3M
Maker of a broad range
of products including Scotch Tape and Post-It Notes.
Headquarters:
3M Center
St. Paul, MN 55144
Employees: 75,333
CEO: George Buckley
Stock Symbol: MMM
Website:
http://www.3m.com
Career
Site
3M is the company that brought us Scotch
Tape and Post-It notes which help keep consumers organized and
keep things together. The company also makes a variety of products
for commercial use. 3M stands for Minnesota, Mining and Manufacturing.
3M serves six major business segments including:
1) Consumer and Office; 2) Display and Graphics; 3) Electro and
Communications; 4) Health Care; 5) Industrial and Transportation;
6) Safety, Security and Protection Services.
Company products are sold in nearly 200
countries. The company has Plant locations in 145 countries worldwide
and Sales office locations in 169 nations.
In 2007, 3M reported record revenues of
$24.5 billion and net income of $4.1 billion. International sales
accounted for 63% of revenue. The company spent $1.3 billion
on research and development last year.
3M reports 34,553 employees in the U.S.
and 40,780 internationally. The company has 6,500 researchers
worldwide; 3,900 in the United States. It has 570 U.S. patents.
3M sold its pharmaceuticals business in
2007.
History
3M was founded in 1902 at the Lake Superior
town of Two Harbors, MN. Five businessmen set out to mine a mineral
deposit for grinding-wheel abrasives. But the deposits proved
to be of little value, and the new Minnesota Mining and Manufacturing
Co. quickly moved to nearby Duluth to focus on sandpaper products.
The world's first waterproof sandpaper,
which reduced airborne dusts during automobile manufacturing,
was developed in the early 1920s.
A second major milestone occurred in 1925
when Richard G. Drew, a young lab assistant, invented masking
tape an innovative step toward diversification and
the first of many Scotch Pressure-Sensitive Tapes. In the following
years, technical progress resulted in Scotch Cellophane Tape
for box sealing and soon hundreds of practical uses were discovered.
In the 1950s, 3M introduced the Thermo-Fax
copying process, Scotchgard Fabric Protector, videotape, Scotch-Brite
Cleaning Pads and several new electro-mechanical products.
In 1980, 3M introduced Post-it Notes, which
created a whole new category in the marketplace and changed the
way people communicated and organized their behaviors.
Benefits
- Health care
- Dental care
- Vision care
- Reimbursement accounts - so you can set aside money, before
taxes, to pay for health and dependent care expenses
- Disability and family medical leave
- A wide variety of health care services, including a 24-hour
nurse line and access to a health coach for serious medical conditions
- A pension plan
- A 401(k) plan, with a company match
- Quarterly and annual company contributions (in 3M stock) to
your 401(k) plan, based on 3M's performance
- Online retirement planning and investment tools and resources
- At retirement: Retiree medical and dental plan coverage and
A company-funded life insurance benefit
3M Clubs
3M Clubs give you the unique opportunity
to share your hobbies and interests with other 3Mers. From sports,
to music, to toastmasters there are many ways to get involved.
Fitness Centers
Our on-site health and fitness
centers in St.Paul, Minnesota and Austin, Texas offer a full
range of cardiovascular and strengthening equipment and a variety
of group classes all with flexible hours.
Employee Store
3M employees and retirees can purchase
hundreds of 3M products online, via 3M's eStore. Many 3M locations
also have on-site employee stores.
Work & Personal Life Resource Center
3M's Work & Personal Life Center
offers a variety of lunchtime classes, videos and other resources
to meet the needs of you and your family.
Updated January 29, 2008
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