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In the period between 1940 and 1960, Hyster continued its growth throughout the western world. In 1946, Hyster opened a plant in Danville, Illinois that was entirely devoted to mass producing trucks. This allowed Hyster to force its costs down and, simultaneously, 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, along with the entire forklift industry, continued to expand into different product lines throughout the 1950's and 60's. They began building container handlers in the United states in 1959 to satisfy the ever expanding demand for transportation goods. In 1966, Hyster developed a method for allowing a lift truck to go both ahead and backwards using the same pedal. This pedal was known as the Monotrol pedal, which revolutionized the industry. Later on in the decade Hyster opened a R&D centre in Oregon that was focused on enhancing the design and functionality of forklifts. 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 throughout the whole materials handling industry. Due to this, Hyster needed to refocus its strategy towards these emergent mass markets. Hence, in 1970, the XL design philosophy was born. The XL design philosophy allowed Hyster to afford better quality at a more reasonable cost. A further expansion in manufacturing capabilities was necessitated by the demand in Europe for Internal Combustion Engine Vehicles. To fill this gap, a plant in Craigavon, Ireland was opened in 1980. Through the 1980's Hyster continued to focus on developing industry leading forklifts. The Hyster company name was known throughout the globe for its commitment towards superiority. This attention to quality brought 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 replaced the XL philosophy with a more driver oriented lift truck that focused on operator comfort, which is identified as the XM generation of forklifts.
The shift in supply change management to a much more just-in-time focused structure has meant that Hyster has had to continually make investments in new-found technologies. Acquisitions and investments were made in the United States, Italy, Netherlands, and countless other places all over 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 consists of over 300 various styles of lift trucks.