The company now has nine manufacturing sites in China that primarily serve domestic customers. More than 85 percent of 3M products produced in China are used in China, the company said.
The company said its enthusiasm for the sector is being shored up by increasing demand for quality healthcare driven by China's growing middle-income earners, continuing urbanization and healthy economic expansion.
The company's three business divisions - healthcare, life sciences and performance materials - have a strong market presence in China. Last year, Asia-Pacific accounted for one-third of its global market, with an average annual growth rate of 8 percent, while the China market grew at an average annual rate of 18 percent with total revenue reaching 1.9 billion euros (.13 billion).
The company launched the ClassIn X smart classroom recently, which aims to provide simple but powerful online and offline integrated teaching solutions to the education sector.
The company reversed to losses in the first quarter of 2020 as the COVID-19 epidemic hurt business.
The company vows to supply 18.17 billion cubic meters of natural gas during this heating season, up 17.7 percent from 2017, with those supplied to the seven northern provinces and municipalities up 29.1 percent year-on-year, it said.
广东看口腔黏膜病医院
The company's full-year net loss was 9 million, reversing from a net profit of 5 million a year earlier and was worse than the average forecast for a 5 million net loss from a poll of 22 analysts by research firm FactSet.
The company’s cloud business is giving new hope to investors. The stock is up nearly 50% over the past two years. Even Goldman Sachs admitted they were wrong.
The company stopped making PFCs in 2002 after negotiating with the Environmental Protection Agency. But in 2004, trace amounts of the chemicals were found in groundwater at 3M dumping sites east of St. Paul.
The company said this will balance economic development on both sides of the Pearl River, supporting accelerated integration and economic development in the Guangdong-Hong Kong-Macao Greater Bay Area.