LG Contests Preliminary ITC Vote in Washing Machine Antidumping, Countervailing Duty Investigation

News provided by

Feb 10, 2012, 11:19 ET

WASHINGTON, Feb. 10, 2012 /PRNewswire/ -- In light of today's preliminary injury vote by the U.S. International Trade Commission (ITC), LG Electronics is prepared to show how imports of large residential washing machines from Korea have not injured the U.S. domestic industry, principally Whirlpool Corporation.

(Logo: http://photos.prnewswire.com/prnh/20110203/CG42292LOGO-d)

While LG respects the work the ITC Staff and Commissioners have devoted to this case so far, the company disagrees with the preliminary determination of presumed injury by washing machine imports from Korea and Mexico. (LG only imports washers from Korea.)

Noting that the statutory standard at this preliminary stage of the proceeding is a very low threshold, the company said it will aggressively contest the injury-related issues in the final determination phase of the case.

"LG looks forward to the opportunity to show why imports from LG, a leading innovator in the washer machine industry, have in no manner injured Whirlpool," said Chris Jung, President, Home Appliances, LG Electronics USA, Inc. "We are confident that LG will prevail in the final ITC determination."

About LG Electronics USA

LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a $49 billion global force and technology leader in home appliances, consumer electronics and mobile communications. In the United States, LG Electronics sells a range of stylish and innovative home appliances, home entertainment products, mobile phones, commercial displays, air conditioning systems and solar energy solutions, all under LG's "Life's Good" marketing theme. For more information, please visit www.lg.com.

SOURCE LG Electronics USA