Whirlpool Corporation Pleased With Positive U.S. ITC Vote in Washing Machine Case
"The ITC vote is an important win for American manufacturers and American workers," said
The ITC will vote on a remedy in November before making an official recommendation to the president in December. The safeguard petition applies to finished large residential washing machines as well as major parts, including the washer cabinet, assembled washer tubs and assembled washer baskets. This scope ensures Samsung and LG are not able to circumvent the eventual remedy by establishing what are known as "screwdriver operations," a facility that assembles major parts delivered to it from overseas for final assembly, rather than a full product manufacturing plant in
The president will then have approximately two months to consider ITC's recommendations and to fashion a remedy that he deems most appropriate.
Background on the Safeguard Petition:
A safeguard petition is the only effective means available to the
Samsung and LG's Pattern of Country Hopping to Avoid
- In 2013, the
U.S. Governmentfound that Samsung and LG were unlawfully dumping South Korean and Mexican washers into the United States.
- The two companies responded by moving washer production to
Chinato continue their illegal dumping behavior.
- In late 2015,
Whirlpool Corp.filed a new petition to address the Samsung and LG production now coming from China. In reaction, Samsung and LG immediately began stockpiling product into the United Statesand moving their production again—this time to factories in Vietnamand Thailand.
- Earlier this year, the
U.S. Governmentissued a new antidumping order against Samsung and LG in China. But the two companies already had made great strides in their second end run around U.S.trade laws and have continued their assault on American manufacturers and workers.
May 31, WhirlpoolCorp.—led by 2,464 of its more than 3,000 Clyde, Ohio, manufacturing employees—filed a safeguard petition with the U.S.ITC to end this pattern of serial country-hopping to circumvent these trade orders. More than 50 Clyde employees made the trip to Washingtonto attend the ITC safeguard hearing on Sept. 7.
Certain statements in this press release relating to the safeguard petition and the expected timing for resolution and benefits to the company constitute "forward-looking statements" within the meaning of the federal securities laws. These statements reflect management's current expectations regarding future events and speak only as of the date of this press release. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance and will not necessarily be accurate indications of whether or not, or the times at or by which, events will occur. Actual performance may differ materially from that expressed or implied in such statements. Important factors that could cause actual results to differ materially from these expectations include, among other things, the risk that the timing for resolution of these matters may be
significantly delayed, that our petition may not be successful, and that we may not realize expected benefits following resolution of our petition. In addition to these risks, reference should also be made to the factors discussed under "Risk Factors" in
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