3M praised "China's Best Performance Company"

Shanghai, May 17: 3M, a diversified company known for its technological innovation, is honored in the “Top 50 Best Performance Companies of China 2012” sponsored by Global Entrepreneur magazine. With its diversified corporate strategy, localized business strategy rooted in China, and a culture that encourages innovation, 3M has been selected as the “Best Performance Company of China 2012” list. Adhering to the business philosophy of “China for China”, 3M China is also ranked as “Top 10 Global Best Contribution Enterprises in China”.

Since its launch in 2004, the “Best Performance Company Selection” has been dedicated to discovering leading multinational companies and rapidly emerging local companies in the Chinese market, and forging the best template for developing companies seeking breakthroughs. Based on official industry statistics and third-party statistics, the selection will comprehensively assess the indicators of each company's forward-looking ability, brand image, profitability, innovation ability and social responsibility in addition to business performance. 2012 China's top performance company "50.

Mr. Qiu Yong, executive deputy editor of Global Entrepreneur magazine, said: "In addition to analyzing the industries and companies with more active foreign investment in China, this selection is to build a new benchmark for successful Chinese companies. 3M as a company in China Taking a diversified enterprise on the road of localization and innovation and seizing every development opportunity in the Chinese market is a model for many companies to explore the diversification and span the traps of medium-sized companies."

As the first wholly foreign-owned enterprise outside China's special economic zones, 3M China has always followed the path of China's economic development. At present, 3M's cumulative investment in China exceeds US$1 billion, and the Chinese market is increasingly contributing to 3M's global business. Mr. Yu Junxiong, President of 3M Global Central Executive Committee, President of Greater China and CEO of 3M China Ltd., said: “We are deeply honored that the performance of 3M in the Chinese market can be unanimously approved by the jury. Diversified business models and The localization innovation mechanism is the key to the success of 3M China. In the future, we will continue to deepen into new energy, medical and other fields. In the next five years, we expect to achieve an annual average growth rate of 15% to 20%."

In addition to considering the operating performance and profitability of each company, the “Best Performance Company Top 50 Awards” also pays more and more attention to the company's efforts and achievements in innovation capability and social responsibility. As a “hundred-year-old shop” known for its innovation, 3M's innovative culture has always been praised by the world. Today, 50% of people around the world are directly or indirectly exposed to 3M products. 3M's innovation comes not only from excellent R&D personnel, good incentive system, but also from 3M's corporate culture that deeply integrates innovation into every aspect of daily operations. This is also the way to success for 3M.