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
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey