As a international leader in forklift trucks, Hyster continually strives for superiority in product quality and safety. However, it began as a producer of lifting equipment and winches. Most of its production was concentrated in the northwest United States 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 eighty years Hyster has continued to get bigger and grow its product line. The growth of its products coupled with its want to stay service oriented has allowed Hyster to develop into the global participant it is at present.
Through the three decades between the 1940's and 1960's, Hyster made significant strides on its path to becoming the worldwide leader in the forklift industry it is at present. In 1946, Hyster opened a plant in Illinois that was completely committed to bulk producing trucks. This allowed Hyster to force its costs down and, at the same time, offer a better quality product at industry competitive 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.
The ever changing needs of Hyster customers and Hyster's talent to continue to innovate led to rapid expansion throughout the 50's and 1960's. They began 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 labeled the Monotrol pedal, which revolutionized the industry. Later in the decade Hyster opened a research and development centre in Oregon that was focused on enhancing the design and performance of lift trucks. 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 swiftly throughout the sixties, Hyster considered it necessary to reorient its concentration towards these new mass markets. Hence, in 1970, the XL design philosophy was born. The XL design philosophy allowed Hyster to supply superior quality at a more inexpensive price. A further expansion in production capabilities was necessitated by the need in Europe for Internal Combustion Engine Vehicles. To fill this gap, a plant in Craigavon, Ireland was opened in 1980. Through the 80's Hyster continued to focus on developing industry leading lift trucks. The Hyster company name was known throughout the globe for its dedication towards quality. This attention to quality produced a lot of suitors for the company. In 1989, a large international company based in Ohio called NACCO Industries purchased Hyster and started an aggressive expansion plan. NACCO swiftly replaced the XL philosophy with a more driver oriented lift truck that concentrated on operator comfort, which is identified as the XM generation of trucks.
With the global change 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 countless 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 80th anniversary as an industry leader of materials handling equipment, which comprises over 300 assorted styles of lift trucks.
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