Mašinska industrija Niš (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 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]