3M Invests $58M To Expand Valley, Nebraska Facility

• 3M Co (NYSE:MMM) plans to expand its plant in Valley, Nebraska, in its effort to develop the production of respiratory and hearing protection products.
• MMM is investing ~$58 million to fund the 80,000 square foot expansion that will create around 50 new jobs at the facility, which employs about 560 people.
• The expansion will include new production lines, equipment, and a warehouse.
• 3M intends to invest in additional production capacity for reusable elastomeric respirators and PELTOR hearing protection products in its Personal Safety Division.
• 3M has partnered with the state of Nebraska through the ImagiNE Nebraska Program.
• Price Action: MMM shares are trading higher by 0.69% at $145.22 on the last check Monday.