Word: 3m
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Dates: during 1950-1959
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Thousands of Rabbits. Based on 3M's past performance, the new plastic should do well. Since 1902, 3M has pioneered a line of some 25,000 separate items, from sandpaper to its famed Scotch tape, and grown into an empire of 30 plants stretching from the U.S. to Germany and Brazil. This year sales will jump to $228 million, up $8.000,000 from 1953; earnings are expected to hit a record $2.80 a share, and the value of its shares has increased 5.804% since...
...Paul's Minnesota Mining & Manufacturing Co., they like to describe their business as "pulling rabbits out of a bottomless hat." To 3M the bottomless hat is its research department, and last week the company pulled out a promising new rabbit. The rabbit: "Scotchply." a tough, laminated plastic sheet, sinewed with tiny glass threads, that 3M thinks is better than steel because of its strength-weight ratio...
...3M's success is pioneering research and a management that knows how to sell what it discovers. Board Chairman William McKnight, 67, and President Herbert P. Buetow, 56, both of whom worked up through 3M's ranks, are dedicated researchers who plow back 3? of every sales dollar into the search for new products. When an idea catches on, 3M helps customers think up new uses and puts its scientists to work on a whole family of related products. In 1934, 3M brought out a new electrical insulating tape with plastic backing that was such...
From Rocks to Scotch. 3M's many handed business was born with a single discovery during World War 1: a new kind of sandpaper that flexed without cracking or shedding the abrasive. It was followed by a waterproof "Wetordry" sandpaper that was an instant success in the auto industry; for the first time carmakers could wet surfaces to be sanded or polished, thus eliminating heat and dust. In 1930, 3M brought out Scotch tape, and started a new industry. The tape replaced pins, string and glue, was put to work mending, sealing packages, insulating wires, masking paint jobs. Today...
Derrick Wilde '53 whipped his way to a one-length victory over strong but rough John Carnes 3L yesterday in the University Senior Singles championships. Wilde led all the way. Sam Hoar 3L war third and Hugh Hermann 3M fourth over the mile-long Basin course...