Benetton Group
Prominent tobacco manufacturer "Niš Tobacco Factory" was sold to Philip Morris in August 2003 for 518 million euros, while Nitex was sold to Benetton Group. In recent years, Integrated Micro-Electronics, Inc., Yura Corporation, Zumtobel Group, Johnson Electric and Shinwon opened their plants in Niš. Currently, Chinese manufacturer, Xingyu automotive systems, is building its factory.