Fri June 18, 2004
Daewoo Surges to Industry Forefront in Asia, America
It’s often said one becomes stronger during bad times. The same could be said of Daewoo, which has been coming on strong in recent years. But the good days only arrived after some trying times for the long-time iron maker....
Tue May 11, 2004
Daewoo Opens Doors to Asian Facilities
From April 17 to 23, Daewoo Heavy Industries America Corporation provided a tour of its production facilities in Incheon, Korea and Yantai, China, as well as its parts warehouse in Ansan, Korea, for a select group of representatives from its North American dealer network....
Mon July 21, 2003
Terex, Daewoo Enter Supply, Distribution Agreement
Terex Corporation announced July 18 that it has entered into an agreement with Daewoo Heavy Industries and Machinery to distribute crawler excavators and wheel loaders under the Terex brand inNorth America....
Fri May 16, 2003
Dealers Race to Inspect Daewoo Iron, Joe Gibbs Facility
Dealers and race fans had an opportunity in late February to not only check out a presentation of the 2003 Daewoo excavator models, but also to tour Joe Gibbs Racing Headquarters in North Carolina.
After a welcome and meeting topic outline from Tim O’ Malley, and an introduction and presentation from Joe Gibbs, guests were given Daewoo’s 2002 results and the company’s 2003 agenda.
In mid-morning, attendees were introduced to the new Daewoo excavator and wheel loader Solar V Series models for 2003, which include the 210 WV, 180 WV and 140 WV wheel loaders and the 470 LCV, 420LCV, 340 LCV, 300 LCV, 255 LCV, 225 LCV, 175 LCV and 55 VP excavators....
Wed March 14, 2001
Daewoo Machines Clean House for NJ High-Rise
After imploding three Newark high-rise apartment buildings, Jersey City, NJ-based Red Ball Demolition Co. was responsible for clearing the site. Three Daewoo excavators, one equipped with an Allied shear, one with a Geith grapple and one with a Daewoo bucket, were employed to do the job....
Wed February 28, 2001
Daewoo Excavator Demonstrates ’Shear’ Strength on Staten Island
R. Baker All Industrial Service, a demolition contractor headquartered on Staten Island, NY, employs a Daewoo model 400LC-III excavator equipped with Baker’s Hanwoo shear to remove and cut up 51 large storage tanks and associated piping at GATX’s Staten Island facility....
Wed February 28, 2001
Daewoo Honors Hoffman With Parts Award
Hoffman Equipment’s award winning parts department has won another accolade; this one from Daewoo for its excellence in supporting its customers’ parts needs. (L-R): Tim O’Malley, vice president, and Terry Fuhrman, regional manager, both of Daewoo present Hoffman’s parts department with the award: Jim Eledge, Jeff Pauls, Carol Hover, Bob Triebel, Joe Barbara, Pamela Aguirre and Adam Lallier....
Thu March 22, 2001
Daewoo Heavy Industries Enters Into an Agreement With Komatsu Limited of Japan
Komatsu Limited of Japan and Daewoo Heavy Industries and Machinery Corporation of Korea entered into a two-year agreement for Komatsu to supply equipment to Daewoo for distribution through Daewoo’s distributor network in Korea.
The agreement calls for Daewoo to import Komatsu Limited construction equipment products into the Korean domestic market....
Thu February 22, 2001
SKorea Indicts 34 Former Daewoo Execs
South Korean prosecutors said they had indicted 34 former executives and auditors of bankrupt Daewoo Group for allegedly rigging the conglomerate’s financial records between 1997 and 1999.
Prosecutors said the individuals manipulated financial statements to obtain $8 billion in bank loans between 1997 and 1999.
However, prosecutors canceled an earlier decision to indict former Daewoo Group chairman Kim Woo-choong, due to their inability to bring him in for questioning, Kang Kap-jin, a spokesman for the Supreme Prosecutors Office, told Reuters.
The former chairman has been spotted in Nice, according to local reports, where he reportedly owns a luxury villa, and in the Sudan, where the conglomerate engaged in major construction projects....
Wed August 30, 2000
Daewoo Appoints NY Dealer
Daewoo Heavy Industries America Corporation (DHIAC) recently welcomed Monroe Tractor & Implement Co. Inc. of Henrietta, NY, to the family of Daewoo dealers.
“Monroe Tractor has a history of offering our customers an excellent choice of products,” said Frank Shoemacker of Monroe Tractor....
