3M 2006 Annual Report Download - page 22

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3M™ Wheel Weight System
Industrial and
Transportation Business
(Millions) 2006 2005
Net sales $6,754 $6,144
Operating income $1,343* $1,211
3M™ Automix™ EZ Fix Flexible
Patch PN 05888 System
Helping industrial customers solve their problems
Who we are We serve a broad base of
customers – from the world’s largest auto-
motive, aerospace, energy and construction
companies to small auto body repair shops
in emerging economies. We spend a great
deal of time with customers in order to fully
understand their businesses. Then, we mobi-
lize 3M’s innovation machine to add value to
their operations. Our solutions include high-
performance tapes, adhesives, abrasives,
fasteners, fi lms, specialty materials, fi ltration
products and more.
Driving growth We’re showing solid growth
by building our core businesses and expand-
ing into large and growing adjacent markets.
In our core businesses, we have a strong
fl ow of innovative new products, and we’re
also benefi ting from substantial investments
to capitalize on the rapid expansion of the
industrial base in emerging economies.
For example, we’ve added manufacturing
capacity for tapes in China and Poland, and
for specialty materials in China. Additionally,
we’re broadening our technology and product
offerings through complementary acquisi-
tions. Five recent acquisitions further expand
the depth and breadth of our offerings in the
areas of adhesives, industrial tapes, abrasives
and paint preparation systems.
Our 2005 acquisition of CUNO Incorporated,
a global leader in the large and fast-growing
liquid fi ltration market, gives us an entirely
new platform for growth. CUNO addresses
concerns about the quality of the global water
supply, with practical and affordable fi ltration
systems for both home and commercial use.
Oil and gas and do-it-yourself car care are
two other markets that will contribute
signifi cantly to our growth. In the oil and
gas market, we’ve combined several 3M
businesses into a single unit to better
connect 3M technologies directly with the
needs of major energy customers. In the car
care market, do-it-yourself enthusiasts are a
growing phenomenon, and we’re launching
a new line of retail products that make our
professional-grade products readily available
to consumers in major auto care stores.
3M™ Wheel Weight System
3M™ Trizact™ Abrasives
3M™ Perfect-it™ 3000 Ultrafi na™ SE
(Swirl Eliminator)
3M™ Jet Weld™ EZ Maintenance
Adhesive System
*Includes $15 million of restructuring expenses