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3M warns of slowdown in China, trims sales forecast

Reuters 

(Reuters) - 3M Co became the latest major U.S. manufacturer to warn that a slowdown at its Chinese business was hurting revenue, as it tempered its overall sales projections on Tuesday.3M, which makes everything from adhesive tapes to air filters, said it saw sluggish sales in its global automotive and electronics business led by weak customer demand in China.Wall Street investors have been spooked by bleak forecasts from a range of companies including iPhone maker Apple Inc and heavy machinery producer Caterpillar Inc, which are fanning fears of a slowdown in the world's second largest ...

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First Published: Tue, January 29 2019. 23:38 IST
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