Ferodo Factory
Ferodo Factory in Wales
Ferodo is a British brake company based in the High Peak of Derbyshire.
History[]
It was founded in 1897 by Herbert Frood in Chapel en le Frith, Derbyshire. Ferodo has been a world leading company dedicated to the design and manufacture of friction products, especially braking materials and clutches for automotive and industrial applications. It was the first company to use asbestos for brake linings.[1]
Ferodo UK became part of Turner & Newall in 1925. It had a factory at Chapel-en-le-Frith and in 1964 opened another at Caernarfon.[2]
In 1998 the business was acquired by the huge American automotive group Federal-Mogul.[3] It is now part of Federal-Mogul Aftermarket UK Limited.
Advertising[]
A "Ferodo bridge" at Camden Road railway station in North London.
Ferodo is famous for advertising by having the Ferodo brand name painted on British rail bridges over main roads.
Asbestos trust[]
Federal-Mogul got into financial difficulties and filed for Chapter 11 protection as a result of asbestos claims.[4] In the United Kingdom the business went into administration in October 2001[5] leaving a pension fund deficit estimated at £400 million.[6]
The T&N Subfund of the Federal-Mogul Asbestos Trust[7] 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.[8]
For claimants whose principal exposure to asbestos was in the United Kingdom or one of several other non-US countries, a UK Asbestos Trust[9] 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.[10]
Products[]
- Brake bands
- Brake shoes
- Brake pads
- Clutch plates
References[]
- ↑ History of Asbestos, All About Asbestos
- ↑ T&N companies, The T&N Asbestos Trust
- ↑ Federal-Mogul Corp completes T&N buy
- ↑ Federal-Mogul Financial restructuring
- ↑ Legal Update
- ↑ Business analysis
- ↑ Federal-Mogul Asbestos Personal Injury Trust
- ↑ Federal-Mogul Corporation Reorganization Web site
- ↑ The T&N UK Asbestos Trust
- ↑ Alex Hickey, Ferodo worker’s family compensated over asbestos death, Caernarfon Herald, 6 May 2010
External links[]
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