Diversified technology conglomerate
) recently introduced a new product with an advanced liquid
pavement marking technology to meet the evolving requirements of
the traffic safety and security division. The strategic move is
expected to augment 3M's Display and Graphics segment revenues
and strengthen its position as a premier manufacturer of
prismatic reflective sheeting for traffic signs, bright and
durable pavement markings, reflective materials for work zone
applications, and roadway asset management systems and services.
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The new product named '3M Liquid Pavement Marking Series 5000'
features the most sophisticated form of plural-component polyurea
to facilitate maximum visibility, easy application and extended
durability. The product utilizes wear-resistant polymers to
resist discoloration and has superior adhesion capabilities fit
for application on a wide variety of substrates.
In addition, the new product has low viscosity to pour and apply
with ease across the entire application temperature range. All
these indigenous features allow the product to be utilized for
marking long-lines, channelizing lines, gore markings and
intersection markings on all common road surface types. On top of
it, the product is backed by the superior technical and customer
service of 3M.
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. It
has more than 35 business units organized into six segments:
Consumer and Office; Display and Graphics; Electro and
Communications; Healthcare; Industrial and Transportation; and
Safety, Security and Protection Services.
3M has been continuously upgrading its product portfolio to fight
against stiff competition from other leading players in the
industry such as
China Merchants Holdings (International) Company
Koninklijke KPN N.V.
Jardine Strategic Holdings Ltd.
), each carrying a Zacks Rank #1 (Strong Buy). 3M presently has a
Zacks Rank #3 (Hold).