Daewoo Forklifts Nova Scotia

Start-up of the forklift business
A national expansion of the industrial equipment industry was promoted by Korea during the latter part of the 1960s. During that time, the Korean forklift market was an open-import situation. Korea Machinery Co., Ltd. began to bring in assembled forklifts and sell them to large businesses, state-run corporations and the armed forces. During 1976, Daewoo Heavy Industries Ltd. merged with Korea Machinery Co., Ltd. The company established service and sales outlets throughout the country and, a few years later, opened its very own forklift production plant. 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 sales of the company increases and technological improvements had drawn the interest of the American company, Caterpillar Industrial Inc. The two firms entered a joint-venture project during the early 1980s to deal with competition faced by Caterpillar within the United States forklift market. Daewoo's forklift sales skyrocketed and a new plant was built during the year 1984. Daewoo Heavy Industries Ltd. was then in a position to make forklifts for export. During the early 90s, Daewoo went global with a worldwide sales network. New kinds of forklifts were developed as an independent brand using 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 hydraulic systems, transmissions and engines. Many durability and performance tests have validated the quality of this new family of trucks. The company established reliability evaluation centers to assure the reliability of main components. These centers have acquired global respect.

Well-known for its low impact on the environment and operator comfort is the G5 series. The G5 is known throughout the globe for being operator friendly, durable and reliable. The series rated high amongst clients in after sales, large-scale surveys as part of a consumer-oriented advertising strategy for these models.

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