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Whirlpool Corp. issued a statement saying it was pleased with the U.S. Department of Commerce's final affirmative determinations of dumping margins in the anti-dumping investigations related to bottom-mount refrigerators from South Korea.
Whirlpool filed anti-dumping and countervailing duty petitions under U.S. and international trade laws in March 2011, saying it was seeking to establish conditions of fair competition in the U.S. market. Whirlpool products affected by the case are made in Amana, Iowa, where it has about 2,200 employees.
Whirlpool said that, in its final determination, the Commerce Department found company-specific dumping margins for two South Korean producers:
* LG Electronics 15.41%
* Samsung Electronics 5.16%
The Commerce Department found company-specific dumping margins for four Mexican producers:
* LG Electronics 30.34%
* Samsung Electronics 15.95%
* Mabe 6.0%
* Electrolux 22.94%
In its separate countervailing duty case related to the same products from South Korea, the Commerce Department found countervailing margins of 12.9% for South Korean exporter Daewoo and 2.46% for South Korean exporter Samsung.
The U.S. International Trade Commission will make a final injury determination in April.
Whirlpool said it is confident that the investigations will ultimately lead to trade remedies against bottom-mount refrigerators from South Korea and Mexico by May 2012.
"As the world's leading home appliance maker, we are taking a stand with these petitions to protect our 23,000 U.S. employees who produce the innovative and high quality products that consumers demand," said Marc Bitzer, president of Whirlpool North America.
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