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Some of the key 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 fully dedicated to mass producing trucks. This allowed Hyster to drive its costs 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.
Between the late fifties through the 60's, Hyster continued to expand into new markets. They began constructing container handlers in the United states in 1959 to meet with the ever growing demand for transportation goods. In 1966, Hyster developed a method for enabling a lift truck to go both forward and backwards using the same pedal. This pedal was labeled 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 enhancing the design and performance of lift trucks. The centre is still one of the world's best testing facilities in the materials handling industry.
The sixties was characterized by rapid growth right through the whole materials handling industry. Due to this, Hyster considered it necessary to refocus its strategy towards these developing mass markets. Consequently, in 1970, the XL design philosophy was born. The XL design philosophy allowed Hyster to afford superior quality at a more affordable cost. A further expansion in production capabilities was necessitated by the need in Europe for Internal Combustion Engine Trucks. To plug this hole, a plant in Craigavon, Ireland was opened in 1980. Through the 80's Hyster continued to focus on developing industry leading lift trucks. The Hyster brand name was known throughout the world for its dedication towards superiority. This attention to excellence brought a lot of suitors for the business. In 1989, a large multinational business based in Ohio called NACCO Industries purchased Hyster and started an aggressive growth strategy. NACCO swiftly changed the XL philosophy with a more driver oriented truck that concentrated on operator comfort, which is identified as the XM generation of lift trucks.
The evolving requirements of Hyster's consumers, led by improvements in supply chain management, required Hyster to constantly innovate and make investments in new manufacturing technologies throughout the next few decades. Acquisitions and investments were made in the US, Italy, Netherlands, and many other places all over the world. All of these investments have made Hyster a world leader in the forklift market. Recently, Hyster celebrated its 80th anniversary as an industry leader of materials handling equipment, which consists of over 300 different models of forklift trucks.
