Hyster-Yale commits to more American production
Hyster-Yale has announced its commitment to the Build America, Buy America (BABA) Act requirements which includes manufacturing electric port equipment and high-capacity forklifts within the US.
With the new initiative, the company plans to expand American production to include high-capacity electric container handling equipment powered by lithium-ion batteries and hydrogen fuel cells.
“Our leadership is fully invested in meeting the needs of businesses that require BABA-compliant material handling solutions,” said Tony Salgado, chief operating officer of Hyster-Yale.
”Beyond compliance, we are steadfast in delivering industry-leading standards in design, durability, and performance — qualities our customers have come to rely on.”
American footprint
Currently, Hyster-Yale produces forklifts up to 19,000 lbs in the US across four manufacturing facilities.
However, its larger container handling equipment, including Big Trucks, is manufactured abroad.
The move to build more in America addresses increasing demand for US-made electric port equipment in federally funded infrastructure projects, such as ports, bridges and public transit systems.
To comply with BABA’s requirement that 55% of component value must be US-sourced, Hyster-Yale plans to expand domestic sourcing agreements and leverage its American manufacturing footprint.