Daewoo Forklifts Ohio

Start-up of the forklift business
During the latter part of the 1960s, Korea encouraged a national expansion of the industrial machinery industry. During that time, the Korean forklift market was an open-import situation. Korea Machinery Co., Ltd. began to bring in assembled forklifts and sell them to large business organizations, the armed forces and state-run corporations. In 1976, Daewoo Heavy Industries Ltd. merged with Korea Machinery Co., Ltd. The company established service and sales outlets throughout the country and, after a few years, opened its own forklift production plant. 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 business went as high as 90%. By the 1980s, the sales of the company increases and technological improvements had drawn the interest of the American company, Caterpillar Industrial Inc. The two firms entered a joint-venture project during the early 1980s to deal with competition faced by Caterpillar within the United States forklift market. Daewoo's forklift sales skyrocketed and a new plant was constructed during 1984. Daewoo Heavy Industries Ltd. was then in a position to manufacture forklifts for export. In the early 90s, Daewoo went global with a worldwide sales network. New models were developed as an independent brand utilizing Korean technology.

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

Famous for its low impact on the environment and operator comfort is the G5 series. The G5 is recognized all over the globe for being operator friendly, durable and reliable. The series rated high among customers during after sales, large-scale surveys as part of a consumer-oriented advertising approach for these models.

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