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.
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Even the heaviest lifts must be easy to handle. That’s why N.C. Nielsen raises the bar in lifting capacity, maneuverability, operator comfort, flexibility and technical capabilities.
Heavy duty reach stackers – lifting capacity from 85 to 180 tons.
VIEW ALL OUR CUSTOM-BUILT HEAVY DUTY REACH STACKERS

Contact us now: +45 99 83 83 83 - www.nc-nielsen.com

Even the heaviest lifts must be easy to handle. That’s why N.C. Nielsen raises the bar in lifting capacity, maneuverability, operator comfort, flexibility and technical capabilities.
Heavy duty reach stackers – lifting capacity from 85 to 180 tons.
VIEW ALL OUR CUSTOM-BUILT HEAVY DUTY REACH STACKERS

Contact us now: +45 99 83 83 83 - www.nc-nielsen.com

Inside The News
In what may prove to be a sign of things to come, Canadian materials handling equipment lithium-ion battery manufacturer, UgoWork, has announced battery assembly for some forklifts bound for the North American domestic market will now be done in the US. See the story for full details... Continue reading

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