BENTON HARBOR, Mich.,
Jan. 10, 2017 /PRNewswire/
-- Today the U.S. International Trade Commission unanimously
ruled that Samsung and LG caused injury to the U.S. appliance
industry by selling their China-produced washing machines in the U.S.
for less than they cost to make. Whirlpool Corporation reports that
this vote is the final step in the government's investigation it
initiated in December 2015. Whirlpool
filed the case to help ensure free trade so U.S. manufacturers can
continue to create jobs, invest in new facilities and undertake
research to drive innovation.
Today's vote follows a U.S. Department of Commerce ruling last
month that Samsung and LG violated U.S. and international trade
laws by dumping clothes washers from China into the
United States. Samsung and LG now must pay antidumping
duties at the substantial rates set by the DOC ─ margins of
52.51 percent for Samsung and 32.12 percent for LG.
"This is a gratifying win for American manufacturing,
particularly our more than 3,000 employees at our factory in
Clyde, Ohio, who make clothes
washers for American consumers," said Jeff
Fettig, chairman and chief executive officer of Whirlpool
Corp. "The government made the right decision today, affirming that
Samsung and LG's long-term pattern of serial dumping injures
American appliance manufacturers and threatens U.S. jobs. By
enforcing and applying trade remedies that help ensure fair
competition, the government supports a solid U.S. manufacturing
base and continued investments in innovation that improve the lives
of consumers."
This ruling comes just four years after the government found
Samsung and LG guilty of dumping washers from factories in Korea
and Mexico. Following that 2013
ruling, the companies moved their washer production to China in an effort to circumvent the
orders.
To learn more about Whirlpool Corp.'s U.S. investments and prior
trade case, visit its website: WhirlpoolCorp.com/fair-trade.
About Whirlpool Corporation
Whirlpool Corp. (NYSE:
WHR) is the number one major appliance manufacturer in the world,
with approximately $21 billion in
annual sales, 97,000 employees and 70 manufacturing and technology
research centers in 2015. The company markets Whirlpool,
KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air,
Indesit and other major brand names in nearly every country
throughout the world. Additional information about the company can
be found at WhirlpoolCorp.com, or find us on Twitter at
@WhirlpoolCorp.
Whirlpool Corp. in the United
States
More than 80 percent of the products sold by
Whirlpool Corp. in the United
States are assembled in the United
States. The company's Clyde,
Ohio, washing machine manufacturing facility not only meets
America's washers needs but also exports 10 percent of the washers
it makes to meet the needs of families throughout the world. In
the United States, the company's
investments include $1.6 billion in
supply chain spending, $7.4 billion
in manufacturing spending and more than $1
billion in its U.S. facilities since 2010. Whirlpool employs
approximately 25,000 people in the United
States, with 15,000 of those jobs being held by
manufacturing workers in its nine U.S. production plants.
Whirlpool Corp. in China
Whirlpool Corp. has a two-decade
history meeting the needs of Chinese consumers through significant
manufacturing and research and development investments in the
country. The company has more than 20,000 employees in Beijing, Shanghai, Shandong, Zhejiang, Guangdong, and Anhui provinces. China is an important growth market for
Whirlpool Corp., and the company is quickly expanding its
investment in the country.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/for-the-second-time-samsung-and-lg-found-guilty-of-unlawful-trade-practices-that-hurt-us-appliance-industry-workers-300388697.html
SOURCE Whirlpool Corporation