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.
Vredestein plans bicycle tire JV in Malaysia
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