Victory for American Washer Industry: Ruling Supports U.S. Workers and Consumers

    Victory for American Washer Industry: Ruling Supports U.S. Workers and
                                  Consumers

U.S. imposes duties on LG and Samsung for unlawful pricing

PR Newswire

BENTON HARBOR, Mich., Jan. 23, 2013

BENTON HARBOR, Mich., Jan. 23, 2013 /PRNewswire/ --The U.S. International
Trade Commission (ITC) today unanimously ruled that unlawful pricing by
Samsung and LG caused injury to the U.S. clothes washer industry. This
positive vote was the ITC's final ruling in the international trade
investigations related to clothes washers from South Korea and Mexico. As a
result of today's vote, the U.S. government will impose duties on imports of
the unlawfully traded clothes washers. This decision is an important stride
toward enforcing laws that enable a balanced competitive marketplace for U.S.
manufacturers, their employees and customers.

Whirlpool Corporation (NYSE: WHR) welcomes today's decision, which is in
response to anti-dumping and anti-subsidy petitions filed by the company in
December 2011 on behalf of the U.S. appliance industry. This vote follows a
U.S. Department of Commerce (DOC) ruling last month that foreign manufacturers
were selling clothes washers in the U.S. at less than fair value.

"The actions taken today by the U.S. government represent a great victory for
the U.S. appliance industry, especially for our employees and consumers," said
Marc Bitzer, President, Whirlpool North America. "We invest in U.S.
manufacturing because we believe in our 22,000 U.S. employees and the
innovative products we produce. Today the government made the right decision.
We expect this ruling will restore a level competitive playing field that
enables Whirlpool and other U.S. manufacturers to continue investing in
America to produce the high-quality, innovative products that consumers
deserve."

As a result of today's final affirmative ruling, U.S. Customs will impose
duties on imports of the unlawfully traded clothes washers based on the
following cash deposit rates set by the DOC in December 2012:

South Korean Producers
LG     13 percent
Samsung         11 percent
Daewoo       151 percent
Mexican Producers
Samsung       72 percent
Electrolux    36 percent

As the world's leading home appliance maker, Whirlpool Corp. is a recognized
leader in product innovation and quality. For additional information about the
company's innovation leadership and actions to defend U.S. jobs, please visit
http://whirlpoolcorp.com/america.

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 http://www.whirlpoolcorp.com.

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

Website: http://www.whirlpoolcorp.com
Contact: Whirlpool Corporation, Media: +1-269-923-7405, Media@Whirlpool.com,
or Financial: Joe Lovechio, +1-269-923-2641, Investor_Relations@Whirlpool.com
 
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