Content about 3M

3M has announced a realignment of its major business groups to better serve global markets and customers, effective immediately.

The new structure will be comprised of five business groups: Consumer (2011 sales of $4.2 billion), Industrial ($9.6 billion), Health Care ($5.0 billion) and two newly formed business groups: Safety & Graphics ($5.5 billion), and Electronics & Energy ($5.7 billion). Previously, the company operated six segments. 

A product linked to the Environmental Protection Agency’s lead paint rule has been approved for use on drywall and plaster.

The 3M LeadCheck Swabs, in compliance with the Environmental Protection Agency’s (EPA) Renovation, Repair and Painting Rule (RRP), are now recognized by the EPA for use on drywall and plaster.

The swaps are designed to turn red in the presence of lead and were the first commercially available lead test kit recognized by the EPA for use on painted wood and metal. 

The Specialty Tools and Fasteners Distributors Association (STAFDA) announced Jim Fall, business & operations director for 3M Industrial Adhesive & Tape Division will be STAFDA’s associate State of the Industry speaker during the group’s Nov. 4-6 convention in Orlando.

Fall has 25 years of experience with St. Paul, Minn.-based 3M. He is a member of the Pressure Sensitive Tape Council and chairman of the 3M Converter Markets Advisory Committee.

St. Paul, Minn.-based 3M has reported third-quarter net income of $1.09 billion, down 1.8% from $1.11 billion in the third quarter of 2010. Sales in the third quarter ended Sept. 30 totaled $7.53 billion, up 9.6% from $6.87 billion in the year-ago period. 

Net income for the first nine months totaled $3.33 billion, up 5.4% from $3.16 billion in the prior-year period. Net sales were $22.52 billion, up 12.9% from $19.95 billion in the first nine months of 2010.

Building products giant 3M has agreed to purchase Nida-Core Corp., a Florida manufacturer that makes composite building materials, according to an article in the Minneapolis St. Paul Business Journal. 

St. Paul, Minn.-based 3M is breaking ground on an expansion at its Cordova, Ill., facility, which manufactures specialty chemicals and adhesives, including 3M’s Novec brand products.

St. Paul, Minn.-based 3M has reported second-quarter net income of $1.16 billion, up 3.6% from $1.12 billion in the second quarter of 2010. Net sales totaled $7.7 billion, up 14.1% from $6.7 billion in the year-ago period.

Sales increased in all regions: Europe was up 24.1%, Latin America/Canada was up 20.2%, Asia Pacific was up 11%, and the United States was up 8.7%.

3M's Cubitron II abrasives technology platform has won the TechAmerica Foundation's American Technology Award in the manufacturing category at the Foundation's annual awards dinner held in Washington, D.C.

The Foundation's awards -- also known as "Termans" in honor of Frederick Terman, the late Stanford University engineering professor who is widely regarded as the father of Silicon Valley -- are presented annually to signify American industry's best technological achievements in various categories.

When the curtain rises on the 2011 National Hardware Show, attendees will be treated to a steady stream of new product introductions from industry leaders like 3M, Robert Bosch Tool Corp., Char-broil, The Coleman Co., Jarden Safety & Security and many others.

Building products giant 3M has agreed to purchase Nida-Core Corp., a Florida manufacturer that makes composite building materials, according to an article in the Minneapolis St.

Building products giant 3M has agreed to purchase Nida-Core Corp., a Florida manufacturer that makes composite building materials, according to an article in the Minneapolis St.