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Through the 3 decades between the 1940's and 1960's, Hyster made substantial strides on its path to becoming the international leader in the forklift industry it is today. In 1946, Hyster opened a plant in Danville, Illinois that was exclusively committed to mass manufacturing trucks. This allowed Hyster to drive 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.
Hyster continued to aggressively expand its production operations all the way through the fifties and 60's. They started constructing container handlers in the United states in 1959 to meet with the ever growing demand for transportation goods. In 1966, Hyster developed a process for enabling a lift truck to go both ahead and backwards using the same pedal. This pedal was labeled as the Monotrol pedal, which revolutionized the industry. Later on in the decade Hyster opened a R and D centre in Oregon that was focused on enhancing the design and performance of lift trucks. The centre is still one of the world's best testing facilities in the materials handling industry.
The 60's was characterized by rapid growth right through the entire materials handling industry. Due to this, Hyster needed to refocus its strategy towards these developing mass markets. Thus, in 1970, the XL design philosophy was born. The XL design philosophy allowed Hyster to provide greater quality at a more inexpensive price. A further expansion in manufacturing capabilities was necessitated by the demand in Europe for Internal Combustion Engine Vehicles. To plug this hole, 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 recognized throughout the globe for its commitment towards quality. This attention to excellence produced numerous suitors for the business. In 1989, a large international business based in Ohio called NACCO Industries bought Hyster and began an aggressive growth strategy. NACCO swiftly changed the XL philosophy with a more driver oriented lift truck that focused on operator comfort, which is well-known as the XM generation of lift trucks.
The changing needs of Hyster's consumers, led by changes in supply chain management, required Hyster to continuously innovate and invest in new production systems during the next few decades. Acquisitions and investments were made in the US, Italy, Netherlands, and countless other places throughout the world. All of these investments have made Hyster a worldwide leader in the forklift market. In 2009, Hyster celebrated its 80th anniversary as an industry leader of materials handling equipment, which consists of more than 300 various models of lift trucks.
