3M Earns Top Spot on Coveted Innovators' List for Three Consecutive Years
LONDON, ON, Nov. 12, 2012 /CNW/ - For the third consecutive year, 3M Company
has earned a top spot on Booz & Company's coveted list of the ten most
innovative companies, ranking third behind Apple and Google.
"We're honoured 3M Company has been recognized again as one of the world's
most innovative companies," said Paul Madden, 3M Canada's President and
General Manager. "Innovation is the foundation of this company and inspires
how we serve our customers across the world and right here in Canada, from the
work that's done in our laboratories and manufacturing facilities across the
country to our partnerships with non-profit organizations and how we engage
Booz & Company, a global management consulting firm, surveyed nearly 700
innovation leaders from companies worldwide to determine which companies those
leaders see as the most innovative companies in the world. In addition to the
survey, Booz & Company examined corporate R&D spending through its Global
Innovation 1000 Study, which looked at the 1,000 public companies that spent
the most on R&D in 2011. The study revealed that the most innovative companies
are not necessarily the biggest spenders. Last year, 3M spent approximately
$1.6 billion on R&D globally. For example, among the Global Innovation 1000
companies 3M ranked 86th in R&D spending, while Apple and Google ranked 53rd
and 26th respectively.
3M's revived vision for the company captures the essence of its innovative
culture: 3M technology advancing every company; 3M products enhancing every
home; and 3M innovation improving every life. For more information about the
company's vision, watch this video. For more information, visit www.3M.ca or
follow 3M Canada on Twitter: @3MCanadaCares.
About 3M Canada
Established in 1951, 3M Canada Company was one of the first international
subsidiaries opened by 3M and remains one of the largest. 3M Canada's head
office and original manufacturing site is in London, Ontario where
approximately half of the company's 1,800 employees work. Other locations
include Calgary, Alberta; Milton, Brockville, and Perth, Ontario; and, Morden,
Manitoba. Globally, 3M has operations in more than 65 countries and captures
the spark of new ideas and transforms them into thousands of ingenious
products. Our culture of creative collaboration inspires a never-ending stream
of powerful technologies that make life better.
Media Contact Carla McFarlane | 3M Canada | Phone: 519 451 2500 x 2564 |
SOURCE: 3M Canada Inc.
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