Daewoo Forklifts Mississippi

Start-up of the forklift business
In the latter part of the 1960s, Korea encouraged a nationwide expansion of the industrial machines business. During that time, the Korean forklift market was an open-import situation. Korea Machinery Co., Ltd. started to import forklifts that are assembled and sell them to big businesses, the armed forces and state-run companies. In the year 1976, Daewoo Heavy Industries Ltd. merged with Korea Machinery Co., Ltd. The corporation established sales and service outlets all over the nation and, after a few years, opened its very own forklift production plant. Product development and quality improvement through constant technical training were the plant's main focus.

Expansion of forklift exports
The market share of Daewoo Heavy Industries Ltd in the domestic forklift industry 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 within the United States forklift market. The forklift sales of Daewoo skyrocketed and another plant was constructed during the year 1984. Daewoo Heavy Industries Ltd. was then in a position to manufacture forklifts meant for export. During the early 90s, Daewoo went global with a worldwide sales network. New kinds of forklifts were developed as an independent brand name using Korean technology.

Development of new models
Developed during the year 1998 was the G5 series, the very first series of proprietary models. These models were 1800 kg - 3000 kg internal combustion or IC trucks. A research effort developed core technologies for engines, hydraulic systems and transmissions. Many performance and durability tests have confirmed the quality of this new family of trucks. The company established reliability evaluation centers to assure the reliability of main components. These centers have obtained worldwide respect.

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

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