A Hyundai HDF25-5 forklift.

The world's largest shipbuilder says its forklift segment has received orders to sell 125 forklifts after a strong showing at an international trade exhibition.

Hyundai Heavy Industries Co (HHI) said on its website it had received orders to sell the 125 forklifts, worth 2.5 billion won (USD2.4 million), after exhibiting at CeMAT 2005 in Hannover, Germany, from October 11 to October 15.

"HHI was able to secure this large scale order during the exhibition as a result of various marketing activities," the statement said.

HHI exhibited 10 forklifts, including new models like the three-ton electric forklift, HBF30-7H (80V), and a seven-ton diesel forklift, HDF70-7S.

The company predicted a surge in forklift sales following the positive reviews its products received at CeMAT 2005.

HHI says its forklift sales in Europe increased 45 per cent last year and it expects sales for the market to increase more than 35 per cent in 2005.