Investing in the Time of COVID-19 / 3M COMPANYIs It Time to Buy 3M Stock? (NYSE:MMM)
3M ramps up N95 respirator production as demand surges from global coronavirus outbreak.
Demand for respirators is extremely high .
To fill the surge in demand for the devices, particularly the N95 respirator, 3M is ramping up production.
In Aberdeen, South Dakota, more than 650 employees at one of 3M’s largest manufacturing facilities are working overtime to increase face mask production.
3M Company:
While 3M manufactures millions of respirators per month at production facilities in the United States and China, as well as in Latin America,
Europe and Asia, we expect demand for respirators and other supplies to outpace supply for the foreseeable future.
"3M is supporting public health and government response to the outbreak by ramping up production at our global manufacturing facilities,
including hiring workers, adding shifts and activating more production lines.
"Still, global demand for certain personal protective equipment, including respirators, is currently exceeding supply.
We are working with customers, distributors,
and government and medical officials to help get supplies where they are most needed."
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