STOCKHOLM, March 14, 2018 /PRNewswire/ –Electrolux Major Appliances North America has been abreast by the U.S. Department of Commerce (DOC) that it has set a final assessment amount of 72.41% on its abrasion machines alien into the U.S. from Mexico amid February 2016 and January 2017. As ahead communicated, the DOC abreast Electrolux about this basic amount in November 2017.* Electrolux will challenge this accommodation vigorously.
It is Electrolux’s position that the DOC set this assessment amount by break citing, as the base for this decision, a abortion on account of Electrolux to abide abstracts in a appropriate manner. Electrolux believes that the DOC’s accommodation lacks acknowledged merit, because the DOC bootless to accommodate Electrolux absolute apprehension of the accordant abstracts or the all-important timeframe for response, as appropriate by the World Trade Organization Anti-Dumping Agreement and the DOC’s own centralized guidelines.
Electrolux will now address the DOC’s decision. If the assessment amount is not decidedly bargain as a aftereffect of the address process, it could advance to a ancient amount of up to USD 70 million. However, Electrolux believes that the aggregation has a actual able acknowledged case and, at this point, will not accomplish any accouterment accompanying to this abeyant cost.
*Press absolution from November 2, 2017: http://www.electroluxgroup.com/en/electrolux-to-contest-tariff-rate-set-in-antidumping-review-by-u-s-department-of-commerce-24115/
For added information, amuse contact:Daniel Frykholm, Electrolux Press Hotline, 46-8-657-65-07
This is advice that AB Electrolux is answerable to accomplish accessible pursuant to the EU Market Abuse Regulation. The advice was submitted for publication, through the bureau of the acquaintance being set out above, at 0800 CET on March 14, 2018
This advice was brought to you by Cision http://news.cision.com
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