3M CEO says company has doubled global production of N95 masks to nearly 100 million a month [MarketWatch]
3M Company (MMM)
Last 3m company earnings: 4/28 06:30 am
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Source: MarketWatch
3M CEO says company has doubled global production of N95 masks to nearly 100 million a month 3M Co. MMM, -9.18% has doubled global production of N95 respirators to a rate of nearly 100 million a month, or more than 1.1 billion a year, to arm health care workers dealing with the coronavirus that causes COVID-19, Chief Executive Mike Roman said on Sunday. In the U.S., the company is producing 35 million respirators a month, with more than 90% being designated for health care workers,and the rest to other critical sectors, such as energy, food and pharmaceutical companies, Roman said in a statement. "As a global company, we also manufacture respirators in Europe, Asia and Latin America, and our products are being similarly deployed to support the COVID-19 response in those respective regions," he said. The company is expecting to nearly double its capactiy again within the next 12 months and is working with the U.S. and other govermments to explore alternative manufacturing scenarios
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MMM
Earnings
- 10/22/24 - Beat
MMM
Sec Filings
- 12/2/24 - Form 4
- 11/21/24 - Form 4
- 11/20/24 - Form 144
- MMM's page on the SEC website