Company Overview Visit 3m.com website
3M (3M) is a global innovation company that never stops inventing. 3M has operations in more than 70 countries and over 80,000 employees worldwide, representing a diverse workforce.
3M produces thousands of products which can be found in our daily lives; most notably their Post-it Notes, Scotch tape and various tapes used to secure everything together from the environment to household appliances.
The history behind 3M began back in 1902 when 5 businessmen pooled their money together and invested $32 000 into buying mining rights to land rich with corundum – a mineral used to make sandpaper.
Soon, the company's operations grew with demand and in 1905 a new manufacturing plant was built in Duluth, Minnesota which is still in operation today. In 1906 the company expanded its product line-up to introduce sandpaper for industrial use and in 1907 3M began selling emery papers worldwide.
Today The 3M Company remains privately held by descendants of the original investors. It has become one of 50 largest US companies listed on stock exchanges as well as being considered to be one of the most efficient companies that uses capital investment effectively.