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.
Mitsubishi dealer defends diesel as new model launched
Mitsubishi dealer defends diesel as new model launched 2 May 2024 - West Midlands, United Kingdom - 1 min read
St Louis tech takes out Logisnext challenge
St Louis tech takes out Logisnext challenge 30 Nov 2023 - Houston, TX, United States - 1 min read
Female wins TMHG Challenge
Female wins TMHG Challenge 19 Jan 2023 - Columbus, IN, United States - 2 min read
Previously about:
Doosan dealer yields to economics News Story - 26 Mar 2009 - Rome, GA, United States - 1 min read
Daewoo founder gets 10 years News Story - 1 Jun 2006 - SEOUL, Korea, Republic Of - 1 min read
Texan companies join forces News Story - 22 Dec 2005 - WACO, TX, United States - 2 min read
Newsletter asks “Who will survive?” News Story - 3 Sep 2009 - Bedfordshire, United Kingdom - 1 min read
Dalian’s Indian dealer receives first forklift orders News Story - 17 Nov 2005 - CHENNAI, India - 1 min read
Briefs News Story - 22 May 2025 - 2 min read
LogiMAT records 43% increase in exhibitors from China News Story - 3 Apr 2025 - Stuttgart, Germany - 4 min read
Heli expands its presence in the UAE News Story - 28 Nov 2024 - Dubai, United Arab Emirates - 1 min read
Do you have materials handling news? Submit your news here

PREMIUM business

GemOne
Telematics for industrial fleets. Fleet & safety management solutions: track vehicles, boost efficiency, operate safer, & avoid unexpected downtime.

Industrial processes in paper and waste processing involves strapped bale handling and de-wiring. Durwen provides the smart solution for the industry, with its fully Durwen designed and made de-wiring bale clamp. Expensive factory part equipment was needed yesterday - use the smart solution from Durwen in future!

Check out our new website and get in touch with us today! 

Product and service backup MADE IN GERMANY!
You might want to check out our service portal as well – it backs you up 24/7!

Words of support …

At Linde Material Handling, we appreciate Forkliftaction for its competent and informative reporting and its global perspective. Forkliftaction is one of the few industry media with a transnational readership.

Heike Oder, Head of Trade Press

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

Forkliftaction's JOB MARKET

Industrial processes in paper and waste processing involves strapped bale handling and de-wiring. Durwen provides the smart solution for the industry, with its fully Durwen designed and made de-wiring bale clamp. Expensive factory part equipment was needed yesterday - use the smart solution from Durwen in future!

Check out our new website and get in touch with us today! 

Product and service backup MADE IN GERMANY!
You might want to check out our service portal as well – it backs you up 24/7!

Inside The News
Next Thursday is R U OK? Day in Australia , an important opportunity to bring conversations about mental health out into the open and a reminder to check in on those around us, including our colleagues... Continue reading

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

Forkliftaction's JOB MARKET

Industrial processes in paper and waste processing involves strapped bale handling and de-wiring. Durwen provides the smart solution for the industry, with its fully Durwen designed and made de-wiring bale clamp. Expensive factory part equipment was needed yesterday - use the smart solution from Durwen in future!

Check out our new website and get in touch with us today! 

Product and service backup MADE IN GERMANY!
You might want to check out our service portal as well – it backs you up 24/7!

Inside The News
Next Thursday is R U OK? Day in Australia , an important opportunity to bring conversations about mental health out into the open and a reminder to check in on those around us, including our colleagues... Continue reading

PREMIUM business

GemOne
Telematics for industrial fleets. Fleet & safety management solutions: track vehicles, boost efficiency, operate safer, & avoid unexpected downtime.

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

Forkliftaction's JOB MARKET