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Hyster is a global corporation that builds more than 300 diverse types of lift trucks. However, it began as a manufacturer of lifting equipment as well as winches. Most of its production was concentrated in the northwest United States and dealt primarily with the wood and logging industry. A couple years after the 1st forklift trucks were invented Hyster became synonymous with quality production. Over the last 80 years Hyster has continued to get bigger and grow its product line. The expansion of its products coupled with its wish to stay service oriented has allowed Hyster to mature into the international player it is in the present day.
Through the three 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 Danville, Illinois that was totally devoted to bulk producing trucks. This allowed Hyster to force its expenses down and, at the same time, offer a better quality product at industry aggressive prices. 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 continued to aggressively expand its manufacturing operations all the way through the 1950's and 60's. They started building container handlers in the US in 1959 to meet with 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 in the decade Hyster opened a R and D centre in Oregon that was focused 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.
As demand for materials handling equipment continued to expand swiftly throughout the 1960's, Hyster needed to reorient its focus towards these new mass markets. As a result, in 1970, the XL design philosophy was born. The XL design philosophy allowed Hyster to afford better quality at a more reasonable cost. A further expansion in production capabilities was necessitated by the need in Europe for Internal Combustion Engine Trucks. To fill this gap, a plant in Craigavon, Ireland was opened in 1980. Through the 1980's Hyster continued to concentrate on developing industry leading forklifts. The Hyster company name was recognized throughout the world for its commitment towards superiority. This attention to quality brought a lot of suitors for the business. In 1989, a large multinational company based in Ohio called NACCO Industries bought Hyster and began an aggressive growth strategy. NACCO swiftly changed the XL philosophy with a more driver oriented truck that focused on operator comfort, which is recognized as the XM generation of lift trucks.
With the universal shift towards just-in-time management methods, Hyster has been required to keep up with the trends through investment in new and diverse technologies. Acquisitions and investments were made in the US, Italy, Netherlands, and lots of other places throughout the globe. All of these investments have made Hyster a worldwide leader in the lift truck market. In 2009, Hyster celebrated its eightieth anniversary as an industry leader of materials handling equipment, which includes more than 300 assorted models of lift trucks.
