3M First Quarter Sales Increase 15%
Sales in emerging markets grew by 24% in the first quarter and now comprise 34% of 3M’s worldwide sales. Sales grew by 30% in India, 27% in China/Hong Kong and 25% in Brazil.
“We are off to a tremendous start in 2011 with first quarter organic sales growth of 9%-or 10.5% adjusting for Japan and H1N1 impacts,” said George W. Buckley, chairman, president and CEO. “New product flow is accelerating, boosted by higher investment in laboratory, sales and marketing, and manufacturing capacity. Sales are growing faster as a result, and our businesses are growing most everywhere in the world.”
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