Decisive Ruling by U.S. Department of Commerce Provides Strong Support for U.S. Manufacturers

  Decisive Ruling by U.S. Department of Commerce Provides Strong Support for
                              U.S. Manufacturers

PR Newswire

BENTON HARBOR, Mich., Dec. 19, 2012

BENTON HARBOR, Mich., Dec. 19, 2012 /PRNewswire/ --The U.S. Department of
Commerce (DOC) today took an important step toward leveling the playing field
for U.S. manufacturers as it gave its final ruling in a case involving imports
of large residential washers from South Korea and Mexico. The DOC concluded
that foreign manufacturers, including LG and Samsung, are dumping large
residential washers into the U.S. market, violating U.S. and international
trade laws.

Today's ruling is in response to a petition filed by Whirlpool Corporation
(NYSE: WHR) in December 2011 to promote a fair and open global trading system,
to provide U.S. consumers with greater choice and to reinforce its ability to
continue to innovate and invest in the United States.

"This decision is an important victory for our 22,000 dedicated U.S.
employees, the consumers we serve and the U.S. appliance industry," said Marc
Bitzer, President, Whirlpool North America Region. "Whirlpool has made
substantial investments to increase production here in the United States and
to fuel innovation that creates superior products for consumers. On a level
playing field, we are confident that Whirlpool will continue to produce
leading innovative products demonstrating the vitality of American

The DOC announced the following dumping margins for South Korean and Mexican

South Korean Producers
LG   13.02percent
Samsung       9.29percent
Daewoo     82.41percent
Mexican Producers
Samsung    72.41percent
Electrolux 36.52percent
                  72.41 percent (the company has discontinued its shipments
Whirlpool         of washers from Mexico for sale in the U.S.; thus, no cash
                  deposits will be required)

In a separate case, the DOC today ruled that unlawful subsidies were provided
on the same products from South Korea. The DOC determined countervailing duty
margins of72.30 percent for Daewoo and 1.85 percent for Samsung.

As part of the company's strategic commitment to invest in U.S. manufacturing
to supply the U.S. market, Whirlpool Corp. has made significant investments at
its Clyde, Ohio, plant where it manufactures large residential washers. As a
result of these investments, Whirlpool Corp. now manufacturers all of its
large residential washers for the U.S. market in Clyde, Ohio.

For additional information and to view the petition, please visit


                 U.S. International Trade Commission (ITC) expected to vote
January 18, 2013 regarding injury to the domestic industry caused by the
                 dumped and subsidized imports
February 2013    Final orders published with the issuance of final affirmative
                 determinations from the DOC and the ITC

About Whirlpool Corporation

Whirlpool Corporation is the world's leading manufacturer and marketer of
major home appliances, with annual sales of approximately $19 billion in 2011,
68,000 employees, and 65 manufacturing and technology research centers around
the world. The company markets Whirlpool, Maytag, KitchenAid, Jenn-Air, Amana,
Brastemp, Consul, Bauknecht and other major brand names to consumers in nearly
every country around the world. Additional information about the company can
be found at

Forward-looking Statement

This document contains forward-looking statements about Whirlpool Corporation
and its consolidated subsidiaries ("Whirlpool") that speak only as of this
date. Whirlpool disclaims any obligation to update these statements.
Forward-looking statements in this document may include, but are not limited
to, statements regarding expected earnings per share, cash flow, productivity
and material and oil-related prices. Many risks, contingencies and
uncertainties could cause actual results to differ materially from Whirlpool's
forward-looking statements. Among these factors are: (1) intense competition
in the home appliance industry reflecting the impact of both new and
established global competitors, including Asian and European manufacturers;
(2) Whirlpool's ability to continue its relationship with significant trade
customers and the ability of these trade customers to maintain or increase
market share; (3) changes in economic conditions which affect demand for our
products, including the strength of the building industry and the level of
interest rates; (4) inventory and other asset risk; (5) global, political
and/or economic uncertainty and disruptions, especially in Whirlpool's
significant geographic regions, including uncertainty and disruptions arising
from natural disasters or terrorist attacks; (6) The impact of the European
debt crisis; (7) the ability of Whirlpool to achieve its business plans,
productivity improvements, cost control, price increases, leveraging of its
global operating platform, and acceleration of the rate of innovation; (8)
fluctuations in the cost of key materials (including steel, oil, plastic,
resins, copper and aluminum) and components and the ability of Whirlpool to
offset cost increases; (9) litigation and legal compliance risk and costs,
especially costs which may be materially different from the amount we expect
to incur or have accrued for; (10) product liability and product recall
costs; (11) the effects and costs of governmental investigations or related
actions by third parties; (12) Whirlpool's ability to obtain and protect
intellectual property rights; (13) the ability of suppliers of critical
parts, components and manufacturing equipment to deliver sufficient quantities
to Whirlpool in a timely and cost-effective manner; (14) health care cost
trends, regulatory changes and variations between results and estimates that
could increase future funding obligations for pension and post retirement
benefit plans; (15) information technology system failures and data security
breaches; (16) the impact of labor relations; (17) our ability to attract,
develop and retain executives and other qualified employees; (18) changes in
the legal and regulatory environment including environmental and health and
safety regulations; and (19) the ability of Whirlpool to manage foreign
currency fluctuations. Additional information concerning these and other
factors can be found in Whirlpool Corporation's filings with the Securities
and Exchange Commission, including the most recent annual report on Form 10-K,
quarterly reports on Form 10-Q, and current reports on Form 8-K.

SOURCE Whirlpool Corporation

Contact: Whirlpool Corporation, Media: +1-269-923-7405,,
or Financial:
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