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Through the 3 decades between the 1940's and 1960's, Hyster made significant strides on its way to becoming the international leader in the forklift industry it is at the moment. In 1946, Hyster opened a plant in Illinois that was fully committed to bulk producing trucks. This allowed Hyster to force its expenses down and, at the same time, offer a better quality product at industry aggressive 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.
Hyster continued to aggressively expand its production operations throughout the 1950's and 60's. They started constructing 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 performance 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 manufacturing 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 provide greater quality at a more affordable cost. A further expansion in production capabilities was necessitated by the need 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 concentrate on developing industry leading forklifts. The Hyster company name was recognized throughout the world for its dedication towards excellence. This attention to excellence brought a lot of suitors for the enterprise. In 1989, a large international business based in Ohio called NACCO Industries purchased Hyster and started an aggressive expansion plan. NACCO rapidly replaced the XL philosophy with a more driver oriented truck that focused on operator comfort, which is well-known as the XM generation of forklifts.
The changing needs of Hyster's valued clientele, led by improvements in supply chain management, required Hyster to continuously innovate and invest in modern manufacturing technology during the next few decades. Acquisitions and investments were made in the United States, Italy, Netherlands, and a lot of other places all over the globe. All of these investments have made Hyster a global leader in the forklift market. In 2009, Hyster celebrated its eightieth anniversary as an industry leader of materials handling equipment, which consists of more than 300 various models of forklift trucks.
