Ferodo

Last updated
Ferodo
Industry Automotive
Founded1897
Founder Herbert Frood
Headquarters Chapel-en-le-Frith
Products Brakes
Website www.ferodo.co.uk

Ferodo is a British brake company based in Chapel-en-le-Frith in High Peak, Derbyshire.

Contents

History

A Ferodo bridge at Camden Road railway station Ferodo Bridge Camden Road.JPG
A Ferodo bridge at Camden Road railway station
Ferodo's Caernarfon factory was opened by Princess Margaret in 1964 Agor ffatri Ferodo, ger Caernarfon, gan y dywysoges Margaret (19307842000).jpg
Ferodo's Caernarfon factory was opened by Princess Margaret in 1964

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]

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]

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

  1. "Chapel-en-le-Frith Parish Council official guide - also photo of Herbert Frood". Archived from the original on December 10, 2013.
  2. Summary of records held in Derbyshire Archives Office
  3. History of Asbestos Archived 2012-09-15 at the Wayback Machine , All About Asbestos
  4. T&N companies, The T&N Asbestos Trust
  5. Ferodo-Hardie Merger Railway Transportation November 1961 page 8
  6. Deal to buy 40pc of Hardie-Ferodo Canberra Times 29 April 1980 page 18
  7. Federal-Mogul Corp. completes T&N; buy Rubber & Plastics News 16 March 1998
  8. Ferodo seeks volunteers for redundancies Buxton Advertiser 11 July 2013
  9. Derby Evening Telegraph 21 November 1958 page 17
  10. "Federal-Mogul Financial restructuring".
  11. "Legal Update" (PDF). Archived from the original (PDF) on January 7, 2009.
  12. "Business Analysis: Turner & Newall pensions crisis leaves". The Independent . December 8, 2004.
  13. Federal-Mogul Asbestos Personal Injury Trust
  14. "What Are You Walking On?". fmoplan.com.
  15. "What is the T&N Asbestos Trustee Company?". The T&N Asbestos Trust.
  16. Ferodo worker’s family compensated over asbestos death Caernarfon Herald 6 May 2010
  17. Lynch, Lucy (March 19, 2017). "Why does it say FERODO on this Coventry bridge?". CoventryLive.
  18. The History of Great Race Naming Rights Sponsors V8 Sleuth 19 August 2020

\