Introduction
3M Company is a diversified technology company with a global presence in the following areas: consumer and office; display and graphics; health care; industrial and transportation; safety, security and protection services; electro and communications. The company operates through five segments: Industrial, Safety and Graphics, Health Care, Electronics and Energy, and Consumer. 3M was founded by Henry S. Bryan, Hermon W. Cable, John Dwan, William A. McGonagle, and Dr. J. Danley Budd on June 13, 1902 in Two HarborsMinn..
3M History
3M was founded in 1902 by four Duluth, Minnesota businessmen: William L. McKnight, Herman H. Kohlsaat and brothers Robert Thomsen and Charles Landon (the latter two served as the company’s first president and vice president respectively). The name “3M” was invented by Dr. J. Robert Frosch, who was later to become the first chief chemist at the company’s St. Paul research lab.
The company’s first product line – sandpaper – sold so well that within three years 3M began selling additional sandpaper products as well as glass for automobiles mirrors, awnings for railroad cars, and more than 300 types of abrasives.[1]
3M is a diversified technology company with a global presence in the following areas: consumer and office; display and graphics; health care; industrial and transportation; safety, security and protection services; electro and communications. The company operates through five segments: Industrial, Safety and Graphics, Health Care, Electronics and Energy, and Consumer. 3M was founded by Henry S. Bryan, Hermon W. Cable, John Dwan, William A. McGonagle, and Dr. J. Danley Budd on June 13, 1902 in Two HarborsMinn.
3M was founded by Henry S. Bryan, Hermon W. Cable, John Dwan, William A. McGonagle and Dr. J. Danley Budd on June 13th 1902 in Two Harbors Minnesota as a mining company to supply abrasive products for the booming lumber industry. The company name was originally M stands for Minnesota Mining and Manufacturing Company while being opened on P is for Philip Dodds who invented sandpaper at this time period but it has been debated whether it should be “D” or “P” because Philip Dodds did not receive credit until the 1920s so in order to make sure he received recognition 3M started using both letters instead of just one.
The company’s first products included corundum (diamond) and garnet abrasives used by carpenters and woodworkers; however within a few years they expanded into other markets including carbon paper which revolutionized office work because it meant that people didn’t have to write out documents by hand anymore! This gave rise to rapid growth over many decades resulting in today’s diversified global organization serving customers around world through numerous product lines focused on innovation leadership development manufacturing excellence service quality stewardship ethics responsibility social responsibility sustainable operations social responsibility diversity community involvement customer focus mutual respect leadership accountability
Conclusion
With more than 55,000 employees around the world and sales of more than $30 billion in 2015, 3M is a leading diversified technology company based out of St. Paul, MN. We believe that innovation is driven by collaboration and that open innovation encourages these things to happen! We invite you to learn more about our business model below as well as our efforts in sustainability, philanthropy and education initiatives.
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