Investor Alert

New York Markets Close in:

Market Pulse Archives

March 31, 2020, 3:50 p.m. EDT

3M says it continues to see counterfeit, overpriced masks being sold

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    3M Co. (MMM)

or Cancel Already have a watchlist? Log In

By Claudia Assis


3M Co. /zigman2/quotes/205029460/composite MMM -0.46% on Tuesday said it was working with authorities worldwide and e-commerce marketplaces to curb price gouging, fraud, and the selling of counterfeit masks and its other healthcare supplies used to combat the COVID-19 pandemic. "3M has received reports of people fraudulently representing themselves as being affiliated with 3M, selling 3M products at grossly inflated prices, selling counterfeit products falsely claimed to be from 3M and falsely claiming to manufacture 3M products," the company said in a statement. "We are working with law enforcement authorities around the world on this matter, including federal, state, and local authorities in the U.S." In addition, e-marketplace operators and 3M are coordinating efforts to remove the false or price-gouging listings from their site, the company said. The company has created a hotline to call for information on how to help identify authentic 3M products and to ensure products are from 3M authorized distributors. The number in the U.S. and Canada is 800-426-8688. 3M also said its has doubled its global output of N95 respirator masks, in high demand worldwide, to an annual rate of more than 1.1 billion, or about 100 million per month. Also see: Biggest maker of medical face masks in U.S. is warning of an outbreak ... of fraud

$ 200.43
-0.93 -0.46%
Volume: 749,892
June 15, 2021 12:42p
P/E Ratio
Dividend Yield
Market Cap
$116.72 billion
Rev. per Employee

Get news alerts on 3M Co. — or create your own.
This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.