It is the world's largest woven shirt maker, producing about 100 million shirts annually. More inspiring contributions from Esquel Group! . Esquel Group is one of the few large textile manufacturing groups to do so. Hero Financial Annual Report - Heromotocorp In order to create a new signature S logo, we integrated different elements within the manufacturing process from cotton to textile and carefully blended them together. World-leading textile and apparel manufacturer producing premium cotton shirts for some of the world's most renowned brands. This ensures that all the latest information is captured to enable you to make informed decisions Management Team: Names, Profiles, Information on key personnel managing the business, heading key departments and function with their employment history and executive biographies A big thank you to our partners in this wonderful project, including the architecture firm Ronald Lu & Partners for helping us materialize Esquels commitment in sustainable development through their outstanding architectural design. LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and to show you relevant ads (including professional and job ads) on and off LinkedIn. Its clientele include Abercrombie & Fitch, Jack & Jones, Gant, Hugo Boss, Lacoste, Ralph Lauren, Tommy Hilfiger, and Nautica. Company offerings: Details on a list of companys major products/services/brands Crocs, Inc. proudly reported record annual revenues of $3.6 billion, growing 54 percent over 2021. But our view is that workers will one day become technicians; they will be operating multiple machines, and they will also be responsible for quality because were not going to have any more QCs to check their work. Under pressure from management, some of the workers agreed to sign voluntary resignation agreements with the understanding that they would receive more than their legal entitlement as promised by the company in writing, but with no financial details provided to justify the closure. Koggala factory garment workers during a work stoppage in November 2021, Statement on the closure of two Sri Lankan factories amid severe financial crisis. Access to single report without subscription allows our clients to meet their requirements with a limited budget On this Wikipedia the language links are at the top of the page across from the article title. Esquel Group | 11,811 followers on LinkedIn. Also, it will help you qualify prospective partners, affiliates or suppliers 2002 Research Report Measuring Sustainability: A Snapshot of a Hong Kong Company - the Esquel Group By 3 June 2002 The concept of sustainability has become more familiar in Hong Kong but the discussion of how organisations can become more sustainable in terms of economic, environmental and social performance is still at an early stage. Select Accept to consent or Reject to decline non-essential cookies for this use. Plunkett Research Online provides a great one stop shop for us to quickly come up to speed on major industries. Esquel has a long history of union busting and discrimination against union activists. Gary White, Business Materials Selector, Penn State University, Our Market Research = Your Smart Decisions, Esquel Group of Companies is one of the worlds largest producers of cotton shirts. digtiGaps 2018. Esquel directly employs around 55,000 people across the world but, adding in their family members, the company estimates between 100,000 and 200,000 people areimpacted by its actions. Request Custom Company Research Report Here: https://digitgaps.com/custom-research/. Colleagues showed their talents through stunning performances. [4] Esquel Group sues US over unit's inclusion on 'entity list', as company In Esquels case, it is definitely the latter. Companies product/service/brand portfolio analysis This annual report matches the Red and Black design set. Search over 700 [12] This strategy was noted by the South China Morning Post as different from some other competitors which sought to diversify operations by moving to other countries with lower labor costs.[2]. Looking at the ex-factory unit cost of a piece of apparel (across the entire supply chain, including spinning, weaving, knitting, dyeing), labour accounts for only 25%. This simple annual report template includes instructional text to assist you in building a good report. From there, we created the first natural dye garden in China. Should this video be a part of your PLM Materials Library in addition to the U3M file? PDF Responsible Labor Report: 2022-2023 - morganlewis.com Locations/Facilities: Contact details listing the key locations/facilities, subsidiaries of the company Outlook for Future Years. Compare your subscription options for market research, forecasts and Entity List. While producing this report, we have followed a standardized research methodology which assures our data quality and authenticity. We provide you detailed insights of the companys strategic, financial and operational performance Against this backdrop, the Hong Kong-based textile and apparel giant has made it its mission to weave sustainability into its core values, and across a vertical supply chain that spans every step from cotton farming, through spinning, weaving and knitting, to apparel making, accessories and packaging, retail and distribution. Great team work & great achievements. Many thanks to Lucy Cromwell and Jiwon Choi for kickstarting this fantastic opportunity and we look forward to making these reusable lunches more frequent! [6][7] In July 2021, Esquel filed a lawsuit in the United States District Court for the District of Columbia against the U.S. government seeking removal from the Entity List. That ruling remains pending. million verified professionals across 35 million companies. Fond memories remain of my time in Hong Kong . Founded in 1978, Esquel Group has pursued growth over the years in line with its vision of Making a Difference, which guides its development toward two goals - tackling climate change and narrowing the wealth gap. Esquel also bases its sustainability strategy on four different pillars namely people, planet, product and community overseen by a Sustainability Council set up five years ago. Finally, the visual style needed to be aesthetically uniform with the Esquel Group & Esquel Sustainability brand. Ces valeurs sont T ransparence, E xcellence et R entabilit. #Esquel #makingadifference #45thanniversary #annualdinner, A fun little demonstration of using digital trims from JML Apparel using Style3D that I did a few months ago. Another initiative to train up workers with the necessary skills to deal with the future manufacturing model has been to set up a virtual university called Esquel University. Come and meet our Esquelers in Integral! Esquel Group Careers and Employment | Indeed.com Major deals are incorporated such as break of deals into categories and information which will assist your business research, 5. Our office complex in Integral reimagined workspace built for teamwork and productivity. Again citing its flagship location in Gaoming, Tung explained how a dearth of parking space for the 20-25,000 people working in the spinning mill, weaving, knitting and garment factory has led to the development of a Carpool app that encourages workers to share a car on their way to work or within the premises. In-depth analysis performed to produce this report will give you a clear and unbiased view of the companys strategy and growth prospects. You might think this is counter-intuitive, because if you increase the cost you are not earning as much. At Esquel, we prioritize investment in the growth and well-being of our employees. Buying this report will assist you to gain key insights into the happenings around companies business and academic research Speaking at this years Innovation and Technology Symposium organised by the Hong Kong Research Institute of Textiles and Apparel (HKRITA), Tung explained that when dealing with sustainability it is important to look at the entire supply chain rather than just one part, as well as considering both the social and environmental impacts. ESQUEL GROUP OF COMPANIES (Private) Company Profile, Corporate Revenues, Growth, Market Size, Analysis, Business Forecasts, Market Share, Metrics, SWOT Esquel Group of Companies is one of the world's largest producers of cotton shirts. People think workers are workers, that they sit in front of a sewing machine and generate a product. This button displays the currently selected search type. It includes their financial performance and activities over the prior fiscal year. Esquel Group has an estimated 201 employees and an estimated annual revenue o. SDG 7: Ensure access to affordable, reliable, sustainable and modern energy for all. WeSuperseed created a heavily custom designed website layout. Esquel Group Limited was founded in 1978 and is based in Wanchai, Hong Kong. The company was also mentioned in a draft bill introduced in the House and . The Esquel Group is one of the worlds largest shirt manufacturers with a huge domestic market in China. [9][10] Several weeks later, Esquel resumed its lawsuit after failing to reach an agreement with the U.S. Commerce Department regarding the timetable for removal and the specifics of the conditions for removal. I hope to see it one day when it is safe to travel again. At its largest manufacturing site at Gaoming in Chinas Guangdong province, we are constantly increasing the net take-home pay of our workers, but at the same time were reducing the working hours. Instead, we are actually giving mandates to our factory general managers to try to increase the salary or our workers, rather than reduce the salary. Following our feature video from Guilin, Edgar Tung, incoming CEO of Esquel Group, announced Esquel's Pledge to Net Zero. Our Vice Chairman Teresa Yang said that this award win is another major recognition of Esquels vision of Making a Difference embodied by Integrals pioneering architectural design and development model. All pre-sales and post-sales queries are addressed by our analyst SDG 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all. Esquel Group's headquarters is located in London, England, GB W1U 3RF. The carbon footprint analyses of our proprietary assets and the EU Taxonomy disclosures have been incorporated in the Annual Report as of this year. Esquel Group Sues Department Of Commerce Over Erroneous Inclusion On U This is also a very hot area we are investing in.. [4], The family owned business was founded in 1978 by family patriarch Yang Yuan-loong[zh]. PDF. Responsible Labor Report: 2022-2023 - Lexology This button displays the currently selected search type. 7. At this point surely the recruitment team need to be fired? When it comes to environmental impact the planet pillar of its strategy Esquel claims to have invested over US$150m over the last ten years in managing its water and energy consumption, including a wastewater treatment plant that processes more than 5,000 tons of water every day. Entering a new mode of production was challenging, but I felt driven to excel in it, Ms. Tang said. Esquel is investing more than CNY2bn (US$313.9m) on building a new spinning mill and garment manufacturing facility at picturesque Guilin in Guangxi province, which is due to begin operation next year. Most of the times the information our customers are looking for is not readily available in an off-the-shelf market research publication. With manufacturing operations across five Asian countries, Esquel produces 100 million garments annually. Deals mentioned in our company research report will help you understand corporate strategy from the companys core business segment perspective 2. As a total service and solution provider, Esquel differentiates itself from other manufacturers by investing in its people and innovative technology to ensure sustainable manufacturing 'from seed to . Otto Group Annual Report 2021/22. The company also has its own retail brands PYE and Determinant. Offering the education necessary to elevate these skills is also something Esquel has taken on board. PDF. Given Esquel's history, in which parts of the supply chain is the group's core where it has the deepest knowledge and expertise? Colleagues showed their talents through stunning performances. Financial Reports. Esquel Group is one of the world's leading producers of premium cotton shirts, with production facilities in China, Malaysia, Vietnam, Mauritius, and Sri Lanka, and a network of branches servicing key markets worldwide. We started this about ten years ago, and since then about 1500 households have benefited from the programme. Annual report (Red and Black design) - templates.office.com Were developing an eco-friendly facility that demonstrates Industry 4.0 with automation and advanced use of data, but will also be a tourist destination too, Tung explained. The numbers show why. With further communication and internal training, the team eventually saw a drastic boost to their production efficiency and performance. Using fewer but more skilled workers, increasing productivity, investing in robotics and automation, micro-financing cotton farmers, and even selecting the whitest cotton fibres to reduce the bleaching process are among the initiatives outlined by managing director Edgar Tung. Stay tuned to hear more from us about our sustainability journey. Congratulations Margie & Teresa, Ron & Bryant! [12] The company has strategy of upgrading or opening new facilities with better automation to counter the competitive pressure of rising wages. Esquel is currently transforming its operations from the conventional methods by adopting lean manufacturing principles. ESOP. The Clothing Manufacturer Service. Analyst research Share your feedback. The firm's vertically integrated operation starts in China where it oversees cotton farms. Keep the text short and simple. Elton PD001--1463 ", Didn't find the company in our repository? Responsible Labor Report: 2022-2023 Franco Corrado, Jessica Gordon, Xavier Haranger, Katelyn Hilferty, Sabine Konrad, Todd Liao, K Lesli Ligorner, Sandra Moser, David Plotinsky, Carl Valenstein,. Esquel Group Esquel's Commitment to Xinjiang As a knowledge-based innovation company, Esquel Group operates through three distinct business groups: Esquel Brands and Distribution (EBD), Esquel Textiles and Apparel (ETA), and Esquel Ventures (EVG). No credit card required. The vertical marketing tool is very helpful, for it assists us in that venue, as well as targeting customers competition for new salesThe comprehensive material is absolutely fabulous. As an industry we have a bad reputation when it comes to sustainability, says Edgar Tung, managing director of Esquel Group, the worlds largest woven shirt maker. PDF. Over the years, Esquel has grown from a shirtmaker to a total solutions provider in textiles and apparel, a curator in industrial . Up to 5 With annual sales of US$1.3bn last year, Esquel manufactures over 100 million garments annually for leading brands including Marks & Spencer, Ralph Lauren, Tommy Hilfiger and NIKE. The geographic presence in different regions can act as one of the major strength of the organisation. Since then, the companies have been doing subcontracting for local manufacturers. Plunkett Research Online is an excellent resourcethe database contains a wealth of useful data on sectors and companies, which is easy to search and well presented. Ideally, readers should be able to scan through the document and get the information they need. Financial Year 2021-22. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Director, Derby Entrepreneurship Center @Tufts | Corporate Innovation Consultant | Keynote Speaker and Author, Senior Business Consultant at Organicoguru Lanka (Pvt) Ltd. Congratulations ! digitGaps company research reports are written by our qualified research team, a dedicated group of analysts who knows the industry inside and out. The switch was far from straightforward, however. Esquel Group (Chinese: ) is a Hong Kong-based textile and apparel manufacturer. The workers union FTZ & GSEU and its allies in the CCC global network are calling on Esquel and on companies and brands that have or used to have a business relationship with Esquel Sri Lanka to ensure that the workers receive their full legal compensation and are offered reemployment opportunities by the new owners, orwith their other suppliers in Sri Lanka. 13,192 followers 1w Report this . If you think about a robotic arm as your hand, you also need a pair of eyes to try to assess the fabric position. Annual reports View a snaphot of our 2021 Annual. [5] The opening of China that year had according to one of Yang's daughters led to the decision to establish the company. Lorem ipsum dolor sit amet consectetur adipisicing elit. Esquel is the world's largest maker of woven cotton shirts, providing major brands with more than 100 million every year, earning the company more than $1.3 billion in yearly revenue. Looking for a particular Esquel Group employee's phone or email? Stay tuned to hear more from us! The farms supply spinning, dyeing and knitting facilities that produce high-quality cotton fabric. So proud to be an ex Esqualler . Esquel Integral Project | Shared Value Initiative Hong Kong The ideas of environmental management, industrial ecology and ecological footprint have been proposed to allow for a meticulous look to the products that we manufacture and use, with emphasis on measuring the ecological impacts in hopes of reducing them. Learn more in our Cookie Policy. We had the privilege of working with them to revamp their annual Sustainability Report website. The rating from the Corporate Information Transparency Index (CITI) evaluates the environmental performance of international brands selling and sourcing in China, with the ultimate goal of guiding consumers into making green choices. Looking for a "Syndicated, Qualitative or Quantitative Market Research Solution? When expanded it provides a list of search options that will switch the search inputs to match the current selection. Need a customized "Company Intelligence" or "Industry Research" report? Esquel - From making shirts to making a difference - Just Style Or do we have other ways of looking at the bigger picture? Tungasked. To make the data easily digestible, we created a range of visual icons in a minimalistic illustration style to represent the respective data points. Project Coordinator Social Alliance Communications Consultancy . These fresh talents received one year of basic skills training before undergoing a simulation workshop to acquire hands-on experience of different production scenarios. Through our company profiles, you can recognize potential partners and suppliers. By way of explanation, he sets out some alarming numbers. Detailed intelligence on Competition: Insights on key competitors They will also be responsible for calibrating the machines like a technician.. What are the stages of the supply chain (value system) in which Esuqel operates (see Exhibit 5) What are the top 1 or 2 competencies would you need in each to be successful? At Esquel, we seek to provide quality employment that creates opportunities for all. Esquel harnesses technology to transform its operations and commercialize its innovations. Its efforts have also paid off with the company this month being ranked as having the second greenest textile supply chain in China, behind LeviStrauss and the fourth greenest across all sectors. Download a "Company Intelligence" sample report. 13Hong Kong, Hong Kong 999077 Hong Kong. Hong Kong-based textile and apparel giant Esquel Group has made it its mission to weave sustainability into its core values, and across a vertical supply chain that spans every step from cotton farming to retail. The firms vertically integrated operation starts in China where it oversees cotton farms. A Growth Comparison of Mauritius and Jamaica | SpringerLink 927 were here. I really appreciate the depth you were able to get to so quickly (for our project). Esquel Group - WeSuperseed Teams of colleagues competed in the Fai Chun Writing Contest, which allowed them to unleash their creativity and strengthen their bonding in between. 'Mangineer' concept keeps Esquel Group 'lean' and 'agile' In 2005, Esquel's internal supply chain had covered all the main steps in the garment-manufacturing process, from cotton farming to manufacturing final garments and accessories. Corporate websites We are especially trying to push Plunketts since all of our students have to do so much industry research and your interface is so easy to use. Procurement & Business Strategy Director - Asia Pacific at Hallmark Cards. The Esquel Group, a Hong Kong -based textile and a pparel manufacturer, sued the US Department of Commerce to secure relief from the "economic and reputational harms" caused by the listing, but a US federal judge refused to lift the trade restrictions. Fairmont PD001--552. Secondary / Desk Research Yang believes the most. Approximately 1,500 workers employed at two factories Koggala I and II - owned by Esquel Sri Lanka are facing imminent closure of their workplaces with no assurance that they will be reemployed when the factories are sold to another company. Esquel Group recruited more than 150 college graduates, having engineering background, to the mangineer programme in 2015. Our report is a guide for you to get potential investments and acquisition targets. Sustainability Pays Dividends Importance of 'Soft' Technology for China. Esquel Group information Founded in 1978, Esquel Group has pursued growth over the years in line with its vision of Making a Difference, which guides its development toward two goals - tackling climate change and narrowing the wealth gap. A REPRESENTATIVE LIST OF ORGANIZATIONS THAT HAVE USED OUR RESEARCH PRODUCTS: Your tool is very comprehensive and immensely useful. Liked by Edgar Tung. Phone: 852-2811-8077Fax: 852-2960-6988Address: 25 Harbour Rd., Harbour Center, Fl. Backed by over 40 years of experience, each business group adheres to our net zero pledge, and our commitment to our vision of Making a Difference through tackling climate change and narrowing the wealth gap. We are also engaging with external academic institutions and trying to sponsor our workers and supervisors to go for diploma education so the amount of our workforce who are better educated has now improved significantly.. United States District Court for the District of Columbia, "100m shirts and counting: Textile maker Esquel embraces technology to cut costs and protect the environment", "This Clothing Company Has Close Ties To Xinjiang, Where Forced Labor Is Rampant", "How the Esquel Group unexpectedly ended up all in the family", "Subsidiary of world's largest shirtmaker put on U.S. blacklist over Xinjiang ties", "Commerce Department Adds Eleven Chinese Entities Implicated in Human Rights Abuses in Xinjiang to the Entity List", "Esquel Group sues US over subsidiary's inclusion on 'entity list', "Nike's former supplier Esquel Group scores a rare win in a bid to remove Xinjiang unit from US forced-labour sanctions list", "15 CFR Appendix Supplement No. We had the privilege of working with them to revamp their annual Sustainability Report website. Thanh Metta - Ho Chi Minh City, Vietnam - LinkedIn Esquel is a manufacturer and supplier of apparels for men and women. Esquel Group's goal is to. Overview of key events: Company evolution including company history and key event Do we constantly move from one location to another chasing low cost labour? Company Headcount: List of key employees as well as the headcount of the company, hierarchy Founded in 1978, Esquel was privately owned by the Yang family and had become one of the world's largest cotton-based textile and apparel manufacturing companies, producing more than 100 million shirts annually since 2012. Esquel Group (Hong Kong) Launching a Sustainable Mask Amidst a Public Health Crisis January 2021 Extraordinary Endeavors in Turbulent Times: Asian Innovation, Inclusion, and Impact during COVID-19 A Joint Report by the Asia Business Council and the Hong Kong University of Science and Technology Other case studies in the series Moreover, data from free sources is not as complete and concise as the information from digitGaps, 5.1 digitGaps aggregate and package content from multiple, and disparate providers. #Esquel #makingadifference #lunarnewyear, In Esquel, we promote the concept of "Fun People Serving Happy Customers" through trust and respect. She believed that switching to lean production was the right response to rapid market changes, to achieve quality and agility. Departments of Commerce, State, Defense, Energy, and Treasury. 5 to Part 744 - Procedures for End-User Review Committee Entity List and 'Military End User' (MEU) List Decisions", "Hong Kong shirtmaker Esquel Group resumes lawsuit in bid to remove Xinjiang unit from US forced-labour sanctions list", "Why A Chinese Clothes Maker Rejects Cheap Labor And Goes Green", https://en.wikipedia.org/w/index.php?title=Esquel_Group&oldid=1124103049, Articles containing Chinese-language text, Articles containing traditional Chinese-language text, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 27 November 2022, at 10:03. Esquel Expands Capabilities to Ensure Better Quality Morgan, Lewis & Bockius LLP. Workers suspect that the factories will be reopened with new owners, but fear that union members and supporters will not be rehired. #Esquel #integral #makingadifference #greentextiles #innovation #technology, Our annual dinner in Hong Kong was successfully held last Saturday. Esquel Group | LinkedIn Among the initiatives introduced to benefit its supplier community, for instance, is a micro-financing programme for cotton farmers in the Xinjiang region of China. Please wait while the search results are loading Esquel Group of Companies is one of the worlds largest producers of cotton shirts. Financial and Economic Overview: Current financial and economic ratios consider past 5 years quarterly, semi-annual, annual financial statements But what we are trying to do is link the productivity improvement with the net take-home pay of our workers. Devote space to photographs, infographics and other compelling visual elements. The approximately 300 workers who did not agree to resign are legally obliged to stay on the payroll until the Commissioner General of Labour rules on the termination of their employment contracts, but have had their annual bonuses cut, in violation of earlier agreements reached with the union, in a clear act of retaliation by Esquel. Primary research via qualitative and quantitative research
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