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. 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 Group ( Chinese: ) is a Hong Kong-based textile and apparel manufacturer. Lets take the opportunity to explore the beauty of Integral through this Chinese New Year greetings series. Lets kick start our work at full strength! Esquel's vertically-integrated operations, extended from cottonseeds to shirts, ensure the highest quality in every step of the apparel manufacturing process. This is also a very hot area we are investing in.. For more details, please read the article here. 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. But what we are trying to do is link the productivity improvement with the net take-home pay of our workers. Deals mentioned in our company research report will help you understand corporate strategy from the companys core business segment perspective We strive to achieve One Esquel One Team through our happiness culture! You might think this is counter-intuitive, because if you increase the cost you are not earning as much. 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. In-depth analysis performed to produce this report will give you a clear and unbiased view of the company's strategy and growth prospects. The two Koggala factories have been non-operational since 15 March. 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). Civic Exchange is a company with limited liability and a registered charity in Hong Kong. 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. 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). Understanding the companys business segment expansion or their asset divestment The carbon footprint analyses of our proprietary assets and the EU Taxonomy disclosures have been incorporated in the Annual Report as of this year. Stay tuned to hear more from us about our sustainability journey. So if retailers mark-down 25% (or more) it can easily be the same as the cost of all the labour and the materials combined. 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. [3] Its head office is in Harbour Centre [ zh] (), Wan Chai. 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. Our company profiles cover most of the major public and private companies globally, 4.1 Buying this report will enable you to get detailed company information and its operations including: 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.. Latest Update: High and low-level overview, current news and information, due diligence on business practice, and business partners. 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 . That ruling remains pending. Boston Consulting Group estimates that more than $22 trillion worth of goods flow across the world every year, a figure expected to reach almost $35 trillion by the end of the decade. 13Hong Kong, Hong Kong 999077 Hong Kong. - Planning and developing merchandising strategies - Preparing quarterly sales report, buying and capacity analysis. Esquel Group's goal is to. Annual Report View In PDF DIGITAL VERSION. There was an inspiring and insightful session shared by Marjorie, our Chairman, in her discussion with Professor Christopher Tang, Faculty Director of UCLA Anderson School of Management, and Professor Heiwai Tang, Director of Hong Kong Universitys Asia Global Institutes. Procurement & Business Strategy Director - Asia Pacific at Hallmark Cards. That ruling remains pending. Delicious food from Seoul Bros as always Company share by region and sector, and company structure million verified professionals across 35 million companies. Should this video be a part of your PLM Materials Library in addition to the U3M file? #Esquel #makingadifference #45thanniversary #annualdinner, May the full moon bring you a joyful home and a successful future! Note: Some sections of this report may be missing if the data is not available for the company. On-demand/custom research company analysis request can also be availed Over the past 1.5 years, we have tried to negotiate in good faith for an agreement to ensure fair compensation and a re-employment plan with both Esquel and their buyers, who continued to profit while workers suffer, saysAnton Marcus, Joint Secretary, Free Trade Zones & General Services Employees Union. The financial ratios available in our reports also include revenue trends, growth, profitability, margins, and returns, financial position, liquidity and leverage and efficiency ratios Analyst research View or download our Annual Report 2021-22, along with previous years reports showing our financial performance over the past 18 years. on 2021 Annual Report. Also, it will help you qualify prospective partners, affiliates or suppliers Congratulations Tessie and Bryant! Fairmont PD001--552. Our annual dinner in Hong Kong was successfully held last Saturday. Were looking at the education level of our supervisors as a KPI that we need to constantly improve. Esquel Group was founded in 1978. 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. From there, we also illustrated how people work harmoniously with nature. Departments of Commerce, State, Defense, Energy, and Treasury. The layout design reflected a traditional folder with the right side as navigation tabs for each of their Sustainability Pillar. Colleagues showed their talents through stunning performances. Esquel is doing everything they can to close their facilities without paying workers in full, and to punish the unionized workers in the process. Overview of key events: Company evolution including company history and key event 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. Many thanks to Lucy Cromwell and Jiwon Choi for kickstarting this fantastic opportunity and we look forward to making these reusable lunches more frequent! 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.. {{ userNotificationState.getAlertCount('bell') }}. TER, un acronyme d'actualit quand nos consciences nous appellent prserver la . At Esquel, we seek to provide quality employment that creates opportunities for all. 13,192 followers 1w Report this . With manufacturing operations across five Asian countries, Esquel produces 100 million garments annually. - Assisted in determining 2017 Flight CO2 Emissions to be contributed to the Annual CSER Report - Energy tracking to Robert Redford Conservancy to achieve ILFI ZNE Certification - Project Coordination work for Google: Bay View . This button displays the currently selected search type. Tessie was invited as the keynote speaker to share how the transformation of the textile industry connects closely with sustainable development. . We provide you detailed insights of the companys strategic, financial and operational performance All pre-sales and post-sales queries are addressed by our analyst If you can't read this PDF, you can view its text here. Integral was also selected as a finalist for the Special Architectural Award (Architectural Sustainability Category). Esquel Group | 11,811 followers on LinkedIn. Esquel Group's Post . Congratulations Margie & Teresa, Ron & Bryant! Do you think this impacts the way the group is . Esquel's Commitment to Xinjiang As a knowledge-based innovation company, Esquel Group operates through our distinct business groups. Esquel has a long history of union busting and discrimination against union activists. The websites front & backend also needed to be easily updated on a yearly basis. The firms vertically integrated operation starts in China where it oversees cotton farms. Looking for a "Syndicated, Qualitative or Quantitative Market Research Solution? Offering the education necessary to elevate these skills is also something Esquel has taken on board. Workers suspect that the factories will be reopened with new owners, but fear that union members and supporters will not be rehired. Over the years, Esquel has grown from a shirtmaker to a total solutions provider in textiles and apparel, a curator in industrial . Otto Group Annual Report 2018/19. Esquel Group (Chinese: ) is a Hong Kong-based textile and apparel manufacturer. Purchase this report to inform your strategy, marketing, planning, sales and competitor intelligence functions, thus enabling you to formulate strategies that augment your business. 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. When Esquel started tracking its energy and water consumption back in 2005, there was no industrial benchmark to follow, so it set out its own reference point based on the unit consumption it takes to produce one piece of garment. Civic Exchange Aims Organizations create impacts at various. digitGaps Custom Research solution is tailored and optimized in a unique way to meet our customers specific needs. 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. Our prime source of information for generating this report is gained by primary research (qualitative and quantitative research), paid subscriptions, and desk/secondary data sources, which is then analyzed by our experts in order to present this vast data, information in an easily accessible consistent format. Primary research via qualitative and quantitative research #Esquel #makingadifference. Esquel Group Jul 2012 - Sep 2015 3 years 3 months. Please wait while the search results are loading Esquel Group of Companies is one of the worlds largest producers of cotton shirts. 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. China, European Union, United Kingdom, USA . The company had requested permission from the Commissioner General of Labour to terminate the workers' contracts. An intro animation was created featuring their unique vertical integrated business model, from farming and processing cotton, all the way to stitching and developing high quality textiles. 4. 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 5 years 3 months Lean and Industrial Engineering Executive Jan 2019 - Mar 20212 years 3 months Amata IZ, Bien Hoa city, Dong Nai province, Vietnam Dual reporting to Factory Manager. #3ddesign #DPC #digitaltwin, Senior CSR & Sustainability Manager at foodpanda, Another successful lunch & learn experience at Colliers with more than 100 foodpanda reusable boxes! [2] Esquel supplies textile to companies such as Li Ning, ANTA Sports, Fila, Giordano, Muji. Lorem ipsum dolor sit amet consectetur adipisicing elit. PDF. Legal Structure and Ownership: Synopsis on companys shareholders outlining the legal structure and ownership 9.3 might be a plausible reason for the disparity in economic growth as the data suggest that Mauritius has been more politically stable and has more . [12] The company has strategy of upgrading or opening new facilities with better automation to counter the competitive pressure of rising wages. The company had requested permission from the Commissioner General of Labour to terminate the workers contracts. Set in the scenic landscape of Guilin, Integral is our Sustainable Development Garden that showcased our commitment to sustainability. #Esquel #MakingADifference #lunarnewyear2023, We are the true agent of change. . Esquel is a knowledge-based innovation company that continuously pushes for positive change in the textile and apparel business,. Elton PD001--1463 Company Overview. Gain access to more than 1 million monopolized company profiles on a single platform #Esquel #MakingADifference #sustainability, Usher in the Lunar New Year! Esquel Group is one of the few large textile manufacturing groups to do so. Project Coordinator Social Alliance Communications Consultancy . 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.. This button displays the currently selected search type. Apart from quarterly updates, all our reports are updated prior to delivery. Strengths of Esquel Group Integrating Business Strategy and Corporate Social Responsibility is the first element of the SWOT matrix. These fresh talents received one year of basic skills training before undergoing a simulation workshop to acquire hands-on experience of different production scenarios. SDG 6: Ensure availability and sustainable management of water and sanitation for all. A special showcase is Integral, our sustainable development garden in Guilin. Morgan, Lewis & Bockius LLP. This report provides a case study of The Esquel Group (EG), a prominent, Hong Kong-based textiles and garments manufacturer. 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. It was not until legislation was. 2. Company offerings: Details on a list of companys major products/services/brands The closures are taking place at a time of severe economic crisis in Sri Lanka in which people, including garment workers, are facing a rapid rise in their cost of living, shortages of electricity, food and other necessities, and a declining value of the national currency. Between the quality and affordability of your product, its appeal to and value for our users, and the inestimably ethical and loyalty-guaranteeing conduct of your business, I will always have more than sufficient praises to sing for Plunkett Research. This report will also provide you with the target companys key financial metrics and ratios The case is still pending. Director, Derby Entrepreneurship Center @Tufts | Corporate Innovation Consultant | Keynote Speaker and Author, Senior Business Consultant at Organicoguru Lanka (Pvt) Ltd. Congratulations ! 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. This button displays the currently selected search type. Fond memories remain of my time in Hong Kong . But its focus is not on the cost of this labour, rather the productivity they can generate. The two Koggala factories have been non-operational since 15 March. Lets go the extra mile with a year full of celebrations and breakthroughs for Esquel. 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%. I haven't really watched much of The Apprentice (ever or this time around), and I appreciate that it's obviously all in aid of making "good TV" but if someone was consistently bringing such hopeless candidates through screening to shortlist interview stage you'd start to question both their business sense and how good a judge of character they are. Looking for a particular Esquel Group employee's phone or email? Learning comes from doing. Esquel is a manufacturer and supplier of apparels for men and women. 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. Brand Strategy Brand Identity Storytelling Animation Illustration Website Design & Development. A recent ICC report highlights that there remains considerable possibilities for trade to play a more significant role in achieving the Paris Agreement targets . Secondary / Desk Research Request a price quote A Representative List of Organizations that Have Used our Research and Products: 100,000 Industry Statistics 500 Industries Analyzed for Market Size, Profits and Forecasts 150,000 Industry Executives Profiled 25,000 Companies Profiled, Ranked and Analyzed 1,000 Vital Trends Analyzed, totaling 1,000,000 words Basic ", Didn't find the company in our repository? In seeking support for this Study, Civic Exchange aimed to work with organisations that have already taken positive steps towards sustainability so that these efforts could be examined and shared with a wider audience. View our 2022 Interim Report. Esquel Group is one of the few large textile manufacturing groups to do so. Detailed intelligence on Competition: Insights on key competitors 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: 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. 6,10 MB. Esquel Group Limited was founded in 1978 and is based in Wanchai, Hong Kong. Company Headcount: List of key employees as well as the headcount of the company, hierarchy 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. Entity List. Esquel Sri Lanka operates two additional facilities, Ekala and Kegalle. 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. Its clientele include Abercrombie & Fitch, Jack & Jones, Gant, Hugo Boss, Lacoste, Ralph Lauren, Tommy Hilfiger, and Nautica. Founded in 1978, Esquel Group is a global textile and apparel manufacturer with a vertically integrated supply chain that straddles from cotton farming to retailing. No credit card required. We typically pull content from a variety of sources including: Over the years, Esquel has grown from a shirtmaker to a total solutions provider in textiles and apparel, a curator in industrial . The firm's vertically integrated operation starts in China where it oversees cotton farms. This report contains Esquel Group Limited company and market share data which will help you understand the detailed picture of companys financial position. 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. Corporate websites In addition, there will often be graphs or charts included, helping break down the financials into easily readable information. I really appreciate the depth you were able to get to so quickly (for our project). Congrats Margie to you and your Esquel team, and to Ronald as well! This is the model were trying to aim for: were going to use less people, were going to use people who are better educated, were going to have zero discharge, and were going to use a lot of automation and data to try to create value., Apparel sourcing and textile industry news & analysis, Inflation hits Vietnams apparel, footwear sectors as China reopens, Two years post-military coup: Myanmar garment sector battles instability, poverty, Can the EU garment sector survive the energy crisis challenge, Kelheim Fibres, Recycling Atelier Augsburg team to drive green fibre development, AAFA, IAF sign MoU for industry collaboration, Texworld sourcing show heads to Los Angeles, ETI backs IndustriALL framework for responsible Myanmar exit, Higg Brand & Retail Module revamped to accelerate industry green transition, Modern Meadow, Singtex team on sustainably developed outdoor wear, Australian PE firm Anchorage Capital acquires David Jones from Woolworths, Global Fashion Group exits Russia following Lamoda sale, Leading digital transformation software providers for the apparel industry, Leading artificial intelligence (AI) companies for the apparel industry, Leading cloud computing companies for the apparel industry, second greenest textile supply chain in China, Delivery Innovation in Apparel - Thematic Research, Wearable Technology in Apparel - Thematic Research, Strategic Focus Report Communications & Collaboration, Strategic Focus Report: Communications & Collaboration, The Hong Kong Research Institute of Textiles and Apparel Limited, Inflation hits Vietnam's apparel, footwear sectors as China reopens, Top opportunities for manufacturers in the fashion industry today. They will also be responsible for calibrating the machines like a technician.. Key personnel information with biographies Wendy Stotts, Manager, Carlson Companies-Information Center. This analysis will help you track important events of the company It will enhance your understanding of internal and external factors which might impact your industry 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. 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. 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. This report contains Esquel Group Limited company and market share data which will help you understand the detailed picture of company's financial position. It provides us with an overall analysis of the market, key statistics, and overviews of the major players in the industry in an online service that is fast, easy to navigate, and reliable. 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. I am very impressed, I have to say! The firms vertically integrated operation starts in China where it oversees cotton farms. SWOT Analysis: Company information detailing strengths, weaknesses, opportunities, threats, growth strategies, investments signal key strategic targets, challenges, and objectives to allegations of forced labor. PDF. Entering a new mode of production was challenging, but I felt driven to excel in it, Ms. Tang said. By way of explanation, he sets out some alarming numbers. The third panel invited long-time business leaders to share their experiences and insights regarding the role of corporations during these times of. 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.
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