Daewoo Forklifts Wyoming

Start-up of the forklift business
A nationwide expansion of the industrial machinery industry was encouraged by Korea in the late 1960s. At that time, the forklift market in Korea was an open-import situation. Korea Machinery Co., Ltd. began to bring in assembled forklifts and sell them to big business organizations, the armed forces and state-run companies. In the year 1976, Daewoo Heavy Industries Ltd. merged with Korea Machinery Co., Ltd. The corporation established service and sales outlets throughout the nation and, after a few years, opened its very own forklift production plant. Product development and quality improvement through continuous technical training were the plant's main focus.

Expansion of forklift exports
The market share of Daewoo Heavy Industries Ltd in the domestic forklift business 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 within the US forklift market. The forklift sales of Daewoo skyrocketed and another plant was built in 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 using Korean technology.

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

Well-known for its operator comfort and low environmental impact is the G5 series. The G5 is known throughout the world for being reliable, durable and operator friendly. The series rated high among customers during after sales, large-scale surveys as part of a consumer-oriented marketing approach for these models.

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