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As a worldwide leader in forklift trucks, Hyster continuously strives for excellence in product quality and safety. However, it began as a manufacturer of lifting machinery 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 manufacturing. Over the last 80 years Hyster has continued to expand and increase its product line. The growth of its products coupled with its want to stay service oriented has allowed Hyster to develop into the worldwide player it is at present.
Through the 3 decades between the 1940's and 1960's, Hyster made substantial strides on its way to becoming the world leader in the forklift industry it is at present. In 1946, Hyster opened a plant in Danville, Illinois that was exclusively committed to mass producing trucks. This allowed Hyster to drive its costs down and, simultaneously, 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 forever changing needs of Hyster clientele and Hyster's capacity to continue to innovate led to rapid development throughout the fifties and sixties. 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 allowing a lift truck to go both ahead and backwards using the same pedal. This pedal was referred to as 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 top testing facilities in the materials handling industry.
In the 1960's Hyster experienced rapid expansion. Much of the manufacturing was shifting in the direction of bulk production. To keep up with the times Hyster was inclined to concentrate on the evolution of these mass markets. Consequently, in 1970, the XL design philosophy was born. The XL design philosophy allowed Hyster to offer better quality at a more inexpensive cost. A further expansion in production capabilities was necessitated by the need in Europe for Internal Combustion Engine Trucks. To fill this hole, a plant in Craigavon, Ireland was opened in 1980. Through the 1980's Hyster continued to focus on developing industry leading forklifts. The Hyster company name was recognized throughout the world for its commitment towards superiority. This attention to quality produced several suitors for the company. In 1989, a large international corporation based in Ohio called NACCO Industries purchased Hyster and started an aggressive expansion plan. NACCO quickly changed the XL philosophy with a more driver oriented truck 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 method has meant that Hyster has had to constantly make investments in new technology. Acquisitions and investments were made in the United States, Italy, Netherlands, and numerous other places all over the world. All of these investments have made Hyster a international leader in the lift truck market. Recently, Hyster celebrated its 80th anniversary as an industry leader of materials handling equipment, which comprises more than 300 different models of forklift trucks.