Hyster is a well-known brand in the material handling industry, particularly for its forklifts. The company has a rich history that dates back to the early 20th century. The story of Hyster begins in 1929, when a company named Willamette Iron and Steel Works established a new division known as Hyster Company. The goal of this division was to manufacture a new type of hoist that could lift and move heavy loads.
Over the next few decades, Hyster continued to expand and innovate. In the 1930s, the company introduced its first forklift, which quickly gained popularity in the manufacturing industry. By the 1950s, Hyster had established itself as a leading producer of material handling equipment, with forklifts as its primary product.
In the 1960s and 1970s, Hyster continued to expand its product line and grow its global presence. The company opened new manufacturing facilities in the United States, Europe, and Asia, and developed new models of forklifts and other material handling equipment.
Throughout the 1980s and 1990s, Hyster faced increasing competition from other manufacturers, particularly from Japan. However, the company continued to innovate and invest in research and development, and in 1995, it introduced the Hyster Fortis line of forklifts, which featured advanced technology and improved performance.
In 2000, Hyster was acquired by NACCO Industries, Inc., a diversified company with interests in materials handling, household appliances, and specialty retailing. Under NACCO’s ownership, Hyster has continued to expand its product line and invest in new technology, with a focus on improving efficiency and reducing emissions.
Today, Hyster is a global leader in the material handling industry, with a wide range of products and services for businesses of all sizes. The company’s commitment to innovation and customer service has helped it maintain its position as one of the most respected and trusted names in the industry.