3M Company, also known as Minnesota Mining and Manufacturing, is a multinational conglomerate corporation based in the United States. The company was founded in 1902 in Two Harbors, Minnesota, by five businessmen who aimed to mine a mineral deposit called corundum. However, they soon discovered that the mineral was not commercially viable, leading them to shift their focus to sandpaper production. This marked the beginning of 3M's journey as an innovative manufacturing company.
Today, 3M operates in various industries, including industrial, healthcare, consumer goods, and transportation. The company is known for its diverse range of products, which encompass adhesives, abrasives, laminates, respiratory protection, dental and orthodontic products, and much more. 3M has a strong emphasis on research and development, constantly working to develop new technologies and solutions to meet evolving customer needs.
The company has a long history of developing groundbreaking products that have had a significant impact across industries. One of its most famous innovations is the Post-it Note, introduced in 1980. This adhesive-backed notepad revolutionized the way people take notes and organize information, becoming an iconic office staple worldwide.
In addition to the Post-it Note, 3M's flagship products include Scotch Tape, Scotchgard, and various types of medical and dental products. These products have become synonymous with quality and reliability, earning 3M a reputation as a trusted brand in the marketplace.
3M is listed on the New York Stock Exchange under the ticker symbol MMM and is also a component of the Dow Jones Industrial Average. The company has a global presence, serving customers in nearly every country. Its extensive distribution network and strong brand recognition have contributed to its success in reaching a wide range of industries and markets.