Daewoo Forklifts Delaware

Start-up of the forklift business
In the late 1960s, Korea encouraged a national expansion of the industrial machines industry. During that time, the Korean forklift market was an open-import situation. Korea Machinery Co., Ltd. began to import assembled forklifts and sell them to large businesses, the armed forces and state-run corporations. During the year 1976, Daewoo Heavy Industries Ltd. merged with Korea Machinery Co., Ltd. The corporation established service and sales outlets throughout the nation and, a few years later, opened its very own forklift production factory. Product development and quality improvement through constant technical training were the primary focus of the plant.

Expansion of forklift exports
The market share of Daewoo Heavy Industries Ltd in the domestic forklift industry went as high as 90%. By the 1980s, the sales of the company increases and technological improvements had attracted the interest of Caterpillar Industrial Inc., an American company. The two companies entered a joint-venture project in the early 1980s to deal with competition faced by Caterpillar in the United States forklift market. The forklift sales of Daewoo skyrocketed and another plant was built during the year 1984. Daewoo Heavy Industries Ltd. was then in a position to make forklifts meant for export. During the early 90s, Daewoo went international with a worldwide sales network. New types of forklifts were developed as an independent brand name utilizing Korean technology.

Development of new models
The G5 series was the very first series of proprietary models, developed in the year 1998. These models were 1800 kg - 3000 kg internal combustion or IC trucks. A research effort developed core technologies for hydraulic systems, transmissions and engines. A lot of performance and durability tests have validated the quality of this new family of trucks. The company established reliability evaluation centers to guarantee the reliability of major parts. These centers have acquired global respect.

Famous for its low impact on the environment and operator comfort is the G5 series. The G5 is recognized throughout the world for being reliable, operator friendly and durable. The series rated high among customers in large-scale, after sales surveys as part of a consumer-oriented marketing strategy for these models.

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