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LG to contest trade findings

May 16, 2011
The Mining Journal

WASHINGTON (AP) - LG Electronics Inc. said Friday that it will contest a finding that U.S. rivals such as Whirlpool Corp. are being hurt by imports of bottom-mount refrigerators from South Korea and Mexico.

The U.S. International Trade Commission said on Friday that there is a "reasonable indication" that the U.S. appliance market is being materially injured by the imports.

As a result, the Commerce Department will continue its countervailing duty investigation on imports of the refrigerators from South Korea, and its antidumping duty investigations on imports of the products from South Korea and Mexico. Its preliminary countervailing duty ruling is due June 23, while the preliminary antidumping ruling is expected by Sept. 6.

LG said it disagrees with the finding and will aggressively contest it during the final determination phase.

Whirlpool said it is pleased with the ITC's preliminary finding.

 
 

 

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