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3M India informs about consolidation of manufacturing operations

11 Feb 2021 Evaluate

3M India has informed that it has decided to consolidate its manufacturing operations in Pune, Maharashtra to a single facility in Ranjangaon and discontinue its production unit at its Pimpri facility during the quarter October-December 2021. At present, the Pimpri facility is owned and managed by 3M Electro & Communication India, a 100% subsidiary of the company. Once all the related approvals are in place 3M shall ensure smooth transition of the business and is committed to minimizing any disruption for its customers.

The above information is a part of company’s filings submitted to BSE.


Peers
Company Name CMP
Grasim Industries 3182.00
DCM Shriram 973.55
3M India 33942.35
Hindustan Foods 612.30
Balmer Lawrie & Co 164.05
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