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Through the three decades between the 1940's and 1960's, Hyster made substantial strides on its pathway to becoming the global leader in the forklift industry it is at present. In 1946, Hyster opened a plant in Danville, Illinois that was totally devoted to mass manufacturing trucks. This allowed Hyster to force its expenses down and, simultaneously, offer a better quality product at industry competitive 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 varying needs of Hyster consumers and Hyster's skill 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 meet with the ever growing demand for transportation goods. In 1966, Hyster developed a system for allowing 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 R and D centre in Oregon that was concentrated on improving the design and performance of lift trucks. The centre is still one of the world's greatest testing facilities in the materials handling industry.
As demand for materials handling equipment continued to expand swiftly during the 60's, Hyster needed to reorient its focus towards these new mass markets. Thus, in 1970, the XL design philosophy was born. The XL design philosophy allowed Hyster to supply better quality at a more reasonable 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 concentrate on developing industry leading forklifts. The Hyster brand 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 business based in Ohio called NACCO Industries purchased Hyster and began an aggressive growth plan. NACCO promptly changed the XL philosophy with a more driver oriented truck that focused on operator comfort, which is well-known as the XM generation of trucks.
The changing requirements of Hyster's valued clientele, led by improvements in supply chain management, required Hyster to continuously innovate and make investments in modern production systems throughout the next few decades. Acquisitions and investments were made in the US, Italy, Netherlands, and lots of other places all over the globe. All of these investments have made Hyster a world leader in the lift truck market. Recently, Hyster celebrated its 80th anniversary as an industry leader of materials handling equipment, which comprises more than three hundred assorted types of lift trucks.
