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Through the 3 decades between the 1940's and 1960's, Hyster made considerable strides on its way to becoming the international leader in the forklift industry it is nowadays. In 1946, Hyster opened a plant in Danville, Illinois that was fully dedicated to mass manufacturing trucks. This allowed Hyster to force its costs 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 ever varying needs of Hyster customers and Hyster's capability to continue to innovate led to rapid development throughout the 50's and 60's. They started building container handlers in the US in 1959 to satisfy the ever expanding demand for transportation goods. In 1966, Hyster developed a means 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&D centre in Oregon that was focused on improving 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 swiftly during the 1960'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 superior quality at a more affordable price. A further expansion in production capabilities was necessitated by the need in Europe for Internal Combustion Engine Vehicles. To fill this hole, a plant in Craigavon, Ireland was opened in 1980. Through the eighties Hyster continued to focus on developing industry leading forklifts. The Hyster brand name was known throughout the world for its commitment towards quality. This attention to quality brought many suitors for the business. In 1989, a large international company based in Ohio called NACCO Industries bought Hyster and began an aggressive growth plan. NACCO promptly replaced the XL philosophy with a more driver oriented lift truck that focused on operator comfort, which is well-known as the XM generation of trucks.
With the overall change towards just-in-time management methods, Hyster has been required to keep up with the trends through investment in new and diverse technologies. Acquisitions and investments were made in the United States, Italy, Netherlands, and many other places all over the world. All of these investments have made Hyster a international leader in the forklift market. Recently, Hyster celebrated its eightieth anniversary as an industry leader of materials handling equipment, which comprises over 300 various models of forklift trucks.
