Core Viewpoint - Whirlpool has accused competitors, including Samsung, LG Electronics, and GE Appliances, of undervaluing imported appliances to evade tariffs imposed by the Trump administration [1][5][7]. Group 1: Allegations and Evidence - Whirlpool's research indicates that the declared cost of gas ranges from Thailand dropped by over 50% to $175, while washing machines from South Korea fell from $838 to $73 [2]. - The retail prices of these appliances remained unchanged despite the significant reductions in declared values, coinciding with tariff rates increasing by up to 60% [3]. - Whirlpool has not filed a formal complaint but has shared its findings with US Customs and Border Protection and other agencies [3]. Group 2: Industry Response - Whirlpool's adviser expressed confidence that the administration would address any customs duty evasion swiftly [4]. - GE Appliances responded to Whirlpool's claims, labeling them as unsupported and irresponsible, emphasizing their commitment to compliance [9]. - Samsung has demanded that Whirlpool retract its statements and stop spreading inaccurate information [11]. Group 3: Market Dynamics - Whirlpool noted a significant increase in imported appliances alongside a drastic drop in their reported values over the summer [7]. - The company manufactures 80% of its products in the US, highlighting its domestic production focus [9]. - GE Appliances announced a $3 billion plan to expand US production over the next five years, relocating some operations from overseas [15].

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Core Viewpoint - Jøtul AS has successfully completed a recapitalization and debt reduction through a significant debt-to-equity conversion in April 2025, positioning the company for future growth and operational improvements [1][9]. Company Restructuring - The next step in the restructuring process is to operationalize and accelerate a profitable growth strategy for Jøtul, with Erik Øyno appointed as executive chairman alongside board members Julie Berg and Ole Kristian Sivertsen [2][10]. - Shareholders have granted a company owned by Øyno subscription rights of up to 5% of the shares on terms equal to the equity conversion completed in April [2][10]. Leadership Experience - Erik Øyno brings decades of CEO experience, having previously led Protan, Aktiv Kapital, and Byggmakker, focusing on growth and profitability improvements [3][11]. - Julie Berg has extensive CFO experience, currently serving as CFO of Mainstream and previously at Aker Carbon Capture, with over 20 years in auditing and advisory roles [4][12]. - Ole Kristian Sivertsen has significant international experience in various executive roles, including CEO and CFO, and has worked in corporate restructuring and finance for decades [5][13]. Shareholder Confidence - The company's shareholders have confidence in Jøtul's potential and have selected board members dedicated to continuous improvement and driving the business forward [6][14]. - With a robust and healthy balance sheet, Jøtul is well-equipped to seize new opportunities and enhance its competitive position in the market [6][14]. Strategic Vision - Øyno emphasizes that with an improved financial foundation and focused ownership structure, Jøtul can accelerate and expand its strategic priorities, reinforcing its position as one of the largest producers of stoves and fireplaces in Europe [7][15].