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Chinese company Orinko agreed to acquire 70% of shares in Italian polypropylene processor Omikron for EUR 20 million, with closing expected by the first half of 2026, marking Orinko's first plant in Europe.
Chinese plastics firm Orinko Advanced Plastics signed an agreement to acquire 70% of Italy-based Omikron, a polypropylene compounds producer with 40,000 tonnes/year capacity. The deal marks Orinko's entry into the European automotive plastics market.