Professional Documents
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offering proven customers benefits led to 3M India being born in 1988 as Birla 3M Limited. The name
of the company was subsequently changed to 3M India Limited in Dec 2002.
The 3M technology solutions expertise has been tried and tested for performance, safety, value &
productivity in markets that include Aerospace, Railways, Highways, Defense, Security, Mining,
Health, Oil & Gas, Telecom and Marine in India and across the globe.
3M's wide product portfolio is backed by the guarantee of innovation and performance that has made
3M popular with millions all over the world. Today, 3M has over a 100 year track record of being one
of the most innovative corporations worldwide. Fact is, half the world's population today enjoys
experiencing at least one of 3M's 50,000 products, either directly or indirectly, every day. So when
you choose 3M, you can rest assured that you have chosen a company that pursues international
standards of quality, reliability and consistency in every product & service detail, providing customer
value like never before.
3M in India has manufacturing facilities at Bangalore, Ahmedabad, Pune & Pondicherry with more than
1600 employees. For the period Jan'09 to Dec'09, 3M India posted a net sales of Rs. 8257 million with
net profits of Rs 650 million. Over the past years, 3M India has built an exhaustive list of satisfied
customers and a reputation for unmatched quality with over 6000 diverse products serving the
following markets:
Industrial
Transportation
Healthcare
History
At a Glance
3M was founded in 1902 in the Lake Superior town of Two Harbors, Minn.
Five businessmen set out to mine a mineral deposit for grinding-wheel
abrasives. But the deposits proved to be of little value, and the new
Minnesota Mining and Manufacturing Co. quickly moved to nearby Duluth in
1905 to focus on sandpaper products.
Years of struggle ensued until the company could master quality production
and supply chain. New investors were attracted to 3M, such as Lucius
Ordway, who moved the company to St. Paul in 1910. Early technical and
marketing innovations began to produce successes and, in 1916, the
company paid its first dividend of 6 cents a share
The world's first waterproof sandpaper, which reduced airborne dusts during
automotive manufacturing, was developed in the early 1920s.
A second major milestone occurred in 1925 when Richard G. Drew, a young lab
assistant, invented masking tape - an innovative step toward diversification and the first of
many Scotch brand pressure-sensitive tapes.
In the following years technical progress resulted in Scotch® Cellophane Tape for box
sealing and soon hundreds of practical uses were discovered..
In the early 1940s, 3M was diverted into defence materials for World War II, which was
followed by new ventures, such as Scotchlite™ Reflective Sheeting for highway markings,
magnetic sound recording tape, filament adhesive tape, and the start of 3M's involvement in
the graphic arts with offset printing plates.
In the 1950s, 3M introduced the Thermo-Fax™ copying process, Scotchgard™ Fabric
Protector, videotape, Scotch-Brite® Cleaning Pads and several new electro-mechanical
products.
Dry-silver microfilm was introduced was introduced in the 1960s, along with
photographic products, carbonless papers, overhead projection systems and a rapidly
growing health care business of medical and dental products.
Markets further expanded in the 1970s and 1980s into pharmaceuticals, radiology,
energy control.
In 1980, 3M introduced Post-it® Notes, which created a whole new category in the
marketplace and changed people's communication and organization behavior forever.
In the 1990s sales reached the $15 billion mark. 3M continued to develop an array of
innovative products, including immune response modifier pharmaceuticals; brightness
enhancement films for electronic displays; and flexible circuits used in inkjet printers, cell
phones and other electronic devices.
In 2004, sales topped $20 billion for the first time, with innovative new products
contributing significantly to growth. Recent innovations include Post-it® Super Sticky
Notes, Scotch® Transparent Duct Tape, optical films for LCD televisions, and a new family
of Scotch-Brite® cleaning products that give consumers the right scrubbing power for a host
of cleaning jobs.
Who We Are
3M is fundamentally a science-based company. We produce thousands of
imaginative products, and we're a leader in scores of markets - from health
care and highway safety to office products and abrasives and adhesives. Our
success begins with our ability to apply our technologies - often in
combination - to an endless array of real-world customer needs. Of course,
all of this is made possible by the people of 3M and their singular
commitment to make life easier and better for people around the world.
Our Values
Act with uncompromising honesty and integrity in everything we do.
Satisfy our customers with innovative technology and superior quality, value and service.
Provide our investors an attractive return through sustainable, global growth.
Respect our social and physical environment around the world.
Value and develop our employees' diverse talents, initiative and leadership.
Earn the admiration of all those associated with 3M worldwide.
3M at a Glance (Year-end 2009)
Global sales: $23 billion.
International (non-US) sales: $14.6 billion (63 per cent of company's total).
Operations in more than 65 countries.
3M products sold in nearly 200 countries.
75,000 employees globally.
3M Facts 2009 (pdf 28k)
3M Businesses
3M Leadership
Of all the pathways to growth, investing in our people is most important.
The premise is simple - if your people grow, your company will grow. The key: linking growth in
individuals to those things that unlock energy and activities that our customers value.
Clearly, 3M's first chairman of the board, William L. McKnight, was a unique leader and 3M has had
outstanding leaders at all levels of the company ever since.
Careers
3M's success is delivered day in and day out by its people. For more than a hundred years the ideas
and determination of talented individuals have ensured continuous growth so that today we are a $23
billion global business with more than 75,000 employees.
Why not join us? We are an open and exciting company where every person has the chance to use
their energy, creativity and skills to make a real contribution. Working at the leading edge of
innovation means people are stretched constantly and are focused on delivery of individual and team
targets. The reward for you is a challenging, stimulating career with a range of opportunities across
seven diverse businesses - and ongoing structured development means you will grow, develop and
discover new horizons. Our success will become your success.
Leadership Development
People who join 3M and demonstrate leadership capability have access to a structured curriculum of
leadership development programmes. One example being our global, intensive three-week
Accelerated Leadership Development programme. We also have specific functional programmes, such
as the Marketing Leadership Development programme. In India we run a Leadership Development
Programme specifically for high potential managers in conjunction with DFS Consulting.
Performance Management
We believe people should understand how their contribution adds value to the business. Therefore
every individual has clear objectives, linked to team and business objectives. These are reviewed at
least every year. In addition, the Employee Contribution and Development Process (EC&DP) is a
process for measuring and shaping individual contribution and development. We also gather feedback
through surveys from employees to ensure the EC&DP is working and that people have written
personal objectives in place.
Two-way Communication
We actively promote two-way communication between employees and the company in a number of
ways, including through employee forums. One issue that has been raised through this process is
work/life balance and we are addressing this with positive action, for example through counselling and
training in stress management and flexible work timings.
If facing new challenges excites you, if you want to work for a company that is more than a 100 years
old and be part of a family that takes care of you, then 3M is the place for you. Visit our Careers
section for more information on the opportunities we have to offer and the work culture at 3M India.
Financial Information
3M is fundamentally a science-based company. We produce thousands of imaginative products, and
we're a leader in scores of markets - from health care and highway safety to office products and
abrasives and adhesives. Our success begins with our ability to apply our technologies - often in
combination - to an endless array of real-world customer needs. Of course, all of this is made possible
by the people of 3M and their singular commitment to make life easier and better for people around
the world. We leverage these competencies to create innovative solutions for our customers and to
also provide investors with attractive long-term returns.
Please visit our Investor Relations Web site for more information.
Corporate Responsibility
Corporate responsibility is now high on national and international agendas.
Yet 3M has long held the belief that reputation depends not solely on our
financial performance but also on the way we run our business. In 1975, 3M
was one of the first major manufacturing companies actively to address
environmental issues and, as with our drive for innovation, we involved
employees through our benchmark program Pollution Prevention Pays.
Vision
3M's commitment is to actively contribute to sustainable
development through environmental protection, social
responsibility and economic progress. To us, that means
meeting the needs of society today, while respecting the ability
of future generations to meet their needs.
Business Conduct
At 3M, we believe that what the company stands for is just as important as what we sell. We are
proud to have built a century-old tradition of operating with uncompromising honesty and integrity.