Lift trucks or forklifts are critical machines that are used in industrial settings to lift and move materials in short distances. The creation of this vehicle allows companies to be more productive and cost efficient. This machinery remains to be one of the indispensable pieces in the arena of manufacturing and warehousing operations.
Hyster-Yale Materials Handling is one of the world’s premier designers, engineers and manufacturers of these machines. The company continues to offer a complete line of these vehicles and as well as aftermarket parts that are sold under two brand names. The lift trucks offered by the business include those that are electrically powered, warehousing and internal combustion engine trucks. These offerings are marketed under the names Hyster and Yale. As one of the world’s most celebrated manufacturers of these vehicles, the company has reported that during their 2014 fiscal year, they were able to ship out about 825,000 units of drive parts around the world. The figure backs the claim of the company as being a leading global provider of lift truck parts and units.
The business continues to operate together with its subsidiary, NACCO Materials Handling Group, Inc. With more than 80 years of experience and expertise in the trade, the company remains to be one of the most innovative businesses in the manufacturing industry. It is worth noting that the business is responsible for introducing to the market several firsts in the category of lifting. They were the first to innovate battery-powered low-lift platform trucks, the first hypoid drive axle and the first fluid coupling transmission.
It is in Cleveland, Ohio that the company holds its corporate office. As a global venture, the company is capable of generating more than $2.8 billion in annual revenue. It continues to maintain manufacturing facilities in the Philippines, Japan, China, Vietnam, Italy, the Netherlands, Mexico, Brazil, the United States and in Ireland.
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