Daewoo Forklifts Yukon
Start-up of the forklift business
In the latter part of the 1960s, Korea encouraged a national expansion of the industrial machines business. During that time, the Korean forklift market was an open-import situation. Korea Machinery Co., Ltd. started to bring in assembled forklifts and sell them to large businesses, state-run companies and the armed forces. In the year 1976, Korea Machinery Co., Ltd. merged with Daewoo Heavy Industries Ltd. The corporation established sales and service outlets all over the nation and, after a few years, opened its own forklift production factory. Quality improvement and product development through constant technical training were the main focus of the plant.
Expansion of forklift exports
Daewoo Heavy Industries Ltd.'s market share of the domestic forklift industry rapidly increased to 90 percent. By the 1980s, the sales of the company increases and technological improvements had drawn the interest of Caterpillar Industrial Inc., an American company. The two companies entered a joint-venture project in the early 1980s to deal with competition faced by Caterpillar within the United States 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 types of forklifts were developed as an independent brand using Korean technology.
Development of new models
Developed in the year 1998 was the G5 series, the very first series of proprietary models. These models were 1800 kg - 3000 kg internal combustion trucks. A research effort developed core technologies for engines, hydraulic systems and transmissions. 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 main parts. These centers have acquired worldwide respect.
Famous for its operator comfort and low environmental impact is the G5 series. The G5 is known throughout the globe for being reliable, durable and operator friendly. The series rated high amongst clients during large-scale, after sales surveys as part of a consumer-oriented advertising strategy for these models.
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