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. 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. 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. The geographic presence in different regions can act as one of the major strength of the organisation. Company offerings: Details on a list of companys major products/services/brands 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. 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. Annual reports typically include information regarding its future . #reusablepackaging #sustainability #plasticwaste #food, Director (Legal Recruitment) at Okumura Partners Limited. Koggala factory garment workers during a work stoppage in November 2021, Statement on the closure of two Sri Lankan factories amid severe financial crisis. 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. Details: Hong Kong-based Changji Esquel Textile Co. Ltd, one of the companies placed on the U.S. entities list, is headquartered in Urumqi and is owned by Esquel Group. The Esquel Group is one of the worlds largest shirt manufacturers with a huge domestic market in China. The farms supply spinning, dyeing and knitting facilities that produce high-quality cotton fabric. Great team work & great achievements. [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. Search over 700 Esquel had made a name for itself by making high-quality cotton Outlook for Future Years. 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. Ces valeurs sont T ransparence, E xcellence et R entabilit. It will enhance your understanding of internal and external factors which might impact your industry [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. We provide you detailed insights of the companys strategic, financial and operational performance Our company research profile will give you information on deals segmented by regions, year, business and type for a period of 5 years When expanded it provides a list of search options that will switch the search inputs to match the current selection. [11], Most of the company's manufacturing facilities are in China. There is a call for computer vision. Our office complex in Integral reimagined workspace built for teamwork and productivity. SDG 6: Ensure availability and sustainable management of water and sanitation for all. The approximately 2,000 workers at these facilities also face unsure futures as both leases run out by end of this year. Up to 5 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.. Divided into different faculties business and management, design, humanity and social sciences, science and engineering to try to train people in different perspectives, the curriculum includes online courses, experience sharing, visits and rotation programmes. 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. This report contains Esquel Group Limited company and market share data which will help you understand the detailed picture of company's financial position. Fairmont PD001--552. Through our company profiles, you can recognize potential partners and suppliers. Enter employee name to find & verify emails, phones, social links, etc. 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: Following our feature video from Guilin, Edgar Tung, incoming CEO of Esquel Group, announced Esquel's Pledge to Net Zero. In-depth analysis performed to produce this report will give you a clear and unbiased view of the company's strategy and growth prospects. That ruling remains pending. Esquel Group Limited was founded in 1978 and is based in Wanchai, Hong Kong. The two Koggala factories have been non-operational since 15 March. The websites front & backend also needed to be easily updated on a yearly basis. 2. Esquel Group is one of the few large textile manufacturing groups to do so. Brand Strategy Brand Identity Storytelling Animation Illustration Website Design & Development. View our 2022 Interim Report. At Esquel, we prioritize investment in the growth and well-being of our employees. - 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 . #Esquel #makingadifference #lunarnewyear, In Esquel, we promote the concept of "Fun People Serving Happy Customers" through trust and respect. 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. Guilin, Guangxi, China - Researched energy-conscious initiatives to be . 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. An annual report is a document that contains comprehensive financial information about public companies, small and large corporations, non-profit organizations, partnerships, and other businesses. 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: The company also has its own retail brands PYE and Determinant. 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). The third panel invited long-time business leaders to share their experiences and insights regarding the role of corporations during these times of. Company Overview. Gain access to more than 1 million monopolized company profiles on a single platform Departments of Commerce, State, Defense, Energy, and Treasury. Esquel Group ( Chinese: ) is a Hong Kong-based textile and apparel manufacturer. Esquel Group's headquarters is located in London, England, GB W1U 3RF. Esquel Group | 11,811 followers on LinkedIn. Tessie was invited as the keynote speaker to share how the transformation of the textile industry connects closely with sustainable development. The average loan amount is CNY15,000 (US$2,254) and there have been zero defaults since its launch. Its products include cotton, yarn, cotton yarn dyed woven fabric, and knit fabric such as piece dyed, yarn dyed, and heather. Overview of key events: Company evolution including company history and key event Our annual dinner in Hong Kong was successfully held last Saturday. Procurement & Business Strategy Director - Asia Pacific at Hallmark Cards. Over the years, Esquel has grown from a shirtmaker to a total solutions provider in textiles and apparel, a curator in industrial . [4] But Yang says making a difference is as key as making profits. Esquel Group is one of the few large textile manufacturing groups to do so. Esquel has a team of around 100 people doing nothing but creating automation machines for our different factories, Tung revealed, tackling challenges that include how to use a robot to grab a piece of soft fabric, or aligning different stripe or check patterns. But crucially, the company is also moving the goalposts on the traditional way of thinking about issues such as labour costs. 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. Understanding the companys business segment expansion or their asset divestment Annual report (Red and Black design) Use this annual report template to create a report for your business. Request Custom Company Research Report Here: https://digitgaps.com/custom-research/. Data Sources: It's a great pleasure for us to join the Green Textiles, Innovation and Technology Forum and Exhibition today. Latest Update: High and low-level overview, current news and information, due diligence on business practice, and business partners. SDG 7: Ensure access to affordable, reliable, sustainable and modern energy for all. 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. To make the data easily digestible, we created a range of visual icons in a minimalistic illustration style to represent the respective data points. From there, we also illustrated how people work harmoniously with nature. Otto Group Annual Report 2019/20. [4], The family owned business was founded in 1978 by family patriarch Yang Yuan-loong[zh]. This will be a major resource for our serious job seekers. Lorem ipsum dolor sit, amet consectetur adipisicing elit. digitGaps is presenting this report to you to understand companys key strengths, weaknesses, potential opportunities, and threats. 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. People think workers are workers, that they sit in front of a sewing machine and generate a product. Esquel Group Jul 2012 - Sep 2015 3 years 3 months. Deals mentioned in our company research report will help you understand corporate strategy from the companys core business segment perspective The financial ratios available in our reports also include revenue trends, growth, profitability, margins, and returns, financial position, liquidity and leverage and efficiency ratios 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. Learning comes from doing. Looking for a particular Esquel Group employee's phone or email? On this Wikipedia the language links are at the top of the page across from the article title. China, European Union, United Kingdom, USA . I really appreciate the depth you were able to get to so quickly (for our project). World-leading textile and apparel manufacturer producing premium cotton shirts for some of the world's most renowned brands. Strengths of Esquel Group Integrating Business Strategy and Corporate Social Responsibility is the first element of the SWOT matrix. Esquel Group's supply chain was first linked to Xinjiang in a May 2019 Wall Street Journal report. It is the world's largest woven shirt maker, producing about 100 million shirts annually. The company was also mentioned in a draft bill introduced in the House and . When expanded it provides a list of search options that will switch the search inputs to match the current selection. A recent ICC report highlights that there remains considerable possibilities for trade to play a more significant role in achieving the Paris Agreement targets . TER, un acronyme d'actualit quand nos consciences nous appellent prserver la . WASHINGTON, July 6, 2021 /PRNewswire/ -- Today, Esquel Group, the Hong Kong -based textile and apparel manufacturer, has filed a lawsuit in the United States . Were looking at the education level of our supervisors as a KPI that we need to constantly improve. Workers suspect that the factories will be reopened with new owners, but fear that union members and supporters will not be rehired. 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. Congratulations Tessie and Bryant! As strong advocates of sustainability, we love seeing large corporations taking responsibility to ensure their business is as sustainable as possible. Notre histoire remonte 1949 et notre entreprise continue se dvelopper sur un socle de valeurs fortes. [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. 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 . SDG 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all. I hope to see it one day when it is safe to travel again. 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. 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). 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. Help and advice on how to conduct, export and save searches is available at all stages. View or download our Annual Report 2021-22, along with previous years reports showing our financial performance over the past 18 years. 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. #3ddesign #DPC #digitaltwin, Senior CSR & Sustainability Manager at foodpanda, Another successful lunch & learn experience at Colliers with more than 100 foodpanda reusable boxes! 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. 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. 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. At Esquel, we seek to provide quality employment that creates opportunities for all. 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. Congratulations Margie to you and your team on this well-deserved recognition. Delicious food from Seoul Bros as always They will also be responsible for calibrating the machines like a technician.. 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.. You can update your choices at any time in your settings. Our company profiles assist you to formulate strategic analysis in order to understand your customers, partners, and competitors, enabling you amplify your business better. Approximately 1,000 workers who agreed to resign have filed a legal case against the company with the labour authorities. If you can't read this PDF, you can view its text here. Financial and Economic Overview: Current financial and economic ratios consider past 5 years quarterly, semi-annual, annual financial statements Mergers and Acquisition/Deals & Alliances/ Partnerships & Investment: Information on historical, current/projected merger and acquisitions, deals, partnerships, alliances and investments 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? Analyst research The firm's vertically integrated operation starts in China where it oversees cotton farms. The company had requested permission from the Commissioner General of Labour to terminate the workers' contracts. In-depth analysis performed to produce this report will give you a clear and unbiased view of the companys strategy and growth prospects. The case is still pending. 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 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. Otto Group Annual Report 2020/21. If you think about a robotic arm as your hand, you also need a pair of eyes to try to assess the fabric position. Looking for a particular Esquel Group employee's phone or email? Financial Reports. Annual Report. 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. 7. 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. Colleagues showed their talents through stunning performances. All our reports are not limited only to subscription models. Esquel manufactures mor..See More, How to Use Plunkett Research Online-12 Minutes, By Using this Site You Agree to these Terms of Use. Finally, the visual style needed to be aesthetically uniform with the Esquel Group & Esquel Sustainability brand. digitGaps company research reports are written by our qualified research team, a dedicated group of analysts who knows the industry inside and out. 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. All rights reserved. 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%.. Esquel Group May 2014 - Aug 2014 4 months. Offering the education necessary to elevate these skills is also something Esquel has taken on board. Need a customized "Company Intelligence" or "Industry Research" report? document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Hong Kong's independent public policy think tank. 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. Come and meet our Esquelers in Integral! PDF. This report provides a case study of The Esquel Group (EG), a prominent, Hong Kong-based textiles and garments manufacturer. It will let you stay up to date on current happenings and major developments in order to capitalize on your competitors weaknesses 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. 13Hong Kong, Hong Kong 999077 Hong Kong. This is also a very hot area we are investing in.. Esquel Group is a family-owned textile and apparel company based in Hong Kong with operations throughout China, Vietnam and Sri Lanka, employing over 35,000 people worldwide. 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. At this point surely the recruitment team need to be fired? #Esquel #makingadifference #45thanniversary #annualdinner, A fun little demonstration of using digital trims from JML Apparel using Style3D that I did a few months ago. These fresh talents received one year of basic skills training before undergoing a simulation workshop to acquire hands-on experience of different production scenarios. We had the privilege of working with them to revamp their annual Sustainability Report website. Sustainability Pays Dividends Importance of 'Soft' Technology for China. Esquel Group recruited more than 150 college graduates, having engineering background, to the mangineer programme in 2015. Lorem ipsum dolor sit amet consectetur adipisicing elit. Lets kick start our work at full strength! Esquel offered its clients 1000 different fabrics annually The company made a substantial investment in innovations, to create new designs and fabric. 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 Press release. As a knowledge-based innovation company, we believe our employees are our greatest assets. 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. 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. . 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. 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. Here are some pointers for a good annual report design: Use headings and subheadings. Major deals are incorporated such as break of deals into categories and information which will assist your business research, 5. 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. 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. 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. This button displays the currently selected search type. Analysis of prospects, locations and subsidiaries 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. All pre-sales and post-sales queries are addressed by our analyst
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