Daewoo Forklifts North Carolina
Start-up of the forklift business
During the latter part of the 1960s, Korea promoted a nationwide expansion of the industrial machinery industry. During that time, the forklift market in Korea was an open-import situation. Korea Machinery Co., Ltd. began to import forklifts which are assembled and sell them to large businesses, the armed forces and state-run corporations. In 1976, Daewoo Heavy Industries Ltd. merged with Korea Machinery Co., Ltd. The company established sales and service outlets throughout the nation and, after a few years, opened its own forklift production plant. Product development and quality improvement through continuous technical training were the plant's primary focus.
Expansion of forklift exports
Daewoo Heavy Industries Ltd.'s market share of the domestic forklift business rapidly increased to 90 percent. By the 1980s, the company's sales increases and technological improvements had attracted the interest of Caterpillar Industrial Inc., an American company. The two companies entered a joint-venture project during the early 1980s to deal with competition faced by Caterpillar within 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 make forklifts meant for export. During the early 90s, Daewoo went global with a worldwide sales network. New models were developed as an independent brand utilizing Korean technology.
Development of new models
The G5 series was the first series of proprietary models, developed in the year 1998. These models were 1800 kg - 3000 kg internal combustion or IC trucks. A research effort developed core technologies for engines, hydraulic systems and transmissions. A host of performance and durability tests have validated the quality of this new family of trucks. The company established reliability evaluation centers to guarantee the reliability of main parts. These centers have garnered global respect.
The G5 series is renowned for low environmental impact and operator comfort. The G5 is known throughout the world for being operator friendly, durable and reliable. The series rated high amongst clients during after sales, large-scale surveys as part of a consumer-oriented advertising approach for these models.
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