Company:Ferodo
Ferodo is a British brake company based in Chapel-en-le-Frith in High Peak, Derbyshire.
History
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It 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 1998 Turner & Newall was acquired by the huge automotive group Federal-Mogul.[5] It is now part of Federal-Mogul Aftermarket UK Limited. In 2012 £13m was invested in new floors, insulation, low energy heating and new process machines.[6]
Asbestos trust
Federal-Mogul got into financial difficulties and filed for Chapter 11 protection as a result of asbestosis claims.[7] In the United Kingdom the business went into administration in October 2001,[8] leaving a pension fund deficit estimated at £400 million.[9]
The T&N Subfund of the Federal-Mogul Asbestos Trust[10] 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.[11]
For claimants whose principal exposure to asbestos was in the United Kingdom or one of several other non-US countries, a UK Asbestos Trust[12] 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.[13]
Advertising
Ferodo is famous in Britain for advertising by having the Ferodo brand name painted on railway bridges over main roads.[14]
References
- ↑ "Chapel-en-le-Frith Parish Council official guide - also photo of Herbert Frood". http://www.localauthoritypublishing.co.uk/councils/chapel/.
- ↑ Summary of records held in Derbyshire Archives Office
- ↑ History of Asbestos , All About Asbestos
- ↑ T&N companies, The T&N Asbestos Trust
- ↑ "Federal-Mogul Corp. completes T&N; buy. - Rubber & Plastics News II | HighBeam Research". May 17, 2011. http://www.highbeam.com/doc/1G1-59666947.html.
- ↑ "Buxton Advertiser 11 July 2013 with photo of the refurbished factory". http://www.buxtonadvertiser.co.uk/news/local/ferodo-seeks-volunteers-for-redundancies-1-5839032.
- ↑ "Federal-Mogul Financial restructuring". http://www.federal-mogul.com/en/Investors/FinancialRestructuring/.
- ↑ "Legal Update". http://www.insol.org/emailer/july2007_downloads/Legal_update_SNR.pdf.
- ↑ "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.
- ↑ Federal-Mogul Asbestos Personal Injury Trust
- ↑ "What Are You Walking On?". http://fmoplan.com/.
- ↑ "What is the T&N Asbestos Trustee Company?". https://tandnasbestos.org.uk/.
- ↑ Alex Hickey, Ferodo worker’s family compensated over asbestos death, Caernarfon Herald, 6 May 2010
- ↑ 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.
External links
- Peakland Heritage - a brief history of Henry Frood and Ferodo
- Geograph photo of Chapel factory entrance
- Geograph photo of former Caernarfon factory closed in 2004
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