3M 2006 Annual Report Download - page 23

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Working Our Magic 21
Safety, Security and
Protection Services Business
(Millions) 2006 2005
Net sales $2,621 $2,292
Operating income $ 575* $ 537
Responding to growing demand for
safety, security and protection
Who we are There has never been a time in
recent history where the concern for personal
safety and security has been greater. We draw
on 3M’s rich technology base and develop
products and applications that contribute to
the safety and security of people, products
and facilities around the world. We’re a
leading manufacturer of occupational health
and environmental safety products, security
systems, and building safety solutions. With
more than 60 percent of our sales outside the
United States, we’re truly a global business.
Driving growth Every day, the need for
safety, security and protection becomes
more evident, and we’re growing by meeting
these needs with a wide spectrum of quality
products and services.
In the safety arena, we’re a leading supplier
of respirators and other personal safety prod-
ucts used across industries – from automotive
and construction to metalworking and mining.
Our global presence is a key competitive
advantage, enabling us to capitalize on the
rapid growth of manufacturing in emerging
economies. As companies expand geographi-
cally, we’re there to serve them. To help meet
worldwide demand for our respirators, we’re
constructing a major new plant in Korea and
expanding production in the United States.
We’re also broadening our product offerings
through selective acquisitions. For example,
our recent acquisition of Brazilian-based
Pomp Medical and Healthcare Products LLC
expands our line of hearing and eyewear
protection products. And our acquisition of
Aerion Technologies Inc. adds to our line of
environmental monitoring products.
Security, of course, is a top issue for
governments, businesses and individuals.
3M™ Confi rm™ Laminate with Floating
Image Technology makes it easier to verify
the authenticity of driver’s licenses and
passports, and we’ve signifi cantly expanded
our presence in this industry with our recent
acquisition of U.K.-based Security Printing
and Systems Ltd.
3M’s expertise in track and trace solutions,
such as radio frequency identifi cation (RFID),
is another major platform for growth. To fully
realize the opportunity in this fast-growing
market, we have combined several previ-
ously separate 3M businesses into a single
organization called Track and Trace Solutions.
We already have made important inroads
in applications for medical, pharmaceutical,
aerospace and mining applications with fully
integrated solutions.
We’re also growing by entering adjacent
markets. For example, we’ve extended the
use of Thinsulate™ Insulation – which offers
sound deadening capabilities as well as
warmth – to the automotive, appliance and
other industries. We’re also fi nding important
uses for our corrosion protection products
in the oil and gas industry and, to help meet
demand for these products, are constructing
a new plant in Russia.
Thinsulate™ Acoustic
Insulation 3M™ Track and Trace Technology
3M™ Confi rm™ Laminate with
Floating Image Technology
Pomp™ Reusable Ear Plugs
* Includes $10 million of restructuring expenses
3M™ Speedglas™ Helmet 9000
3M™ Particulate
Respirators