Hyster marks 80th anniversary in 2009
Hyster Company is marking its 80th year as a lift truck manufacturer. Hyster Company was born when Willamette Iron & Steel, originally a lumber carrier manufacturer, merged with two other companies in 1929 to form a new company named Williamette Ersted. The name was eventually changed to Hyster Company, a reference to laborers shouting "Hoist 'er!" when a load was ready to be lifted.
Since introducing a smaller lift truck in 1941 and moving into the container handling market in 1959, Hyster Company now offers 130 models of lift trucks configured for gasoline, LPG, diesel or electric power, with a capacity range between 2,000 pounds and 115,000 pounds.
This year, Hyster introduced the E45-70XN, an electric ac product that combines energy efficiency and productivity capabilities.
"Since 1929, Hyster Company has aimed to provide the best products and support to meet the material handling needs of our customers," said Hyster president Paul Laroia. "Today, 80 years later, we remain as committed as ever to maintaining and meeting that same goal."
Hyster has also released a guidebook, "The Right Time: A Guide to the Timely Replacement of Lift Trucks." The publication offers information on how to improve productivity, increase uptime and reduce maintenance costs by knowing when to replace older, less efficient lift trucks. For information, go to www.hyster.com.
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Annual Salary Survey
In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.
Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.