Fox Business ‘Lydia Hu Join’ this morning with Maria ‘Whirlpool’s Cue Cue Marc Bitzer to discuss President Donald Trump International’s job cuts and benefits to American industry.
Whirlpool Corp. announced plans Wednesday to invest $300 million in its Ohio apparel manufacturing facilities.
The investment from Whirlpool, announced on Wednesday, is part of a series of strategic commitments it has made to expand the American Footprint of the American footprint and will increase the production of its next generation of cleaners and Marion in Clyde and Marion. It will also create between 400 and 600 jobs across its Ohio operations and support nearly 5,000 jobs outside the company, the company said.
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In addition, Bitzer believes that the tariffs will ultimately improve the company’s playing field and promote its competitive position.
The investment from Whirlpool, announced Wednesday, is part of a series of strategic commitments made to expand its American manufacturing base. (George Frey/Bloomberg via Getty Images/Getty Images)
About 80% of Whirlpool’s products are manufactured domestically, which the company says is significantly higher than the competitive average of 25%. For example, it also noted that 96% of the steel used in its American plants is obtained from domestic suppliers. The US production base of US Whirlpool protects us from cost savings, while competitors such as Samsung and LG will face higher prices.
“What tax policy does, it makes the business case, the economic business case, very attractive,” Bitzer told FOX Business Network’s Lydia Hu. The CEO said that the company may have postponed, postponed or “shouldered” to make its 300 million investment.
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A line of New Whirlpool, LG, and Samsung washing machines and refrigerators are displayed at a popular store in Edmonton, Alberta, Canada, on May 7, 2025. (Artur Saphak / Nurphoto via Getty Images / Getty Images)
But now, “any investment is a bet on the future,” he said. “Therefore, our bet is that these tax policies remain, it creates a level playing field and as a result, this economic investment produces a profitable return.”
The latest investment comes on top of the $6 billion the company has invested in US capital, R&D and new product development. This is only part of the $23 billion Whirlpool has spent on its US operations, equipment and personnel.
Exhibitors from Whirlpool promote their laundry machines at the Grounds Fair at Grand Central Terminal in New York on Thursday, April 21, 2011. (Richard Levine / Corbis via Getty Images / Getty Images)
Whirlpool Corp. it was founded more than 110 years ago and currently houses America’s largest manufacturing jobs in the domestic industry. It positions itself as the only US-based manufacturer of kitchenware and stores that employs 20,000 workers in the US, including more than 14,000 in its 10 manufacturing plants.
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| It’s teasing | Security | – Last | Answer | Change % |
|---|---|---|---|---|
| WHR | Whirlpool COCP. | 73.16 | -0.88 |
-1.19% |
“We are proud to emphasize our commitment to communities and plants where future generations can produce not only things but jobs, families and the future,” said Mofazi of the future, “said Mphikisi we Pristi, vice president of US manufacturing at Whirlpool, said. “This investment builds on this legacy, improves our manufacturing capabilities and ensures that we can continue to produce world-class products here in America.”
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