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Hyster is currently a world leader in forklifts along with warehousing solutions. However, it started as a producer of lifting equipment and winches. Most of its production was focused in the Pacific Northwest and dealt mostly with the wood and logging industry. A couple years after the 1st forklift trucks were invented Hyster became synonymous with quality production. Over the preceding 80 years Hyster has continued to get bigger and grow its product line. The expansion of its products coupled with its desire to stay service oriented has allowed Hyster to mature into the worldwide participant it is at present.
Through the 3 decades between the 1940's and 1960's, Hyster made significant strides on its path to becoming the international leader in the forklift industry it is today. In 1946, Hyster opened a plant in Danville, Illinois that was completely committed to mass producing trucks. This allowed Hyster to force its costs down and, at the same time, offer a better quality product at industry competitive rates. In 1952, Hyster began its first foray in to the international production market through opening its first plant in the Netherlands. The Netherlands plant was originally designed to produce two products: Hyster 40" and the Karry Kranes.
Between the late 1950's through the 1960's, Hyster continued to expand into new markets. They started constructing container handlers in the US in 1959 to satisfy the ever expanding demand for transportation goods. In 1966, Hyster developed a system for enabling a lift truck to go both forward and backwards using the same pedal. This pedal was labeled as the Monotrol pedal, which revolutionized the industry. Later on in the decade Hyster opened a research and development centre in Oregon that was concentrated on enhancing the design and performance of lift trucks. The centre is still one of the world's best testing facilities in the materials handling industry.
As demand for materials handling equipment continued to expand rapidly through the 60's, Hyster considered it necessary to reorient its focus towards these new mass markets. Hence, in 1970, the XL design philosophy was born. The XL design philosophy allowed Hyster to provide better quality at a more inexpensive cost. A further expansion in manufacturing capabilities was necessitated by the need in Europe for Internal Combustion Engine Trucks. To plug this gap, a plant in Craigavon, Ireland was opened in 1980. Through the eighties Hyster continued to focus on developing industry leading lift trucks. The Hyster company name was known throughout the world for its commitment towards quality. This attention to excellence produced a lot of suitors for the enterprise. In 1989, a large multinational business based in Ohio called NACCO Industries bought Hyster and started an aggressive growth plan. NACCO quickly replaced the XL philosophy with a more driver oriented lift truck that concentrated on operator comfort, which is well-known as the XM generation of trucks.
The changing needs of Hyster's valued clientele, led by improvements in supply chain management, required Hyster to continuously innovate and make investments in modern manufacturing systems throughout the next few decades. Acquisitions and investments were made in the United States, Italy, Netherlands, and a lot of other places throughout the world. All of these investments have made Hyster a worldwide leader in the lift truck market. Recently, Hyster celebrated its 80th anniversary as an industry leader of materials handling equipment, which consists of more than 300 different models of lift trucks.
