Canadian Finishing and Coatings Manufacturing

 November 15th, 2021

CFCM 3M Logo 4003M reported increased sales in all the company’s business segments. 3M recently reported its results for the third quarter of 2021, including a 7.1 percent increase in total sales (to $8.9 billion), compared to the 2020 third quarter. Organic local-currency sales increased 6.3 percent; foreign currency translation increased sales by 0.8 percent year on year.

Total sales grew 8.1 percent in the company’s Consumer segment, 7.2 percent in Safety and Industrial, 5.8 percent in Transportation and Electronics, and 4.1 percent in Health Care. Organic local-currency sales increased 7.6 percent in Consumer, 6.1 percent in Safety and Industrial, 5.1 percent in Transportation and Electronics, and 3.3 percent in Health Care.

“In the face of continued global challenges, the 3M team executed well and delivered broad-based organic growth, along with strong margins and cash flow,” said Mike Roman, chairman and CEO. “Overall, end-market demand remained strong, and we navigated supply chain disruptions by maintaining a relentless focus on serving and innovating for our customers. Moving ahead, we will continue to invest for the future by investing in strong demand areas aligned with global trends, while improving our operational performance, driving productivity and advancing sustainability.”

On a geographic basis, total sales grew 7.9 percent in the Americas, 6.8 percent in Asia Pacific, and 5.2 percent in EMEA (Europe, Middle East and Africa). Organic local-currency sales grew 7.4 percent in the Americas, 5.6 percent in Asia Pacific, and 4.2 percent in EMEA.

For more information, visit: www.3m.com.

 

 

Product News

  • Prev
Solvay has developed Reactsurf 0092, an alkylphenol ethoxylates-free (APE) and non-ionic reactive ...
IGL Coatings recently launched Ecoclear Aegis. The newly launched product is a graphene reinforced ...
Evonik recently launched a new heat-stable hardener that ensures coatings cure at room ...
AkzoNobel recently launched its latest product: a wash and wear anti-viral interior ...
WAGNER completes the product family of airspray guns with a gravity cup gun that enables coating ...
The all-new, fully digital coatmaster Flex from coatmaster AG offers real-time, non-contact coating ...
The ROSS VersaMix Multi-Shaft Mixers with Solids/Liquid Injection Manifold (SLIM) ...
Evonik's Coating Additives Business Line is expanding its ACEMATT product line with three matting ...
Clariant recently unveiled two reactive emulsifiers for polymeric binders to help paint ...
Covestro recently announced the launch of Decovery SP-8310: a 37 percent bio-based, ...

PPG Receives EPA Registration for COPPER ARMOR Paint Powered by Corning Guardiant Technology

PPG Copper Armour Paint

PPG announced that the company has received U.S. Environmental Protection Agency (EPA) registration for its PPG COPPER ARMOR antimicrobial paint containing Corning Guardiant technology, proven to kill 99.9% of bacteria and viruses on the painted surface, including SARS-CoV-2, in two hours.

The Copper Armor product’s efficacy was measured using tests that simulate real-world contamination that are mandated by the EPA for products making claims against harmful pathogens. Following this registration, PPG will begin selling the product in late 2021 through U.S. PPG PAINTS stores, independent retailers and select home improvement stores.

Read More

Wilkinson Media Ltd.

538 Elizabeth Street, Midland,Ontario, Canada L4R2A3 +1 705 527 7666
©2021 All rights reserved

Use of this Site constitutes acceptance of our Privacy Policy (effective 1.1.2016)
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Kerrwil