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Hyster is globally renowned as an industry leader in the forklift producing business. However, it started as a producer of lifting equipment as well as winches. Most of its production was focused in the northwest United States and dealt mostly with the lumber and logging industry. A couple years after the 1st forklift trucks were invented Hyster became synonymous with quality manufacturing. Over the preceding eighty years Hyster has continued to expand and develop its product line. The growth of its products coupled with its wish to stay service oriented has allowed Hyster to grow into the global participant it is now.
In the period between 1940 and 1960, Hyster sustained its development throughout the western world. In 1946, Hyster opened a plant in Danville, Illinois that was completely dedicated to bulk producing trucks. This allowed Hyster to drive its costs down and, at the same time, offer a better quality product at industry aggressive 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.
The constantly changing needs of Hyster consumers and Hyster's skill to continue to innovate led to rapid growth throughout the 1950's and 60's. They started constructing container handlers in the United states in 1959 to meet with the ever growing demand for transportation goods. In 1966, Hyster developed a means for allowing a lift truck to go both forward and backwards using the same pedal. This pedal was termed the Monotrol pedal, which revolutionized the industry. Later in the decade Hyster opened a R&D centre in Oregon that was focused on enhancing the design and functionality of lift trucks. The centre is still one of the world's greatest testing facilities in the materials handling industry.
In the 1960's Hyster experienced rapid expansion. Much of the business was shifting in the direction of mass production. To keep up with the times Hyster was inclined to concentrate on the evolution of these mass markets. Thus, in 1970, the XL design philosophy was born. The XL design philosophy allowed Hyster to provide greater quality at a more affordable price. A further expansion in manufacturing capabilities was necessitated by the demand in Europe for Internal Combustion Engine Trucks. To plug this gap, a plant in Craigavon, Ireland was opened in 1980. Through the 80's Hyster continued to concentrate on developing industry leading forklifts. The Hyster brand name was known throughout the globe for its dedication towards superiority. This attention to quality brought several suitors for the company. In 1989, a large multinational corporation based in Ohio called NACCO Industries bought Hyster and began an aggressive expansion strategy. NACCO quickly changed the XL philosophy with a more driver oriented lift truck that focused on operator comfort, which is recognized as the XM generation of trucks.
With the overall shift towards just-in-time management practices, Hyster has been required to keep up with the trends through investment in new and diverse technologies. 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 world leader in the forklift market. Recently, Hyster celebrated its 80th anniversary as an industry leader of materials handling equipment, which comprises more than three hundred different versions of lift trucks.