of customer needs.
 

Back to Fortune 500 Companies

 
 
Infinit-i