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Through the 3 decades between the 1940's and 1960's, Hyster made considerable strides on its pathway to becoming the global leader in the forklift industry it is at the moment. In 1946, Hyster opened a plant in Danville, Illinois that was completely devoted to bulk producing trucks. This allowed Hyster to force its expenses 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 spread out into different product lines throughout the 50's and 60's. They began building container handlers in the US in 1959 to meet with the ever expanding demand for transportation goods. In 1966, Hyster developed a system for enabling a lift truck to go both forward 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 R and D centre in Oregon that was focused on improving the design and functionality of lift trucks. The centre is still one of the world's greatest testing facilities in the materials handling industry.
As demand for materials handling equipment continued to expand rapidly through the 1960's, Hyster considered it necessary to reorient its focus towards these new mass markets. Consequently, in 1970, the XL design philosophy was born. The XL design philosophy allowed Hyster to supply greater quality at a more reasonable price. A further expansion in production capabilities was necessitated by the demand in Europe for Internal Combustion Engine Trucks. To fill this hole, a plant in Craigavon, Ireland was opened in 1980. Through the 1980's Hyster continued to concentrate on developing industry leading lift trucks. The Hyster company name was known throughout the globe for its commitment towards superiority. This attention to quality brought many suitors for the company. In 1989, a large international business based in Ohio called NACCO Industries bought Hyster and began an aggressive growth strategy. 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.
The evolving requirements of Hyster's valued clientele, led by improvements in supply chain management, required Hyster to constantly innovate and invest in new production technologies during the next few decades. Acquisitions and investments were made in the US, Italy, Netherlands, and numerous other places throughout the world. All of these investments have made Hyster a global leader in the lift truck market. Recently, Hyster celebrated its eightieth anniversary as an industry leader of materials handling equipment, which includes over three hundred different types of lift trucks.
