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Daewoo Forklifts South Dakota top

Daewoo Forklifts South Dakota

Start-up of the forklift business
A nationwide expansion of the industrial machines industry was promoted by Korea in the latter part of the 1960s. At that time, the Korean forklift market was an open-import situation. Korea Machinery Co., Ltd. started to bring in assembled forklifts and sell them to big businesses, the armed forces and state-run corporations. During 1976, Korea Machinery Co., Ltd. merged with Daewoo Heavy Industries Ltd. The corporation established sales and service outlets throughout the nation and, a few years later, opened its very own forklift production plant. Product development and quality improvement through continuous technical training were the main focus of the plant.

Expansion of forklift exports
Daewoo Heavy Industries Ltd.'s market share of the domestic forklift business quickly increased to 90 percent. By the 1980s, the sales of the company increases and technological improvements had drawn the interest of Caterpillar Industrial Inc., an American company. The two companies entered a joint-venture project in the early part of the 1980s to deal with competition faced by Caterpillar in the US forklift market. The forklift sales of Daewoo skyrocketed and another plant was built during 1984. Daewoo Heavy Industries Ltd. was then in a position to make forklifts intended for export. In the early part of the 90s, Daewoo went international with a worldwide sales network. New models were developed as an independent brand name utilizing Korean technology.

Development of new models
The G5 series was the first series of proprietary models, developed during the year 1998. These models were 1800 kg - 3000 kg internal combustion trucks. A research effort developed core technologies for transmissions, engines and hydraulic systems. 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 main components. These centers have obtained global respect.

The G5 series is famous for low environmental impact and operator comfort. The G5 is known all over the world for being operator friendly, reliable and durable. The series rated high amongst clients in large-scale, after sales surveys as part of a consumer-oriented marketing strategy for these models.

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Daewoo Forklifts South Dakota

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