{"id":1639,"date":"2020-04-22T10:28:27","date_gmt":"2020-04-22T09:28:27","guid":{"rendered":"http:\/\/localhost\/talgo\/?page_id=1639"},"modified":"2023-06-28T18:32:58","modified_gmt":"2023-06-28T17:32:58","slug":"talgos-business","status":"publish","type":"page","link":"https:\/\/talgo2022.quumproyectos.com\/en\/talgos-business\/","title":{"rendered":"Talgo\u2019s business"},"content":{"rendered":"<section class=\"l-section wpb_row height_auto width_full\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row type_boxes valign_top reversed\"><div class=\"vc_col-sm-6 vc_hidden-sm vc_hidden-xs wpb_column vc_column_container has-fill hero\"><div class=\"vc_column-inner us_custom_6535f4f8\"><div class=\"wpb_wrapper\"><\/div><\/div><\/div><div class=\"vc_col-sm-6 wpb_column vc_column_container\"><div class=\"vc_column-inner us_custom_90afce55\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column us_custom_45fafaad has_text_color\" ><div class=\"wpb_wrapper\"><h4>Chapter 2<\/h4>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_small has_text_color\"><\/div><div class=\"wpb_text_column us_custom_aeb12263\" ><div class=\"wpb_wrapper\"><h1>Talgo\u2019s<br \/>\nbusiness<\/h1>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_small has_text_color\"><\/div><div class=\"w-menu us_custom_6e0151f1 layout_ver style_links us_menu_1\"><ul id=\"menu-chapter-2\" class=\"menu\"><li id=\"menu-item-2655\" class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-2655\"><a href=\"#perfil_identidad_y_compromisos\">1. Profile, identity and commitments<\/a><\/li><li id=\"menu-item-2656\" class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-2656\"><a href=\"#estrategia_y_modelo_de_negocio\">2. Business model<\/a><\/li><li id=\"menu-item-2657\" class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-2657\"><a href=\"#actividad_industrial_y_servicios\">3. Industrial activity and services<\/a><\/li><li id=\"menu-item-2658\" class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-2658\"><a href=\"#el_futuro_de_talgo\">4 Talgo&#8217;s future<\/a><\/li><\/ul><style>.us_menu_1 .menu>li{margin-bottom:1.5rem}.us_menu_1 .menu>li>a{color:#333333}.us_menu_1 .menu>.menu-item:not(.current-menu-item)>a:hover{color:var(--color-header-middle-text-hover)}.us_menu_1 .menu>.current-menu-item>a{color:var(--color-header-middle-text-hover)}@media ( max-width:600px ){.us_menu_1 .menu{display:block!important}.us_menu_1 .menu>li{margin:0 0 1.5rem}}<\/style><\/div><div class=\"w-separator us_custom_45fafaad size_large has_text_color\"><\/div><div class=\"w-separator us_custom_45fafaad size_medium has_text_color with_line width_default thick_1 style_solid color_secondary align_center\"><div class=\"w-separator-h\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_6972d9f4 height_custom with_overlay\" id=\"perfil_identidad_y_compromisos\"><div class=\"l-section-overlay\" style=\"background: #e5e5e5\"><\/div><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row type_default valign_top\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><h2 class=\"w-iconbox-title\"><span style=\"color: #ab1320;\">1.<\/span> Profile, identity and commitments<\/h2>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_medium has_text_color\"><\/div><div class=\"g-cols wpb_row  type_default valign_top vc_inner\"><div class=\"vc_col-sm-4 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><p>While celebrating the 80th anniversary of its founding in 1942, Talgo pursued three lines of business in 2022:<\/p>\n<\/div><\/div><div class=\"wpb_text_column red_square\" ><div class=\"wpb_wrapper\"><div class=\"row\"><span class=\"number\">1<\/span><span class=\"text\">The design and manufacture of high-speed and very high-speed, long-distance and regional trains.<\/span><\/div>\n<div class=\"row\"><span class=\"number\">2<\/span><span class=\"text\">Manufacture of<br \/>\nmaintenance<br \/>\nequipment.<\/span><\/div>\n<div class=\"row\"><span class=\"number\">3<\/span><span class=\"text\">Provision of maintenance services to railway operators worldwide.<\/span><\/div>\n<\/div><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-4 wpb_column vc_column_container\" id=\"actividades\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">[vc_custom_heading text=&#8221;Activity&#8221; use_theme_fonts=&#8221;yes&#8221;]<div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><div class=\"fila\">\n<div class=\"epigrafe\">Manufacturing<\/div>\n<div class=\"contenido\">\n<ul>\n<li>Trains, locomotives and coaches, bogies and wheelsets.<\/li>\n<li>Refurbishment of own and third party vehicles.<\/li>\n<li>Maintenance equipment: pit lathes, equipment for measuring wheel parameters, gauges and trolleys.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div><\/div><div class=\"w-separator size_small with_line width_default thick_1 style_solid color_border align_center\"><div class=\"w-separator-h\"><\/div><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><div class=\"fila\">\n<div class=\"epigrafe\">Maintenance<\/div>\n<div class=\"contenido\">\n<ul>\n<li>Integral and personalized maintenance activities, including, among others, the care, overhaul, repair and complete overhaul of own and third-party trains.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-4 wpb_column vc_column_container\" id=\"red_mision\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><div class=\"row\">\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-2278\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/mision.png\" alt=\"\" width=\"86\" height=\"85\" \/><\/p>\n<div class=\"content\">\n<h2>Mission<\/h2>\n<p>To be the leading company in the Spanish railway sector, with an international industrial presence, recognized worldwide for its capacity for innovation, technology, quality, reliability and the added value of its products and services.<\/p>\n<\/div>\n<\/div>\n<\/div><\/div><div class=\"w-separator size_small with_line width_default thick_1 style_solid color_border align_center\"><div class=\"w-separator-h\"><\/div><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><div class=\"row\">\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-2280\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/vision.png\" alt=\"\" width=\"86\" height=\"89\" \/><\/p>\n<div class=\"content\">\n<h2>Vision<\/h2>\n<p>To be a supplier of products and services capable of implementing comprehensive and innovative solutions in new segments and markets.<\/p>\n<\/div>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:20px\"><\/div>[vc_custom_heading text=&#8221;Values&#8221; use_theme_fonts=&#8221;yes&#8221; el_class=&#8221;encabezado&#8221;]<div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:20px\"><\/div><div class=\"g-cols wpb_row  type_default valign_top vc_inner\"><div class=\"vc_col-sm-6 vc_col-md-6 vc_col-xs-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-image us_custom_8d5aa4e2 align_none\"><div class=\"w-image-h\"><img width=\"65\" height=\"63\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/1innovacion.png\" class=\"attachment-large size-large\" alt=\"\" decoding=\"async\" loading=\"lazy\" \/><\/div><\/div><div class=\"w-iconbox iconpos_left style_default color_primary align_left no-border red-title icontype_img\"><div class=\"w-iconbox-icon\" style=\"font-size:65px;\"><img class=\"g-placeholder\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/plugins\/us-core\/assets\/images\/placeholder.svg\" width=\"\" height=\"\" alt=\"\"><\/div><div class=\"w-iconbox-meta\"><h4 class=\"w-iconbox-title\" style=\"font-size:1.2rem;\">Technological innovation:<\/h4><div class=\"w-iconbox-text\"><p>We foster an open work environment that promotes personal initiative and creativity Technological development and the contribution of originality and added value to our products and services are the essential features of our corporate personality.<\/p>\n<\/div><\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:30px\"><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-6 vc_col-md-6 vc_col-xs-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-image us_custom_8d5aa4e2 align_none\"><div class=\"w-image-h\"><img width=\"54\" height=\"66\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/2identificacion.png\" class=\"attachment-large size-large\" alt=\"\" decoding=\"async\" loading=\"lazy\" \/><\/div><\/div><div class=\"w-iconbox iconpos_left style_default color_primary align_left no-border red-title icontype_img\"><div class=\"w-iconbox-icon\" style=\"font-size:65px;\"><img width=\"115\" height=\"90\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2021\/05\/21c.png\" class=\"attachment-full size-full\" alt=\"\" decoding=\"async\" loading=\"lazy\" \/><\/div><div class=\"w-iconbox-meta\"><h4 class=\"w-iconbox-title\" style=\"font-size:1.2rem;\">Identification and commitment:<\/h4><div class=\"w-iconbox-text\"><p>We are proud to belong to Talgo as a company of worldwide prestige.\u00a0 We share its contributions and achievements to which we all contribute with our dedication and personal commitment.<\/p>\n<\/div><\/div><\/div><div class=\"w-separator size_custom\" style=\"height:30px\"><\/div><\/div><\/div><\/div><\/div><div class=\"g-cols wpb_row  type_default valign_top vc_inner\"><div class=\"vc_col-sm-6 vc_col-md-6 vc_col-xs-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-image us_custom_8d5aa4e2 align_none\"><div class=\"w-image-h\"><img width=\"60\" height=\"60\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/3integridad.png\" class=\"attachment-large size-large\" alt=\"\" decoding=\"async\" loading=\"lazy\" \/><\/div><\/div><div class=\"w-iconbox iconpos_left style_default color_primary align_left no-border red-title icontype_img\"><div class=\"w-iconbox-icon\" style=\"font-size:65px;\"><img width=\"115\" height=\"90\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2021\/05\/21e.png\" class=\"attachment-full size-full\" alt=\"\" decoding=\"async\" loading=\"lazy\" \/><\/div><div class=\"w-iconbox-meta\"><h4 class=\"w-iconbox-title\" style=\"font-size:1.2rem;\">Integrity:<\/h4><div class=\"w-iconbox-text\"><p>We combine our economic, social and environmental objectives, reconciling the goals pursued by the company with those of society and the family. We ful\ufb01l our commitments to society by conducting our business activities within a framework of the utmost honesty Our employees act with integrity and loyalty that promotes mutual trust and personal esteem.<\/p>\n<\/div><\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:30px\"><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-6 vc_col-md-6 vc_col-xs-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-image us_custom_8d5aa4e2 align_none\"><div class=\"w-image-h\"><img width=\"77\" height=\"46\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/4servicio.png\" class=\"attachment-large size-large\" alt=\"\" decoding=\"async\" loading=\"lazy\" \/><\/div><\/div><div class=\"w-iconbox iconpos_left style_default color_primary align_left no-border red-title icontype_img\"><div class=\"w-iconbox-icon\" style=\"font-size:65px;\"><img width=\"115\" height=\"90\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2021\/05\/21b.png\" class=\"attachment-full size-full\" alt=\"\" decoding=\"async\" loading=\"lazy\" \/><\/div><div class=\"w-iconbox-meta\"><h4 class=\"w-iconbox-title\" style=\"font-size:1.2rem;\">Customer service:<\/h4><div class=\"w-iconbox-text\"><p>We strive to provide our customers with innovative, high-quality products and services that meet their needs and expectations. We establish long-lasting cooperative relationships with our customers to support their business success. We take on the customer\u2019s objectives as our own, meeting their needs immediately and efficiently.<\/p>\n<\/div><\/div><\/div><div class=\"w-separator size_custom\" style=\"height:30px\"><\/div><\/div><\/div><\/div><\/div><div class=\"g-cols wpb_row  type_default valign_top vc_inner\"><div class=\"vc_col-sm-6 vc_col-md-6 vc_col-xs-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-image us_custom_8d5aa4e2 align_none\"><div class=\"w-image-h\"><img width=\"64\" height=\"64\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/5desarrollo.png\" class=\"attachment-large size-large\" alt=\"\" decoding=\"async\" loading=\"lazy\" \/><\/div><\/div><div class=\"w-iconbox iconpos_left style_default color_primary align_left no-border red-title icontype_img\"><div class=\"w-iconbox-icon\" style=\"font-size:65px;\"><img width=\"115\" height=\"90\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2021\/05\/21d.png\" class=\"attachment-full size-full\" alt=\"\" decoding=\"async\" loading=\"lazy\" \/><\/div><div class=\"w-iconbox-meta\"><h4 class=\"w-iconbox-title\" style=\"font-size:1.2rem;\">Professional Development:<\/h4><div class=\"w-iconbox-text\"><p>We are constantly concerned about the development and improvement of our professionals, a job well done and ongoing improvement.<\/p>\n<\/div><\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:30px\"><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-6 vc_col-md-6 vc_col-xs-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-image us_custom_8d5aa4e2 align_none\"><div class=\"w-image-h\"><img width=\"66\" height=\"66\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/6seguridad.png\" class=\"attachment-large size-large\" alt=\"\" decoding=\"async\" loading=\"lazy\" \/><\/div><\/div><div class=\"w-iconbox iconpos_left style_default color_primary align_left no-border red-title icontype_img\"><div class=\"w-iconbox-icon\" style=\"font-size:65px;\"><img width=\"115\" height=\"90\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2021\/05\/21f.png\" class=\"attachment-full size-full\" alt=\"\" decoding=\"async\" loading=\"lazy\" \/><\/div><div class=\"w-iconbox-meta\"><h4 class=\"w-iconbox-title\" style=\"font-size:1.2rem;\">Staff health and safety:<\/h4><div class=\"w-iconbox-text\"><p>We look after the well-being and health of our workers by integrating safety, prevention and occupational health aspects into the overall management of the company. Our commitment is focused on ensuring that all workers carry out their activities under safe conditions and in healthy work environments.<\/p>\n<\/div><\/div><\/div><div class=\"w-separator size_custom\" style=\"height:30px\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_6972d9f4 height_custom with_img\" id=\"modelo\"><div class=\"l-section-img\" style=\"background-image: url(https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2022\/06\/22.jpg);\" data-img-width=\"1148\" data-img-height=\"552\"><\/div><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row type_default valign_top\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-separator us_custom_45fafaad size_huge has_text_color\"><\/div><div class=\"w-separator us_custom_45fafaad size_huge has_text_color\"><\/div><div class=\"w-separator us_custom_45fafaad size_huge has_text_color\"><\/div><div class=\"w-separator us_custom_45fafaad size_huge has_text_color\"><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_6972d9f4 height_custom with_shape\" id=\"estrategia_y_modelo_de_negocio\"><div class=\"l-section-shape type_curve pos_bottom\" style=\"color:#ab1320;\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 64 8\" preserveAspectRatio=\"none\" width=\"100%\" height=\"100%\">\r\n\t<path fill=\"currentColor\" d=\"M64 8 L64 0 Q32 15.8 0 0 L0 8 Z\"\/>\r\n<\/svg><\/div><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row type_default valign_top\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><h2 class=\"w-iconbox-title\"><span style=\"color: #ab1320;\">2.<\/span> Business model<\/h2>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_medium has_text_color\"><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><p>Talgo\u2019s activity is focused on the design and manufacture of top quality trains, as well as the supply and provision of equipment and maintenance services for railway <strong>operators all over the world.<\/strong><\/p>\n<p>The Group&#8217;s business model aims to deliver long-term value to its stakeholders. It is underpinned by a solid financial model focused on steadily increasing turnover and maintaining attractive returns for shareholders; and by a sustainable model that maximises efficiency and social commitment while reducing the environmental impact of its activities.<\/p>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:30px\"><\/div><div class=\"g-cols wpb_row  type_default valign_top vc_inner fila_modelo\"><div class=\"vc_col-sm-6 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-iconbox us_custom_72d5d8ae iconpos_right style_default color_primary align_left no_text icontype_img\"><div class=\"w-iconbox-meta\"><h4 class=\"w-iconbox-title\">Industrial flexibility<\/h4><\/div><div class=\"w-iconbox-icon\" style=\"font-size:28px;\"><img width=\"73\" height=\"70\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/modelo1.png\" class=\"attachment-full size-full\" alt=\"\" decoding=\"async\" loading=\"lazy\" \/><\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:10px\"><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><p>Low capital-intensive model (low investment in fixed assets, high flexibility and outsourcing) and focuses its resources on design, engineering, selective manufacturing of high value-added components, assembly, delivery process and after-sales service.<\/p>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:30px\"><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-6 wpb_column vc_column_container\"><div class=\"vc_column-inner us_custom_539f15ee\"><div class=\"wpb_wrapper\"><div class=\"w-iconbox us_custom_72d5d8ae iconpos_right style_default color_primary align_left no_text icontype_img\"><div class=\"w-iconbox-meta\"><h4 class=\"w-iconbox-title\">Efficient light structure: outsourcing<\/h4><\/div><div class=\"w-iconbox-icon\" style=\"font-size:28px;\"><img width=\"60\" height=\"70\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/modelo2.png\" class=\"attachment-full size-full\" alt=\"\" decoding=\"async\" loading=\"lazy\" \/><\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:10px\"><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><p>Talgo outsources most of the supply chain, manufacturing only the essential components related to Talgo specifications and particularities (welding of critical steel and aluminum structure and rolling elements).<\/p>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:30px\"><\/div><\/div><\/div><\/div><\/div><div class=\"g-cols wpb_row  type_default valign_top vc_inner fila_modelo\"><div class=\"vc_col-sm-6 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-iconbox us_custom_72d5d8ae iconpos_right style_default color_primary align_left no_text icontype_img\"><div class=\"w-iconbox-meta\"><h4 class=\"w-iconbox-title\">Ongoing learning<\/h4><\/div><div class=\"w-iconbox-icon\" style=\"font-size:28px;\"><img width=\"62\" height=\"70\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/modelo3.png\" class=\"attachment-full size-full\" alt=\"\" decoding=\"async\" loading=\"lazy\" \/><\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:10px\"><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><p>The company\u2019s engineers receive all the necessary feedback to improve the technology and design of the components, so that they can incorporate these advances continuously into all trains, both in the maintenance and manufacturing phases.<\/p>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:30px\"><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-6 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-iconbox us_custom_72d5d8ae iconpos_right style_default color_primary align_left no_text icontype_img\"><div class=\"w-iconbox-meta\"><h4 class=\"w-iconbox-title\">Commercial selectivity<\/h4><\/div><div class=\"w-iconbox-icon\" style=\"font-size:28px;\"><img width=\"57\" height=\"70\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/modelo4.png\" class=\"attachment-full size-full\" alt=\"\" decoding=\"async\" loading=\"lazy\" \/><\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:10px\"><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><p>Selection of potential commercial opportunities, through an exhaustive analysis based on three pillars: attractive margin, contractual scope that provides the necessary guarantees and security and a reasonable cash profile in line with the project\u2019s risk profile.<\/p>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:30px\"><\/div><\/div><\/div><\/div><\/div><div class=\"g-cols wpb_row  type_default valign_top vc_inner fila_modelo\"><div class=\"vc_col-sm-6 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-iconbox us_custom_72d5d8ae iconpos_right style_default color_primary align_left no_text icontype_img\"><div class=\"w-iconbox-meta\"><h4 class=\"w-iconbox-title\">Commitment to motivated and engaged staff<\/h4><\/div><div class=\"w-iconbox-icon\" style=\"font-size:28px;\"><img width=\"54\" height=\"64\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/modelo5.png\" class=\"attachment-full size-full\" alt=\"\" decoding=\"async\" loading=\"lazy\" \/><\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:10px\"><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><p>Nurturing talent and promoting training as a means to improve productivity, to add value to both the employee and the company, to generate a competitive advantage in the market and to create a motivated, responsible staff committed to Talgo&#8217;s values.<\/p>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:30px\"><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-6 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-iconbox us_custom_72d5d8ae iconpos_right style_default color_primary align_left no_text icontype_img\"><div class=\"w-iconbox-meta\"><h4 class=\"w-iconbox-title\">Committed to sustainability<\/h4><\/div><div class=\"w-iconbox-icon\" style=\"font-size:28px;\"><img width=\"75\" height=\"70\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/modelo6.png\" class=\"attachment-full size-full\" alt=\"\" decoding=\"async\" loading=\"lazy\" \/><\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:10px\"><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><p>Decarbonisation, business ethics, safety, reliability and quality define our industrial activity and our management systems. We are committed to sustainability and social responsibility as travelling companions and value drivers of our activity. We conceive and apply them in an increasingly consolidated way.<\/p>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:30px\"><\/div><\/div><\/div><\/div><\/div><div class=\"w-separator us_custom_45fafaad size_medium has_text_color\"><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_fc40371c height_custom color_primary red_section with_overlay\" id=\"productos\"><div class=\"l-section-overlay\" style=\"background: #ab1320\"><\/div><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row type_default valign_top\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><h2 class=\"w-iconbox-title\">Proprietary products and technologies<\/h2>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_medium has_text_color\"><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><p>Talgo has a broad portfolio of products that are adaptable to customer needs and linked to medium and long distance segments with high and very high speed trains, state-of-the-art passenger coaches and regional and commuter trains to continue boosting its growth in the sector.<\/p>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_medium has_text_color\"><\/div><div class=\"g-cols wpb_row  type_default valign_top vc_inner\"><div class=\"vc_col-sm-8 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-iconbox us_custom_e24aa667 iconpos_left style_default color_custom align_left no_text has_text_color\"><div class=\"w-iconbox-icon\" style=\"font-size:28px;color:#ff8080;\"><i class=\"far fa-long-arrow-alt-right\"><\/i><\/div><div class=\"w-iconbox-meta\"><h4 class=\"w-iconbox-title\">Very high speed (from 250 km\/h)<\/h4><\/div><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><p>Talgo Avril includes a range of technologies and shows that the Group&#8217;s skills are available to only a few manufacturers worldwide. Innovation aimed at maximising capacity and minimising operating costs ahead of competitors, with the particularity of including proprietary technology such as the equipment of the change of track gauge.<\/p>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:30px\"><\/div><div class=\"w-iconbox us_custom_e24aa667 iconpos_left style_default color_custom align_left no_text has_text_color\"><div class=\"w-iconbox-icon\" style=\"font-size:28px;color:#ff8080;\"><i class=\"far fa-long-arrow-alt-right\"><\/i><\/div><div class=\"w-iconbox-meta\"><h4 class=\"w-iconbox-title\">High speed (up to 250 km\/h)<\/h4><\/div><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><p>The Talgo 250 range trains have proven to be the most reliable and cost-effective option for operators looking for equipment designed for accelerated rotation both on networks that have been partially adapted to high-speed and on conventional lines that have not been adapted.<\/p>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:30px\"><\/div><div class=\"w-iconbox us_custom_e24aa667 iconpos_left style_default color_custom align_left no_text has_text_color\"><div class=\"w-iconbox-icon\" style=\"font-size:28px;color:#ff8080;\"><i class=\"far fa-long-arrow-alt-right\"><\/i><\/div><div class=\"w-iconbox-meta\"><h4 class=\"w-iconbox-title\">Intercity &#8211; passenger coaches<\/h4><\/div><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><p>Leading manufacturer of complete train sets for long-distance services on mainly conventional infrastructure. The Talgo 230 (DB and DSB in Germany and Denmark) has established itself as a flexible and efficient benchmark product in the European market. Talgo technology offers very low operating and maintenance costs and is also fully adaptable with its own technological solutions, such as natural tilting or Talgo bogies.<\/p>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:30px\"><\/div><div class=\"w-iconbox us_custom_e24aa667 iconpos_left style_default color_custom align_left no_text has_text_color\"><div class=\"w-iconbox-icon\" style=\"font-size:28px;color:#ff8080;\"><i class=\"far fa-long-arrow-alt-right\"><\/i><\/div><div class=\"w-iconbox-meta\"><h4 class=\"w-iconbox-title\">Regional and commuter rail<\/h4><\/div><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><p>Talgo has developed the Vittal platform in-house, which is designed for high-frequency commuter and regional services around major cities. The excellent power-to-weight ratio improves acceleration and braking coefficients, while its unbeatable accessibility helps to cut the time spent on loading and unloading operations at each station.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-4 wpb_column vc_column_container imgs_column\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-image us_custom_41dcccaf align_none\"><div class=\"w-image-h\"><img width=\"942\" height=\"331\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/tecnologias_1b.jpg\" class=\"attachment-full size-full\" alt=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/tecnologias_1b.jpg 942w, https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/tecnologias_1b-300x105.jpg 300w, https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/tecnologias_1b-600x211.jpg 600w\" sizes=\"(max-width: 942px) 100vw, 942px\" \/><\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:30px\"><\/div><div class=\"w-image us_custom_41dcccaf align_none\"><div class=\"w-image-h\"><img width=\"945\" height=\"318\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/tecnologias_2-1.jpg\" class=\"attachment-full size-full\" alt=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/tecnologias_2-1.jpg 945w, https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/tecnologias_2-1-300x101.jpg 300w, https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/tecnologias_2-1-600x202.jpg 600w\" sizes=\"(max-width: 945px) 100vw, 945px\" \/><\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:30px\"><\/div><div class=\"w-image us_custom_41dcccaf align_none\"><div class=\"w-image-h\"><img width=\"939\" height=\"319\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/tecnologias_3b.jpg\" class=\"attachment-full size-full\" alt=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/tecnologias_3b.jpg 939w, https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/tecnologias_3b-300x102.jpg 300w, https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/tecnologias_3b-600x204.jpg 600w\" sizes=\"(max-width: 939px) 100vw, 939px\" \/><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"w-separator us_custom_45fafaad size_medium has_text_color\"><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><h3 class=\"w-iconbox-title\">Proprietary and differential technology<\/h3>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_small has_text_color\"><\/div><div class=\"g-cols wpb_row  type_default valign_top vc_inner\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><p>Talgo&#8217;s objective is to offer operators a product that allows them to cover more needs, and with a better cost-effectiveness ratio than other manufacturers, based on a technological paradigm built on six main principles:<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:15px\"><\/div><div class=\"g-cols wpb_row  type_default valign_middle vc_inner\"><div class=\"vc_col-sm-3 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><h6>Continuous low floor<\/h6>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:15px\"><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><h6>Independent and guided rolling<\/h6>\n<\/div><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-3 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><h6>Lighter and wider coaches<\/h6>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:15px\"><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><h6>Natural tilting<\/h6>\n<\/div><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-3 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><h6>Change of gauge<\/h6>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:15px\"><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><h6>Fully articulated trains<\/h6>\n<\/div><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-3 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-image align_none\"><div class=\"w-image-h\"><img width=\"673\" height=\"472\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/tecnologia_propia-1.jpg\" class=\"attachment-full size-full\" alt=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/tecnologia_propia-1.jpg 673w, https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/tecnologia_propia-1-300x210.jpg 300w, https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/tecnologia_propia-1-570x400.jpg 570w\" sizes=\"(max-width: 673px) 100vw, 673px\" \/><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:15px\"><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_6972d9f4 height_custom\" id=\"actividad_industrial_y_servicios\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row type_default valign_top\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><h2 class=\"w-iconbox-title\"><span style=\"color: #ab1320;\">3.<\/span> Industrial activity and services<\/h2>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_small has_text_color\"><\/div><div class=\"g-cols wpb_row  type_default valign_top vc_inner\"><div class=\"vc_col-sm-8 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">[vc_custom_heading text=&#8221;Composition of order book&#8221; use_theme_fonts=&#8221;yes&#8221; el_class=&#8221;encabezado&#8221;]<div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><p>The order book stood at 2.7 billion euros in 2022, reaching 3 billion euros if we include already awarded contracts subject to conditions precedent.<\/p>\n<p>The outlook for the sector is positive, driven by the process of decarbonisation of transport in the coming years and reflected in the expectations of the latest industry surveys.<\/p>\n<p>Still, the current order book offers potential improvements in the company&#8217;s two main business lines. Europe, the Middle East and North Africa are the main potential markets for Talgo with additional tenders worth over 5.0 billion euros, mainly in MAV and long distance; 2.0 billion euros in extensions in projects in Germany, Denmark and Saudi Arabia; and an increase in maintenance services activity with the incorporation of new fleets in production over the last few years.<\/p>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:40px\"><\/div><div class=\"w-image align_none\"><div class=\"w-image-h\"><img width=\"778\" height=\"311\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/composicion_grafica_en.jpg\" class=\"attachment-full size-full\" alt=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/composicion_grafica_en.jpg 778w, https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/composicion_grafica_en-300x120.jpg 300w, https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/composicion_grafica_en-600x240.jpg 600w\" sizes=\"(max-width: 778px) 100vw, 778px\" \/><\/div><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-4 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><blockquote>\n<p>Positive business outlook for 2023 due to decarbonisation of transport in the coming years.<\/p>\n<\/blockquote>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:15px\"><\/div><div class=\"w-image us_custom_e4e9d556 align_none\"><div class=\"w-image-h\"><img width=\"391\" height=\"484\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/perspectivas-1.jpg\" class=\"attachment-full size-full\" alt=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/perspectivas-1.jpg 391w, https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/perspectivas-1-242x300.jpg 242w, https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/perspectivas-1-323x400.jpg 323w\" sizes=\"(max-width: 391px) 100vw, 391px\" \/><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"w-separator us_custom_45fafaad size_medium has_text_color\"><\/div><div class=\"g-cols wpb_row  type_default valign_top vc_inner table_actividad\"><div class=\"vc_col-sm-2 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><\/div><\/div><\/div><div class=\"vc_col-sm-8 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">[vc_raw_html]JTVCdGFibGUlMjBpZCUzRDI4JTIwJTJGJTVE[\/vc_raw_html]<\/div><\/div><\/div><div class=\"vc_col-sm-2 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_75162b73 height_custom\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row type_default valign_top\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><h3 class=\"w-iconbox-title\"><span style=\"color: #ab1320;\">3.1<\/span> Manufacturing<\/h3>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_small has_text_color\"><\/div><div class=\"g-cols wpb_row  type_default valign_top vc_inner\"><div class=\"vc_col-sm-2\/5 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column us_custom_d49a124f fabricacion first\" ><div class=\"wpb_wrapper\"><div class=\"row\">\n<div class=\"col\">\n<div class=\"epigrafe red\">Industrial area<\/div>\n<div class=\"dato\">63,000 <small>m<sup>2<\/sup><\/small><\/div>\n<\/div>\n<div class=\"col\">\n<div class=\"epigrafe red\">Production capacity:<\/div>\n<div class=\"dato\">400-500 <small>pcs\/year<\/small><\/div>\n<\/div>\n<\/div>\n<\/div><\/div><div class=\"wpb_text_column us_custom_d49a124f fabricacion second\" ><div class=\"wpb_wrapper\"><div class=\"row\">\n<div class=\"col\">\n<div class=\"epigrafe red\">Centres:<\/div>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col\">\n<div class=\"titulo\">Las Matas, Madrid (Spain)<\/div>\n<div class=\"texto\">Manufacture of high speed train (HS) powerheads and maintenance equipment.<\/div>\n<\/div>\n<div class=\"col\">\n<div class=\"titulo\">Rivabellosa, \u00c1lava (Spain)<\/div>\n<div class=\"texto\">Manufacture of passenger coaches.<\/div>\n<\/div>\n<div class=\"col\">\n<div class=\"titulo\">Milwaukee, United States (*)<\/div>\n<div class=\"texto\">Assembly and heavy maintenance projects.<\/div>\n<\/div>\n<\/div>\n<\/div><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><p><small>(*) Provided by public bodies.<\/small><\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-2\/5 wpb_column vc_column_container\"><div class=\"vc_column-inner us_custom_ebda694a\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column smaller\" ><div class=\"wpb_wrapper\"><p>Manufacturing accounted for 61% of Talgo&#8217;s revenues in 2022, calculated on a backbone average, representing 23% of the order book worth 0.6 billion.<\/p>\n<p>The main generators of manufacturing revenues were the projects for DB Talgo 230 (Germany), Renfe MAV powerheads (Spain) and DSB Talgo 230 passenger coach compositions (Denmark).<\/p>\n<p>Although it was a year in which the pace of project implementation slowed down compared to 2021, mainly due to supply chain disruptions. Manufacturing revenue, as a proportion of total Group revenues, remain high due to the impact of Covid-19 on the maintenance business during 2020-2022.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-1\/5 wpb_column vc_column_container\"><div class=\"vc_column-inner us_custom_e7f5d98a\"><div class=\"wpb_wrapper\"><div class=\"w-image us_custom_a3b8c4a2 align_none\"><div class=\"w-image-h\"><img width=\"496\" height=\"587\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/fabricacionb.jpg\" class=\"attachment-full size-full\" alt=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/fabricacionb.jpg 496w, https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/fabricacionb-253x300.jpg 253w, https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/fabricacionb-338x400.jpg 338w\" sizes=\"(max-width: 496px) 100vw, 496px\" \/><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:30px\"><\/div>[vc_custom_heading text=&#8221;Status of manufacturing projects&#8221; font_container=&#8221;tag:h4|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; css=&#8221;%7B%22default%22%3A%7B%22font-weight%22%3A%22600%22%7D%7D&#8221;]<div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:10px\"><\/div><div class=\"g-cols wpb_row  type_default valign_top vc_inner estado_proyectos\"><div class=\"vc_col-sm-6 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">[vc_custom_heading text=&#8221;High Speed&#8221; use_theme_fonts=&#8221;yes&#8221; el_class=&#8221;encabezado_rojo&#8221;]<div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><div class=\"strong\">Renfe Avril MAV (Spain)<\/div>\n<table>\n<tbody>\n<tr>\n<th width=\"40%\">Scope &#8211; \u20ac900 million<\/th>\n<th>Status<\/th>\n<\/tr>\n<tr>\n<td>\n<ul>\n<li>Manufacture of 30 MAV &#8220;Avril&#8221; trains.<\/li>\n<li>Maintenance for a period of 30 years.<\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li>In dynamic testing.<\/li>\n<li>Significant test milestones recently achieved that ensure deliveries will commence in 2023.<\/li>\n<li>Significant charges are expected as trains are delivered.<\/li>\n<li>Delays caused by COVID-19 and supply chain have been communicated to the customer.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><div class=\"strong\">Renfe MAV locomotives (Spain)<\/div>\n<table>\n<tbody>\n<tr>\n<th width=\"40%\">Scope &#8211; \u20ac161 million<\/th>\n<th>Status<\/th>\n<\/tr>\n<tr>\n<td>\n<ul>\n<li>Manufacture of 23 locomotives and maintenance services for 13 trains.<\/li>\n<li>Option for 12 additional locomotives.<\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li>In progress.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-6 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">[vc_custom_heading text=&#8221;Long distance \/ passenger coaches&#8221; use_theme_fonts=&#8221;yes&#8221; el_class=&#8221;encabezado_rojo&#8221;]<div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><div class=\"strong\">DB Talgo 230 km\/h (Germany)<\/div>\n<table>\n<tbody>\n<tr>\n<th width=\"40%\">Scope &#8211; \u20ac550 million (\u20ac2.3 B)<sup>(1)<\/sup><\/th>\n<th>Status<\/th>\n<\/tr>\n<tr>\n<td>\n<ul>\n<li>Framework agreement for the manufacture of up to 100 Talgo 230 trains.<\/li>\n<li>Initial order for the production of 23 trains.<\/li>\n<li>Second order under negotiation.<\/li>\n<li>Scope for maintenance under negotiation.<\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li>In production phase.<\/li>\n<li>Significant test milestones recently achieved that ensure deliveries will commence in 2023.<\/li>\n<li>AAD<sup>(2)<\/sup> structure during the life of the project.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><div class=\"strong\">DSB Talgo 230 (Denmark)<\/div>\n<table>\n<tbody>\n<tr>\n<th width=\"40%\">Scope &#8211; \u20ac152 million (\u20ac500 M) <sup>(1)<\/sup><\/th>\n<th>Status<\/th>\n<\/tr>\n<tr>\n<td>\n<ul>\n<li>Initial order for the manufacture of eight trains, together with technical assistance and materials.<\/li>\n<li>Second order under negotiation.<\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li>In production phase.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><div class=\"strong\">ENR Talgo 160 km\/h (Egypt)<\/div>\n<table>\n<tbody>\n<tr>\n<th width=\"40%\">Scope &#8211; \u20ac157 million<\/th>\n<th>Status<\/th>\n<\/tr>\n<tr>\n<td>\n<ul>\n<li>Manufacture of 6 trains and their maintenance for a period of 8 years.<\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li>In local testing and delivery phases.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><p><small>(1) Maximum scope of the framework agreement.<\/small><br \/>\n<small>(2) Abstract Acknowledgement of Debt, with access to up to 60% of the total value of the contract, which allows for advance payment of the contract.<\/small><\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_75162b73 height_custom\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row type_default valign_top\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><h3 class=\"w-iconbox-title\"><span style=\"color: #ab1320;\">3.2<\/span>\u00a0Maintenance<\/h3>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_small has_text_color\"><\/div><div class=\"g-cols wpb_row  type_default valign_top vc_inner mantenimiento\"><div class=\"vc_col-sm-3 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column us_custom_e0b2e157\" ><div class=\"wpb_wrapper\"><p>The maintenance business remained strong in 2022, thanks in part to a strategy based on the use of pioneering technologies that continue to set the industry benchmark. It represented 71% of the 2022 order book and includes services provided to customers in 6 countries with a total amount of 2.0 billion euros. They provide long-term revenue visibility backed by a consolidated and growing maintenance order book.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-9 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">[vc_custom_heading text=&#8221;Location of maintained fleet&#8221; font_container=&#8221;tag:h4|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221; css=&#8221;%7B%22default%22%3A%7B%22font-weight%22%3A%22600%22%2C%22margin-bottom%22%3A%2230px%22%2C%22padding-left%22%3A%225%25%22%2C%22padding-bottom%22%3A%2210px%22%2C%22padding-right%22%3A%225%25%22%2C%22border-style%22%3A%22solid%22%2C%22border-bottom-width%22%3A%221px%22%2C%22border-color%22%3A%22%23a30000%22%7D%7D&#8221;]<div class=\"w-image align_none\"><a href=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/mapa_en.jpg\" ref=\"magnificPopup\" aria-label=\"Link\" class=\"w-image-h\"><img width=\"1205\" height=\"596\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/mapa_en.jpg\" class=\"attachment-full size-full\" alt=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/mapa_en.jpg 1205w, https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/mapa_en-300x148.jpg 300w, https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/mapa_en-1024x506.jpg 1024w, https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/mapa_en-600x297.jpg 600w\" sizes=\"(max-width: 1205px) 100vw, 1205px\" \/><\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_278d8c57 height_custom\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row type_default valign_top\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><h3 class=\"w-iconbox-title\"><span style=\"color: #ab1320;\">3.3<\/span> Refurbishment and other<\/h3>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_small has_text_color\"><\/div><div class=\"g-cols wpb_row  us_custom_8d5aa4e2 type_default valign_top vc_inner estado_proyectos\"><div class=\"vc_col-sm-1\/5 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><\/div><\/div><\/div><div class=\"vc_col-sm-4\/5 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">[vc_custom_heading text=&#8221;Heavy Maintance and refurbisment&#8221; use_theme_fonts=&#8221;yes&#8221; el_class=&#8221;encabezado_rojo&#8221;]<\/div><\/div><\/div><\/div><div class=\"g-cols wpb_row  type_default valign_top vc_inner estado_proyectos\"><div class=\"vc_col-sm-1\/5 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column us_custom_8d5aa4e2\" ><div class=\"wpb_wrapper\"><p>In 2022, the heavy maintenance and refurbishment business accounted for 5% of the total order book with a total order intake of 0.1 billion euros. It is a business that continues to offer growth potential and is the gateway to new markets.<\/p>\n<\/div><\/div><div class=\"w-image align_none\"><div class=\"w-image-h\"><img width=\"218\" height=\"204\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/soldadorb.jpg\" class=\"attachment-full size-full\" alt=\"\" decoding=\"async\" loading=\"lazy\" \/><\/div><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-2\/5 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><div class=\"strong\">Metrolink redevelopment (USA)<\/div>\n<table>\n<tbody>\n<tr>\n<th width=\"50%\">Scope &#8211; \u20ac35 million<\/th>\n<th>Status<\/th>\n<\/tr>\n<tr>\n<td>\n<ul>\n<li>Refurbishment of up to 121 vehicles with an initial order of 50 vehicles.<\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li>In production phase.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><div class=\"strong\">Conversi\u00f3n de trenes nocturnos a MAV (Espa\u00f1a)<\/div>\n<table>\n<tbody>\n<tr>\n<th width=\"50%\">Scope &#8211; \u20ac107 million<\/th>\n<th>Status<\/th>\n<\/tr>\n<tr>\n<td>\n<ul>\n<li>Conversion of Talgo S7 compositions (Talgo \u201cnight coaches\u201d).<\/li>\n<li>The initial project includes 156 cars (13 compositions) with an option for an additional 72 cars (6 compositions).<\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li>In production phase.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-2\/5 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><div class=\"strong\">Remodelling of AV compositions (Spain)<\/div>\n<table>\n<tbody>\n<tr>\n<th width=\"50%\">Scope &#8211; \u20ac35 million<\/th>\n<th>Status<\/th>\n<\/tr>\n<tr>\n<td>\n<ul>\n<li>Activities to refurbish 44 AV train sets.<\/li>\n<li>New scopes of negotiation.<\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li>In production phase.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><div class=\"strong\">LACMTA redevelopment (USA)<\/div>\n<table>\n<tbody>\n<tr>\n<th width=\"50%\">Scope &#8211; \u20ac73 million<\/th>\n<th>Status<\/th>\n<\/tr>\n<tr>\n<td>\n<ul>\n<li>Activities to refurbish 74 coaches of the Red Line.<\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li>Project completed in accordance with the communication received from the client in H1-2022, pending further resolution.<\/li>\n<li>Currently in litigation with client.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row us_custom_6972d9f4 height_custom\" id=\"el_futuro_de_talgo\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row type_default valign_top\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><h2 class=\"w-iconbox-title\"><span style=\"color: #ab1320;\">4.<\/span> Talgo&#8217;s future<\/h2>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_medium has_text_color\"><\/div><div class=\"g-cols wpb_row  type_default valign_top vc_inner estado_proyectos\"><div class=\"vc_col-sm-4 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><p>The 2022 results show the resilience of the business with satisfactory performance even in adverse conditions, while the 2023 forecasts point to expected growth in activity and therefore in revenues with a recovery in margins. The Group maintains a favourable commercial position, especially in the long-distance and high-speed segments in European countries and in the Middle East and North Africa.<\/p>\n<p>The rail passenger transport sector is a key element in successfully addressing the decarbonisation objectives and processes of the proposed global transport system for 2030-2035. This, together with the process of liberalisation of the railway map, means that trade prospects are positive for the coming years.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-8 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><table class=\"futuro\">\n<thead>\n<tr>\n<th width=\"22%\"><\/th>\n<th width=\"45%\">2022 Results<\/th>\n<th class=\"last\">2023 targets<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><strong>Business performance<\/strong><\/td>\n<td>\n<ul>\n<li>Execution of order book:<br \/>\n<strong>Target<\/strong>: 32% | <strong>Result<\/strong>: 32%<\/li>\n<li>Book to bill ratio:<br \/>\n<strong>Target<\/strong>: 1.0x | <strong>Result<\/strong>: 0,1x<\/li>\n<\/ul>\n<\/td>\n<td class=\"last\">\n<ul>\n<li>40% order book execution for 2023-2024 <sup>(2)<\/sup><\/li>\n<li>Average book-to-bill c. 2.0x<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td><strong>Profitability<\/strong><\/td>\n<td>\n<ul>\n<li>Adjusted EBITDA:<br \/>\n<strong>Target<\/strong>: 11% | <strong>Result<\/strong>: 11%<\/li>\n<\/ul>\n<\/td>\n<td class=\"last\">\n<ul>\n<li>Adjusted EBITDA<br \/>\nEBITDA increase to c.12%<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td><strong>Capital structure<\/strong><\/td>\n<td>\n<ul>\n<li>NOF:<br \/>\n<strong>Target<\/strong>: Cash consumption | <strong>Result<\/strong>: +\u20ac51 mill.<\/li>\n<li>Net debt:<br \/>\n<strong>Target<\/strong>: c. 2.5x Adjusted EBITDA. | <strong>Result<\/strong>: 1,9x<\/li>\n<li>Capex in 2022:<br \/>\n<strong>Target<\/strong>: \u20ac25 mill. | <strong>Result<\/strong>: 21 mill. \u20ac<\/li>\n<\/ul>\n<\/td>\n<td class=\"last\">\n<ul>\n<li>Maintain stable NOF in 2023 with a financial leverage level of c. 2.0x Adjusted EBITDA<\/li>\n<li>Capex of \u20ac30 mill.<sup>(1)<\/sup><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td><strong>Shareholder remuneration<\/strong><\/td>\n<td>\n<ul>\n<li>Shareholder Remuneration Programme<br \/>\n<strong>Target<\/strong>: \u20ac10 mill | <strong>Result<\/strong>: \u20ac12 mill<\/li>\n<\/ul>\n<\/td>\n<td class=\"last\">\n<ul>\n<li>\u20ac12 mill. <sup>(3)<\/sup> in shareholder remuneration in 2023<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><p><small>(1) Does not include R&amp;D projects.<br \/>\n(2) On the order book for the year 2022.<br \/>\n(3) Subject to approval by the AGM. Preliminarily, it will be implemented through a Scrip Dividend and a share buy-back programme.<\/small><\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:50px\"><\/div><div class=\"g-cols wpb_row  type_default valign_top vc_inner\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">[vc_custom_heading text=&#8221;Innovation&#8221; font_container=&#8221;tag:h6|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;]<\/div><\/div><\/div><\/div><div class=\"w-separator us_custom_45fafaad size_small has_text_color\"><\/div><div class=\"g-cols wpb_row  type_default valign_top vc_inner\"><div class=\"vc_col-sm-4 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><p>Talgo, as a leading national and international group of companies in research and development, assigns the highest priority and resources to this essential driver of business value to ensure its continuity and sustained growth over time.<\/p>\n<\/div><\/div><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><p>This commitment is also shown by the fact that, despite the results, 18.3% more has been invested in innovation projects over the course of 2022, totalling 16.1 million euros (13.6 million euros in 2021), with R&amp;D expenditure rising to 1.6 million euros, 14.3% more than in 2021.<\/p>\n<\/div><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-4 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><blockquote>\n<p>Despite the decline in results, Talgo invested 18.3% more in R&amp;D projects in 2022 as a factor for future growth.<\/p>\n<\/blockquote>\n<\/div><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-4 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"w-image align_none\"><div class=\"w-image-h\"><img width=\"410\" height=\"364\" src=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/innovacionb.jpg\" class=\"attachment-full size-full\" alt=\"\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/innovacionb.jpg 410w, https:\/\/talgo2022.quumproyectos.com\/wp-content\/uploads\/2023\/06\/innovacionb-300x266.jpg 300w\" sizes=\"(max-width: 410px) 100vw, 410px\" \/><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"w-separator us_custom_45fafaad size_medium has_text_color\"><\/div><div class=\"g-cols wpb_row  type_default valign_top vc_inner\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">[vc_custom_heading text=&#8221;Innovation projects 2022&#8243; font_container=&#8221;tag:h4|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221; css=&#8221;%7B%22default%22%3A%7B%22font-weight%22%3A%22600%22%2C%22text-transform%22%3A%22uppercase%22%7D%7D&#8221; el_class=&#8221;smaller_title&#8221;]<\/div><\/div><\/div><\/div><div class=\"w-separator us_custom_45fafaad size_small has_text_color\"><\/div><div class=\"g-cols wpb_row  type_default valign_top vc_inner futuro_proyectos\"><div class=\"vc_col-sm-6 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">[vc_custom_heading text=&#8221;Energy efficiency and sustainability&#8221; use_theme_fonts=&#8221;yes&#8221; el_class=&#8221;encabezado_rojo overall&#8221; css=&#8221;%7B%22default%22%3A%7B%22position%22%3A%22relative%22%2C%22z-index%22%3A%222%22%7D%7D&#8221;]<div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><table>\n<tbody>\n<tr>\n<td width=\"50%\">\n<div class=\"strong\">Vittal one hydrogen train<\/div>\n<\/td>\n<td>\n<div class=\"strong\">Box\/light structure<\/div>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<div class=\"strong\">Light wheelset<\/div>\n<\/td>\n<td>\n<div class=\"strong\">Viscoelastic panels for structural cushioning<\/div>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<div class=\"strong\">Metamaterials for interior noise reduction<\/div>\n<\/td>\n<td>\n<div class=\"strong\">Carbon fibre recycling<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:12px\"><\/div>[vc_custom_heading text=&#8221;Availability and versatility&#8221; use_theme_fonts=&#8221;yes&#8221; el_class=&#8221;encabezado_rojo overall&#8221;]<div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><table>\n<tbody>\n<tr>\n<td>\n<div class=\"strong\">Motorised wheelset<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div><\/div><\/div><\/div><div class=\"vc_col-sm-6 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">[vc_custom_heading text=&#8221;Intelligent trains&#8221; use_theme_fonts=&#8221;yes&#8221; el_class=&#8221;encabezado_rojo overall&#8221;]<div class=\"wpb_text_column\" ><div class=\"wpb_wrapper\"><table>\n<tbody>\n<tr>\n<td width=\"50%\">\n<div class=\"strong\">Box hoist\/structure<\/div>\n<\/td>\n<td>\n<div class=\"strong\">Maintenance 5G<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div><div class=\"w-separator us_custom_45fafaad size_custom has_text_color\" style=\"height:12px\"><\/div>[vc_custom_heading text=&#8221;Passenger experience&#8221; use_theme_fonts=&#8221;yes&#8221; el_class=&#8221;encabezado_rojo overall&#8221;]<div class=\"wpb_text_column us_custom_3a284f72\" ><div class=\"wpb_wrapper\"><table>\n<tbody>\n<tr>\n<td width=\"50%\">\n<div class=\"strong\">Improved acoustic experience<\/div>\n<\/td>\n<td>\n<div class=\"strong\">Indoor guidance using ultrasonic beacons<\/div>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<div class=\"strong\">Blackout windows<\/div>\n<\/td>\n<td>\n<div class=\"strong\">Variable frequency dampers<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row height_custom\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row type_default valign_top\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"g-cols wpb_row  type_default valign_top vc_inner\"><div class=\"vc_col-sm-12 wpb_column vc_column_container\"><div class=\"vc_column-inner us_custom_eb849559\"><div class=\"wpb_wrapper\"><div class=\"w-btn-wrapper width_auto align_left\"><a class=\"w-btn us-btn-style_5 icon_atleft\" title=\"About Talgo\" href=\"https:\/\/talgo2022.quumproyectos.com\/en\/about-talgo\/\"><i class=\"far fa-arrow-left\"><\/i><span class=\"w-btn-label\">Previous<\/span><\/a><\/div><div class=\"w-btn-wrapper width_auto align_left\"><a class=\"w-btn us-btn-style_5 icon_atright\" title=\"Good Governance\" href=\"https:\/\/talgo2022.quumproyectos.com\/en\/good-governance\/\"><span class=\"w-btn-label\">Next<\/span><i class=\"far fa-arrow-right\"><\/i><\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"Chapter 2 Talgo\u2019s business 1. Profile, identity and commitments2. Business model3. Industrial activity and services4 Talgo&#8217;s future1. Profile, identity and commitments While celebrating the 80th anniversary of its founding in 1942, Talgo pursued three lines of business in 2022: 1The design and manufacture of high-speed and very high-speed, long-distance and regional trains. 2Manufacture of maintenance...","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":2,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"acf":[],"_links":{"self":[{"href":"https:\/\/talgo2022.quumproyectos.com\/en\/wp-json\/wp\/v2\/pages\/1639"}],"collection":[{"href":"https:\/\/talgo2022.quumproyectos.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/talgo2022.quumproyectos.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/talgo2022.quumproyectos.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/talgo2022.quumproyectos.com\/en\/wp-json\/wp\/v2\/comments?post=1639"}],"version-history":[{"count":21,"href":"https:\/\/talgo2022.quumproyectos.com\/en\/wp-json\/wp\/v2\/pages\/1639\/revisions"}],"predecessor-version":[{"id":2674,"href":"https:\/\/talgo2022.quumproyectos.com\/en\/wp-json\/wp\/v2\/pages\/1639\/revisions\/2674"}],"wp:attachment":[{"href":"https:\/\/talgo2022.quumproyectos.com\/en\/wp-json\/wp\/v2\/media?parent=1639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}