PFAS have become a liability and could cost the company $30 billion, according to a report.
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MDM looks at third-quarter 2022 earnings reports from Graybar, 3M, Pentair, SKF, Kimberly-Clark and Simpson Manufacturing.
The Verify platform aims to help consumers, distributors, employees and the general public avoid buying counterfeit 3M products.
It's the third consolidation center for 3M, with other locations in California and Illinois.
The lawsuits accuse 3M and a subsidiary of selling faulty combat earplugs that damaged the hearing of veterans who used them.
An expert says lawsuits filed by veterans who blame hearing issues on defective earplugs could bankrupt the company, but 3M calls the interpretation ‘flawed speculation,’ according to Bloomberg.
It could take until the end of 2023 to complete, after which 3M will retain a 19.9% stake.
State officials signal approval as the multinational company says it will add 600 new jobs at its plant in Clinton, Tennessee, by 2025.
Each of 3M’s divisions had strong showings in the third quarter of 2021, with safety and industrial sales up 7.2% over 2020.
All divisions at the company posted a strong quarter, with safety and industrial sales growing 22.4% in the period.
Increase in revenues led by 3M’s Safety and Industrial division where total sales were up by 13.7%.
Though revenue was flat, the diversified manufacturer posted double-digit profit growth in a year dominated by COVID-19 and pandemic-related product sales.
3M reports that sales increased 9% in the Americas and 10% in EMEA (Europe, Middle East and Africa) last month as the company continued its post-pandemic momentum.
3M reports that sales increased 2% in the Americas and EMEA (Europe, Middle East and Africa) last month as the company continued its post-pandemic momentum.
Health care sales were strong with 25.5% growth, while safety and industrial group sales of $3 billion were up 6.9%.
3M reports that sales increased 4% in the Americas and 7% in EMEA (Europe, Middle East and Africa) last month as the company continued its post-pandemic momentum.
August has brought some more good news to the U.S. economy in general and distribution in general based on the latest round of data reports showing continued momentum, but the industry has plenty of work yet to complete.
Sales increase 10% in the Americas as 3M appears to have turned a corner related to uncertainty surrounding the COVID-19 pandemic.
Jeffrey R. Lavers has been appointed executive vice president, Consumer Business Group, replacing Paul Keel.
U.S. sales decrease 22 percent as company continues to deal with uncertainty surrounding the COVID-19 pandemic.
