NACCO Industries

Behind Hyster: The Strength of an Industry Leader

Hyster is part of NACCO Industries Inc., a US company based in Cleveland Ohio, which employs 10,600 people world-wide. NACCO Industries has three principal businesses: lift trucks, housewares and mining.

In 2007 NACCO Industries reported revenues of $3.6 billion and net income of $89.3 million. NACCO Industries is listed among the “Fortune 1000”, which ranks top American companies by revenues.
NACCO Materials Handling Group, Inc. (NMHG) is the division of NACCO Industries which designs, engineers, manufactures and sells fork lift trucks and aftermarket parts marketed globally under the Hyster® brand name.
NMHG is a world leader in the lift truck industry with an estimated 723,000 trucks in operation and an estimated 12 percent market share worldwide, including a 26 percent share in the Americas market.
The wholesale activities of NMHG generated revenues of $2.6 billion in 2007, and net income of $48.2 million, demonstrating impressive growth for the third year running. Shipments last year also reached a record 90,899 units.
Pursuing our vision of being a leading globally integrated designer, manufacturer and marketer of a complete range of high-quality, application-tailored lift trucks, NMHG continues to invest aggressively in programs focused on global quality and efficiency, product innovation and sales and service excellence.

For further information on NACCO industries and NACCO Materials Handling Group, Inc., visit the NACCO website at http://www.nacco.com/.