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3M Combines Industrial, Transportation Units
November 21, 2005
3M Co. announced it will merge its industrial and transportation units, effective Jan. 1, 2006.
The new combined unit will be headed by Hak Cheol Shin, currently in charge of the industrial unit. The decision leverages common markets and customers, as well as common channels, technologies, manufacturing base and selling processes, according to press release.
The formation of the Industrial and Transportation Business coincides with Harold J. Wiens' announced retirement. Wiens is executive vice president for transportation business.
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