LYCOS RETRIEVER 
3M
built 634 days ago
Sending salesmen into the shops paid off a few years later in an even more significant way, by giving 3M its first non-abrasives product line. In 1923 a salesman in an auto body painting shop noticed that the process used to paint cars in two tones worked poorly. He promised the painter that 3M could develop an effective way to prevent the paints from running together. It took two years, but the research and development division invented a successful masking tape--the first in a line of pressure-sensitive tapes that now extends to more than 900 varieties. The invention of Scotch tape, as it came to be called and then trademarked, established 3M as a force for innovation in American industry. Taking a page from its sandpaper business, 3M immediately began to develop different applications of its new technology.
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The Science Training Encouragement Program (STEP) is a partnership between 3M and the Saint Paul Public Schools. STEP supports 3M’s recognition of the importance of diversity and equal opportunity in its workforce. The program provides opportunities in science for high school students from diverse backgrounds to increase job skills through further training and practical experience, gain insights into scientific careers, and enhance personal development. SPPS juniors and seniors are eligible to participate. Participation involves twice-weekly classes at 3M from January through June, and a full-time summer job in the 3M laboratories from June through August.
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Early in 2002 the company finally adopted its nickname as its formal moniker, officially becoming 3M Company. Acquisitions were coming more to the fore under McNerney, and the most significant deal of the early 2000s--in fact, the most expensive acquisition in 3M history--was the December 2002 purchase of Corning Precision Lens, Inc. for $850 million. The acquired unit, which was renamed 3M Precision Optics, Inc., was the world's leading supplier of optical lenses used in projection televisions. Overall, financial results for 2002 were encouraging, particularly given the difficult economic environment. While revenues increased only marginally, net income increased by about 20 percent after excluding nonrecurring items. That year, 3M paid a dividend for the 87th straight year and increased its dividend for the 45th consecutive year.
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In 1960, 3M introduced the world's first overhead projector. Today, 3M is still the leading choice for overhead projectors that meet your needs and your budget. Their full line of price-competitive overhead projectors features high illumination and sharp, clear projection - all backed by 3M quality, reliability, and experience.
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Thulin is not willing to predict 3M's global footprint 10 years from now. But the trend is clear. International sales grew roughly 3 percent a year between 1998 and 2002. They've since averaged 12 percent growth, thanks to the hottest emerging markets that investment aficionados affectionately call BRIC, short for Brazil, Russia, India and China.
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Filtrete filters from 3M attract and capture large airborne allergens like pollen, mold spores and pet dander to help clean your indoor air. These air and furnace filters last up to 3 months. The Filtrete Advanced Allergen/Odor reduction filter, captures up to 93% of large airborne particles and filters microscopic particles like household dust, smoke, smog particles, bacteria and particles that can carry viruses.
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