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Hyster is presently a global leader in forklifts and warehousing solutions. However, it started as a manufacturer of lifting machines 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 first forklift trucks were invented Hyster became synonymous with quality manufacturing. Over the preceding 80 years Hyster has continued to expand and develop its product line. The expansion of its products coupled with its want to stay service oriented has allowed Hyster to grow into the international participant it is today.
Through the three decades between the 1940's and 1960's, Hyster made substantial strides on its way to becoming the global leader in the forklift industry it is at the moment. In 1946, Hyster opened a plant in Illinois that was totally dedicated to bulk manufacturing trucks. This allowed Hyster to drive its expenses down and, simultaneously, 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, along with the entire forklift industry, continued to spread out into different product lines throughout the fifties and 60's. They started building container handlers in the US in 1959 to satisfy the ever expanding demand for transportation goods. In 1966, Hyster developed a method for enabling a lift truck to go both forward 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 and D centre in Oregon that was concentrated on improving the design and performance of forklifts. The centre is still one of the world's top testing facilities in the materials handling industry.
As demand for materials handling equipment continued to expand rapidly during the sixties, 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 offer better quality at a more affordable price. A further expansion in manufacturing capabilities was necessitated by the need in Europe for Internal Combustion Engine Vehicles. To fill 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 known throughout the world for its commitment towards superiority. This attention to quality produced many suitors for the enterprise. In 1989, a large international corporation based in Ohio called NACCO Industries bought Hyster and started an aggressive growth plan. 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 lift trucks.
The shift in supply change management to a much more just-in-time focused structure has meant that Hyster has had to frequently invest in brand new technology. Acquisitions and investments were made in the US, Italy, Netherlands, and various other places throughout the globe. All of these investments have made Hyster a international leader in the forklift market. In 2009, Hyster celebrated its eightieth anniversary as an industry leader of materials handling equipment, which consists of more than three hundred various styles of forklift trucks.
