Mašinska Industrija Niš Explained

Mašinska Industrija Niš
Native Name:Машинска Индустрија Ниш
Native Name Lang:sr
Type:d.o.o.
Industry:Holding
Fate:Bankruptcy procedure
Foundation:
Location City:Niš
Location Country:Serbia
Area Served:Serbia
Key People:Vesna Đošić
Assets: €11.35 million [1]
Equity: €0
Num Employees:0

Mašinska industrija Niš (Serbian: MИН Машинска индустрија Ниш; abbr. MIN) or Mechanical Industry Niš, is a Serbian holding corporation headquartered in Niš, Serbia. It is engaged in the energy, mining, process engineering, equipment for agriculture and a railways program. It declared bankruptcy in April 2015.

History

MIN was founded in 1884 as Railways workshop (Serbian: Железничке радионице / Železničke radionice) for the maintenance and repair of rolling stock. It was founded after construction of Belgrade-Niš railway. By the year 1890 the assembly, sawmills, steel foundry, forge, pattern shop and tool room were established. With their integration and the integration of other sectors that have emerged later, the Mechanical Industry Niš (MIN) was founded.

MIN was one of the main companies who maintained Yugoslav Railways diesel locomotives. It has also produced several diesel locomotives series for both railways and industry. At peak MIN employed 17.000 workers.[2]

In April 2015, around 500 employees took severance payments and the company went into bankruptcy procedure.[3]

Products

Locomotives

Holding members before process of privatization

External links

Notes and References

  1. Web site: БИЛАНС СТАЊА (2016) - Mašinska Industrija Niš. apr.gov.rs. 12 February 2018. Serbian.
  2. Web site: Ogorčeni: Zašto u Hrvatskoj kada može i u Srbiji?. 9 November 2016 .
  3. News: S.. A.. "Vagonka" i "Lokomotiva" ostale bez radnika. 12 February 2018. juznevesti.com. 7 April 2015. Serbian.