3M (NYSE:MMM) says it expects to produce N95 respirators at a rate of 50M per month in June, a 40% increase from current levels.
The company says it has increased its output of the respirators to nearly 100M per month.
3M also is partnering with Ford (NYSE:F)
to bolster production of powered air purifying respirators with the
goal of increasing production by 6x within the next 60-90 days.
The company says it is working with law
enforcement to fight “price gouging, fraud and counterfeit activity” in
connection with its products, and that it has not changed its prices for
respirators as a result of the coronavirus.
https://seekingalpha.com/news/3557009-3m-ramping-up-n95-respirators-to-reach-50m-per-month-in-june
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