ADVERTISEMENT

Last Updated:
2024-05-12 08:17:57

3M

American multinational conglomerate
American multinational conglomerate
3M, formerly Minnesota Mining and Manufacturing Company, operates in various industries with over 60,000 products. It made $35.4 billion in sales in 2021 and employs around 95,000 people worldwide.
1902
Founding of Minnesota Mining and Manufacturing Company (3M)
Minnesota Mining and Manufacturing Company, known as 3M, was established in Two Harbors, MN by Dr. J. Danley Budd, Henry. S. Bryan, William A. McGonagle, John Dwan, and Hermon W. Cable.
1905
Edgar Ober Becomes President of 3M
In 1905, Edgar Ober took over as the president of 3M when the company was struggling as a sandpaper manufacturer in Duluth, with national ambitions.
1907
William L. McKnight joins 3M
In 1907, William L. McKnight joined Minnesota Mining and Manufacturing Co. as an assistant bookkeeper, eventually becoming the future President and Chairman of the Board. McKnight is renowned for shaping 3M's culture of innovation and collaboration.
1908
Establishment of new headquarters office in St. Paul, MN
A new headquarters office was set up in St. Paul, MN, further solidifying the company's presence in the region.
1910
3M Moves to St. Paul, MN
In 1910, 3M relocated to St. Paul, Minnesota, where major investor Lucius Ordway set up the first plant. This move facilitated the company's rapid expansion due to its more central location.
1914
Introduction of 3M Three-M-ite Abrasive Cloth
The 3M Three-M-ite Abrasive Cloth was launched as the first exclusive product by 3M.
1916
William L. McKnight Joins 3M
William L. McKnight was hired by 3M in 1907 and later became a highly influential figure in the company's history.
1920
3M™ Created Waterproof Sandpaper
In 1920, 3M™ developed the world's first waterproof sandpaper, which gained popularity in automobile manufacturing for reducing airborne particles during sanding.
1921
3M™ Wetordry™ Waterproof Sandpaper Patent
In 1921, 3M patented and introduced the world’s first water-resistant coated abrasive, 3M™ Wetordry™ Waterproof Sandpaper. This innovation allowed automobile manufacturers to use the product with water to reduce dust and friction on auto finishes, improving working conditions for employees.
1924
3M obtains its first patent
In 1924, 3M obtained its first patent, marking a significant milestone in the company's history.
1925
Invention of Masking Tape by Richard Drew
Richard Drew, a 3M lab assistant, invented Masking Tape after observing painters facing difficulties in masking car parts.
1929
3M Becomes a Multinational Corporation
In 1929, the 3M Company registered with the Minnesota Secretary of State as a foreign business corporation, signifying its transformation into a multinational conglomerate corporation.
1930
Scotch Cellophane Tape Launched
In 1930, Scotch Cellophane Tape was launched, further expanding 3M's tape product line. This product launch contributed to the company's growing emphasis on product diversity during the 1930s.
1937
Invention of Scotch® brand tape
Richard Drew, a 3M lab assistant, noticed painters struggling to mask car parts while testing abrasive samples at a body shop. His observation led to the creation of the Scotch® brand tape product.
1938
Introduction of 3M™ Scotchlite™ Reflective Sheeting
3M™ Scotchlite™ Reflective Sheeting was commercially introduced in 1938.
1939
First Traffic Sign with 3M™ Scotchlite™ Reflective Sheeting
The first traffic sign featuring 3M™ Scotchlite™ Reflective Sheeting was erected in Minneapolis in 1939.
1940
3M Products Contribution to World War II
In the early 1940s, 3M's efforts were focused on applying their products to defense materials for World War II.
1946
3M Listed on NYSE
3M stock was listed for the first time on the New York Stock Exchange in 1946.
1947
Sandblast Stencil Etching
In 1947, 3M introduced sandblast stencils as a product that simplified stone carving techniques.
1948
3M™ Sound Recording Tape Revolution
In 1948, 3M™ Sound Recording Tape revolutionized the entertainment industry by enabling consumers to record and playback music and voice recordings at a later time.
1950
Introduction of 3M™ Thermo-Fax™ Copier
The introduction of 3M™ Thermo-Fax™ Copier in 1950 transformed office productivity by allowing the creation of duplicate copies.
1951
3M International Expansion
In 1951, 3M established its International Division and expanded its operations to Australia, Brazil, Canada, France, Germany, Mexico, and the United Kingdom.
1954
RCA's Use of Scotch® Magnetic Tape for Recording Television Programs
In 1954, RCA utilized Scotch® Magnetic Tape by 3M to record television programs for the first time, marking a significant milestone in the entertainment industry.
1955
Completion of Building 47
In 1955, Building 47 was completed, becoming the world's largest abrasives plant for 3M, marking a significant milestone in the company's history.
1956
Introduction of Scotchgard™ Fabric and Upholstery Protector
In 1956, 3M introduced Scotchgard™ Fabric and Upholstery Protector to the textile industry, providing a new level of protection for fabrics.
1957
Diversification of Tape Product Line with Scotch® Double-Coated Tape
In 1957, 3M diversified its tape product line by introducing Scotch® Double-Coated Tape, enhancing sticking power for various applications.
1958
Expansion of 3M Saint Paul Office and Plant
By 1958, the 3M campus in Saint Paul had grown to its largest size with over 40 buildings dedicated to various functions like research, development, manufacturing, and marketing.
1960
Introduction of 3M Micropore Surgical Tape
In 1960, 3M introduced the Micropore Surgical Tape, which was the first hypoallergenic tape and played a significant role in the success of 3M's healthcare business.
1961
Introduction of Scotch® Magic™ Tape
3M introduced Scotch® Magic™ Tape, a matte-finish tape that was virtually invisible on light-colored paper and envelopes, allowing users to write on it with pen, pencil, or marker.
1962
Completion of First Office Building at 3M Center
The first office building was completed at the 3M Center in Maplewood, MN, establishing the company's new global headquarters, where it remains today.
1963
Debut of Tartan™ Turf
Tartan™ Turf, the first synthetic grass surface, made its debut, marking a futuristic approach to sports fields.
1967
Opening of 3M's Springfield, Missouri Plant
3M's Springfield, Missouri plant opened in 1967 and specializes in producing industrial adhesives and tapes for aerospace manufacturers.
1968
Launch of 3M’s Color-in-Color Copying System
3M introduced the Color-in-Color copying system that produced full-color copies in just one minute, revolutionizing the copying industry. It was later released to consumer markets.
1969
3M products used in first moon landing
3M products, including 3M™ Fluorel™ Elastomer, a synthetic rubber, were utilized by astronauts during the first moon landing. The elastomer was specifically used in the astronaut's boots worn inside the space capsule.
1970
Opening of 3M Manufacturing Plant in Columbia, Missouri
3M has operated a manufacturing plant in Columbia, Missouri since 1970, producing electronic components, solar and touchscreen films, and stethoscopes.
1971
Inauguration of 3M Plant in Brookings, South Dakota
3M opened the Brookings, South Dakota plant in 1971, focusing on health care products. It announced a $70 million expansion in 2014.
1972
Development of N95 Respirator Mask by 3M
The N95 respirator mask was developed by 3M and approved in 1972. It became crucial during the COVID-19 pandemic due to its ability to filter viral particulates, leading to supply shortages.
1973
Carpool Commuting Program by 3M
3M establishes the first van-pooling program in the United States in Maplewood, MN, which later expanded to other states. Over 22 years, the program successfully reduced more than 58 million vehicle miles.
1975
3M Launches Pollution Prevention Pays Program
In 1975, 3M introduced the Pollution Prevention Pays program, enabling employees to lead the company's sustainability initiatives. The program has successfully eliminated over a billion pounds of pollution and saved billions in costs.
1976
3M joins Dow Jones Industrial Average
3M becomes a part of the Dow Jones Industrial Average, gaining recognition in the stock market.
1977
3M Launches 'Press 'n Peel'
In 1977, 3M launched 'Press 'n Peel', a sticky bookmark page holder that later evolved into the iconic 'Post-Its' product.
1978
Seeing Red
In 1978, the blue 3M logo was replaced with a new, rounded logo in a specially formulated color known as 3M Red.
1979
Helping People Stay Toasty Warm
In 1979, 3M™ Thinsulate™ Thermal Insulation was introduced, with over 30 clothing manufacturers immediately adopting this product to keep people warm.
1980
Something to Post About
In 1980, 3M introduced Post-it® Notes, revolutionizing communication and organization behavior with a new product category in the market.
1983
Oakdale Dump listed as an EPA Superfund site
In 1983, the Oakdale Dump in Oakdale, Minnesota, where 3M dumped waste, was listed as an EPA Superfund site due to groundwater and soil contamination.
1984
International Expansion to China
In 1984, 3M became the first wholly-owned, foreign-invested enterprise in China, marking a significant milestone in its international expansion.
1990
Expansion of Post-it® Note product line
In 1990, the Post-it® Note product line expanded from yellow to include four new colors, broadening the range of options available to consumers.
1994
Launch of Nexcare™ Active™ Strips Flexible Foam Bandages
Nexcare™ Active™ Strips Flexible Foam Bandages made their debut in 1994, offering extra sticking power to perspiring skin with water-resistant adhesive, catering to active individuals.
1995
3M launches its first website
In 1995, 3M launched its first website, providing customers with access to a wealth of information on 3M programs, products, and technologies, marking the company's online presence.
1996
Introduction of neon colors for Post-it® Notes
Six years after the expansion of colors, neon colors were introduced to the Post-it® Note product line, adding a vibrant and eye-catching option for users.
1997
Introduction of Scotch® Pop-Up Tape Strips and Dispensers
In 1997, Scotch® introduced Pop-Up Tape Strips and Dispensers, providing customers with pre-cut tape pieces for a hands-free gift wrapping experience.
1999
3M announces phase-out of PFOS production
In 1999, 3M announced the phase-out of perfluorooctanesulfonic acid (PFOS) production, a significant move in response to environmental concerns.
2002
Centennial Name Change to 3M Company
In 2002, as 3M celebrated its centennial anniversary, the legal name was changed to '3M Company' from the original 'Minnesota Mining and Manufacturing Company'.
2004
Milestone Sales
In 2004, 3M achieved a significant milestone with sales exceeding $20 billion, driven by the success of new products like Post-it® Super Sticky Notes, Scotch® Transparent Duct Tape, and Scotch-Brite® Cleaning Products.
2006
3M Divests Pharmaceutical Unit
In 2006, 3M divested its pharmaceutical unit through three deals, generating over US$2 billion in revenue.
2007
Opening of 3M's Seventh Plant in Shanghai
In 2007, 3M opened its seventh plant in Shanghai, which was the first dedicated to health care product production.
2008
Development of Ultra-Compact LED-Illuminated Projection Engine
Scientists created a revolutionary ultra-compact LED-illuminated projection engine for personal electronic devices. This innovation was integrated into products like the 3M Micro Professional Mpro 110 projector, leading to advancements in projection technology.
2010
Minnesota sues 3M for PFC contamination
In late 2010, the state of Minnesota sued 3M for $5 billion in punitive damages due to the release of PFCs into local waterways, classified as toxic by the EPA.
2011
Groundbreaking for 3M's Ninth Manufacturing Facility in Hefei
3M initiated the construction of its ninth manufacturing facility in Hefei in 2011, focusing on the production of photovoltaics and other renewable energy products.
2012-01-03
Acquisition of Avery Dennison's Office and Consumer Products Division
3M purchased the Office and Consumer Products Division of Avery Dennison for $550 million, but later canceled the transaction in September 2012 due to antitrust concerns.
2013-05
Sale of Scientific Anglers and Ross Reels to Orvis
3M sold Scientific Anglers and Ross Reels to Orvis in May 2013. Ross Reels had been acquired by 3M in 2010.
2014
Milestone: 100,000th Patent Issued by 3M
In 2014, 3M achieved a significant milestone by receiving its 100,000th patent, showcasing its dedication to innovation with a steady flow of patents granted annually.
2015
Sweet 16
In 2015, 3M was recognized for its sustainability efforts by being named to the Dow Jones Sustainability Index for the 16th consecutive year.
2016-03
Completion of 3M's Research and Development Building
In March 2016, 3M completed a 400,000-square-foot research-and-development building on its Maplewood campus to enhance collaboration among 700 scientists from various divisions.
2017-03
Purchase of Scott Safety from Johnson Controls International Plc
3M acquired Johnson Controls International Plc's safety gear business, Scott Safety, for $2 billion in March 2017.
2018-05-25
Appointment of Michael F. Roman as CEO
Michael F. Roman was appointed CEO of 3M on May 25, 2018.
2018-12-19
Acquisition of M*Modal's technology business
3M announced the acquisition of M*Modal's technology business for $1.0 billion on December 19, 2018.
2019-10
Acquisition of Acelity and KCI subsidiaries
In October 2019, 3M purchased Acelity and its KCI subsidiaries for $6.7 billion.
2020-05-01
Divestment of drug delivery business
On May 1, 2020, 3M divested its drug delivery business to Altaris Capital Partners, LLC for approximately $650 million.
2020-12-31
3M reports CO2 emissions and sets reduction goals
In December 2020, 3M reported its CO2 emissions and plans to reduce emissions by 50% by 2030 and achieve carbon neutrality by 2050.
2021-12
Merger with Neogen's food-safety business
3M announced the merger of its food-safety business with Neogen in December 2021, with an enterprise value of about $5.3 billion.
2022-07
Spin-off of healthcare assets
In July 2022, 3M announced the spin-off of its healthcare assets to form a new independent firm, retaining a 19.9% ownership stake.
2022-12
Decision to stop producing forever chemicals
In December 2022, 3M announced plans to halt the production and use of forever chemicals due to environmental and health concerns.
2023-08
3M settles lawsuits related to defective earplugs
In August 2023, 3M settled close to 260,000 lawsuits by agreeing to pay $6 billion to affected U.S. military members due to defective earplugs.
2024-03-12
Appointment of William 'Bill' Brown as CEO
On March 12, 2024, William 'Bill' Brown was appointed as the new CEO of 3M, succeeding Michael F. Roman.
End of the Timeline
3M

Information

3M

American multinational conglomerate
Last Updated:

Event

Last Updated: