Pinwan, December 21, according to MarketWatch news, 3M said on Tuesday that it will take a non-cash fee of 1.3 billion to 2.3 billion US dollars before the end of 2025 to withdraw from the company’s production of fluoropolymers, fluorinated fluids and products based on perfluorinated and polyfluoroethylene. Business of additive products for fluoroalkyl substances (PFAS).
According to the CDC, many PFAS products are of concern because the substances do not break down in the environment, can leach into soil and contaminate drinking water sources, and can also accumulate in fish and wildlife (bioaccumulation ).
3M said it will continue to pursue remediation of PFAS and use the litigation at its discretion by defending itself in court or negotiating a settlement. These charges include an expected fourth quarter charge of $700 million to $1 billion. 3M says its PFAS business has annual sales of about $1.3 billion.
Source: official website
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