Emtunga Offshore AB
On September 1, 2007, Pharmadule Emtunga AB has established its two operating divisions into two separate companies: Pharmadule AB and Emtunga Offshore AB.
In October 2008 Emtunga Offshore AB applies for a company reconstruction.
Emtunga Offshore AB decided on December 17, 2008 to apply for bankruptcy. This is the result of the company’s largest customer – MPF Corp. Ltd – having become insolvent and not being able to fulfill its commitments to Emtunga Offshore, amounting to approximately 100,000,000 SEK. It is also the result of the global financial crisis that has led to a weaker market climate and delayed projects. Emtunga Offshore has 140 employees in Arendal, Gothenburg and Emtunga, Vara.
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