Commerce Department sides with Whirlpool
After investigating pricing practices among foreign appliance makers, the U.S. Commerce Department ruled on March 19 that two South Korean manufacturers and four Mexican producers were guilty of “dumping” their bottom-mount refrigerators on the U.S. market by selling them at less than fair value. The case was opened in response to a complaint filed by U.S. manufacturer Whirlpool.
LG Electronics and Samsung Electronics, the two South Korean appliance makers, were determined to have a 15.41% and 5.16% dumping margin, respectively. For the appliances produced in Mexico, the findings were 30.34% for LG Electronics; 15.95% for Samsung; 6.0% for Mabe and 22.94% for Electrolux.
In a prepared statement, LG Electronics noted that the Commerce Department found in its favor on one issue: whether LG refrigerators were illegally subsidized. (The ruling was a “negative final determination.”) As for the anti-dumping finding, LG said it would “aggressively contest” the Commerce Department’s conclusion that LG’s bottom-mount refrigerator-freezers imported from Korea and Mexico are sold at dumped prices in the