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Hyster is an international company that builds over 300 diverse versions of lift trucks. However, it started as a manufacturer of lifting equipment as well as winches. Most of its production was concentrated in the Pacific Northwest and dealt primarily with the wood and logging industry. A couple years after the first forklift trucks were invented Hyster became synonymous with quality production. Over the last eighty years Hyster has continued to expand and grow its product line. The growth of its products coupled with its wish to stay service oriented has allowed Hyster to grow into the intercontinental participant it is now.
In the period between 1940 and 1960, Hyster continued its development throughout the western world. In 1946, Hyster opened a plant in Illinois that was totally committed to mass producing trucks. This allowed Hyster to drive its costs 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 1950's and 60's. They began constructing container handlers in the US in 1959 to satisfy the ever growing demand for transportation goods. In 1966, Hyster developed a technique for allowing a lift truck to go both forward and backwards using the same pedal. This pedal was called the Monotrol pedal, which revolutionized the industry. Later on in the decade Hyster opened a research and development centre in Oregon that was concentrated on enhancing 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 throughout the 60's, 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 reasonable price. A further expansion in manufacturing 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 80's Hyster continued to focus on developing industry leading forklifts. The Hyster company name was known throughout the world for its commitment towards superiority. This attention to quality produced numerous suitors for the enterprise. In 1989, a large multinational corporation 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 lift truck that concentrated on operator comfort, which is well-known as the XM generation of lift trucks.
The shift in supply change management to a much more just-in-time focused method has meant that Hyster has had to continually make investments in brand new technologies. Acquisitions and investments were made in the United States, Italy, Netherlands, and numerous other places throughout the world. All of these investments have made Hyster a world leader in the forklift market. In 2009, Hyster celebrated its 80th anniversary as an industry leader of materials handling equipment, which comprises more than three hundred various styles of forklift trucks.
