) recently launched the new 3M brand Static Dissipative Heat
Activated Adhesive Cover Tape 2679 for the Electric Components
market. With this product, manufacturers now have a new option of
cover tapes used for packaging electronic components in tape and
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The new product is a transparent, two-sided static dissipative,
polyester film tape with heat activated adhesive. The 3M Cover
Tape 2679 is being used to seal electrical and electronic
components into 3M polycarbonate carrier tapes for transport or
storage. The heat activated cover tape prevents the components
from being damaged, offers smoother peels and improves
transparency for visual inspection. The transparency enables the
manufacturers to inspect whether the components are placed in a
proper manner, thus preventing rough handling and reducing damage
to components sensitive to electro-static discharge (ESD).
3M remains focused on inventing new products and maintaining its
competitive advantage worldwide. The rise in demand for such
innovative 3M product services is likely to augment its revenues.
The company expects an organic local currency sales growth of
2%-5% in 2013. We also remain encouraged by the continuous inflow
of new products from the company and expect it to continue its
bullish run in the coming quarters.
3M together with its subsidiaries operates as a diversified
technology company with manufacturing operations spread over 70
countries worldwide. It has more than 35 business units organized
into six segments: Consumer and Office, Display and Graphics,
Electro and Communications, Healthcare, Industrial and
Transportation, Safety, Security and Protection Services.
3M faces tough competition from other players in the industry
). 3M currently has a Zacks Rank #3 (Hold). One of its
Macquarie Infrastructure Company LLC
) carries a Zacks Rank #2 (Buy).