3M Co - Company Profile
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Business Description
3M Co (3M) is a technology company. The company manufactures products for diversified markets ranging from safety to office products and optical films for LCD displays. It serves automotive, electronics, health care, safety, energy and consumer sectors industries.
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R&D Overview
The company’s R&D efforts focus on application development, product development, technology development and product and manufacturing support which are aimed at disruptive new technologies. The company has 51 technology platforms in the field of nanotechnology, ceramics, abrasives and adhesives, among others. In FY2022, it spent US$1,862.0 million on R&D, which was 5.4% of its revenue and declined 6.6% YoY.
Business Segments
Overview
- Provides office supply products, stationery, do-it-yourself home improvement, home care, protective material, certain consumer retail personal safety, and consumer health care products. - Serves customers in home improvement, stationery and office supplies, home care, and consumer health care sectors. - In FY2022, the Consumer segment's capital expenditure stood at US$146.0 million, which increased 33.9% YoY.
Performance
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Overview
- Provides medical and surgical supplies; oral care solutions: dental and orthodontic products; inhalation and drug delivery systems; health information systems; skin health and infection prevention products; food safety products; and filtration products. - Serves medical clinics and hospitals, health information systems, dental and orthodontic practitioners, pharmaceuticals, and food manufacturing and testing. -In FY2022, the Health Care segment's capital expenditure stood at US$272 million, which increased 9.2% YoY.
Performance
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Overview
- Provides industrial products, including tapes; adhesives, sealants, specialty materials products; coated, non-woven and bonded abrasives; roofing granules; closure systems for personal hygiene products, acoustic systems products; infrastructure, personal and fall protection products, and self-contained breathing apparatus systems, components and products. - Serves customers in global industrial, electrical and safety markets. -In FY2022, the Safety and Industrial segment's capital expenditure stood at US$512.0 million, which increased 51.0% YoY.
Performance
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Overview
- Offers optical film solutions, and insulating and splicing solutions. - Optical film solutions include electronic displays, packaging and interconnection devices. - Insulating and splicing solutions include touch screens and monitors, advanced ceramics, commercial graphic systems, automotive components, acoustic systems products, commercial graphics systems, commercial cleaning and protection products, and transportation products. - Serves customers in global transportation and electronic OEMs. - Offers optical film solutions and insulating and splicing solutions. - Optical film solutions include electronic displays, packaging and interconnection devices. - Insulating and splicing solutions include touch screens and monitors, advanced ceramics, commercial graphic systems, automotive components, acoustic systems products, commercial graphics systems, commercial cleaning and protection products, and transportation products. - Serves customers in global transportation and electronic OEMs. - In FY2022, the Transportation and Electronics segment's capital expenditure stood at US$562 million, which decreased 24.1% YoY.
Performance
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Performance
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Geographical Segments
Performance
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Target Markets
- China, Hong Kong and Japan.
Performance
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Performance
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