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Hyster is one of the most popular North American lift truck industries. It was founded in 1929 by E. G. Swigert as an equipment supplier to Oregon's lumber industry. Hyster has been among the top three lift truck manufacturers in North America since the 1950s. Hyster has always had a strong international scene since 1950 in countries such as England, Scotland, the Netherlands, Brazil, and Australia. They have been integral to the company's entry into the global market.
Beginning and Naming the Company
Hyster Company was founded as the Willamette-Ersted Company in 1929 by Ernest G. Swigert. The company began business as a manufacturer of winches and lifting machines for the Pacific Northwest logging industry. In 1944 the company name was officially changed to the Hyster Company. The name originated from the call of the loggers who would shout "Hoist'er!" when a log was ready to be raised.
Ernest's father, Charles Frederick Swigert, was the founder of ESCO Corp., a large steelworks, and ESCO remained a major shareholder of Hyster through the 1980s. Hyster Company headquarters were located in Portland, Oregon, near the logging and timber country that the company served. Hyster started as a manufacturer of lifting machines used in the rigorous logging industry of the United States' Pacific Northwest. A few years later, the first lift trucks were invented, and the Hyster® brand quickly gained its reputation for sound quality. For over eight decades, Hyster Company has continuously developed its product offering and service network to become the leading international player today. The timeline below highlights some of the milestones along the way. The first name of Hyster company was Willamette- Ersted company.
First Factory and Partners
One of the most important early customers was Caterpillar Tractor Company, which contracted Hyster to supply winches for its logging tractors. In 1936 Hyster opened a warehouse and distribution center in Caterpillar's town, Peoria, Illinois; in 1940, the two firms agreed to begin full-scale manufacturing. The Peoria plant established a foothold in the Midwest that would become Hyster's center for manufacturing in the ensuing decades.
After the war ended, Hyster took a position to capitalize on the new export business. To meet the growing demand for its lift trucks both at home and international, the firm opened a new plant in Danville, Illinois, to become the core of Hyster's manufacturing operations for the next 50 years.
In the 1950s, Hyster began to make serious attempts into the international market. For the following decade, the company opened manufacturing plants and distribution warehouses in Scotland, Australia, The Netherlands, Brasil, South Africa, and Canada. In 10 years, the Hyster sales more than quadrupled, rising international sales.
The prosperity that fueled the lift truck industry in the 1960s and 1970s came to an abrupt halt in the early 1980s. The recession of the early 1980s hit hard for many industrial companies, including Hyster. But, the forklift industry received a double blow as large Japanese auto companies began to make serious inroads into the American lift truck market. Among other Japanese firms, Toyota, Mitsubishi, Nissan, and Komatsu introduced low-cost, high-efficiency forklifts to Australia in the mid-1970s. In this way, Hyster had seen its once-dominant 30 percent market share cut in half. Similar roads were made In the EU during the late 70s, but overall the market growth in these areas declined heavily. By 1982, Japan's companies had gained control over 20 % of the American market, and domestic materials handling companies were scrambling to prevent further decline. The combined effect of the recession and Japan's competition have caused Hyster to lose its sales to $422 million, and in 1982 the company incurred its first unprofitable year, posting over $20 million net loss.
Privatization of Hyster
In 1984 Hyster was taken over by a private longtime shareholder ESCO corp. In the late 1980s, ESCO decided to cash in on its investment by selling the company to the highest bidder. NACCO inc., a former coal mining company, was in the process of diversifying and had already bought Hyster competitor Yale Materials Handling Corp. In May 1989, NACCO acquired Hyster for $620 million and an agreement to assume some $80 million of the company's debt. Hyster operations merged with Yale and Hyster-yale and became the #1 producer of lift trucks in North America.
The two companies' management was split in 1995 by NACCO, and Hyster has run as an independent company since then.
Today, Hyster is a leading material handling equipment and solutions manufacturer with a global reach and a commitment to sustainable growth. Hyster offers a comprehensive range of forklifts, pallet trucks, container handlers, and other materials handling equipment for sale or rent.
Looking to the future, Hyster is committed to continued innovation in the material handling industry. With a focus on developing new technologies that improve productivity and safety, Hyster is poised to lead the way in the forklift industry for years to come.
Why Should I Buy Hyster Forklift Parts?
When it comes to keeping your Hyster forklift in good working order, one of the most important things you can do is invest in quality replacement parts. Many people think that any old part will suffice when their forklift breaks down, but this couldn't be further from the truth. Using sub-par replacement parts can do more harm than good. Not only will they not last as long as their higher quality counterparts, but they could also end up causing even more damage to your Hyster forklift.
So, why should you invest in quality Hyster forklift parts? Here are four reasons:
They're built to last
One of the biggest benefits of investing in quality Hyster forklift parts is that they're built to last. They will be able to withstand the wear and tear of daily use, but they'll also last longer before needing to be replaced. This means you won't have to spend as much money on repairs or replacements down the road.
They offer better performance
Another advantage of quality Hyster forklift parts is that they offer better performance. They're designed specifically for your make and model of forklift, which means they'll fit perfectly and work as intended. On the other hand, sub-par parts may not fit as well or work as effectively, leading to decreased productivity and efficiency.
They improve safety
One of the most important reasons to invest in quality Hyster forklift parts is that they can improve safety. Well-made parts are less likely to fail or break down, putting you and your employees at risk. In addition, quality parts can help keep your forklift running smoothly, minimizing the chance of accidents.
They save you money in the long run
While quality forklift parts may cost more upfront, they'll save you money in the long run. This is because, as we mentioned before, they're built to last and offer better performance. This means you won't have to spend as much on repairs or replacements down the road, which can significantly save time.
Now that you know all the reasons you should buy quality Hyster forklift parts, it's time to start shopping! Check out our selection of quality replacement parts to keep your forklift running like new. Trust us; your wallet will thank you in the long run.
How to Choose the Right Parts for Hyster Lift Truck
When it comes to choosing replacement parts for your Hyster lift truck, there are a few things you need to take into consideration. First and foremost, you need to ensure that the replacement parts you're choosing are compatible with your specific Hyster lift truck model. Not all replacement parts are created equal, and not all will work with every Hyster lift truck model. If you're unsure about what replacement parts are compatible with your model, it's best to consult with your local Hyster dealer or an authorized Hyster service center.
In addition to compatibility, you also need to consider the condition of the replacement parts. It's important to remember that forklifts are tough machines, and they're built to withstand a lot of wear and tear. You don't necessarily need to choose the newest or most expensive replacement parts. Instead, focus on finding replacement parts that are in good condition, and that will be able to stand up to the rigors of your job.
Finally, you also need to consider your personal preferences when choosing replacement parts for your Hyster lift truck. Not everyone has the same needs, and not everyone will be happy with the same types of replacement parts. It's important to choose replacement parts that you're comfortable with, and that will meet your specific needs.
By keeping these factors in mind, you can be sure that you'll choose the right replacement parts for your Hyster lift truck. With the right parts, you can keep your forklift running smoothly and efficiently for years to come.
If you have any questions about choosing replacement parts for your Hyster lift truck, or if you need help finding the right parts for your specific model, don't hesitate to contact us at Lift Parts Warehouse. We would be happy to help!
When Should You Replace Your Hyster Forklift Parts
The answer to this question depends on a few factors, such as how often the forklift is used, what type of environment it is used in, and the type of maintenance it receives.
A forklift used daily in a warehouse environment will need parts replaced more often than one that is only used occasionally or is kept indoors. When it comes to deciding when to replace Hyster forklift parts, it is always best to err on caution and replace them sooner rather than later.
Another factor to consider is the type of environment the forklift is used in. If used in a dusty or dirty environment, the parts will need to be replaced more often than used in a clean environment.
Finally, the Hyster forklift's type of maintenance will also affect how often parts need to be replaced. A forklift that is regularly serviced and maintained will have parts that last longer than one that is not serviced.
If you are unsure when to replace your Hyster forklift parts, it is always best to consult with a qualified technician. They will be able to help you determine the best time to replace your parts based on the factors mentioned above. Replacing forklift parts is important for maintaining your forklift and keeping it in good working condition. By replacing them when needed, you can avoid expensive repairs down the road.
Lift Parts Warehouse: The 1st-option to look for Hyster Forklift Parts
If you're looking for high-quality Hyster forklift parts, Lift Part Warehouse is the place to go. We carry a wide variety of parts for all types of Hyster forklifts, so you're sure to find what you need. Our team is always available to help if you have any questions.
Here are some reasons why you should choose Lift Parts Warehouse to buy Hyster forklift parts: You can find all the Hyster parts you need at Lift Parts Warehouse
We stock a huge selection of Hyster parts for all makes and models of forklifts, and we're always adding more. If you don't see the part you need, request an item, and we'll help you in minutes! We're committed to providing the best possible service and the lowest prices on forklift parts. All parts are high quality and backed by a warranty
We have a wide variety of parts to choose from. We have the largest inventory in the world. We can ship anywhere in the world. We have a 100% satisfaction guarantee. You'll get great customer service when you order from Lift Parts Warehouse
Our team is passionate about providing our customers with the best possible experience, and we'll do whatever it takes to make sure you're happy with your purchase. Whether you need help finding the right part for your lift truck or you have a question about one of our products, we'll be happy to assist you.
We have a comprehensive knowledge of the products we sell, and our team is always available to help you find the right part for your forklift. We guarantee that you'll be happy with your purchase, and we're here to help you get the most out of your forklift. Contact us today to learn more about our products and services! Prices are competitive, and shipping is always fast
You can find the parts you need for your forklift, whether a Toyota, Hyster, Yale, or any other brand. We have a wide selection of parts in stock, and if we don't have what you're looking for, we can get it for you quickly. You can count on us to keep your forklift running smoothly.
So why wait? Choose Lift Part Warehouse today!
The Hyster Company was an equipment supplier to the lumber industry, and it has been one of the top three forklift manufacturers in North America since 1950.
In 1929, the company was founded as Willamette-Ersted Co., and in 1944 it became the Hyster Company.
Hyster opened new manufacturing plants and distribution warehouses in different countries.
ESCO Corp. bought Hyster, merged it with Yale, and became the #1 producer of lift trucks in North America.
Lift Parts Warehouse is the first place to look for all of your Hyster parts needs. With our vast selection and low prices, there's no better option than here!