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3M Investing +$170M In Cordova Pursuing Goal To Reduce Use of Water – $MMM $DIA

By John F. Heerdink, Jr.

Reportedly, 3M (MMM) is investing more than $170 million at its Cordova, Illinois, site to engineer and install cutting-edge technology building its company-wide goal of enhancing the quality of water returned to the environment.

Launched in 2021, the company expects to reduce overall water use at the Cordova site by 25 percent and also return higher-quality water to the environment after it is used in manufacturing operations. The newly-installed technology designed specifically for the site featuring a combination of granular activated carbon, reverse osmosis, ion exchange, and other methods will go online and enhance already existing systems in place. 

“These local investments in our operations will help sustain our environmental and manufacturing performance into the future, allowing us continued opportunities to contribute to the economic success of the Quad Cities and the entire region. The technology we’re adding to our site here in Cordova gets us closer to achieving our $1 billion, 20-year environmental goals for our company, which include improved water quality, reduced water and plastic use, and achieving carbon neutrality by 2050,” stated David Andrews, site leader at 3M Cordova.

The post-it maker plans to install state-of-the-art water treatment processes at certain locations worldwide by 2024, which will drive a more than 95 percent reduction in 3M’s PFAS discharges globally by 2025, close to more than 99 percent by 2030.

3M (MMM) is a global science company that seems to never stop inventing. Using 46 technology platforms, their integrated team of scientists and researchers works with customers to create breakthroughs. Their inventions have improved daily life for hundreds of millions of people all over the world. With $30 billion in sales, 90,000 employees connect with customers all around the world. Scientists, researchers, and marketers work across countries and across subjects to solve challenges big and small. To learn more about 3M (MMM) and to track its ongoing progress please visit the  Vista Partners 3M (MMM), Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

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(Read Original Story: 3M Invests for Future of Sustainability, Jobs and Manufacturing in Cordova, Illinois in NewsDirect)


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