“Our focus is ramping up our production as quickly as possible to meet the demand.” 3M CEO Mike Roman says the company is increasing its production of respiratory protection masks amid the coronavirus outbreak.
said Tuesday that the company is increasing production of its respiratory protection products, such as masks, to meet demand caused by the outbreak of coronavirus." that the company is raising production around the world to make more of the products. The conglomerate makes masks that people wear to cover their mouths and noses to stop the spread of the respiratory virus.
"We are ramping to full production. We're going 24/7," Roman said. He added that the company is increasing production at its plants in China and other Asian countries, as well as in Europe in the United States.
"Before we got to the past couple of weeks, with the coronavirus really becoming the focus, we were looking at a sluggish start to China in first quarter, really based on automotive," Roman said on the call.fell 5.7% on Tuesday after the company announced its latest earnings. The company missed Wall Street expectations on the top and bottom lines for its fourth quarter and announced a new batch of job cuts.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chipotle fined $1.3M over thousands of child labor abusesChipotle was hit with a $1.3 million fine over more than 13,000 child labor violations at its Massachusetts restaurants, the state&39;s attorney general announced Monday. Attorney General Maura Healey ordered the largest child labor penalty ever issued by the state against the Mexican restaurant chain
Read more »
Chipotle fined $1.3M over thousands of child labor abusesChipotle hit with $1.3 million fine over more than 13,000 child labor violations at its Massachusetts restaurants, state's attorney general announces.
Read more »
Chipotle fined more than $1.3M over thousands of child labor abuses in MassachusettsChipotle will pay a $1.37 million fine as part of a settlement involving child labor violations in Massachusetts, said Attorney General Maura Healey.
Read more »
How CEO of fertility app Natural Cycles recovered from business crisis - Business InsiderElina Berglund, cofounder and CEO of Natural Cycles, ismore hands-off now than while starting her company, which is more beneficial. She has also learned how to deal with the media since facing a brand crisis.
Read more »
Match Group CEO Mandy Ginsberg Steps DownMatch Group CEO Mandy Ginsberg is stepping down following challenges in her personal life, an internal memo said, marking a leadership change ahead of a planned spinoff of the dating-app company.
Read more »
WSJ News Exclusive | J.Crew Hires Former Victoria’s Secret Executive as CEOJ.Crew has hired former Victoria’s Secret executive Jan Singer as its next chief executive, in an effort to revitalize its namesake brand and reverse a long sales slump.
Read more »