3M Corp., which is ending manufacturing of PFAS at the end of 2025, said it will be a case of shutting up shop and walking away when the time comes.
The company has no intention of selling or monetising any part of this business, CEO Mike Roman reiterated on a call today.
“We plan to shut them down as we work through the transition,” Roman said.
The US company is working with customers to manage the wind-down of contracts. As well as pulling out of manufacturing, 3M will “work to discontinue” use of PFAS in products across its entire portfolio.
The exit will cost 3M between $1.3 billion to $2.3 billion, with the company already booking an $800 million charge in the fourth quarter.