Skip to main content

New CEO wants to turn 3M into $50 billion company

Inge Thulin formally took the reins at 3M during the company's annual shareholders meeting. Thulin is a 33-year employee of 3M, beginning in his native Sweden. He says he wants to boost revenue from last year's $29 billion to the $50 billion threshold.
  • Author:
  • Updated:
    Original:

Inge Thulin formally took the reins at 3M during the company's annual shareholders meeting. Thulin is a 33-year employee of 3M, beginning in his native Sweden. He says he wants to boost revenue from last year's $29 billion to the $50 billion threshold.

Next Up

Amber alert wisconsin

Amber Alert in Wisconsin: Search for missing 15-year-old girl

Police believe 15-year-old Kryssy King may be with a 22-year-old man.

Screen Shot 2022-10-01 at 10.18.12 AM

3 St. Paul fast food restaurants robbed in space of an hour

The thieves struck between 7:15 p.m. and 8 p.m.

Screen Shot 2022-10-01 at 9.06.40 AM

What to do with the Kmart site? Minneapolis wants your ideas

The project will connect Nicollet Avenue south of Lake street and north of the Midtown Greenway, reestablishing a street grid.

Screen Shot 2022-10-01 at 7.53.55 AM

Crowd evacuated at end of homecoming football game in Brooklyn Park

Police blamed 'unruly teens' in the stands and some who were trying to enter the stadium.

gas

State to help 44 Minnesota gas stations add E15 pumps

The yellow 88 button is coming to more gas stations in Minnesota.

Screen Shot 2022-09-30 at 4.54.42 PM

FBI, police investigating bank robbery at Edina's 50th and France

An ATM technician was robbed by four men at a U.S. Bank.

Ethan Glynn

Paralyzed Bloomington football player begins rehabilitation in Colorado

Ethan Glynn is at a world-renowned rehabilitation hospital.

Press Bar fire

Owner of St. Cloud bar gets 6 years for arson, ordered to repay $3M

A February 2020 fire at the Press Bar and Parlor was later determined to be an insurance job.

IMG_5455

Bloomington, Richfield districts tighten security ahead of weekend football

Enhanced safety measures will be in place this weekend.

Related

3M CEO backs off growth projections

3M's Chief Executive Officer is revising the projections for annual sales growth set by his predecesor. Bloomberg reports 3M's new goal is to increase revenue four to six percent a year at existing businesses, a reduction from the seven to eight percent sought by the previous CEO.

3M to invest $50 million in China

A 3M executive says the $50 million investment is part of a "five-year strategy for China to increase annual sales 15 to 20 percent." The Maplewood-based manufacturer plans to develop new technology and products for the China market -- 3M's biggest overseas market.

Ecolab to acquire chemical company Champion for $2.2 billion

St. Paul-based Ecolab plans to buy Houston-based Champion Technologies Inc. for about $2.2 billion in cash and stock to complement last year’s purchase of Nalco Holding Co. and grab a larger share of the oilfield-chemicals business, Bloomberg News reports.

Former 3M CEO Allen Jacobson dies at 86

Allen Jacobson, a former CEO of the 3M Co. from 1986 to 1991 has died at 86. Jacobson, who championed research and development at 3M, started with the Maplewood-based manufacturing company after graduating from college in 1947.

3M plans new Maplewood lab

3M is planning a new lab facility at its Maplewood headquarters, the company has told employees. The facility, to be home to 700 researchers, could open by 2014, KSTP reports. The company in recent years has shifted more of its research and development work overseas.