Thursday, May 12, 2005 No Region Specified
Source: The Motley Fool
The St. Paul, Minn.-based firm indicated that it is seeing slowing growth in the developed world and is getting mixed signals from economic indicators. As a result, 3M is counting on the developing world to provide for its future growth. Countries like China, Russia, Brazil, and India will account for almost half of the firm's total growth in coming years, according to company CEO W. James McNerney, Jr. Of course, 3M is no stranger to international sales, as 60.6% of total reven...