) expanded its product line with Scotch Recycled Corrugate Tape
3072, an industrial tape used in packaging corrugated boxes. For
high productivity packing, the recycled corrugated tape can be
applied with a 3M-Matic Case Sealer or with a hand-held tape
dispenser for low volume packaging.
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Tape 3072 is a box sealing tape, exclusively designed for
recycled corrugated boxes. This tape has a strong support
providing high quality, consistent performance and a secure and
durable closure. The corrugated boxes typically have shorter and
flatter fibers, making it difficult for manufacturers to seal it.
This new corrugated tape by 3M would enable manufacturers to seal
such boxes easily.
Environmental norms for user-friendly and less polluting
materials are changing at a rapid pace and in order to keep up
with such rules and regulations, manufacturers are making
constant efforts to reduce cost and improve efficiency. This new
tape outperforms other tapes available in the market making it
more viable for users.
3M remains focused on inventing new products and maintaining its
competitive edge globally. The rise in demand of such innovative
3M product services is likely to augment revenues. 3M expects an
organic local-currency sales growth of 2%-5% in 2013.
Together with its subsidiaries, 3M operates as a diversified
technology company with manufacturing operations across 70
countries worldwide. The company aims to deliver, innovative
security solutions to businesses and governments worldwide, thus
maintaining security of people and documents.
3M currently has a Zacks Rank #3 (Hold). Other stocks that look
promising and are worth a look now are
Honeywell International Inc
Macquarie Infrastructure Company LLC
), each carrying a Zacks Rank #2 (Buy).