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3M COMPANY (MMM)
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3M : Drives Global Design Scale with Announcement of 3M : Design Center in Japan

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10/05/2017 | 06:01am CEST

An Inspirational Design Hub Empowering Collaborative Creativity

3M, the global innovation company long recognized for diversified technology and collaboration, announced the opening of a new 3M Design Center in Japan, a hub to accelerate the growth of design across the global enterprise. Aligned with 3M Design’s mission around collaborative creativity, the new studio will house a growing team of designers with diverse professional backgrounds, design capabilities and customer experience.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171004006464/en/

3M Design Center - Japan. (Photo: Business Wire)

3M Design Center - Japan. (Photo: Business Wire)

“It’s exciting to expand and grow 3M Design across the globe – providing a center of design that enables and stimulates creativity is critical to continued growth in Asia,” said Eric Quint, chief design officer at 3M. “Cross-functional collaboration with colleagues, customers and partners delivers strong design value for our customers and a strategic platform to differentiate 3M.”

Located in 3M Japan in Tokyo, this design center incorporates new combinations of 3M materials and technologies, such as DI-NOC™, Fasara™ and Scotchcal™, to inspire creativity in an open, studio environment. The design center will foster spontaneous connections and ignite cross-functional collaboration among partners, thought leaders and colleagues, supported by multi-disciplinary expertise in brand design, product design, architecture and color, finish and material.

As one of 3M Company’s largest subsidiaries, 3M Japan is a center for innovation in Asia, serving a diversified portfolio of businesses. The 3M Design Japan team engages designers across a wide range of industries - automotive, consumer electronics, architecture and home furnishings – to inspire the creative process and imagine new solutions. Most recently, 3M Design collaborated on an exhibition at the Horim Art Center in Seoul, South Korea, titled "Glass Reimagined", featuring a collection of surface and lighting concepts alongside an artistic installation of 2017 Fasara™ Glass Films. On the journey of accelerating designer-to-designer dialogue on the possibilities of materials science, the 3M Design team has interacted with well over a thousand designers across Asia sharing their design vision.

“Opening 3M Design Japan is an integral part of creating value for customers,” said Kevin Gilboe, head of design, 3M Asia. “We are enhancing our capability to bring creative teams together to inspire customers and explore new solutions with a people-centered, holistic approach.”

Development of the new 3M Design Japan builds upon the momentum pushing design forward at 3M globally. As 3M continues to apply science in imaginative ways around the world, design helps translate insights into useful solutions, enriching innovation and bringing meaningful brand experiences to life every day. www.3m.com/design.

About 3M

At 3M, we apply science in collaborative ways to improve lives daily. With $30 billion in sales, our 90,000 employees connect with customers all around the world. Learn more about 3M’s creative solutions to the world’s problems at www.3M.com or on Twitter @3M or @3MNews.


© Business Wire 2017
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Financials ($)
Sales 2018 33 296 M
EBIT 2018 8 006 M
Net income 2018 5 524 M
Debt 2018 11 622 M
Yield 2018 2,69%
P/E ratio 2018 22,90
P/E ratio 2019 18,15
EV / Sales 2018 3,95x
EV / Sales 2019 3,82x
Capitalization 120 B
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Mean consensus HOLD
Number of Analysts 14
Average target price 212 $
Spread / Average Target 4,7%
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Managers
NameTitle
Michael F. Roman Chief Executive Officer & Director
Inge G. Thulin Executive Chairman
Nicholas C. Gangestad Chief Financial Officer & Senior Vice President
John Banovetz CTO, Senior Vice President-Research & Development
Edward Michael Liddy Independent Director
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