3M 2005 Annual Report Download - page 20

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The world of 3M Every day, 3M people find ways to make life better and easier for
people around the world. We increase speed and efficiency by sharing technologies,
manufacturing operations, brands and other resources across our businesses and
geographies. Our businesses produce innovative products, hold leading market positions
and generate solid returns on investment.
unique strengths
ingenious solutions
18
Consumer and Office Business
(Millions) 2005 2004 % change
Net sales $2,986 $2,861 4.4%
Operating income $ 576 $ 542 6.3%
Who we are With powerful brands, innovative
products and a global presence, we make life easier
and more productive for consumers and office
workers around the world. Our brands – including
Scotch®
, Post-it®
, Scotch-Brite®
, Scotchgard™
,
O-Cel-O™
, Filtrete®
, Command™and Nexcare™– are
synonymous with quality and value. You’ll find our
products at mass merchandisers, office superstores,
contract stationers, home improvement and
hardware stores, membership clubs, grocery
and drug stores, and other retailers.
2005 Highlights
•Increased operating profit margins to 19.3 percent.
•Received major recognition from Wal-Mart, Office
Depot, Staples, Inc., S.P. Richards Co., Corporate
Express and other customers. Also received the
Manufacturer of the Year Award from the Office
Products Wholesaler Association; the European Office
Products Award; the Vendor of the Year Award from
the hardware and home improvement industry;
and the 2005 Cause Marketing Silver Halo Award
for the nation’s best health-related campaign for our
support of breast cancer awareness and research.
•Further strengthened our brands with new
products combining strong functionality and stylish
design. Examples include the Scotch®Contour Tape
Dispenser, Scotch®Stretchy Tape, the Scotch®
Masking Tape Applicator, Scotch®Gluguls™Glue
Sticks, plus new varieties of Scotch-Brite®Sponges,
O-Cel-O™Sponges and Nexcare™Bandages.
•Continued to extend our brands into adjacent
market segments. Recent brand extensions include
Post-it®Picture Paper and Scotch-Brite®Super-Cling
Cleaning Products.