Clark Material Handling Company, stylized as CLARK, is an American manufacturer of forklift trucks based in Lexington, Kentucky. The company has a production plant in Changwon, South Korea. Clark currently offers some 304 different models. According to the company, there are some 350,000 Clark forklift trucks currently in operation around the world. Clark is credited with having invented the world's first truck with a hydraulic lifting mechanism in 1920, the Truclift, the forerunner to modern forklift trucks. The company started as a manufacturer of transmissions and axles for the automobile industry. Since 2003, Clark has been owned by the Young An Hat Company of Korea.