"VULFIX" - What's in a name?

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Anyone know the origin of the name 'Vulfix'? My guess would be that the 'Vul' is an abbreviation for 'vulcanised' (rubber), and that the name approximates to 'fixed in vulcanised rubber' - pretty much like the Ever Ready 'Rubberset'.

Anyone got any other ideas or, better still, the facts?
 
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