Ferodo

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

Ferodo is a British brake company based in Chapel-en-le-Frith in High Peak, Derbyshire. ==History== ]] factory was opened by Princess Margaret in 1964]] Ferodo was founded in 1897¹ by Herbert Frood (1864–1931), with manufacturing starting in Gorton in 1901 and moving to Chapel-en-le-Frith in 1902. Ferodo was the first company to use asbestos for brake linings and developed the first modern brake friction materials. 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. In 1961, it merged its Australian operations with the brake lining division of James Hardie. In 1980, Turner & Newall sold its 40% shareholding in Ferodo-Hardie to James Hardie. In 1998 Turner & Newall was acquired by the huge automotive group Federal-Mogul. In 2012, £13 million was invested in new floors, insulation, low energy heating and new process machines. ===Visits=== On 21 November 1958, Prince Philip, Duke of Edinburgh opened the £750,000 research centre, later visiting Chesterfield College of Technology. ==Asbestos trust== Federal-Mogul got into financial difficulties and filed for Chapter 11 protection as a result of asbestosis claims. In the United Kingdom the business went into administration in October 2001, leaving a pension fund deficit estimated at £400 million. The T&N Subfund of the Federal-Mogul Asbestos Trust 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. For claimants whose principal exposure to asbestos was in the United Kingdom or one of several other non-US countries, a UK Asbestos Trust 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. ==Advertising== Ferodo is famous in Britain for advertising by having the Ferodo brand name painted on railway bridges over main roads. From 1968 until 1980, Hardie-Ferodo was the naming rights sponsor of the Bathurst 1000 in Australia. ==References== ==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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