Finc 235
3M, Inc.
Professor Scalzo
3M, Inc. was founded in 1902 at 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 to focus on sandpaper products. The five industrious and tenacious northern Minnesota businessmen with diverse occupations founded 3M. They financed the company to mine mineral for grinding wheel abrasives. Like many others in the early 1900s, 3M's founders incorporated first and investigated later (3M Company History). The company had many struggles throughout its journey, but also had many great strides along the way. In 1920, they created the world’s first waterproof sand paper, in the early 1940s, 3M was diverted into defense materials for World War II which was something the company was not used to be involved in (3M Company History). One of 3M’s most famous things they are known for are the post-it notes and they were introduced in the 1980’s. In the 1990s, sales reached the $15 billion mark, while this 3M continued to develop an array of innovative products, in 2004, sales topped $20 billion for the first time, with innovative new products contributing significantly to growth (3M Company History). 3M, is doing their part for the environment, by reducing greenhouse gas (GHG) emissions has been a longtime priority. 3M has cut worldwide, absolute greenhouse gas emissions 72% from 1990 - 2011. One of 3M’s carbon footprints is to Consuming energy generated by fossil fuels creates GHGs. They have worked hard to use less energy, their efforts date to 1973, when they formed their Energy Management Department. Since then, 3M has cut energy consumption indexed to net sales in the U.S. operations by 82%. Also they cut our worldwide energy use indexed to net sales 49% between 2000 and 2012 (3M
Professor Scalzo
3M, Inc. was founded in 1902 at 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 to focus on sandpaper products. The five industrious and tenacious northern Minnesota businessmen with diverse occupations founded 3M. They financed the company to mine mineral for grinding wheel abrasives. Like many others in the early 1900s, 3M's founders incorporated first and investigated later (3M Company History). The company had many struggles throughout its journey, but also had many great strides along the way. In 1920, they created the world’s first waterproof sand paper, in the early 1940s, 3M was diverted into defense materials for World War II which was something the company was not used to be involved in (3M Company History). One of 3M’s most famous things they are known for are the post-it notes and they were introduced in the 1980’s. In the 1990s, sales reached the $15 billion mark, while this 3M continued to develop an array of innovative products, in 2004, sales topped $20 billion for the first time, with innovative new products contributing significantly to growth (3M Company History). 3M, is doing their part for the environment, by reducing greenhouse gas (GHG) emissions has been a longtime priority. 3M has cut worldwide, absolute greenhouse gas emissions 72% from 1990 - 2011. One of 3M’s carbon footprints is to Consuming energy generated by fossil fuels creates GHGs. They have worked hard to use less energy, their efforts date to 1973, when they formed their Energy Management Department. Since then, 3M has cut energy consumption indexed to net sales in the U.S. operations by 82%. Also they cut our worldwide energy use indexed to net sales 49% between 2000 and 2012 (3M