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3M Rolls Out 5-Year Plan, With Hopes of Tapping Growth in China

2016-03-29 21:38:09| Chemicals - Topix.net

The primary objectives that CEO Inge Thulin offered at the conference include projections of 8% to 11% growth in earnings per share through 2020; 2% to 5% organic growth based on local currency sales; 20% return on invested capital; and robust free cash flow to help pay down 3M's roughly $11 billion in total debt. "These objectives reflect our confidence in driving efficient growth -- that is, strong, sustainable growth and premium returns -- well into the future," Thulin said in a release.

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