Daewoo Forklifts Alabama

Start-up of the forklift business
In the latter part of the 1960s, Korea encouraged a national expansion of the industrial machines industry. At that time, the Korean forklift market was an open-import situation. Korea Machinery Co., Ltd. began to bring in forklifts that are assembled and sell them to large businesses, the armed forces and state-run corporations. In 1976, Korea Machinery Co., Ltd. merged with Daewoo Heavy Industries Ltd. The corporation established sales and service outlets throughout the country and, a few years later, opened its own forklift production plant. Quality improvement and product development 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 attracted the interest of Caterpillar Industrial Inc., an American company. 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 built during the year 1984. Daewoo Heavy Industries Ltd. was then in a position to manufacture forklifts for export. In the early 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 the year 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 lot of 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 components. These centers have acquired global respect.

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

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