Daewoo releases “prosperity” forklifts

News Story
- 10 Feb 2005 ( #195 ) - YANTAI, China
1 min read
Daewoo F series diesel forklifts for the Chinese market
Daewoo F series diesel forklifts for the Chinese market
Daewoo has released low-cost diesel engine forklifts specifically aimed at the Chinese market (Forkliftaction.com News #192).

The forklifts, said to produce less noise and vibration than competing models, have even been named to attract Chinese end-users.

According to a company spokesman, the name of the series is F, the initial for the Chinese pronouncement fa chai, which means prosper, get rich or earn money.

"In this series, there are two families with capacities of two, 2.5 and three tons - a hydraulic system type consisting of the models D20F, D25F and D30F, and a mechanical system type with models D20FM, D25FM and D30FM," the spokesman said.

A team of Chinese and Korean engineers developed the forklifts over eight months at Daewoo's Chinese factory in Yantai, Shangdong province.

The low-cost Chinese parts account for the forklift's relatively cheap selling price.

"We are mainly aiming to compete in pricing against major Chinese manufacturers but to offer a better quality truck. They (the customers) are interested in price with reasonable standards of performance and reliability."

Heli, Hangzhou and Dalian are the top three forklift manufacturers in China.
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Inside The News
This week we explore the various energy sources available for forklifts and other material handling equipment that were showcased at LogiMAT in Stuttgart... Continue reading

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Lift Technologies Inc.
Global leader - manufactures masts, carriages, sideshifters & fork positioners

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

CeMAT Southeast Asia is coming to Singapore EXPO, Singapore on May 15-17, 2024. Register for free and experience the leading global trade show for intralogistics, materials handling and supply chain management.

Be sure to also register for LogiSYM Asia Pacific and LogiSYM Cold Chain 2024 to experience a conference schedule packed with experts and decision-makers from your industry.

Register Now!