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and two workshop halls; the engine workshop 'Blå Hallen', today hosting a hotel and conference facility, and the former workshop 'Eriksbergshallen' with the text 'Eriksbergs Mek. Verkstads AB Shipbuilders
Engineers & Repairers' still painted on the facade. Along the former equipping quays are now
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The situation, however, was not handled well by the new company management from AB Tirfing, the owners, and they were eventually forced to sell
Eriksberg for a symbolic 1000 krona and sign two very expensive ship building contracts with the new owners, now the soon defunct Götaverken Group. In the
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and conditions, like the
Japanese industry. Eriksberg succeeded however, unlike its competitors Götaverken and Kockums, to retain high solvency and go through the last years of the 1960s relatively unhurt. Both Kockums and Götaverken, being public companies, were insolvent and were saved, through a
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was delivered to Broströms, that was already on the brink of bankruptcy. Just about a year before the shut down
Erikbergs Mekaniska Verkstad had delivered the ULCC:s 'Nai Superba' and 'Nai Genova' at about 460 000 dwt each. The greatest ships ever built in Gothenburg as well as they were among the
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The government's irresponsible economic policies, driven by the Social
Democratic governments, in tandem with the metalworkers union, alongside the devaluations of the Swedish Krona that made imports expensive, unreasonable wage increases eaten up by progressive taxes and an inconsistent currency
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resigned after being with the company for 33 years. He had consciously held back new investments in buildings and equipment but the company was still hit. The unfavorable refinancing in foreign currencies created huge losses, as for the other wharfs, by the major problem were the customers, the
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and strong demand for replacement tonnage for
Swedish and Norwegian shipping companies. This was enhanced by the favourable "wartime windfall taxes" introduced during the war. Most of these extraordinary profits were reinvested within shipping and industrial investments of the
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The obstinate attitude of the trade-unions and the socialist government to not lose a single job of the shipbuilders, proved to be a ticking bomb that in the end led to the death of the shipbuilding industry in Sweden. But this would take another 10 years.
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regulation, which made it impossible to match the Krona with the credit commitments in US dollar, brought the shipbuilding industry to an end. The total cost for the State of shutting down this industry has been estimated to 39 billion Kronor ( 1986).
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period until 1940; a successive expansion triggered by a shipping boom and in particular by
Norwegian and Swedish shipowner's need of new and bigger ships. In this regard, Eriksberg had an advantage through the direct-ownership by the
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In the beginning of the 1970s, it became clear to the company's management that there was only a respite of a few years before the economic resources were exhausted. The rise of wages and salaries, enforced by the
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were owned by shipping companies. During the 1950s and the 1960s, Eriksberg was the most profitable shipyard in the country, and to work at 'Torpet' (the name used by the public) was a 'status job' in
Gothenburg.
258:). With a relatively modest share capital (6.5 million SEK) Eriksberg was able to make net profits of 40-50 million SEK every year during the 1940s. The cause for this was an unprecedented profitability during
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combination of private and state intervention. In the case of Götaverken, the Salén Group of
Stockholm, assumed ownership for a limited time with the option to regaining its investment from the State.
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in the beginning of the 1970s, increased the company's cost by around 25% in the span of only a few years. The
Swedish krona with recurring devaluations raised import prices for the wharf. When the
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was the 1960s, before competition from the Japanese shipbuilding industry became too fierce. When Norwegian shipping companies discontinued refinancing their vessel purchases in the
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was opened in 1871, and two years later they delivered their first ship. In 1876 the company was transformed into a joint-stock company, and so the name was changed to
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was not questioned. Billions were lost because of over optimistic wharf directors. Eriksberg became a sister company of Götaverken, before both became part of
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diesel motors, unlike Götaverken who chose to manufacture their own original designs. This involved a certain lead for the production of large
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and Tirfing, which were listed on the Stockholm stock exchange. This also meant the end of the once fortunate and rich Broström Group
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In 1974 the company's management issued an anticipated warning about the serious state of the company, and the Managing Director
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370:(VLCC, ULCC). In 1973 Eriksberg sold their repair business to Götaverken to become pure new building shipyard.
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capital market (the Interest Equalization Tax), requirements were put on Swedish wharfs to hand out
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became "floating", it was obvious that the Swedish shipbuilding industry was at the brink of ruin.
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Eriksberg underwent similar developments as the other Swedish major shipbuilding companies;
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Eriksberg's financial position was solid, like the other competitors in Sweden. Both
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For Eriksberg, the 1970s started nevertheless in positive territory. They acquired
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In the beginning of the 1950s, Eriksberg obtained the rights to manufacture
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Founded in 1850 by Christian Barchman, the company originally worked with
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were listed and were independent companies, while Eriksberg and
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Today, all that remains of EMV is the 84m high, bright orange
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shipping companies, canceling contracts and amortizations.
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last. The Nai-ships were demolished in year 2000-2001.
254:family (later through their listed mother company
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1346:Manufacturing companies disestablished in 1979
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314:Eriksbergs shipyard during busy times in 1973
1341:Manufacturing companies established in 1850
1326:Manufacturing companies based in Gothenburg
133:Eriksbergshallen, one of the workshop halls
53:. Unsourced material may be challenged and
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418:Eriksberg is taken over and is closed down
382:long run, this meant a coup de grace for
117:Learn how and when to remove this message
1321:Defunct shipbuilding companies of Sweden
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225:Eriksberg's developments up to the 1960s
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154:Ericsbergs metall och tackjerns-gjuteri
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1280:Swedish Exhibition and Congress Centre
443:blocks of fancy condos and boutiques.
156:. It delivered its last ship in 1979.
1371:Swedish companies established in 1850
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51:adding citations to reliable sources
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13:
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179:Eriksbergs Mekaniska Werkstads AB
138:Eriksbergs Mekaniska Verkstads AB
1351:1979 disestablishments in Sweden
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358:and built the Portuguese wharfs
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1106:Sahlgrenska University Hospital
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66:"Eriksbergs Mekaniska Verkstad"
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356:Lindholmens Mekaniska Verkstad
347:was abandoned in 1973 and the
256:Ångfartygsaktiebolaget Tirfing
1:
628:Eriksbergs Mekaniska Verkstad
1361:Industrial history of Sweden
633:Fortifications of Gothenburg
148:. It was founded in 1850 by
16:Swedish shipbuilding company
7:
1255:Gothenburg Culture Festival
233:Mekaniska Verkstads AB, AB
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1366:19th century in Gothenburg
1356:Economic history of Sweden
690:Swedish East India Company
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1270:Gothenburg Film Festival
262:, repairing war-damaged
1232:Museum of World Culture
776:Gothenburg tram network
576:Kammarrätten i Göteborg
516:Gothenburg Municipality
491:Metropolitan Gothenburg
603:Timeline of Gothenburg
561:Västra Götaland County
536:Boroughs and districts
531:Gothenburg archipelago
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276:Burmeister & Wains
134:
1331:History of Gothenburg
1275:Hammarkullekarnevalen
841:Nils Ericson Terminal
643:Gothenburg Exhibition
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211:public transportation
173:. The first shipyard
132:
1260:Gothenburg Book Fair
1096:Oscar Fredrik Church
1061:Gothenburg Synagogue
1056:Gothenburg Cathedral
741:Grand Central (2027)
345:Bretton Woods system
318:The last profitable
306:The financial crisis
260:the second world war
47:improve this article
1162:Göteborgs Konsthall
988:Bältesspännarparken
680:Sjukhusspionaffären
1202:The Göteborg Opera
1134:and entertainment)
1018:Wieselgrensplatsen
928:Gustaf Adolfs torg
791:Landvetter airport
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150:Christian Barchman
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1121:Torstenson Palace
978:Kungsportsplatsen
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851:Marieholmstunneln
751:Kungsportsplatsen
700:Torslanda Airport
668:Älvsborg Fortress
653:Lindholmen Castle
384:Broströmkoncernen
241:- partly through
144:company based in
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1013:Vinga Lighthouse
993:Botanical Garden
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846:Styr & Ställ
806:Public transport
771:Tingstadstunneln
638:Gothenburg Riots
623:Discothèque fire
613:William Chalmers
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953:Drottningtorget
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826:Lisebergslinjen
761:Chalmerstunneln
736:Central Station
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68: –
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62:Find sources:
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42:
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37:
32:This article
30:
26:
21:
20:
1297:
1265:Partille Cup
1212:City Theatre
1187:Scandinavium
1177:Gamla Ullevi
1101:Nasir Mosque
1091:Lilla Bommen
1081:Hotel Eggers
1003:Slottsskogen
983:Brunnsparken
836:Stombussarna
821:Gårdatunneln
796:Säve airport
746:Göta älvbron
726:Angeredsbron
672:
663:Old Älvsborg
658:New Älvsborg
627:
618:Comediehuset
546:Lilla Bommen
437:
431:
428:Svenska Varv
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392:
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368:supertankers
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341:trade unions
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219:Dan Broström
178:
168:
165:Introduction
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142:shipbuilding
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61:
45:Please help
33:
1217:City Museum
1147:Bergakungen
1130:Facilities
1076:Haga Church
973:Kungsparken
958:Götaplatsen
938:Kungstorget
831:Hisingsbron
756:Götatunneln
731:Fattighusån
648:Kungsporten
608:Bragebacken
566:West Sweden
407:Trollhättan
405:, built in
243:World War I
215:corporation
1315:Categories
1250:Gothia Cup
1241:Sports and
1227:Universeum
1051:Gasklockan
1008:Feskekôrka
948:Linnégatan
943:Kungsgatan
933:Järntorget
870:Locations
861:Älvsnabben
781:Västtrafik
496:Gothenburg
477:Gothenburg
413:in 1968-9.
362:and later
299:Lindholmen
295:Götaverken
284:deadweight
235:Götaverken
146:Gothenburg
77:newspapers
1222:Röda sten
1192:Frihamnen
1157:Palladium
1086:Kronhuset
1038:Buildings
998:Ramberget
968:Korsvägen
908:Eriksberg
903:Backaplan
811:West Link
786:Västtågen
715:Transport
695:Säröbanan
674:Götheborg
484:Geography
349:US dollar
332:interests
207:Stockholm
107:June 2015
34:does not
1336:Hisingen
1197:Liseberg
923:Nordstan
705:Vauxhall
571:Götaland
551:Bohuslän
506:Partille
501:Hisingen
364:Setenave
252:Broström
247:post-war
245:and the
187:towboats
1028:Delsjön
879:streets
874:squares
595:History
511:Mölndal
411:Cologne
360:Lisnave
328:credits
291:Kockums
280:tankers
264:tonnage
237:and AB
231:Kockums
203:ferries
199:Finland
191:Denmark
183:cutters
160:History
91:scholar
55:removed
40:sources
1182:Ullevi
1152:Draken
898:Avenyn
526:Canals
432:Atland
320:decade
201:, and
195:Norway
93:
86:
79:
72:
64:
918:Heden
893:Allum
883:parks
175:wharf
98:JSTOR
84:books
881:and
541:Port
409:and
401:The
293:and
205:for
197:and
189:for
185:and
70:news
38:any
36:cite
717:and
209:'s
49:by
1317::
221:.
193:,
885:)
876:,
872:(
469:e
462:t
455:v
120:)
114:(
109:)
105:(
95:·
88:·
81:·
74:·
57:.
43:.
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