March 21, 2008, St. Paul, MN--3M will headquarter its Optical Systems business in North Asia, effective immediately, as part of the company's overall strategy to accelerate growth by moving closer to customers. "The move will improve 3M's ability to respond to liquid-crystal display (LCD) panel customers more quickly in this fast-paced market and helps ensure long-term sustainable success for our enduring franchise," said Mike Kelly, executive VP, 3M Display and Graphics.
Headquartering the business in Asia will further improve customer intimacy and response rates. 3M announced last fall that its LCD optical film business would undergo a transition to expand its product offering beyond high-performance, high-price films to include basic performance, competitively priced films for all segments of the LCD industry.
3M's optical films are used to make electronic displays, such as LCD TVs, laptops and cell phones, significantly brighter than displays without enhancement films, more energy efficient, and more vibrant in real-life lighting conditions by optimizing and recycling light. By enabling vivid, lifelike pictures in environments ranging from natural daylight to a darkened room, optical films from 3M offer consumers more flexibility to use their electronic devices in a variety of locations without sacrificing picture quality.
For more information, visit www.3m.com.