Whirlpool Scores Another Win for U.S. Workers
Case about unlawfully dumped LG and Samsung refrigerators sent back to
International Trade Commission
BENTON HARBOR, Mich., Jan. 13, 2014
BENTON HARBOR, Mich., Jan. 13, 2014 /PRNewswire/ --Whirlpool Corporation
(NYSE: WHR) today won a key decision in its appeal of a case intended to stop
unlawful refrigerator dumping by LG and Samsung in the U.S. market.
(Logo: http://photos.prnewswire.com/prnh/20040202/DETU004LOGO )
"Today's decision is part of a series of important strides by the government
in response to our actions to ensure a balanced competitive marketplace for
U.S. manufacturers, their employees and customers," said Jeff Fettig, chairman
and chief executive officer, Whirlpool Corp.
The U.S. Court of International Trade agreed with Whirlpool Corporation that
the U.S. International Trade Commission made significant errors in a decision
involving dumped and subsidized refrigerators from LG and Samsung. As a result
of today's ruling, the court ordered the Trade Commission to reconsider
whether the refrigerators, dumped at margins up to 15 percent, caused material
injury to U.S. manufacturing.
"We feel vindicated by the court's decision affirming our appeal," said
Fettig. "This ruling is particularly important, following on the heels of last
year's unanimous decision that LG and Samsung were dumping large residential
washers and injuring the U.S. market. Whirlpool is fully committed to our U.S.
manufacturing operations and American workers, and we remain focused on
producing forward-thinking refrigeration innovation inspired by our
In evaluating Whirlpool's core claim that the Commission's decision
erroneously "double counted" key data, the court agreed that there was a
"potentially significant difference" that warranted reconsideration. In
remanding the case, the court expressed "sufficient doubt that the ITC would
have reached the same conclusion," and instructed it to revisit both its
volume and price analysis.
As the world's leading player in the home appliance industry, 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 a leading manufacturer and marketer of major home
appliances, with annual sales of approximately $18 billion in 2012, 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.
SOURCE Whirlpool Corporation
Contact: Whirlpool Corporation: Media: 269/923-7405, Media@Whirlpool.com;
Financial: Joe Lovechio, 269/923-2641, Investor_Relations@Whirlpool.com
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