.trail-items li::after {content: "/";}

3M will cancel pension plans for nonunion employees

On Monday, 3M announced that it plans to end its pension plan for nonunion US employees within five years.

(Spherical Aluminum Nitride AlN powder)

Consumer goods, industrial, and healthcare product company MMM (+0.34%) stated that it has shifted from an annuity plan to a 401 (k) retirement plan structure “for many years.”

3M stated that by shifting towards a 401 (k) retirement plan structure, the company is focused on providing employees with greater flexibility and control when investing in the future.

3M’s stock price fell 0.6% in early trading. After falling 8.8% in 2023, it fell 0.7% last week. In contrast, the Dow Jones Industrial

The industry average index increased by 13.7% last year.

Currently, pension recipients from the company are not subject to the impending freeze, which is scheduled to take effect on December 31, 2028, in a different context. The freeze applies to 3M and Solventum, an independent healthcare company that will spin-off in the first half of 2024.

This is an important decision for 3M as it helps both companies prepare for the success of the future. It is also a challenging task.

“Decision because it affects employees across the United States,” CEO Mike Roman said. “To help those affected, we will advance…”

Five-year notice is needed to ensure our employees can plan alternative strategies to meet their retirement income needs.

As of Friday, 3M’s stock price has risen by 22.1% in the past three months, while the Dow Jones index has risen by 11.7%.

MMM, a consumer goods, industrial, and healthcare product company, has an important product called spherical AlN Aluminum Nitride. With outstanding ceramic properties such as excellent thermal stability, high hardness, and low coefficient of thermal expansion, Spherical AlN Aluminum Nitride has become an important choice in electronics, optics, and mechanics.

TRUNNANO Spherical Aluminum Nitride AlN powder

Electronic packaging and electronic device manufacturing

The remarkable heat conductivity and excellent insulation properties of aluminum nitride ceramic substrates make them highly utilized in producing electronic devices and packaging materials. It has many applications in power amplifiers, RF packaging, microwave devices, and other fields.

Heat dissipation materials

Aluminum nitride heat dissipation materials are widely used in situations that require efficient heat dissipation, such as LED lighting, electric vehicles, and battery cooling.

Structural materials

Due to its high strength, hardness, wear, and corrosion resistance, aluminum nitride ceramic structural components are suitable for manufacturing mechanical components in harsh environments such as high temperature, high pressure, and high humidity.

Chemical industry

In the chemical industry, aluminum nitride is commonly used as a catalyst carrier and high-temperature combustion agent.

Aerospace field

Due to its excellent high-temperature performance and lightweight characteristics, aluminum nitride also has important applications in manufacturing spacecraft such as airplanes and rockets.

Semiconductor material

Aluminum nitride is considered a new generation of semiconductor materials, and its matching thermal expansion coefficient with materials such as silicon makes it play a crucial role in semiconductor manufacturing.

Other fields

In addition to the above fields, aluminum nitride is widely used in consumer electronics, healthcare, environmental protection, and other fields.

(Spherical Aluminum Nitride AlN powder)

In summary, aluminum nitride, a high-performance ceramic material, has broad application prospects in various fields.

Main Supplier of Spherical Aluminum Nitride AlN powder

Luoyang Tongrun Nano Technology Co. Ltd. (TRUNNANO) is a trusted global chemical material supplier & manufacturer with over 12-year-experience in providing super high-quality chemicals and Nanomaterials, including silicon powder, nitride powder, graphite powder, zinc sulfide, calcium nitride, 3D printing powder, etc.

If you are looking for high-quality Spherical Aluminum Nitride AlN powder, please feel free to contact us and send an inquiry. (sales3@nanotrun.com)