Welcome to our dedicated page for 3M news (Ticker: MMM), a resource for investors and traders seeking the latest updates and insights on 3M stock.
3M Company reports recurring developments across its science-based industrial, transportation and electronics, and consumer businesses. Company updates commonly cover quarterly results, guidance, margins, cash flow, portfolio reshaping, transformation costs, PFAS and litigation-related items, and capital-structure activity.
News also includes product and capacity updates tied to 3M technologies and brands, including 3M Expanded Beam Optical interconnect solutions for data centers and Scotch-Brite consumer cleaning products. Other recurring themes include investor events, board and leadership appointments, government affairs, and manufacturing investments linked to the company's global operations.
3M has launched the 3M™ WorkTunes™ Connect + Solar Hearing Protector, the first solar charging wireless Bluetooth hearing protector in the consumer market. This innovative headset uses Powerfoyle™ flexible solar cell technology, allowing continuous charging with both indoor and outdoor light for all-day protection, comfort, and entertainment.
Key features include:
- Noise Reduction Rating (NRR) of 26 dB
- Built-in microphone for easy phone calls
- Intelligent background-noise reduction
- Water and sweat-resistant design
- Conformable ear cushions for comfort
The product is available on Amazon.com for $169.99, targeting DIYers, hobbyists, and professionals seeking hearing protection with enhanced entertainment and communication features.
3M has launched a new docuseries called 'Green Works' to highlight the importance of green jobs in combating climate change. The series features five individuals working in various sectors of the green economy, including renewable energy, electric vehicles, climate education, reforestation, and sustainable fashion.
The docuseries aligns with findings from 3M's State of Science Insights study, which revealed that 75% of people believe green jobs are important for addressing climate change. To support the green transition, 3M is partnering with Work on Climate, a nonprofit organization that helps professionals find green jobs and offers resources for career development in the sustainability sector.
Additionally, 3M is promoting Climate Action Pathways for Schools (CAPS), a program that empowers students to work on paid sustainability projects, preparing them for green careers while driving immediate change in their communities. The company encourages students, teachers, and the general public to explore resources for green career development and learn about the future landscape of green jobs.
3M has launched the second season of 'Clash of the Grinders', a video series featuring a metalworking and welding competition. The event, held in Minneapolis this summer, brought together 12 contestants from welding schools across the United States to compete for a $15,000 grand prize. The series, consisting of eight episodes, will air weekly through November 12 on YouTube.
This season focuses on the personal stories of competitors, showcasing their skills and introducing them to top 3M™ Cubitron™ 3 and Scotch-Brite™ abrasives. The competition aims to raise awareness of welding and skilled trades as rewarding career paths, addressing the current shortage of over 400,000 welders in the U.S. The event was supported by partnerships with 3M Gives, National Coalition of Certification Centers, Weld.com, Linde, and guest host Nate Bowman.
3M premieres 'Green Works', a global docuseries spotlighting individuals in green jobs addressing climate challenges. The film, debuting at the 2024 Fast Company Innovation Festival, features five professionals from diverse backgrounds working in renewable energy, electric vehicles, climate education, reforestation, and sustainable fashion. 3M aims to raise awareness about opportunities in the green economy and inspire more professionals to join the effort.
The company is collaborating with Work on Climate to provide resources for professionals interested in green careers. 3Mgives is funding various organizations globally to support green career development. During New York Climate Week, 3M will emphasize the need to accelerate the green jobs transition through a film screening and panel discussion at The Nest Climate Campus on September 24, 2024.
3M's innovative Passive Radiative Cooling Film played a important role in a record-setting solar-powered car journey across the US. The film, which reflects solar energy and radiates heat back into the sky, was applied to select spots on the vehicle 'Sunstrider', significantly cooling the driver's cockpit. The four-man team from Michigan completed the coast-to-coast route in 13 days, 15 hours and 19 minutes, setting a new record for solar vehicles.
Beyond this achievement, 3M is exploring applications for the film in various settings, including warehouses, data centers, and public spaces. Researchers at Arizona State University are partnering with Phoenix to validate the film's impact on cooling public areas. The technology has also shown promise in reducing refrigeration costs when applied to a Minneapolis grocery store roof.
3M celebrates the 10-year anniversary of its 3M Xtract™ Cubitron™ II Film Disc 775L, hailed as the best sanding disc ever made by the company. This innovative product has revolutionized metalworking applications with its exceptional performance and durability. The disc features advanced technology, including 3M Precision-Shaped Grain, which delivers industry-leading cut rates and allows for virtually dust-free sanding.
Designed for maximum productivity and longevity, the 775L has consistently outperformed competitors and become the preferred choice for professionals worldwide. Its unique blend of cutting-edge technology and precision engineering ensures superior results with minimal effort. As 3M marks this milestone, they acknowledge the disc's impact on sanding productivity levels and express gratitude to customers and partners who have made it their go-to solution for a decade.
3M has announced a significant milestone: the production and sale of over 300 million Friction Shims worldwide. These small, thin steel shims with embedded diamond particles are designed to increase friction coefficients in torsional and static joints, particularly in demanding applications such as automotive, wind energy, and aerospace. The shims can increase maximum load and peak torque in bolted connections without additional fasteners or redesigns.
3M Friction Shims are especially valuable in the electric vehicle market, where heavy lithium-ion battery packs and higher torque put increased strain on critical chassis and battery mount joints. The shims can achieve a coefficient of static friction up to five times greater than conventional bolted connections, allowing for lightweight, compact designs and optimized multi-material structures.
3M (NYSE: MMM) has announced an upcoming investor event. Bill Brown, the company's Chief Executive Officer, is scheduled to speak at the Morgan Stanley 12th Annual Laguna Conference on Thursday, September 12, 2024, at 7:00 a.m. PT.
The event will be webcast live, and a replay will be available on 3M's Investor Relations website at http://investors.3M.com. This presentation provides an opportunity for investors and analysts to gain insights into 3M's current strategies and future prospects directly from the CEO.
3M emphasizes the importance of green jobs as Earth Overshoot Day falls on August 1, 2024. With natural resources dwindling, 3M's Chief Sustainability Officer, Gayle Schueller, highlights the critical role of green jobs in addressing climate change. The company promotes sustainability through:
1. Encouraging every employee to view their job as a green job
2. Advancing decarbonization, energy efficiency, and sustainable infrastructure
3. Promoting digitalization and sustainable manufacturing
4. Engaging communities to spread awareness about green skills
3M's initiatives aim to combat global uncertainty around STEM career paths and inspire action towards a more sustainable future. The company leverages its position as a global materials science leader to promote opportunities in STEM and skilled trades.
Heman Bekele, winner of 3M's Young Scientist Challenge in 2023, has been named TIME's 2024 Kid of the Year. Heman invented a soap that could potentially treat and prevent skin cancer, the most common cancer in the United States with an annual treatment cost of $8.1 billion. His invention aims to provide an affordable solution to this widespread health issue.
Heman's mentor, 3M engineer Deboarh Isabelle, praised his intelligence, compassion, and potential to make a positive impact. This marks the second time a 3M Young Scientist Challenge winner has received this honor, following Gitanjali Rao in 2020.
The 2024 3M Young Scientist Challenge finalists have been announced, with the competition's final event scheduled for October 14-15, 2024, at the 3M Innovation Center in St. Paul, Minnesota. The winner will receive a $25,000 grand prize and the title of "America's Top Young Scientist."