3M Stock
3M Stock is MMM. 3M was originally known as Minnesota Mining and Manufacturing. That is why the 3M stock symbol is MMM, which the company ultimately shortened the name to 3M.
3M Company had over $27 billion in global sales in 2010 alone. 2011 looks like it is going to surpass that amount.
3M’s primary sales (65%) were from overseas. This amounted to $17.5 billion in 2010
3M Company currently has operations in over 65 countries around the world while their products are sold in over 200 countries.
Because of their global reach 3M has over 80,000 employees around the world.
3M Stock is an S&P 500 component and an important part of the Dow Jones Industrial Average.
Over its long history 3M has invented some of the world’s greatest products. Famous for one of its first products, the adhesive on Post-it Notes, 3M now manufacturers a diversified array of products from industrial to consumer.
With 3M’s innovative culture, bottom line focus and low cost manufacturing, they guarantee themselves to be in business for a long time to come. Because the 3M company has so many industries they manufacture for they build a cohesive unit by cooperating in research, manufacturing and marketing between segments.
3M’s strengths are the research and development of products that take care of real-world customer needs such as office products or abrasives or adhesives. The company uses their strengths to innovate and make life easier and better for people around the world.
3M Company has split their many business areas into six primary business and operation segments. These segments are set up to increase the speed and efficiency in their respective areas by sharing technology, manufacturing, marketing and other resources.
- Consumer and Office Business: Home of some of the worlds best known brands such as Post-It-Notes, Scotch Tape, Scotch Brite, Filtrete, O-Cel-O, Nexcare and Command.
- Display and Graphics Business: Enhanced graphics and displays that people around the world use every day such as liquid crystal display enhancement films, reflective materials, graphical display monitors, projection systems and much more.
- Electronics and Communications Business: Customers around the world use 3M solutions in electrical power, high performance electronic devices and high tech telecommunications networks.
- Health Care Business: 3M is a global leader in improving the quality of health care through medical and oral care products, drug delivery systems and healthcare information systems.
- Industrial and Transportation Business: 3M provides many innovative products to many markets including automotive, aerospace, electronics manufacturers, renewable energy plants and many more. Some innovative products include tapes, abrasives, adhesives, specialty materials and filtration systems.
- Safety, Security and Protection Services Business: 3M provides many products that increase the safety, security and productivity of people around the world. Some of these include personal protective equipment, safety equipment, security products, tracing solutions and much more. 3M also prides itself on being one of the leading suppliers of roofing granules used in asphalt shingles.