Company:Ferodo

From HandWiki
Ferodo
IndustryAutomotive
Founded1897
FounderHerbert Frood
HeadquartersChapel-en-le-Frith, Derbyshire, England
ProductsBrakes
Websitewww.ferodo.co.uk

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

History

A Ferodo bridge at Camden Road railway station
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][14] 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.[15]

For claimants whose principal exposure to asbestos was in the United Kingdom or one of several other non-US countries, a UK Asbestos Trust[16] 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.[17]

Advertising

Ferodo is famous in Britain for advertising by having the Ferodo brand name painted on railway bridges over main roads.[18] From 1968 until 1980, Hardie-Ferodo was the naming rights sponsor of the Bathurst 1000 in Australia. [19]

References

  1. ↑ "Chapel-en-le-Frith Parish Council official guide - also photo of Herbert Frood". http://www.localauthoritypublishing.co.uk/councils/chapel/. 
  2. ↑ Summary of records held in Derbyshire Archives Office
  3. ↑ "History of Asbestos". http://www.allaboutasbestos.co.uk/asbestos_historic.html. 
  4. ↑ "T&N companies". https://tandnasbestos.org.uk/companies/. 
  5. ↑ Ferodo-Hardie Merger Railway Transportation November 1961 page 8
  6. ↑ "Deal to buy 40pc of Hardie-Ferodo". Canberra Times. Autodoc. 1980-04-29. p. 18. Retrieved 2025-09-25.
  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". http://www.federal-mogul.com/en/Investors/FinancialRestructuring/. 
  11. ↑ "Legal Update". http://www.insol.org/emailer/july2007_downloads/Legal_update_SNR.pdf. 
  12. ↑ "Business Analysis: Turner & Newall pensions crisis leaves". December 8, 2004. http://www.independent.co.uk/news/business/analysis-and-features/business-analysis-turner-amp-newall-pensions-crisis-leaves-questions-over-pound400m-bill-680211.html. 
  13. ↑ Federal-Mogul Asbestos Personal Injury Trust
  14. ↑ "Federal-Mogul U.S. Asbestos Personal Injury Trust Agreemeent". https://www.sec.gov/Archives/edgar/data/1419581/000095013708000055/c21982exv4w1.htm. 
  15. ↑ "What Are You Walking On?". http://fmoplan.com/. 
  16. ↑ "What is the T&N Asbestos Trustee Company?". https://tandnasbestos.org.uk/. 
  17. ↑ Ferodo worker’s family compensated over asbestos death Caernarfon Herald 6 May 2010
  18. ↑ Lynch, Lucy (March 19, 2017). "Why does it say FERODO on this Coventry bridge?". http://www.coventrytelegraph.net/lifestyle/nostalgia/says-ferodo-coventry-bridge-12756341. 
  19. ↑ The History of Great Race Naming Rights Sponsors V8 Sleuth 19 August 2020



Retrieved from "https://handwiki.org/wiki/index.php?title=Company:Ferodo&oldid=3911903"