Archive for the ‘3M’ Category

3M sues price-gougers who used Amazon to sell masks at 1,800% markup

June 10th, 2020
A store window includes a bust of Michelangelo's David.

Enlarge / The (replica) disembodied marble head of David probably didn't need a 3M mask, but he nonetheless looked fashionable sporting it in the window of a jewelry shop in Switzerland in March 2020. (credit: Christiane Oelrich | picture alliance | Getty Images)

3M—which manufactures N95 filtration masks that have been in high demand since the COVID-19 pandemic began—is suing merchants who used Amazon to sell 3M and counterfeit masks for more than 18 times their standard price.

A group of third-party merchants on Amazon "operated an illegal scheme to advertise and sell counterfeit, damaged, deficient, or otherwise altered respirators" to customers, 3M alleges in the complaint (PDF), filed in federal court in California.

3M has drastically increased its production of N95 respirator masks, the company says, but has kept its pricing between $0.63 and $3.40 per mask, depending on the model. The resellers in the suit, however, were allegedly selling a model that has a typical list price of $1.27 for for an average of $23.21 per mask, more than 18 times higher than 3M's price.

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Posted in 3M, Biz & IT, COVID-19, masks, N95 masks, Policy, price gouging | Comments (0)

“We hit 3M hard“—Trump orders 3M to keep US-made masks in the US

April 3rd, 2020
“We hit 3M hard“—Trump orders 3M to keep US-made masks in the US

Enlarge (credit: pengpeng/Getty Images)

Minnesota manufacturing giant 3M warned Friday that a Trump administration order reserving US-made N95 masks for the US market could backfire. Demand for these masks, also known as respirators, has surged in recent weeks because they help protect health care workers from contracting COVID-19.

"Ceasing all export of respirators produced in the United States would likely cause other countries to retaliate and do the same," a 3M statement warned. "If that were to occur, the net number of respirators being made available to the United States would actually decrease."

The statement was a response to President Trump's Thursday decision to invoke the Defense Production Act against 3M. The 1950 law gives the president broad powers to order US companies to devote manufacturing capacity to products that are essential to national defense.

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