Small Korean forklift company growing fast
Thursday, 30 November 2006
INCHEON, Korea, Democratic People's Republic Of
Soosung's new factory.
Soosung Lift Manufacturing Co Ltd has moved to a new 30,000 square metre factory because the small South Korean forklift manufacturer is growing rapidly.
Incheon-based Soosung started making hand pallet trucks in 1973 and today produces 40 types of battery-driven materials handling equipment.
"Our turnover has almost tripled during the last decade," the company said in a statement.
The manufacturer invests "comparatively large amounts" in research & development.
"One major achievement was a DC motor controller jointly developed with the Korean Institute of Science & Technology, a leading technology think tank in Korea," the statement said.
Soosung claims to be the first South Korean company to develop a speed controller.