3M Company

3M Company is an American multinational conglomerate headquartered in Maplewood, Minnesota, operating across various industries including worker safety, healthcare, and consumer goods. The company's mission is to apply science in collaborative ways to improve lives and do what is possible, emphasizing innovation and sustainable development.

3M produces a vast array of products, exceeding 60,000 items, and is known for iconic brands such as Scotch Tape, Post-it Notes, Scotchgard, and Nexcare adhesive bandages. Its core business segments, following the spin-off of its healthcare division, include Safety and Industrial, Transportation and Electronics, and Consumer. These segments encompass products like adhesives, abrasives, laminates, personal protective equipment, and electronic materials, serving diverse global markets.

William "Bill" Brown assumed the role of Chairman and CEO on May 1, 2024. In a significant strategic move, 3M spun off its healthcare business into Solventum Corporation on April 1, 2024, to sharpen its focus on industrial and advanced materials sectors. The company has also committed to ceasing the production and use of per- and polyfluoroalkyl substances (PFAS), often referred to as "forever chemicals," by 2025, and has agreed to a $10.3 billion settlement for PFAS contamination lawsuits. 3M is currently pursuing a "back-to-basics" strategy, prioritizing innovation and operational excellence, with plans to invest $3.5 billion in research and development from 2025 to 2027 to launch 1,000 new products.