Samsung Statement on U.S. Department of Commerce Preliminary Finding on Refrigerator Dumping Investigation

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Oct 27, 2011, 03:35 ET

RIDGEFIELD, N.J., Oct. 27, 2011 /PRNewswire-USNewswire/ -- Samsung is disappointed with the U.S. Department of Commerce's preliminary findings regarding a segment of the refrigerator market, bottom-mount refrigerators, produced by Samsung in Korea and Mexico. Samsung disagrees with the preliminary findings, and is confident that once the full investigation is concluded, the Department of Commerce will determine that Samsung is in compliance with U.S. trade laws.

The Department of Commerce took exception to the manner in which Samsung provided certain information and, as a result, made adverse assumptions in its calculations of the antidumping margins. However, the Department of Commerce has requested that Samsung provide the needed information in a different form, which it has agreed to consider before issuing its final determinations. We believe that Samsung is in compliance with U.S. trade laws, and we intend to present factual data and information to that end during the full investigation.

Samsung's market leadership is built upon our innovative technologies and products, which satisfy the highest standards in design, performance and quality. We expect our business to continue to thrive due to our delivery of an excellent product experience to consumers.

SOURCE Samsung