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Through the 3 decades between the 1940's and 1960's, Hyster made significant strides on its way to becoming the global leader in the forklift industry it is at present. In 1946, Hyster opened a plant in Illinois that was entirely dedicated to mass manufacturing 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.
Hyster, along with the whole forklift industry, continued to expand into different product lines throughout the 1950's and 60's. They started constructing container handlers in the United states in 1959 to satisfy the ever expanding demand for transportation goods. In 1966, Hyster developed a means for enabling a lift truck to go both ahead and backwards using the same pedal. This pedal was labeled the Monotrol pedal, which revolutionized the industry. Later on in the decade Hyster opened a R&D centre in Oregon that was concentrated on improving the design and performance 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 growth. Much of the industry was shifting in the direction of bulk manufacturing. 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 afford greater quality at a more affordable cost. A further expansion in production capabilities was necessitated by the need in Europe for Internal Combustion Engine Vehicles. To plug this hole, a plant in Craigavon, Ireland was opened in 1980. Through the 80's Hyster continued to concentrate on developing industry leading forklifts. The Hyster company name was recognized throughout the world for its dedication towards superiority. This attention to quality brought a lot of suitors for the business. In 1989, a large international corporation based in Ohio called NACCO Industries bought Hyster and started an aggressive expansion strategy. NACCO promptly replaced the XL philosophy with a more driver oriented forklift that focused on operator comfort, which is known as the XM generation of trucks.
The shift in supply change management to a much more just-in-time focused structure has meant that Hyster has had to constantly make investments in new-found technologies. Acquisitions and investments were made in the US, Italy, Netherlands, and numerous other places throughout the world. All of these investments have made Hyster a worldwide leader in the forklift market. Recently, Hyster celebrated its eightieth anniversary as an industry leader of materials handling equipment, which consists of over three hundred different versions of lift trucks.
