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3m In The New Millennium

INTRODUCTION

Founded in 1902, the Minnesota Mining & Manufacturing Corporation (3M) when five businessmen agreed to mine a mineral deposit for grinding-wheel abrasives. Early technical and marketing innovations began to produce successes and, in 1916, the company paid its first dividend of 6 cents a share. Early innovations include:
• The world's first waterproof sandpaper, which reduced airborne dusts during automotive manufacturing, was developed in the early 1920s.
• Richard G. Drew, a young lab assistant, invented masking tape in 1925 - the first step toward diversification and the first of many Scotch tapes.
• In the 1950s, 3M introduced the Thermo-Fax™ copying process, Scotchguard™ Fabric Protector, videotape, and Scotch-Brite® Cleaning Pads (3M India).
3M has identified 21 established and new strategic brands. Some of its best-known brands are Scotch tapes, Scotch-Brite cleaning products, and Post-it notes. Newer brands include Thinsulate products,......


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Approximate Word Count: 1613
Approximate Pages: 7 (250 words per double-spaced page)

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