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Hyster is an industry leader in the materials handling industry that has been in business for over 80 years. However, it started as a manufacturer of lifting machines as well as winches. Most of its production was concentrated in the northwest United States and dealt primarily with the lumber and logging industry. A couple years after the first forklift trucks were invented Hyster became synonymous with quality production. Over the previous eighty years Hyster has continued to get bigger and increase 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 now.
Through the three decades between the 1940's and 1960's, Hyster made substantial strides on its path to becoming the world leader in the forklift industry it is at present. In 1946, Hyster opened a plant in Danville, Illinois that was totally dedicated to bulk manufacturing trucks. This allowed Hyster to force 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.
Hyster, along with the entire forklift industry, continued to spread out into different product lines throughout the 50's and 60's. They started constructing container handlers in the United states in 1959 to satisfy the ever growing demand for transportation goods. In 1966, Hyster developed a technique for enabling a lift truck to go both ahead and backwards using the same pedal. This pedal was known as the Monotrol pedal, which revolutionized the industry. Later in the decade Hyster opened a research and development centre in Oregon that was focused on improving the design and functionality of lift trucks. The centre is still one of the world's best testing facilities in the materials handling industry.
In the 1960's Hyster experienced rapid growth. Much of the business was shifting towards mass production. To keep up with the times Hyster was inclined to concentrate on the evolution of these mass markets. Hence, in 1970, the XL design philosophy was born. The XL design philosophy allowed Hyster to offer superior quality at a more affordable cost. A further expansion in manufacturing capabilities was necessitated by the demand 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 focus on developing industry leading forklifts. The Hyster brand name was recognized throughout the world for its dedication towards excellence. This attention to quality produced several suitors for the company. In 1989, a large international company based in Ohio called NACCO Industries bought Hyster and started an aggressive growth plan. NACCO promptly replaced the XL philosophy with a more driver oriented truck that concentrated on operator comfort, which is identified as the XM generation of forklifts.
The shift in supply change management to a much more just-in-time focused arrangement has meant that Hyster has had to constantly make investments in brand new 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. Recently, Hyster celebrated its eightieth anniversary as an industry leader of materials handling equipment, which includes more than 300 various models of lift trucks.
