Whirlpool Corp. (WHR) said that it welcomed 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.
In its final determinations, the Commerce Department found company-specific dumping margins for two South Korean producers (LG Electronics 15.41% and Samsung Electronics 5.16%) and four Mexican producers (LG Electronics 30.34%, Samsung Electronics 15.95%, Mabe 6.0% and 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 company said.
"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, Whirlpool North America.
The U.S. International Trade Commission will make a final injury determination in April. Whirlpool noted that it remains confident that the successful conclusion of these investigations will lead to trade remedies against unlawfully traded bottom-mount refrigerators from South Korea and Mexico by May 2012.
In March 2011, Whirlpool filed these anti-dumping and countervailing duty petitions under U.S. and international trade laws.
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