Spain: Chairman José Antonio Jainaga of the manufacturer made the announcement at this year’s first shareholders’ meeting.
The plan is to upgrade two Talgo’s sites in Spain: the Rivabellosa plant, which builds coaches and wheelsets, and the Las Matas facility, where the powered end cars are produced and final assembly takes place. The company will also work to streamline its production processes. For now, the investment project is still in the final stages of approval.
Jainaga said the expansion is driven by a renewed record order book of €6.3 bln, which includes the recent contract for push-pull high-speed trains for Sweden. A large share of that book is made up of service contracts running until 2054. The extra capacity should also let Talgo deliver trains considerably faster.
A three-year delay in delivering Avril-platform high-speed trains to national operator Renfe brought a €116 mln penalty on the company. Jainaga announced the imminent delivery of the last three trainsets under the contract, which he said would clear any remaining financial uncertainty.
The chairman also announced a separate rail R&D division. Named TeknoRail, it will be based in the Basque Country.
Talgo ended last year with revenue of €618 mln, down 7.6% on 2024, an order book of €4.5 bln, up 7%, and losses of €100 mln, narrowed by 6.7%. The company says its new shareholders have strengthened its position and finances, and it expects the order book to keep growing.
