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Through the 3 decades between the 1940's and 1960's, Hyster made considerable strides on its pathway to becoming the global leader in the forklift industry it is at the moment. In 1946, Hyster opened a plant in Illinois that was fully devoted to mass manufacturing trucks. This allowed Hyster to force its expenses 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 forever changing needs of Hyster users and Hyster's capacity to continue to innovate led to rapid development throughout the 50's and sixties. 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 method 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 enhancing the design and functionality of forklifts. The centre is still one of the world's top testing facilities in the materials handling industry.
In the 1960's Hyster experienced rapid expansion. 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. Accordingly, in 1970, the XL design philosophy was born. The XL design philosophy allowed Hyster to afford better quality at a more affordable 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 eighties Hyster continued to concentrate on developing industry leading forklifts. The Hyster company name was known throughout the world for its dedication towards excellence. This attention to excellence produced numerous suitors for the business. In 1989, a large international business based in Ohio called NACCO Industries bought Hyster and started an aggressive growth plan. NACCO swiftly replaced the XL philosophy with a more driver oriented forklift that focused on operator comfort, which is known as the XM generation of trucks.
The evolving needs of Hyster's customers, led by improvements in supply chain management, required Hyster to constantly innovate and invest in modern production systems during the next few decades. 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 worldwide leader in the forklift market. In 2009, Hyster celebrated its eightieth anniversary as an industry leader of materials handling equipment, which includes over 300 assorted models of forklift trucks.
