3M was founded in 1902 by five businessmen in Minnesota as a mining company but later began producing sandpaper. It has since grown into a diversified technology company with operations in over 65 countries. 3M has six business segments including industrial, healthcare, consumer, safety, display & graphics, and electro & communication. It has strong research and development capabilities and sells over 7,000 products worldwide.

1. Harnoor Singh
PRN: 14030141064

2. FOUNDERS:-
 Henry S. BryanHermon
 W. CableJohn Dwan
 William A. McGonagle
 Dr. J. Danley Budd
HEADQUARTERS:-
Maplewood, MN, US
3M Company (3M-Minnesota Mining and Manufacturing Company) is a
diversified technology company.

3. Five businessmen founded 3M in Two Harbors,
Minnesota, in 1902. Originally a mining venture,
the goal was to mine corundum, but this failed
because the mine's mineral holdings were
anorthosite, which had no commercial value.
Co-founder John Dwan solicited funds in exchange
for stock and Edgar Ober and Lucius Ordway took
over the company in 1905. The company moved
to Duluth and began research and producing
sandpaper products. William L. McKnight, later a
key executive, joined the company in 1907, and
A. G. Bush joined in 1909.
3M finally became financially stable in 1916 and
was be able to pay dividends.

6.  Industrial and Transportation
 Healthcare
 Consumer and Office
 Safety, Security and Protection Services
 Display and Graphics
 Electro and Communication Businesses

7. 3M products are sold through a number of
distribution channels, including directly to
users and through wholesalers, retailers,
jobbers, distributors and dealers in a range
of trades in a number of countries
worldwide.

8.  In April 2012, it acquired CodeRyte Inc.
 In September 2012, it acquired the business
of Federal Signal Technologies Group
(FSTech) from Federal Signal Corporation.
 On November 28, 2012, the Company
acquired Ceradyne, Inc.
 In April 2014, the Company acquired Treo
Solutions.

9.  3M India Limited, the Indian subsidiary of 3M
Corporation was established in 1988. 3M has been a
steadfast partner in India’s progress for over 25
years, committed to solving problems unique to the
Indian customer. The Managing Director at 3M India is
Mr. Amit Laroya.
 3M Electro & Communications India Pvt. Ltd. is a
privately owned subsidiary of 3M Corporation.
Together, these two companies market over 7,000
products in India with leading positions in health
care, industrial, retail, construction, transportation,
energy, utilities, mining, general office and home. In
India, the magic of 3M innovation takes places at our
R&D centers, situated at Bengaluru and Gurgaon, NCR
(National Capital Region). Our manufacturing
facilities in India are at Bengaluru, Pimpri (Pune),
Ranjangaon (Pune), Ahmedabad & Pondicherry.

11.  Diversified businesses - industrial and transportation,
healthcare, display and graphics, consumer and
office, safety, security and protection services, and
electro and communications.
 Strong research and development capability
 Diversified geographic presence
 Solid revenue & profit growth
 solving and delivering unique solutions for original
equipment manufacturers (OEM) and mass channel
customers. In addition, technologies such as
adhesives, materials science, light management;
micro replication and nonwoven materials; and its
ability to not only develop unique products, but also
to manufacture them efficiently and consistently
around the world

12.  Low inventory turnover which impacts
inventories and margins
Weaker than expected performance in key
segments
 Not as nimble as smaller, more focused
competitors
 Lack of synergy between business units
 Lot of data or virtual warehousing of data is
not being well integrated.

13.  Acquisitions in key operating areas
 Continued global expansion
 Rising healthcare spending in the US
 Security concerns with weaker economy in
the US could present opportunities for 3M's
security business
 Markets similar to areas it is currently in,
such as renewable energy, water
infrastructure, architecture, and lighting.

14.  Rising commodity and energy prices
 Exchange rates fluctuations
 Environmental regulations
 Consumer preferences and competitve
conditions

15. Sales* 30.871 Bil
Income* 4.81 Bil
Sales Growth* +3.20%
Income Growth* +4.80%
Net Profit Margin 15.28%
Debt/Equity Ratio 0.40
Beta 1.07
EPS 7.09
Forward P/E 17.62
P/E 20.31
Market Cap 93.31 Bil
Shares Outstanding 647.97 Mil

17.  Sales for the year were $31 billion. In organic local
currency terms, sales increased 3.4 percent.
 Latin America/Canada led the way with organic growth of
7 percent. Asia Pacific rose 4 percent, the U.S. was up 3
percent and Europe/Middle East/Africa was up 2 percent.
 Currency impacts reduced worldwide sales by 1.6 percent,
and acquisitions added1.4 percent.
 Operations in more than 65 countries
 Products sold in nearly 200 countries
 88,667 employees globally
Five-year financial objectives:
 Earnings per share were up 6.3 percent to $6.72.
 4% to 6% organic revenue growth
 More than 20% return on invested capital
 By 2017, annual investment in R&D will reach 6 percent of
sales.

19.  -Dedicated R&D, long-term development and
separate from concept to launch efforts
 -Apply and use Open Innovation; host
ideation sessions with members of all
departments
 -Foster a culture of innovation by allowing
team members to take risks in a protected
environment
 -Reward and encourage creativity

21. “ Research is the transformation
of money into knowledge. “
“Innovation is the transformation
of knowledge into money.“

22. 3M Products Enhancing Every Home
3M Technology Advancing Every Company
3M Innovation Improving Every Life