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3M To Ramp Up Production Of Face Masks After Defense Production Act Orders

By John F. Heerdink, Jr.

Reportedly, 3M (MMM) is continuing to increase the production of face masks after President Trump announced that he was invoking the Defense Production Act to get the company production rolling for more face masks. 3M to work closely with the Federal Emergency Management Agency to produce the masks.

On Thursday, the White House announced that President Donald Trump is enforcing the Defense Production Act to smoothen up supply-chain issues in respect to the manufacturing of ventilators and to ensure the production of additional N95 face masks.

The Defense Production Act, according to the Federal Emergency Management Agency, is “the primary source of presidential authorities to expedite and expand the supply of resources from the US industrial base to support military, energy, space and homeland security programs.”

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 to increase production of face masks after Trump order in Reuters)


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