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MMM 3M Company

98.69
2.18 (2.26%)
02 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
3M Company NYSE:MMM NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  2.18 2.26% 98.69 99.70 97.28 98.10 11,064,323 01:00:00

3M Partners With Ford to Help Further Accelerate COVID-19 Response

24/03/2020 11:31am

Business Wire


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3M and Ford will collaborate on making more powered air purifying respirators to help in the fight against the COVID-19 outbreak

3M and Ford Motor Company are partnering to increase the production of 3M’s powered air purifying respirators, or PAPRs.

3M and Ford are collaborating on specific ways the companies can rapidly combine complementary capabilities and resources to help meet a surge in demand for personal protective equipment due to the COVID-19 outbreak.

3M’s powered air purifying respirators use a waist-mounted, battery-powered blower that sends filtered air into a hood that helps provide respiratory protection for workers, including those in healthcare. 3M’s PAPR systems can offer a more comfortable user experience for wearers who need respiratory protection for an extended period of time.

“We’re exploring all available opportunities to further expand 3M’s capacity and get healthcare supplies as quickly as possible to where they’re needed most – which includes partnering with other great companies like Ford,” said Mike Roman, 3M chairman of the board and chief executive officer. “It’s crucial that we mobilize all resources to protect lives and defeat this disease, and I’m incredibly grateful to Ford and their employees for this partnership.”

“3M is providing vital personal protective equipment for medical workers and we’ve empowered our engineers and designers to move as quickly as possible to help 3M grow PAPR production using common parts to speed this up. We are also volunteering our facilities for additional production,” said Jim Hackett, Ford’s president and CEO.

Overall, 3M has doubled its global output of N95 respirators to a rate of more than 1.1 billion per year, or nearly 100 million per month. In the United States 3M is producing 35 million respirators per month; of these, more than 90 percent are now designated for healthcare workers, with the remaining deployed to other industries also critical in this pandemic, including energy, food and pharmaceutical companies.

About 3M

At 3M, we apply science in collaborative ways to improve lives daily. With $32 billion in sales, our 96,000 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.

Tim Post (651) 733-9789 Tpost3@mmm.com

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