Clark Material Handling Company (or CMHC) is a manufacturer of forklift trucks based in Lexington, Kentucky. The company has a production plant in Changwon, South Korea. Clark currently (2012) offers some 24 different models. According to the company, there are some 600,000 Clark forklift trucks currently in operation around the world. Clark is credited with having invented the worlds 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. The Clark company has factories in Changwon (South Korea), Quingdao (China) and another one in Lexington, Kentucky.