Daewoo Forklifts Manitoba

Start-up of the forklift business
A nationwide expansion of the industrial machinery industry was encouraged by Korea in the latter part of the 1960s. At that time, the Korean forklift market was an open-import situation. Korea Machinery Co., Ltd. began to import forklifts which are assembled and sell them to big businesses, state-run companies and the armed forces. During the year 1976, Korea Machinery Co., Ltd. merged with Daewoo Heavy Industries Ltd. The company established service and sales outlets all over the country and, a few years later, opened its very own forklift production factory. Quality improvement and product development through continuous technical training were the plant's primary 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 company's sales increases and technological improvements had attracted the interest of the American company, Caterpillar Industrial Inc. The two companies entered a joint-venture project in the early 1980s to deal with competition faced by Caterpillar in the US forklift market. Daewoo's forklift sales skyrocketed and another plant was built during the year 1984. Daewoo Heavy Industries Ltd. was then in a position to make forklifts for export. During the early part of the 90s, Daewoo went international 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 hydraulic systems, transmissions and engines. Many 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.

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

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