Diversified technology conglomerate
) is all set to revolutionize the industrial and consumer markets
once again with its latest innovation in the Masking Tape product
line, since pioneering it way back in 1925. While the original
product paved the way for masking solutions, the derivative is
likely to make masking simpler and convenient with different
products for different usages.
The new product line titled 3M Masking Made Simple has five
industrial masking tapes, categorized as 101+, 201+, 301+, 401+
and 501+, depending on increasing levels of performance.
The 3M Value Masking Tape 101+ is designed to address basic jobs
such as marking, temporarily holding, wrapping and sealing; while
3M General Use Masking Tape 201+ is suited to handle relatively
tougher jobs like bundling, labeling and identifying. The 3M
Performance Yellow Masking Tape 301+ is ideal for industrial
paint masking, bundling, color coding and sealing, while 3M High
Performance Green Masking Tape 401+/233+ is made for high
performance industrial painting jobs for aircrafts, buses,
trailers, trucks, boats, trains and other specialty vehicles. The
3M Specialty High Temperature Masking Tape 501+ is specially
designed for the highest degree of industrial performance in high
temperature paint baking applications.
The separate product line for differentiated purposes will
facilitate easier masking for customers, who until now had been
using the same masks for mundane activities like hanging up a
piece of paper to highly skilled painting jobs of specialty
vehicles. This is likely to culminate in the highest level of
performance on all jobs.
Furthermore, 3M's global presence and an unrivaled track record
as an innovative provider of masking solutions for diversified
uses in consumer and industrial markets are positives for the
company. Consistent with its long-term strategy of accelerating
investments in high-growth programs, 3M strives to deliver
sustainable increases in sales, earnings and free cash flow. The
company's ability to convert high R&D spends into up cycle
market share gains, pricing power, and margin determines its
success over the years.
Formerly known as Minnesota Mining and Manufacturing Company, 3M
was founded in 1902 and is currently based in St. Paul,
Minnesota. The company operates as a diversified technology
enterprise with manufacturing operations across 70 countries.
Effective from first quarter 2013, the company has reorganized
its segments to better serve its global customers. The realigned
structure includes five operating segments compared to the
erstwhile six segments of the company. The new business segments
of 3M are Industrial, Safety and Graphics, Electronics and
Energy, Health Care, and Consumer.
3M presently has a Zacks Rank #4 (Sell). Other leading players in
the industry include
Honeywell International Inc.
Macquarie Infrastructure Company LLC
), each carrying a Zacks Rank #2 (Buy).
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