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Hyster experienced major improvements through the 1940's and 1960's. In 1946, Hyster opened a plant in Danville, Illinois that was fully devoted to bulk producing trucks. This allowed Hyster to force its costs down and, at the same time, 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.
Between the late 50's through the 60's, Hyster continued to expand into new markets. They began building container handlers in the United states in 1959 to satisfy the ever growing demand for transportation goods. In 1966, Hyster developed a means for allowing 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 in the decade Hyster opened a R&D centre in Oregon that was concentrated on improving the design and performance of lift trucks. The centre is still one of the world's best testing facilities in the materials handling industry.
As demand for materials handling equipment continued to expand swiftly throughout the 60's, Hyster considered it necessary to reorient its focus towards these new 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 manufacturing capabilities was necessitated by the need in Europe for Internal Combustion Engine Trucks. To fill this hole, a plant in Craigavon, Ireland was opened in 1980. Through the eighties Hyster continued to focus on developing industry leading lift trucks. The Hyster company name was recognized throughout the globe for its commitment towards excellence. This attention to excellence brought a lot of suitors for the enterprise. In 1989, a large multinational company based in Ohio called NACCO Industries purchased Hyster and started an aggressive growth strategy. NACCO rapidly replaced the XL philosophy with a more driver oriented forklift that focused on operator comfort, which is recognized as the XM generation of lift trucks.
The shift in supply change management to a much more just-in-time focused structure has meant that Hyster has had to constantly make investments in new-found technology. Acquisitions and investments were made in the US, Italy, Netherlands, and many other places throughout the world. All of these investments have made Hyster a worldwide leader in the lift truck market. Recently, Hyster celebrated its 80th anniversary as an industry leader of materials handling equipment, which includes more than three hundred various types of forklift trucks.
