Whirlpool Wins Decision in Case Against LG, Samsung
Jan 15, 2014
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Whirlpool Corp. won a decision in its appeal of a case aimed at stopping what it sees as dumping of refrigerators on the U.S. market by Korean appliance makers LG and Samsung.
On January 13, the U.S. Court of International Trade agreed with Whirlpool Corp. that the U.S. International Trade Commission made errors in a decision involving dumped and subsidized refrigerators from LG and Samsung. As a result of the January 13 ruling, the court ordered the Trade Commission to reconsider whether the refrigerators, dumped at margins up to 15%, caused material injury to U.S. manufacturing.
"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.
"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 consumers."
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.
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