Daewoo Forklifts South Carolina

Start-up of the forklift business
In the late 1960s, Korea promoted a nationwide 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 import forklifts which are assembled and sell them to large businesses, state-run corporations and the armed forces. During 1976, Korea Machinery Co., Ltd. merged with Daewoo Heavy Industries Ltd. The company established sales and service outlets all over the nation and, a few years later, opened its own forklift production plant. Product development and quality improvement through constant technical training were the main 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 companies entered a joint-venture project in the early part of the 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 manufacture forklifts for export. During the early part of the 90s, Daewoo went global with a worldwide sales network. New models were developed as an independent brand name utilizing 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 or IC trucks. A research effort developed core technologies for engines, hydraulic systems and transmissions. A lot of durability and performance tests have confirmed the quality of this new family of trucks. The company established reliability evaluation centers to guarantee the reliability of major parts. These centers have obtained worldwide respect.

The G5 series is renowned for operator comfort and low environmental impact. The G5 is known all around 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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