Daewoo Forklifts Maryland

Start-up of the forklift business
In the late 1960s, Korea promoted a national expansion of the industrial equipment industry. At that time, the forklift market in Korea was an open-import situation. Korea Machinery Co., Ltd. began to bring in forklifts which are assembled and sell them to large business groups, the armed forces and state-run corporations. In 1976, Daewoo Heavy Industries Ltd. merged with Korea Machinery Co., Ltd. The corporation established sales and service outlets all around the nation and, a few years later, opened its own forklift production plant. Quality improvement and product development 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 company's sales increases and technological improvements had drawn the interest of Caterpillar Industrial Inc., an American company. The two firms 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 another plant was constructed during 1984. Daewoo Heavy Industries Ltd. was then in a position to manufacture forklifts intended for export. During the early 90s, Daewoo went global with a worldwide sales network. New types of forklifts were developed as an independent brand name utilizing Korean technology.

Development of new models
Developed during the year 1998 was the G5 series, the first series of proprietary models. These models were 1800 kg - 3000 kg internal combustion 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 guarantee the reliability of major parts. These centers have acquired worldwide respect.

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

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