AGP Executive Report
Last update: 9 minutes agoConstruction Finance: Brussels’ housing agency is still awaiting a €131 million capital injection, with about €92 million earmarked for contractors—raising concerns over delayed payments on public housing projects. Port Operations: Boluda Towage opened its new Antwerp headquarters, including a tug simulator for crew training. Jobs and Restructuring: Covestro’s planned Antwerp polycarbonate consolidation could put up to 260 jobs at risk, while GSK is planning more than 1,200 cuts at Belgian sites as part of a $2.5 billion restructuring. Belgian Business Abroad: Russia has taken control of Ontex’s local operations, adding pressure on the Belgian diaper maker. Investment: India’s Mankind Pharma agreed to buy 70% of Belgian biotech Armed Cell Therapeutics for €48 million. Energy: CMB.Tech plans to begin building a green-ammonia terminal next year; meanwhile, EU purchases of Russian LNG rose 9.5% in the first nine months of 2026, with Belgium among the destination countries.
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