Eriksbergs Mekaniska Verkstad

Production was based on passenger ships, steam cutters and towboats for Denmark, Norway and Finland, and ferries for Stockholm's public transportation.

In 1915 Eriksberg underwent massive developments to accommodate production of larger ships after a major takeover of the corporation's stocks by Dan Broström.

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.

The rise of wages and salaries, enforced by the trade unions in the beginning of the 1970s, increased the company's cost by around 25% in the span of only a few years.

When the Bretton Woods system was abandoned in 1973 and the US dollar became "floating", it was obvious that the Swedish shipbuilding industry was at the brink of ruin.

They acquired Lindholmens Mekaniska Verkstad and built the Portuguese wharfs Lisnave and later Setenave, that among other things, delivered the bows for the company's supertankers (VLCC, ULCC).

The unfavorable refinancing in foreign currencies created huge losses, as for the other wharfs, by the major problem were the customers, the shipping companies, canceling contracts and amortizations.

In the long run, this meant a coup de grace for Broströmkoncernen and Tirfing, which were listed on the Stockholm stock exchange.

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 regulation, which made it impossible to match the Krona with the credit commitments in US dollar, brought the shipbuilding industry to an end.

During 1978-79 all activities were successfully terminated at Eriksberg, and on 15 June 1979 the shipyards last vessel, a product tanker M/T Atland was delivered to Broströms, that was already on the brink of bankruptcy.