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Hyster experienced major innovations through the 1940's and 1960's. In 1946, Hyster opened a plant in Illinois that was completely committed 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.
Hyster, along with the entire forklift industry, continued to expand into different product lines throughout the 1950's and 60's. They started constructing container handlers in the US in 1959 to meet with the ever expanding demand for transportation goods. In 1966, Hyster developed a system for allowing a lift truck to go both forward and backwards using the same pedal. This pedal was labeled the Monotrol pedal, which revolutionized the industry. Later in the decade Hyster opened a research and development centre in Oregon that was concentrated on improving the design and performance of forklifts. The centre is still one of the world's greatest testing facilities in the materials handling industry.
In the 1960's Hyster experienced rapid growth. Much of the business was shifting in the direction of mass manufacturing. To keep up with the times Hyster was inclined to focus on the evolution of these mass markets. Consequently, 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 production capabilities was necessitated by the demand in Europe for Internal Combustion Engine Trucks. To fill this gap, a plant in Craigavon, Ireland was opened in 1980. Through the eighties Hyster continued to concentrate on developing industry leading forklifts. The Hyster company name was recognized throughout the world for its commitment towards excellence. This attention to quality produced a lot of suitors for the enterprise. In 1989, a large multinational corporation based in Ohio called NACCO Industries purchased Hyster and started an aggressive expansion strategy. NACCO quickly changed the XL philosophy with a more driver oriented lift truck that focused on operator comfort, which is known as the XM generation of forklifts.
The evolving requirements of Hyster's valued clientele, led by improvements in supply chain management, required Hyster to continuously innovate and make investments in new manufacturing technologies during the next few decades. Acquisitions and investments were made in the US, Italy, Netherlands, and countless other places all over the globe. All of these investments have made Hyster a international leader in the lift truck market. Recently, Hyster celebrated its eightieth anniversary as an industry leader of materials handling equipment, which consists of more than three hundred assorted types of lift trucks.