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December 19, 2012
14:50 EDTWHRWhirlpool: Department of Commerce finds foreign manufacturers guilty of dumping
The U.S. Department of Commerce gave its final ruling in a case involving imports of large residential washers from South Korea and Mexico, Whirlpool announced. The DOC concluded that foreign manufacturers, including LG and Samsung, are dumping large residential washers into the U.S. market, violating U.S. and international trade laws. The DOC announced the following dumping margins for South Korean Producers: LG, 13.02%; Samsung, 9.29%; and Daewoo, 82.41%. The DOC announced the following dumping margins for Mexican producers: Samsung, 72.41%; Electrolux, 36.52%; and Whirlpool, 72.41%. Whirlpool said it has discontinued its shipments of washers from Mexico for sale in the U.S.; thus, no cash deposits will be required. In a separate case, the DOC ruled that unlawful subsidies were provided on the same products from South Korea and the DOC determined countervailing duty margins of 72.30% for Daewoo and 1.85% for Samsung, according to Whirlpool.
News For WHR From The Last 14 Days
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May 21, 2015
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May 20, 2015
13:41 EDTWHRItaly says Whirlpool's plan to cut nearly 2,000 jobs 'disgraceful,' Reuters says
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10:22 EDTWHRWhirlpool backs view of up to $300M in restructuring charges in FY15
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May 19, 2015
13:11 EDTWHRWhirlpool strength attributed to favorable AHAM industry data
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May 18, 2015
14:01 EDTWHRWhirlpool enters agreement to acquire American Dryer Corporation
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May 15, 2015
16:28 EDTWHRAppaloosa Management gives quarterly update on stakes
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09:03 EDTWHRBofA/Merrill says to buy Home Depot, Lowe's and Whirlpool
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