History of 3M
Here, your future is motivated by their past.
In Northern Minnesota, under the name Minnesota Mining and Manufacturing Company, 3M got its beginnings as a small-scale mining operation more than a century ago. Their products, which are now a global powerhouse, enhance people's daily lives everywhere.
Yet it took them a while before our success and longevity became clear. They made an effort. They fell short. They made a novel attempt. Recurring cycle. Their forefathers were driven by innovation and tenacity, and 3M employees are still driven by it today.
Starting Little and Becoming Fortune 500
Their company's five founders' single objective when 3M was founded in 1902 was to dig for corundum, a mineral that is perfect for creating sandpaper and grinding wheels. It turned out that what they had believed to be corundum was actually anorthosite, a low-grade mineral.
Their startup company might have folded sooner after learning about the low-quality mineral, but their founders persisted. Why? Because the spirit of creativity and collaboration that now serves as the cornerstone of 3M was born that first year, which is more significant. So instead of giving up, they looked at alternative materials, used them in other products, won the confidence of significant investors, and gradually increased sales.
Over the years, advancements in science, technology, and marketing led to successive successes, making 3M a dependable brand on the Fortune 500 list. Nowadays, homes, businesses, schools, hospitals, and other industries use more than 60,000 3M products. Thanks to the discoveries made by the tens of thousands of researchers and scientists they employ worldwide, one third of their revenues originate from items created within the last five years.
They are dedicated to developing the technology and solutions that progress every business, enhance every home, and better every life. They have corporate operations in 70 countries and sales in 200.
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