LG Disputes Prelim Ruling On Washing Machines
By TWICE Staff On Jul 30 2012 - 8:31pm
Washington - LG
Electronics disputed the U.S. Department
of Commerce's preliminary determination of dumping margins announced today in
an anti-dumping investigation of large residential washing machines imported
LG said in a
statement that, although it has just started studying the notice, the
government's calculations appear to be significantly overstated. While pledging
to continue to cooperate fully with the Commerce Department on this
investigation, the company vowed to aggressively contest the calculations
before the final determination is issued in this investigation, expected in
preliminary determination of a 12.15 percent dumping margin for imports of LG
washing machines follows the Commerce Department's "de minimis"
countervailing duty preliminary determination in May, effectively finding that
LG washers are not improperly subsidized by the government of Korea.
Regardless of the
Commerce Department's final determinations, LG Electronics said it is confident
that the U.S. International Trade Commission (ITC) will find that imports of LG
washing machines from Korea have not injured the domestic industry, principally
Whirlpool Corporation, which launched this investigation. The ITC's decision on
the injury issue is expected in January 2013.