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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.
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September 15, 2014
06:33 EDTWHRWhirlpool receives final CSRC approval for majority stake acquisition in Hefei
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