Daewoo High Capacity Forklift West Valley City

South Korea was dealing with a serious trade deficit in the early part of the 1960s. The nation's domestic market was not strong enough to support domestic industries. Following World War II, when Korea was divided by the Allies, all the natural resources were in the territory north of the 38th parallel. With its stronger military, North Korea, wasted little time before invading the South following the withdrawal of the U.S. military. In 1953, the country was finally at peace, and South Korea started an intensive drive towards economic development, quickly transforming from an agrarian economy to an industrial, centrally planned economy. Determined to never again go through hostile invasions and lack of vital resources, South Korea became an economic miracle. Daewoo Group was established by Kim Woo Choong in this period of economic emergence. Daewoo, which means "Great Universe," was established in 1967.



Even though the corporation's initial share capital was only $18,000, Kim and his partners believed that the business will be successful. This proved true, because Daewoo became amongst the largest chaebols, or conglomerates of the country. The corporation had operations in a wide array of businesses, like building ships, motor vehicles, aerospace, heavy industry, telecommunications, consumer electronics, financial services and trading. Exports were heavily promoted and a network of offices was established abroad. Eventually, there were over 100 branches throughout the world. The company at its peak sold thousands of various items in over 130 nations. By the late 1990s the corporation had become significantly overextended. The company was really in debt, and Kim was accused of corporate wrong doing. The South Korean government ordered the corporation dismantled during 1999 and other corporations bought most of Daewoo's holdings.

• Yale Narrow Reach Forklifts West Valley City
  Yale provides a range of very narrow aisle forklifts that are specifically made for maximum storage density. These very narrow aisle forklift are ideally suited for case picking and pallet handling in applicants varying from... More
• Carelift Zoom Boom West Valley City
  Rough terrain forklifts have been produced by CareLift Equipment, ever since the year 1962. Each day the company strives to deliver value and help all their customers reach their objectives as they know the bottom... More
• Nissan Reach Forklift West Valley City
  During the development of the RG Series, a lot of interviews were done by logistic managers and many truck operators. The corporation has also carried out lots of studies on ergonomics and repetitive strain injuries.... More
• Manitou Outdoor Forklift West Valley City
  Most businesses that are in the warehousing or shipping and receiving industries use lift trucks on a daily basis. This handy piece of industrial machine is capable of performing numerous tasks. Maintain and take care... More
• Doosan IC Forklifts West Valley City
  How to Utilize a Forklift Lift trucks are material handling equipment which could move loads. Most commonly, these equipment are used in certain industries to move heavy materials in a wide variety of settings such... More