Daewoo aims to double Chinese forklift market

News Story
- 20 Jan 2005 ( #192 ) - SEOUL, Korea, Republic Of
1 min read
A D427 diesel engine from a Daewoo forklift.
A D427 diesel engine from a Daewoo forklift.
Daewoo Heavy Industries & Machinery Ltd plans to double its forklift sales in China to 3,000 this year.

The Korea Herald reported Daewoo Heavy planned to introduce six types of diesel engine forklifts that are "strategically designed" to compete against low-cost Chinese forklifts.

The new models generate less noise and vibration, and are less costly because of their low-cost Chinese parts, Daewoo Heavy said.

"We aim to become one of the top three forklift makers in China by 2008," a company spokesman said.

The company will also intensify its marketing to cover promising sectors in China, like cement, sugar refining and milling.

It will use its regional sales network and secure local agents to bolster sales of forklifts needed for China's burgeoning manufacturing sector and large-scale infrastructure improvements.

Daewoo Heavy's export of forklifts reached USD200 million last year and growth is forecast at 11 per cent for this year.
China’s June forklift sales jump 23.1%
China’s June forklift sales jump 23.1% 24 Jul 2025 - Beijing, China - 1 min read
LogiMAT records 43% increase in exhibitors from China
LogiMAT records 43% increase in exhibitors from China 3 Apr 2025 - Stuttgart, Germany - 4 min read
SOCMA produces first 50T electric forklift
SOCMA produces first 50T electric forklift 14 Nov 2024 - Fujian, China - 1 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
Do you have materials handling news? Submit your news here

PREMIUM business

Tailift Material Handling USA Inc
Part of Toyota Industries Group - Leading manufacturer of High-quality machines.

This week’s dealer announcement from MIMA UK got us thinking about good dealer relationships. We'd like to know:

What are the ingredients of a healthy dealer partnership and a thriving dealer network?

Are you involved in building dealer relationships? We'd love to know your thoughts: drop us a line or two!

Words of support …

I know I can count on them. They give valuable suggestions on the campaign planning, and to publish content is as easy as abc, as they take care of the material layout and check links. This is a great support.

Annalisa Castellini, Marketing Manager

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

Forkliftaction's JOB MARKET

This week’s dealer announcement from MIMA UK got us thinking about good dealer relationships. We'd like to know:

What are the ingredients of a healthy dealer partnership and a thriving dealer network?

Are you involved in building dealer relationships? We'd love to know your thoughts: drop us a line or two!

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

Tailift Material Handling USA Inc
Part of Toyota Industries Group - Leading manufacturer of High-quality machines.

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

Forkliftaction's JOB MARKET

This week’s dealer announcement from MIMA UK got us thinking about good dealer relationships. We'd like to know:

What are the ingredients of a healthy dealer partnership and a thriving dealer network?

Are you involved in building dealer relationships? We'd love to know your thoughts: drop us a line or two!

Showcased in the Virtual Expo

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

Forkliftaction's JOB MARKET