Daewoo Forklifts Indiana

Start-up of the forklift business
A national expansion of the industrial machines industry was promoted by Korea in the late 1960s. At that time, the forklift market in Korea was an open-import situation. Korea Machinery Co., Ltd. started to import assembled forklifts and sell them to big business organizations, the armed forces and state-run corporations. During 1976, Korea Machinery Co., Ltd. merged with Daewoo Heavy Industries Ltd. The corporation established service and sales outlets all over the country and, a few years later, opened its own forklift production factory. Product development and quality improvement 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 attracted the interest of Caterpillar Industrial Inc., an American company. The two firms entered a joint-venture project during the early part of the 1980s to deal with competition faced by Caterpillar in the US forklift market. The forklift sales of Daewoo skyrocketed and a new plant was constructed during 1984. Daewoo Heavy Industries Ltd. was then in a position to manufacture forklifts meant for export. In the early part of the 90s, Daewoo went international with a worldwide sales network. New types 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 or IC trucks. A research effort developed core technologies for transmissions, engines and hydraulic systems. Many performance and durability tests have validated the quality of this new family of trucks. The company established reliability evaluation centers to assure the reliability of major parts. These centers have obtained global respect.

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

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