ST. PAUL, Minn., March 30, 2022 /PRNewswire/ — 3M (NYSE: MMM) now declared an further financial commitment of 150 million Euro to proactively progress remedial steps for the Zwijndrecht group to tackle legacy manufacturing and disposal of per- and polyfluoroalkyl substances (PFAS). This is in addition to investments and actions the firm has taken to even further minimize PFAS discharges and emissions, carry on working non-PFAS relevant production, and re-start off formerly idled PFAS-associated producing procedures.
“We want to set up a constructive, collaborative romance with Flemish authorities to tackle the concerns of all stakeholders. Nowadays represents an additional important step ahead in offering on a broader set of commitments to our neighbors in Flanders,” claimed 3M chairman and main government officer, Mike Roman.
“These investments support boost our environmental stewardship, and achieve longer-phrase security for 3M’s functions in Belgium. We continue to progress and run non-PFAS related manufacturing there, although working to get more PFAS-enabled manufacturing processes up and functioning in compliance with neighborhood security measures,” Roman additional. “In addition to leveraging our worldwide producing footprint to deliver for our buyers, we have also place in area new controls in Zwijndrecht, which includes engineering to handle air emissions, and seize, dispose, and handle PFAS in water. These investments, together with proper collaboration with the related authorities, aid us deliver idled procedures back on-line enabling European production of necessary products for our shoppers all-around the environment.”
Addressing historical activity: 3M has dedicated to tackle legacy PFAS the firm had earlier manufactured at its Zwijndrecht facility. An accredited 3rd-social gathering soil remediation specialist has not too long ago accomplished significant operate on a descriptive soil investigation that helps advise 3M’s remedial steps onsite and in the surrounding space.
Costs connected with initial remedial actions are at the moment approximated at 150 million Euro. 3M has accelerated specified remedial timelines and steps, which will be finished with oversight from the applicable authorities. 3M expects to file a charge in the initially quarter of 2022 associated with the estimate of this phase of remediation and to reflect it as an adjustment in arriving at benefits, adjusted for particular products.
Progressing on commitments: Regular with its do the job at other manufacturing services, 3M is more cutting down PFAS discharges from its operations. 3M has engineered and activated a wastewater remedy process that has aided drastically cut down PFAS discharges from its web site in Zwijndrecht, even though continuing to perform with relevant authorities to solve the wastewater discharge allow modification difficulties that effect the facility’s operations, as beforehand disclosed in 3M’s 2021 10-K. 3M is also building approach changes and employing further controls that minimize air emissions.
Supporting the citizens of Zwijndrecht: 3M is also fully commited to supporting our neighbors and local community. To assist aid farmers who have been economically impacted, 3M worked collaboratively with the Flemish authorities and local farmers’ association to establish a goodwill compensation method. This approach is underway, and in the coming months, a number of dozen agricultural enterprises will get started to get payments.
These programs additional show 3M’s commitment to company responsibility and world environmental stewardship. 3M has designed considerable development in equivalent operate at other locations globally, together with at websites in the United States and Germany. To master much more, pay a visit to www.3M.com/PFAS.
This press launch has ahead-wanting information about 3M’s economic success and estimates and business prospective buyers that involve significant risks and uncertainties. You can discover these statements by the use of terms this sort of as “foresee,” “estimate,” “count on,” “aim,” “venture,” “intend,” “system,” “believe,” “will,” “should,” “could,” “focus on,” “forecast” and other phrases and phrases of similar which means in link with any dialogue of potential functioning or money functionality or business enterprise ideas or prospective clients. Amongst the aspects that could result in precise effects to differ materially are the pursuing: (1) around the world economic, political, regulatory, global trade and other exterior conditions and other elements further than the Firm’s management, which include normal and other disasters or local weather improve impacting the functions of the Organization or its shoppers and suppliers (2) risks linked to public overall health crises these kinds of as the international pandemic involved with the coronavirus (COVID-19) (3) foreign forex exchange prices and fluctuations in individuals fees (4) liabilities linked to specified fluorochemicals, such as lawsuits relating to numerous PFAS-similar goods and chemistries, and claims and governmental regulatory proceedings and inquiries linked to PFAS in a range of jurisdictions (5) lawful proceedings, together with considerable developments that could come about in the lawful and regulatory proceedings explained in the Firm’s Annual Report on Variety 10-K for the 12 months ended Dec. 31, 2021, and any subsequent quarterly reports on Type 10-Q (the “Reports”) (6) competitive circumstances and shopper preferences (7) the timing and sector acceptance of new merchandise offerings (8) the availability and expense of procured elements, compounds, raw supplies, electricity (which includes oil and normal fuel and their derivatives) and labor thanks to shortages, improved need and wages, logistics, offer chain interruptions or production internet site disruption (such as all those caused by normal and other disasters and other situations these kinds of as govt steps) (9) unanticipated issues or delays with the phased implementation of a international organization useful resource organizing (ERP) procedure, or stability breaches and other disruptions to the Firm’s info technologies infrastructure (10) the impression of acquisitions, strategic alliances, divestitures and other abnormal occasions ensuing from portfolio management steps and other evolving business enterprise techniques, and probable organizational restructuring (11) operational execution, which include situations where by the Organization generates much less productivity advancements than approximated (12) monetary current market threats that may possibly influence the Firm’s funding obligations underneath outlined benefit pension and postretirement designs (13) the Company’s credit score rankings and its price tag of cash and (14) tax-relevant exterior situations, which include adjustments in tax costs, rules or polices. Modifications in this kind of assumptions or aspects could produce substantially unique effects. A further more description of these aspects is positioned in the Stories under “Cautionary Take note Relating to Elements That Might Have an effect on Potential Success” and “Threat Elements” in Portion I, Merchandise 1 and 1A (Yearly Report) and in Aspect I, Product 2 and Aspect II, Merchandise 1A (Quarterly Reviews), as updated by applicable Latest Experiences on Sort 8-K. The information and facts contained in this push release is as of the date indicated. The Organization assumes no obligation to update any ahead-wanting statements contained in this press release as a result of new facts or long run occasions or developments.
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