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3M Says Japan Disaster Recovery May Exceed Katrina Spending

3M Co. said rebuilding work in Japan may total $200 billion, more than the projected spending after Hurricane Katrina, and the company is ramping up production of respiratory-protection products for the recovery.

Japan’s efforts probably will spur faster growth after an initial economic lull, 3M said in an investor presentation on its website today. The cost may be $50 billion to $150 billion, according to the presentation, while Chief Executive Officer George Buckley said the total may reach $200 billion.