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Mon April 4, 2011
Whirlpool accuses rivals of dumping
Whirlpool is accusing two rival appliance makers of dumping refrigerators on the U.S. market. Benton Harbor-based Whirlpool named Samsung Electronics and LG Electronics in an anti-dumping petition filed with the U.S. Commerce Department last week.
Whirlpool accuses the companies of selling refrigerators below cost in the U.S.
Kenneth Zener is a financial analyst with Key Bank.
“Whirlpool is the largest appliance manufacturer worldwide. I think they have a good understanding of what it costs to make an appliance. And they are asserting that it is upwards of 30% below the construction price for the items identified in the petition."
The Commerce Department is not expected to rule on whirlpool’s petition until next year.
If Whirlpool wins its case, the federal government could impose higher import duties on the dumped refrigerators.