3M to Increase R&D Spending

It is no mistake that 3M is one of the most successful American-born companies. Formerly known as the Minnesota Mining and Manufacturing Company, 3M now employs 88,000 people worldwide with about $30 billion in annual sales.  The manufacturing giant makes more than 55,000 products such as adhesives, laminates, medical supplies, car accessories & cleaning supplies, and optical films. 3M is responsible for game-changing products: waterproof sandpaper, masking tape, Post-It Notes ©, Scotch© Tape, and more. It’s one of the 30 companies included in the Dow Jones Industrial Average and number 97 on the Fortune 500 list.

We are proud to work with such a successful company with such humble American roots.  3M is a supplier of CGR Products and the partnership enables us to provide the best possible products and services. But it’s not just 3M’s past that makes it a great company: 3M is constantly innovating and researching new ways to come up with newer and better products. Each year, they spend billions on research and development to redesign existing products and invent brand new ones. In 2010, 3M reformulated Scotchgard to eliminate the use of perfluorochemicals and make it safer for the environment. Current CEO Inge Thulin plans to increase R&D spending to increase organic growth and focus on new and more profitable business ventures such as products for the renewable energy arena. New products from 3M could mean more for CGR Products and our customers, too!


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