3M Gets Defense Department Contracts to Produce N95 Respirators
07 Maggio 2020 - 6:16PM
Dow Jones News
By Stephen Nakrosis
3M Co. on Thursday said it recently received two contracts from
the U.S. Defense Department which will see the company increase
production of N95 respirators in response to the Covid-19
pandemic.
The company said it plans to expand U.S. production from 35
million respirators per month to over 95 million by October. 3M
also said that, beginning in January, it "ramped up production of
respirators and doubled its global output to 1.1 billion per
year."
Since the start of the Covid-19 outbreak, 3M said it has
invested over $80 million in ramping up N95 respirator production.
"Those investments and actions, along with these contracts, will
enable the company to nearly double its current capacity again to 2
billion respirators globally by the end of the year," 3M said.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
May 07, 2020 12:01 ET (16:01 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Grafico Azioni 3M (NYSE:MMM)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni 3M (NYSE:MMM)
Storico
Da Apr 2023 a Apr 2024