All our reports come with 10% customization at no extra cost Few companies have taken that sentiment to heart more than the Esquel Group, a vertically integrated multi-national textile manufacturing company based in Hong Kong. Koggala factory garment workers during a work stoppage in November 2021, Statement on the closure of two Sri Lankan factories amid severe financial crisis. Companies product/service/brand portfolio analysis The two Koggala factories have been non-operational since 15 March. From there, we also illustrated how people work harmoniously with nature. This analysis will help you track important events of the company This report contains Esquel Group Limited company and market share data which will help you understand the detailed picture of company's financial position. Company share by region and sector, and company structure This process has been going on for over 1.5 years, and now is the time for all the other actors engaged to step up and make sure an agreement is negotiated with the FTZ-GSEU, says Ineke Zeldenrust, Clean Clothes Campaign International Coordinator. The next thing we are doing with these cotton farmers is teaching them online banking, so instead of giving them cash when they sell us the cotton, we are transferring the money online.. Offering the education necessary to elevate these skills is also something Esquel has taken on board. The layout design reflected a traditional folder with the right side as navigation tabs for each of their Sustainability Pillar. The jury of the Awards praised Integral for its efforts to minimize impact on the natural surroundings and context and believed that the quality of Integrals internal working environment has set a high industry standard. 3Q: Esquel Group - Making Impact Through Innovation This report contains Esquel Group Limited company and market share data which will help you understand the detailed picture of companys financial position. I am very impressed, I have to say! Guilin, Guangxi, China - Researched energy-conscious initiatives to be . In-depth analysis performed to produce this report will give you a clear and unbiased view of the company's strategy and growth prospects. Esquel Enterprises Limited | HKTDC Sourcing digitGaps Custom Research solution is tailored and optimized in a unique way to meet our customers specific needs. Annual report (Red and Black design) - templates.office.com The company also has its own retail brands PYE and Determinant. Esquel Group | 11,811 followers on LinkedIn. Stay tuned to hear more from us about our sustainability journey. With 57,000 employees across the globe and state-of-the-art production facilities in China, Malaysia, Mauritius, Sri Lanka and Vietnam, Esquel manufactures over 100 million . #Esquel #MakingADifference #lunarnewyear2023, Leaping into the Year of the Rabbit, we wish you a wonderful new year. 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. Esquel Group 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. From there, we created the first natural dye garden in China. Annual Report - Overview, Contents, Types of Users While there are hundreds of freely available sources of business information, the quality and completeness of this information vary, and it is often difficult and time-consuming to pull together information from these sources. [8] In August 2021, Esquel was removed, with conditions, from the Entity List by the inter-agency End-User Review Committee, which is composed of representatives from the U.S. Pay via Invoice/Credit Card/Debit Card/ACH/SEPA/Direct Debit or Bank Transfer. 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. Esquel Group, one of the world's largest garment producers and supplier for such brands as Tommy Hilfiger, Patagonia and Nike, said it has written to the US Commerce Secretary Wilbur Ross to. Procurement & Business Strategy Director - Asia Pacific at Hallmark Cards. That ruling remains pending. #Esquel #MakingADifference #Lunarnewyear2023, Its great to meet our Esquelers after the holiday! Liked by Edgar Tung. Esquel Group - 14845 Words | Studymode This annual report matches the Red and Black design set. Please wait while the search results are loading Esquel Group of Companies is one of the worlds largest producers of cotton shirts. (business & personal). In addition, there will often be graphs or charts included, helping break down the financials into easily readable information. It is our honor to have received the "Top 10 Happiest Company to Work for Award" and the "CHO People Transformation Award" in the #CHOAppreciationAwards2022. They are also calling onSri Lankas Commissioner General of Labour to provide reemployment guarantees for the workers who lose their jobs as a result of the factory closures. ESQUEL GROUP SUSTAINABILITY UPDATE 2020 - United Nations Global Compact The financial ratios available in our reports also include revenue trends, growth, profitability, margins, and returns, financial position, liquidity and leverage and efficiency ratios [5], In July 2020, the United States Department of Commerce placed a Hong Kong-based subsidiary of Esquel Group on the Bureau of Industry and Security's Entity List for alleged use of forced labor of Uyghurs in Xinjiang. You will get an exact picture of companys core strengths and weaknesses. Hero Financial Annual Report - Heromotocorp The carbon footprint analyses of our proprietary assets and the EU Taxonomy disclosures have been incorporated in the Annual Report as of this year. Need a customized "Company Intelligence" or "Industry Research" report? Hong Kong-based Esquel Group, one of the world's largest shirtmakers, sued the US government on Tuesday, a year after a subsidiary was prohibited from buying US supplies over allegations it. The company also manufactures and retails mens and ladies dress shirts, sport shirts, and woven and knitted tops; accessories that includes buttons, labels, and handtags; and packaging materials such as plastic and paper bags, stickers, and carton boxes. director at Opulent Textiles Corp Sdn Bhd. digitGaps provide you the detailed information on major recent deals. [11], Most of the company's manufacturing facilities are in China. Esquel Group NN Group's Annual Report is available for download at www.nn-group.com/annual-report. Our company research profile will give you information on deals segmented by regions, year, business and type for a period of 5 years Request now, Explore subscription: 1.5 million+ company and industry intelligence reports, Esquel Group Limited Business Description, Esquel Group Limited Industry Classifications, Esquel Group Limited Number of Employees, Esquel Group Limited Other Locations (domestic and international), Esquel Group Limited Current and Pending Investors, Esquel Group Limited Major Products and Services, Esquel Group Limited Company Tree / Company Hierarchy, Esquel Group Limited Legal Structure and Ownership, Esquel Group Limited Corporate Timeline, Esquel Group Limited Corporate Strategy, Esquel Group Limited SWOT Analysis - Overview, Esquel Group Limited Competitive Positioning, Esquel Group Limited Business Descriptions of Competitors, Esquel Group Limited - Key Executives Biographies, Esquel Group Limited - Board Members Biographies, Esquel Group Limited - Key Operational Heads, Esquel Group Limited Current Capitalization, Esquel Group Limited Capital Market Ratios, Esquel Group Limited Mergers and Acquisitions, Esquel Group Limited Deals and Alliances, Esquel Group Limited Partnerships and Investments, Esquel Group Limited Deals by Year (YTD), Esquel Group Limited Deals by Type (YTD), Esquel Group Limited Deals by Region (YTD), Esquel Group Limited Deals by Sub-sector (YTD). Note: Some sections of this report may be missing if the data is not available for the company. Select Accept to consent or Reject to decline non-essential cookies for this use. The company's operations are vertically integrated, from producing cotton, buttons, and packaging to design and manufacturing. Learn more in our Cookie Policy. Esquel Group | LinkedIn digitGaps report on Esquel Group Limited delivers a detailed in-depth and comprehensive insights of the company, its history, corporate strategy, its businesses and structures, and company operations by examining its performance in local market and global economy. digtiGaps 2018. Otto Group Annual Report 2018/19. esquel-report[1][1].4july by Civic Exchange - Issuu Group annual report - Risk and governance report PDF (5.11 MB) Group annual report - Annual financial statements PDF (4.71 MB) Group annual report - Remuneration report PDF (4.69 MB) Investec Group sustainability report PDF (11.79 MB) Investec Limited annual report . [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. Each Sustainability Pillar was specifically color and pattern coordinated., WeSuperseed combined the concept of line art and Traditional Chinese painting as an extension of the company visual identity, to accompany the factual content of the annual report a juxtaposition of their modern developments while maintaining their heritage.. Press release. See the answers, explore popular topics and discover unique insights from Esquel Group employees. Esquel Group May 2014 - Aug 2014 4 months. 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. Most of the times the information our customers are looking for is not readily available in an off-the-shelf market research publication. View or download our Annual Report 2021-22, along with previous years reports showing our financial performance over the past 18 years. The websites front & backend also needed to be easily updated on a yearly basis. [12], Its operations in China like the rest of the textile industry in China have faced the constant pressure of rising labor costs and stricter environmental regulation. 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 . fThe privately-owned company was one of the leading cotton apparel and textile manufacturers in the world The company employed 47,000 people and manufactured 60 million shirts a year. An annual report is a corporate document disseminated to shareholders that spells out the company's financial condition and operations over the previous year. The company had requested permission from the Commissioner General of Labour to terminate the workers' contracts. Sign up for a free account. It was not until legislation was. Popular questions Work from Home In Esquels case, it is definitely the latter. [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. Share your feedback. [3], Its head office is in Harbour Centre[zh] (), Wan Chai. Congratulations Margie & Teresa, Ron & Bryant! Teething issues such as inconsistent procedures and uneven cycle times per machine caused colleagues to grumble from the unstable workload. Esquel's Commitment to Xinjiang As a knowledge-based innovation company, Esquel Group operates through our distinct business groups. The traditional retail price is usually marked up four to eight times at the consumer level, so assuming a shirt sells at a retail price of US$140, the true cost of $25 includes manufacturing, raw materials, labour, duties and transportation, logistics. Michael Oppenheim, Collections & Reference Services, UCLA. Otto Group Annual Report 2019/20. to allegations of forced labor. Legal Structure and Ownership: Synopsis on companys shareholders outlining the legal structure and ownership 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. [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]. But Yang says making a difference is as key as making profits. View full 2021 Annual Report. digitGaps company reports will get you an access to information that enables you to build strategies accordingly so that you can transform your operations to gain maximum profits Esquel harnesses technology to transform its operations and commercialize its innovations. Devote space to photographs, infographics and other compelling visual elements. A recent ICC report highlights that there remains considerable possibilities for trade to play a more significant role in achieving the Paris Agreement targets . Looking for a particular Esquel Group employee's phone or email? [2] Esquel supplies textile to companies such as Li Ning, ANTA Sports, Fila, Giordano, Muji. The more I get into the database, the happier I am that well have itREALLY happy!!! Search over 700 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. Esquel Group Sues Department Of Commerce Over Erroneous Inclusion On U China, European Union, United Kingdom, USA . US judge rejects Esquel Group's request to remove Xinjiang unit from Margie Yang on LinkedIn: More good news | 19 comments We had the privilege of working with them to revamp their annual Sustainability Report website. We care for our employees. All rights reserved. on 2021 Annual Report. 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. #reusablepackaging #sustainability #plasticwaste #food, Director (Legal Recruitment) at Okumura Partners Limited. 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 . Lets take the opportunity to explore the beauty of Integral through this Chinese New Year greetings series. Bridging the gap in sustainable trade & finance Over the past year and a half, international brands have been ending their business relationship with EsquelSri Lanka because of US trade sanctions against its parent company, the Esquel Group, for its links to forced labour in Xinjiang, China. Jul 06, 2021, 12:00 ET. There are also companies nearby wanting to use the app, so we are opening this platform to other companies., Talking about apps, we actually have factory workers writing mobile apps, and have received over 1,000 applications for different ideas., As well as focusing on people and the planet, we also think it is very important to look at the product we develop., Take a T-shirt: the bleaching process uses a lot of chemicals, but since we are producing our own cotton and yarn, if we carefully select the cotton fibres that are whiter in colour we can actually reduce the bleaching process.. Strengths of Esquel Group Integrating Business Strategy and Corporate Social Responsibility is the first element of the SWOT matrix. 4. Over the years, Esquel has grown from a shirtmaker to a total solutions provider in textiles and apparel, a curator in industrial . Company offerings: Details on a list of companys major products/services/brands Esquel Group Limited was founded in 1978 and is based in Wanchai, Hong Kong. They report that some major employers in the sector are already refusing to hire former Esquel workers affiliated with the Free Trade Zones & General Service Employees Union (FTZ & GSEU). You might think this is counter-intuitive, because if you increase the cost you are not earning as much. 9.4.The inability of Jamaica to adequately control corruption as shown in Fig. Esquel is a knowledge-based innovation company that continuously pushes for positive change in the textile and apparel business,. 927 were here. Since then, the companies have been doing subcontracting for local manufacturers. Teams of colleagues competed in the Fai Chun Writing Contest, which allowed them to unleash their creativity and strengthen their bonding in between. Esquel Group case study .docx - STANFORD CASE STUDY (ESQUEL Lorem ipsum dolor sit amet consectetur adipisicing elit. Accounting Mini-series. Esquel Group on LinkedIn: #esquel #makingadifference #45thanniversary # Fairmont PD001--552. On Thursday, Esquel said since the subsidiary ended up on the blacklist, the company "lost a significant portion of its annual revenue totalling hundreds of millions of dollars" that has. One white T-shirt developed by the company and currently on sale in its stores uses 84% less water, 85% less chemicals, and 17% less energy than comparable products. Our report will get you access to elaborate information on the companys financial deal which will help you understand key deals. Otto Group Annual Report 2020/21. Registered in the State ofDelaware. Esquel is also developing and nurturing two of its own retail brands of high quality shirts - PYE and DETERMINANT.. Its going to be a win-win situation if your incentives are going to be linked to productivity improvement.. Esquel Group's Post . Esquel is doing everything they can to close their facilities without paying workers in full, and to punish the unionized workers in the process. Journalist coverage / News stories Annual Report View In PDF DIGITAL VERSION. Esquel is a manufacturer and supplier of apparels for men and women. Lorem ipsum dolor sit, amet consectetur adipisicing elit. Also tapping into its future vision is research and development into automation, because now the development of technology has got to a point where its much cheaper to replace some of the manual work by automation and robots., On our factory floor you will see a lot of robotic arms in operation; you will see drones, automatic guided vehicles, and one worker simultaneously working on a few machines, easily improving the productivity of workers by two or three times.. Detailed intelligence on Competition: Insights on key competitors 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. Esquel Group is one of the few large textile manufacturing groups to do so. If you can't read this PDF, you can view its text here. Even so, Ms. Tang stayed focused on her vision. Colleagues showed their talents through stunning performances. The textile and clothing industry is the second largest polluting industry in the world after oil; it takes 5,000 gallons of water to produce a T-shirt and pair of jeans; 2.5bn tons of wastewater is generated annually by the industry in China alone; the sector accounts for 17-20% of the worlds industrial pollution; and 12.8m tons of textile waste is discarded each year. This button displays the currently selected search type. Esquel Group's headquarters is located in London, England, GB W1U 3RF. She believed that switching to lean production was the right response to rapid market changes, to achieve quality and agility. We empower Esquelers to make their decisions, unleash their potential, and build a positive and respectful working environment by adopting our #eCulture. Once purchased, digitGaps client support team will deliver the report in PDF format. 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. Founded in 1978, Esquel Group has grown to become one of the largest cotton-shirt maker and exporter in the world. Company Overview. It determines the business's reach to the target market and ensures the easy accessibility. SDG 6: Ensure availability and sustainable management of water and sanitation for all. Esquel Sri Lanka operates two additional facilities, Ekala and Kegalle. 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. Compare your subscription options for market research, forecasts and Over the years, Esquel has grown from a shirtmaker to a total solutions provider in textiles and apparel, a curator in industrial . Defects dropped to almost zero while the compact U-shaped layout of the production line shortened the handling distance of a work piece from 240 meters to 5 meters, and overall production time was slashed from 6.4 days to 3.5 days. Information on new product development/services as well as marketing and distribution strategies, 4.2 Esquel Group Limited SWOT Analysis profile will help you gain knowledge upon: So if you can use less time, generate higher output, we are going to give you more money. The farms supply spinning, dyeing and knitting facilities that produce high-quality cotton fabric. If you think about a robotic arm as your hand, you also need a pair of eyes to try to assess the fabric position. Mergers and Acquisition/Deals & Alliances/ Partnerships & Investment: Information on historical, current/projected merger and acquisitions, deals, partnerships, alliances and investments We are not trying to drive purely the input, we are trying to measure the output in order to create a workforce that is more sustainable.. digitGaps custom research services are customer driven. Subsidiary of world's largest shirtmaker put on U.S. blacklist over Looking to the future, however, is when the companyreally raises the bar on sustainability. Our report is a guide for you to get potential investments and acquisition targets. #Esquel #MakingADifference #lunarnewyear2023, Spreading joy and good luck through Chinese calligraphy! The company also has a collection of plant-based natural dye products that reduce chemical usage by 60%, water by 43%, and steam by 41%, it says. Tessie was invited as the keynote speaker to share how the transformation of the textile industry connects closely with sustainable development. Corporate websites When expanded it provides a list of search options that will switch the search inputs to match the current selection. As strong advocates of sustainability, we love seeing large corporations taking responsibility to ensure their business is as sustainable as possible. Workers suspect that the factories will be reopened with new owners, but fear that union members and supporters will not be rehired. million verified professionals across 35 million companies. Should this video be a part of your PLM Materials Library in addition to the U3M file? We provide quality employment and improve the livelihood of the communities in which we operate. Esquel Group - WeSuperseed 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? Analysis of prospects, locations and subsidiaries Request Custom Company Research Report Here: https://digitgaps.com/custom-research/. Esquel Group Limited research report contains the following information which will give you clear and full picture of the business landscape, potential customers, competitors and suppliers. Over the course of the past 10 years weve managed to reduce the energy consumption by 45% per piece of garment produced; and reduced the water consumption overall by 64%.. We are especially trying to push Plunkett since all of our students have to do so much industry research and your interface is so easy to use. Key personnel information with biographies digitGaps is presenting this report to you to understand companys key strengths, weaknesses, potential opportunities, and threats. #Esquel #integral #makingadifference #greentextiles #innovation #technology, Our annual dinner in Hong Kong was successfully held last Saturday. It's a great pleasure for us to join the Green Textiles, Innovation and Technology Forum and Exhibition today. When Assistant Tang Xiaofang wanted to use a new lean approach to set up a different hangtag production line at Esquels accessories team in China, her colleagues shared their doubts, such as Why do we have to change how weve always worked? Yet, Ms. Tang remained undeterred, as she recognized how striving towards a lean continuous flow in production would bring about Excellence one of Esquels eCulture principles. Responsible Labor Report: 2022-2023 - Lexology Delicious food from Seoul Bros as always Esquel Integral Project | Shared Value Initiative Hong Kong The approximately 2,000 workers at these facilities also face unsure futures as both leases run out by end of this year. Looking for a particular Esquel Group employee's phone or email? Management Team: Names, Profiles, Information on key personnel managing the business, heading key departments and function with their employment history and executive biographies The firms vertically integrated operation starts in China where it oversees cotton farms. This is essentially improving the quality of employment; people nowadays talk about a work-life balance, they dont want to work on a factory floor all the time. Some types of businesses must prepare and file an annual report by . [3] Its head office is in Harbour Centre [ zh] (), Wan Chai. 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. The case is still pending. Financial Reports - CLP Group Overview of key events: Company evolution including company history and key event Approximately 1,000 workers who agreed to resign have filed a legal case against the company with the labour authorities. For more details, please read the article here. Congratulations Margie to you and your team on this well-deserved recognition. Buying this report will assist you to gain key insights into the happenings around companies business and academic research 5,53 MB. The average loan amount is CNY15,000 (US$2,254) and there have been zero defaults since its launch. Brand Strategy Brand Identity Storytelling Animation Illustration Website Design & Development. Our annual dinner in Hong Kong was successfully held last Saturday. Civic Exchange is a company with limited liability and a registered charity in Hong Kong. This report will also present the historical, current and projected merger and acquisitions, financial analysis, deals and alliances, partnerships and investments of the company, news, competitors, and key executives profiles. This button displays the currently selected search type. Forced Labor: Hugo Boss Buys From Company Tied To Xinjiang - BuzzFeed News