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Ferodo
British brake company From Wikipedia, the free encyclopedia
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Ferodo is a British brake company based in Chapel-en-le-Frith in High Peak, Derbyshire.
History
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Ferodo was founded in 1897 by Herbert Frood (1864–1931),[1] with manufacturing starting in Gorton in 1901 and moving to Chapel-en-le-Frith in 1902.[2] Ferodo was the first company to use asbestos for brake linings and developed the first modern brake friction materials.[3]
Ferodo UK became part of Turner & Newall in 1926. It had a factory at Chapel-en-le-Frith and in 1964 opened another at Caernarfon.[4] In 1961, it merged its Australian operations with the brake lining division of James Hardie.[5] In 1980, Turner & Newall sold its 40% shareholding in Ferodo-Hardie to James Hardie.[6]
In 1998 Turner & Newall was acquired by the huge automotive group Federal-Mogul.[7] In 2012, £13 million was invested in new floors, insulation, low energy heating and new process machines.[8]
Visits
On 21 November 1958, Philip, Duke of Edinburgh opened the £750,000 research centre, later visiting Chesterfield College of Technology.[9]
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Asbestos trust
Federal-Mogul got into financial difficulties and filed for Chapter 11 protection as a result of asbestosis claims.[10] In the United Kingdom the business went into administration in October 2001,[11] leaving a pension fund deficit estimated at £400 million.[12]
The T&N Subfund of the Federal-Mogul Asbestos Trust[13] was organized to pay all valid Asbestos Trust claims for which the T&N Entities have legal responsibility. The Trust was created December 27, 2007 as a result of the confirmation of The Federal-Mogul Chapter 11 Joint Plan of Reorganization.[14]
For claimants whose principal exposure to asbestos was in the United Kingdom or one of several other non-US countries, a UK Asbestos Trust[15] was established to provide for the payment of asbestos claims in addition to the US-focused Asbestos Trust described above. This includes posthumous payments to families of Ferodo factory workers.[16]
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Advertising
Ferodo is famous in Britain for advertising by having the Ferodo brand name painted on railway bridges over main roads.[17] From 1968 until 1980, Hardie-Ferodo was the naming rights sponsor of the Bathurst 1000 in Australia. [18]
References
External links
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