3M Company’s (MMM - Analyst Report) 3M Fire Protection Products division recently announced the launch of 3M FIP 1-Step Firestop Foam, a UL-tested technology for fire protection. It complies with the International Building Code.
The new 3M FIP 1-Step gives contractors an alternative to mineral wool, bricks and runny, ineffective foams, and enables firestop installations to be three times faster than the usual methods. With a non-runny formula, the foam stays in place and expands consistently up to five times.
3M provides a complete line of firestop products, technical support and training to enhance firestopping capabilities.
With this product, 3M combines foaming technology and a delivery system to create a solution that meets the requirements of customers. True firestop foam has long been a necessary requirement for manufacturers. This new product is an initiative in this endeavour and is much more flexible in terms of usage, saving time and money for users.
3M remains focused on inventing new products and maintaining its competitive advantage worldwide. The rise in demand for such innovative 3M product services is likely to augment its overall revenue.
3M, together with its subsidiaries, operates as a diversified technology company with manufacturing operations spread over 70 countries worldwide. It has more than 35 business units organized into six segments: Consumer and Office, Display and Graphics, Electro and Communications, Healthcare, Industrial and Transportation, Safety, Security and Protection Services.
3M currently has a Zacks Rank #4 (Sell). Other stocks that look promising and are worth a look now are Hutchison Whampoa Ltd , having a Zacks Rank #1 (Strong Buy), Federal Signal Corp. (FSS - Snapshot Report) and ITT Corporation (ITT - Analyst Report) , both having a Zacks Rank #2 (Buy).