NEW YORK, NY, USA/LEIPZIG, Germany: The Chief Executive Officer of 3M George Buckley has announced that his company intents to seize more overseas opportunities in regions like Asia Pacific in the upcoming business year. Speaking to investors in New York in December, he said that he expects revenues to growth by 11 to 13 per cent in emerging markets like China or India. Due to the worst economic downturn in 80 years, US sales of the company have suffered significantly in 2009.

Despite the outlook of a slow economic recovery, Buckley outlined his company’s ongoing commitment to investing in its core businesses while continuing to focus on cash generation in light of the still uncertain global economy. The company, who has its US headquarters in St Pauls, Minnesota, offers a wide array of dental products through its dental division 3M Espe including adhesives, dental cements and products for restorative and aesthetic dentistry.

According to latest estimates, the company anticipates sales to reach US$24.5 billion to US$25.5 billion in 2009, with organic sales volumes growing 5 to 7 percent. Earnings in 2010 are projected between US$4.85 and US$5.00 per share, a slight increase compared to 2009.