Diversified conglomerate 3M Company (MMM) has recently made substantial investments in the Asia-Pacific region to support the film business with the scale-up of world-class manufacturing facilities in China and Singapore.
The renewable energy division of 3M offers a robust portfolio of new and existing products with combined expertise in coatings, film, tape, adhesive and optical technologies. In order to meet the increased market demand, 3M has expanded its global manufacturing capabilities for renewable energy division products on several occasions.
The two manufacturing facilities aim to cater to the growing demand of automotive, residential and commercial window films in the Asia-Pacific region. 3M continue to make substantial investments in research and development along with plant investments. The R&D facilities of 3M work closely with national laboratories to develop and refine its energy conservation and generation, along with sustainable technologies and platforms.
3M remains focused on inventing new products to maintain its competitive advantage worldwide. The company continues to invest in diverse product offerings and technological solutions to capitalize on emerging business propositions.
3M, together with its subsidiaries, operates as a diversified technology company with manufacturing operations spread over 70 countries. The company aims to deliver innovative security solutions to businesses and governments worldwide, thus maintaining the security of people and documents.
3M currently has a Zacks Rank #3 (Buy). Other stocks that look promising and are worth a look now are Marubeni Corporation (MARUY), carrying a Zacks Rank #1 (Strong Buy), Hutchison Whampoa Limited (HUWHY) and Tyco International Ltd (TYC), both of which carry a Zacks Rank #2 (Buy).