Daewoo Forklifts Vermont

Start-up of the forklift business
In the late 1960s, Korea encouraged a nationwide expansion of the industrial equipment business. During that time, the forklift market in Korea was an open-import situation. Korea Machinery Co., Ltd. started to bring in assembled forklifts and sell them to big businesses, state-run companies and the armed forces. During 1976, Korea Machinery Co., Ltd. merged with Daewoo Heavy Industries Ltd. The corporation established service and sales outlets throughout the nation and, after a few years, opened its very own forklift production factory. Quality improvement and product development 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 industry rapidly increased to 90 percent. By the 1980s, the company's sales 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 1980s to deal with competition faced by Caterpillar in the United States forklift market. The forklift sales of Daewoo skyrocketed and a new plant was constructed during the year 1984. Daewoo Heavy Industries Ltd. was then in a position to make forklifts for export. During the early 90s, Daewoo went global with a worldwide sales network. New kinds of forklifts were developed as an independent brand utilizing Korean technology.

Development of new models
Developed during 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 hydraulic systems, transmissions and engines. Many 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 components. These centers have acquired worldwide respect.

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

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