Daewoo Forklifts Northwest Territories

Start-up of the forklift business
During the late 1960s, Korea encouraged a national expansion of the industrial machines industry. During that time, the forklift market in Korea was an open-import situation. Korea Machinery Co., Ltd. began to bring in assembled forklifts and sell them to large businesses, the armed forces and state-run companies. In the year 1976, Korea Machinery Co., Ltd. merged with Daewoo Heavy Industries Ltd. The corporation established sales and service outlets throughout the nation and, a few years later, opened its very own forklift production factory. Quality improvement and product development through constant technical training were the primary focus of the plant.

Expansion of forklift exports
Daewoo Heavy Industries Ltd.'s market share of the domestic forklift industry quickly increased to 90 percent. By the 1980s, the company's sales increases and technological improvements had drawn the interest of Caterpillar Industrial Inc., an American company. The two companies entered a joint-venture project during the early part of the 1980s to deal with competition faced by Caterpillar within the US forklift market. The forklift sales of Daewoo skyrocketed and another plant was built in the year 1984. Daewoo Heavy Industries Ltd. was then in a position to make forklifts meant for export. During the early part of the 90s, Daewoo went international with a worldwide sales network. New kinds of forklifts were developed as an independent brand name utilizing Korean technology.

Development of new models
Developed during 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 transmissions, engines and hydraulic systems. A host of durability and performance tests have confirmed 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.

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

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