Daewoo Forklifts Nevada

Start-up of the forklift business
In the late 1960s, Korea promoted 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 bring in forklifts that are assembled and sell them to big businesses, the armed forces and state-run companies. During 1976, Daewoo Heavy Industries Ltd. merged with Korea Machinery Co., Ltd. The company established service and sales outlets throughout the country and, a few years later, opened its own forklift production plant. Quality improvement and product development through constant technical training were the plant's primary focus.

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 attracted 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 in the US forklift market. Daewoo's forklift sales skyrocketed and another plant was built in the year 1984. Daewoo Heavy Industries Ltd. was then in a position to make forklifts for export. In the early 90s, Daewoo went global with a worldwide sales network. New kinds of forklifts were developed as an independent brand name using Korean technology.

Development of new models
The G5 series was the very 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 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 main parts. These centers have obtained worldwide respect.

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

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