Tagged: whirlpool

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.

The head of Michigan-based Whirlpool says the United States is a smart place for the appliance giant to invest.

The company announced last year that it planned to sink $1 billion into its United States operations over the next four years. CEO Jeff Fettig says since then, he’s fielded lots of questions about why and how the company planned to do that.