70% of Omikron in Robassomero goes to China's Orinko
The deal (20 mln) in the polypropylene processing sector - The Piedmontese company becomes the Asian group's first plant in Europe
The Turin-based Omikron, a player in the automotive sector specialising in polypropylene processing, has sold 70% of its shares to the Chinese company Orinko, which also operates in polymeric compounds for the automotive industry. The transaction, with closing by the first half of 2026, provides for full management continuity, with Alberto Borio and Giancarlo Rizzi at the operational helm of Omikron over the next few years, "ensuring stability and preserving established relationships with customers and partners".
The deal, worth EUR 20 million, also guarantees employment continuity and consolidates the Robassomero plant's role as a strategic hub for the European market. "Orinko's investment and technological expertise will allow us to accelerate the development and innovation plans already underway, with a particular focus on the evolution towards high-performance materials and sustainability".
In a phase of strong exposure of the European car market to Chinese manufacturers, there is also growing interest from the Asian industry, albeit to a lesser extent, in European players in the automotive supply chain and allied industries. "The combination of Omikron's technical and manufacturing expertise and Orinko's technological and commercial capabilities promises to generate a disruptive impact on the market. The combination of know-how, innovation and global presence will make it possible to offer increasingly advanced and competitive solutions in multiple industrial sectors, with a particular focus on the automotive sector, at a time of profound transformation of the sector towards sustainable mobility and electrification," a note explaining the deal describes.
Orinko, founded in 2008 and headquartered in Hefai, Anhui Province (China), boasts a consolidated global presence with seven production plants in Asia (China and Thailand), more than 2,000 employees and a 2024 turnover of 6.09 billion yuan (approx. 740 million euros), up +13.81% over the previous year, and counts major international car makers among its customers.
The company operates through two main product systems - polymeric materials and multifunctional films - and is active in the automotive, white goods, new energy, consumer electronics and electrical/electronic sectors, with applications also in the railway, construction, healthcare and energy storage sectors. The company, listed on the Shanghai Stock Exchange, thus enters the European market via Turin and looks with interest at European automotive manufacturers.
