The 3M Company Overview
Company Headquarters: Minnesota, United States
Founded: 1902
Workforce: ~90,000
Company Working: The 3M Company is a multinational conglomerate corporation based in the United States. The company was founded as a mining venture, but later diversified into other industries such as healthcare, electronics, and transportation. The name 3M comes from the company's original name, Minnesota Mining and Manufacturing, which reflected its roots in the mining industry. Today, 3M is known for its wide range of products, including consumer goods such as Post-it Notes and Scotch Tape, as well as industrial products such as adhesives, abrasives, and tapes. 3M has operations in more than 70 countries. The company is headquartered in Maplewood, Minnesota, and has been listed on the New York Stock Exchange since 1946. 3M is known for its commitment to innovation and research and has a long history of developing new products and technologies.
Strategy
3M’s investment strategy for its pension and postretirement plans is to manage the funds on a going-concern basis. The primary goal of trust funds is to meet the obligations as required. The secondary goal is to earn the highest rate of return possible, without jeopardizing its primary goal, and without subjecting the Company to an undue amount of contribution risk. Innovation is at the core of 3M's business model, and the company invests heavily in research and development to drive growth and stay ahead of the competition. The company has a strong culture of innovation that encourages employees to come up with new ideas and solutions.
