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Hyster experienced major improvements through the 1940's and 1960's. In 1946, Hyster opened a plant in Illinois that was exclusively committed to mass producing trucks. This allowed Hyster to force its expenses down and, at the same time, 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 1950's through the 60's, Hyster continued to expand into new markets. They began building container handlers in the US in 1959 to meet with the ever growing 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 termed 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 functionality of lift trucks. The centre is still one of the world's top testing facilities in the materials handling industry.
The sixties was characterized by rapid growth throughout the whole materials handling industry. Due to this, Hyster needed to refocus its approach towards these developing mass markets. Thus, in 1970, the XL design philosophy was born. The XL design philosophy allowed Hyster to provide better quality at a more reasonable cost. A further expansion in production capabilities was necessitated by the need in Europe for Internal Combustion Engine Vehicles. To fill this gap, 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 produced numerous suitors for the enterprise. In 1989, a large multinational business based in Ohio called NACCO Industries bought Hyster and started an aggressive growth plan. NACCO promptly changed the XL philosophy with a more driver oriented forklift that concentrated on operator comfort, which is identified as the XM generation of lift trucks.
With the universal shift towards just-in-time administration 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 US, Italy, Netherlands, and a lot of other places throughout the globe. All of these investments have made Hyster a global leader in the lift truck market. Recently, Hyster celebrated its 80th anniversary as an industry leader of materials handling equipment, which includes over three hundred different styles of forklift trucks.
