ENSCHEDE, Netherlands (April 6)—Vredestein B.V. is finalizing a deal to set up a joint venture in Malaysia with Fung Keong Rubber Manufactory (M) Sdn. Bhd. for bicycle tires. Fung Keong is a partner with the Dutch firm in an industrial tires operation in Malaysia. The bicycle tire facility, to be located near Fung Keong´s plant in Kelang, Malaysia, will house equipment from Vredestein Fietsbanden factory in Doetinchem, Netherlands, where Vredestein last year decided to cease production, eliminating 125 jobs.