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Some of the major inflection points in Hyster's history occurred between the 1940's and the 1960's. In 1946, Hyster opened a plant in Illinois that was completely devoted to mass producing trucks. This allowed Hyster to drive 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.
Between the late 50's through the 1960's, Hyster continued to expand into new markets. They started building 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 labeled as the Monotrol pedal, which revolutionized the industry. Later on in the decade Hyster opened a R and D centre in Oregon that was concentrated on enhancing the design and performance of lift trucks. The centre is still one of the world's greatest testing facilities in the materials handling industry.
The 60's was characterized by rapid growth throughout the entire materials handling industry. Due to this, Hyster needed to refocus its approach towards these developing mass markets. Accordingly, in 1970, the XL design philosophy was born. The XL design philosophy allowed Hyster to offer superior quality at a more reasonable price. A further expansion in production capabilities was necessitated by the demand in Europe for Internal Combustion Engine Vehicles. To plug 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 brand name was recognized throughout the world for its dedication towards superiority. This attention to quality brought a lot of suitors for the company. In 1989, a large international business based in Ohio called NACCO Industries bought Hyster and started an aggressive expansion plan. NACCO promptly replaced the XL philosophy with a more driver oriented lift truck that focused on operator comfort, which is identified as the XM generation of trucks.
The shift in supply change management to a much more just-in-time focused approach 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 a lot of other places throughout the globe. All of these investments have made Hyster a world leader in the forklift market. Recently, Hyster celebrated its eightieth anniversary as an industry leader of materials handling equipment, which includes over three hundred various models of forklift trucks.
