3M announced a new 90,000-square-foot expansion at 3M’s facility in Valley, Nebraska, to increase the plant’s manufacturing capacity. The $67M investment includes new production lines, equipment and a warehouse, and will help 3M more quickly meet customer demand for the company’s personal safety products. The expansion of the plant is expected to create about 40 new jobs. The expansion will create additional manufacturing capacity for 3M’s reusable respirators and Peltor hearing protection products. To help make the expansion happen, 3M partnered with the state of Nebraska through the ImagiNE Nebraska Program, a tax incentive-based program intended to encourage companies to invest in Nebraska. 3M has operated its facility in Valley since 1979.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MMM:
