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Daewoo Forklifts Canada top

Daewoo Forklifts Canada

Start-up of the forklift business
In the late 1960s, Korea promoted a national expansion of the industrial machinery business. During that time, the Korean forklift market was an open-import situation. Korea Machinery Co., Ltd. started to bring in forklifts that are assembled and sell them to large business organizations, state-run corporations and the armed forces. During the year 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 plant's primary 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 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 in the early part of the 1980s to deal with competition faced by Caterpillar within the US forklift market. Daewoo's forklift sales skyrocketed and a new plant was built in the year 1984. Daewoo Heavy Industries Ltd. was then in a position to make 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
Developed during 1998 was the G5 series, the 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. 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 components. These centers have acquired global respect.

Famous for its low impact on the environment and operator comfort is the G5 series. The G5 is recognized throughout the world for being durable, reliable and operator friendly. The series rated high amongst customers in large-scale, after sales surveys as part of a consumer-oriented marketing approach for these models.

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Daewoo Forklifts Canada

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