Ferodo
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Ferodo is a British brake company based in Chapel-en-le-Frith in High Peak, Derbyshire.
HistoryEdit
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Ferodo was founded in 1897 by Herbert Frood (1864–1931),<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> with manufacturing starting in Gorton in 1901 and moving to Chapel-en-le-Frith in 1902.<ref>Summary of records held in Derbyshire Archives Office</ref> Ferodo was the first company to use asbestos for brake linings and developed the first modern brake friction materials.<ref>History of Asbestos Template:Webarchive, All About Asbestos</ref>
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.<ref>T&N companies, The T&N Asbestos Trust</ref> In 1961, it merged its Australian operations with the brake lining division of James Hardie.<ref>Ferodo-Hardie Merger Railway Transportation November 1961 page 8</ref> In 1980, Turner & Newall sold its 40% shareholding in Ferodo-Hardie to James Hardie.<ref>Deal to buy 40pc of Hardie-Ferodo Canberra Times 29 April 1980 page 18</ref>
In 1998 Turner & Newall was acquired by the huge automotive group Federal-Mogul.<ref>Federal-Mogul Corp. completes T&N; buy Rubber & Plastics News 16 March 1998</ref> In 2012, £13 million was invested in new floors, insulation, low energy heating and new process machines.<ref>Ferodo seeks volunteers for redundancies Buxton Advertiser 11 July 2013</ref>
VisitsEdit
On 21 November 1958, Philip, Duke of Edinburgh opened the £750,000 research centre, later visiting Chesterfield College of Technology.<ref>Derby Evening Telegraph 21 November 1958 page 17</ref>
Asbestos trustEdit
Federal-Mogul got into financial difficulties and filed for Chapter 11 protection as a result of asbestosis claims.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> In the United Kingdom the business went into administration in October 2001,<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> leaving a pension fund deficit estimated at £400 million.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
The T&N Subfund of the Federal-Mogul Asbestos Trust<ref>Federal-Mogul Asbestos Personal Injury Trust</ref> 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.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
For claimants whose principal exposure to asbestos was in the United Kingdom or one of several other non-US countries, a UK Asbestos Trust<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> 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.<ref>Ferodo worker’s family compensated over asbestos death Caernarfon Herald 6 May 2010</ref>
AdvertisingEdit
Ferodo is famous in Britain for advertising by having the Ferodo brand name painted on railway bridges over main roads.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> From 1968 until 1980, Hardie-Ferodo was the naming rights sponsor of the Bathurst 1000 in Australia. <ref>The History of Great Race Naming Rights Sponsors V8 Sleuth 19 August 2020</ref>
ReferencesEdit
External linksEdit
- Template:Official website
- 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
Template:Automotive industry in the United Kingdom Template:Authority control \