3M research and development expenses

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  • Post last modified:November 21, 2018

Research and development expenses of 3M

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3M relies heavily on Research and development expenses for its profits and growth. In 2017, 3M’s research and development expenditure climbed to $1.85 billion from $1.7 Billion in the previous year. Main R&D costs in 2017 included the  basic scientific research and the application of scientific advances in the development of new and improved products. It totalled $1.35 Billions. The related expenses include the technical support, patent costs as well as the investments into the R&D related ventures. 3M invests about 5.8% of its revenue back into Research and development. Its investment into R&D has kept the brand strong and helps produce a steady stream of more than 3000 patents and several new and unique products each year.


Data sourced from the annual reports of 3M to be found on its investors website.



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Abhijeet Pratap

Abhijeet has been blogging on educational topics and business research since 2016. He graduated with a Hons. in English literature from BRABU and an MBA from the Asia-Pacific Institute of Management, New Delhi. He likes to blog and share his knowledge and research in business management, marketing, literature and other areas with his readers.