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. Our company research profile will give you information on deals segmented by regions, year, business and type for a period of 5 years #Esquel #MakingADifference #lunarnewyear2023, Spreading joy and good luck through Chinese calligraphy! With further communication and internal training, the team eventually saw a drastic boost to their production efficiency and performance. 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. 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. Our office complex in Integral reimagined workspace built for teamwork and productivity. Some types of businesses must prepare and file an annual report by . Esquel Group is one of the few large textile manufacturing groups to do so. The data may be indicating institutional weaknesses in Jamaica as expressed by Duncan-Waite, and Woolcock has contributed to the political instability as seen in Fig. Elton PD001--1463 #reusablepackaging #sustainability #plasticwaste #food, Director (Legal Recruitment) at Okumura Partners Limited. Latest Update: High and low-level overview, current news and information, due diligence on business practice, and business partners. 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. Corporate websites Access to single report without subscription allows our clients to meet their requirements with a limited budget 2. #EsquelGroup #MakingaDifference #Integral #Sustainability #HKIAAnnualAwards #Guilin #SustainableDevelopmentGarden #rlp. This information contains a summary of each deal by type, rationale, and financials Set in the scenic landscape of Guilin, Integral is our Sustainable Development Garden that showcased our commitment to sustainability. Your leadership and example in helping to protect our environment while creating a space for the public to relax and appreciate mother nature is commendable. The two Koggala factories have been non-operational since 15 March. 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 #makingadifference #45thanniversary #annualdinner, A fun little demonstration of using digital trims from JML Apparel using Style3D that I did a few months ago. 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. The company was also mentioned in a draft bill introduced in the House and . 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. Fairmont PD001--552. Annual reports typically include financial statements, such as balance sheets, income statements, and cash flow statements. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Workers suspect that the factories will be reopened with new owners, but fear that union members and supporters will not be rehired. 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.. Otto Group Annual Report 2020/21. Even so, Ms. Tang stayed focused on her vision. 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. [11], Most of the company's manufacturing facilities are in China. TER, un acronyme d'actualit quand nos consciences nous appellent prserver la . Yang believes the most. All our reports are not limited only to subscription models. 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. Phone: 852-2811-8077Fax: 852-2960-6988Address: 25 Harbour Rd., Harbour Center, Fl. Esquel Group recruited more than 150 college graduates, having engineering background, to the mangineer programme in 2015. Copyright 2023 Civic Exchange. Stay tuned to hear more from us about our sustainability journey. ", Didn't find the company in our repository? Notre histoire remonte 1949 et notre entreprise continue se dvelopper sur un socle de valeurs fortes. 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 . You might think this is counter-intuitive, because if you increase the cost you are not earning as much. SDG 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all. The layout design reflected a traditional folder with the right side as navigation tabs for each of their Sustainability Pillar. View our 2022 Interim Report. Need a customized "Company Intelligence" or "Industry Research" report? Esquel operates two cotton ginning mills in Xinjiang and three spinning mills, where cotton is spun into yarn. The firms vertically integrated operation starts in China where it oversees cotton farms. 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. Otto Group Annual Report 2019/20. 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. This button displays the currently selected search type. 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. Detailed intelligence on Competition: Insights on key competitors Delicious food from Seoul Bros as always [5] The opening of China that year had according to one of Yang's daughters led to the decision to establish the company. #Esquel #makingadifference #lunarnewyear, In Esquel, we promote the concept of "Fun People Serving Happy Customers" through trust and respect. 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. 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.. 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. STANFORD CASE STUDY (ESQUEL GROUP) 1. Enter employee name to find & verify emails, phones, social links, etc. Purchase this report to inform your strategy, marketing, planning, sales and competitor intelligence functions, thus enabling you to formulate strategies that augment your business. Congratulations Tessie and Bryant! 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. #Esquel#MakingADifference#Lunarnewyear2023, How should a firm go beyond financial measures to create a more environmentally sustainable and socially responsible future? 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. Well done! Congratulations Margie & Teresa, Ron & Bryant! Esquel Group's headquarters is located in London, England, GB W1U 3RF. Locations/Facilities: Contact details listing the key locations/facilities, subsidiaries of the company They will also be responsible for calibrating the machines like a technician.. Fond memories remain of my time in Hong Kong . Keep the text short and simple. When expanded it provides a list of search options that will switch the search inputs to match the current selection. While producing this report, we have followed a standardized research methodology which assures our data quality and authenticity. It is the world's largest woven shirt maker, producing about 100 million shirts annually. She believed that switching to lean production was the right response to rapid market changes, to achieve quality and agility. 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.. Wendy Stotts, Manager, Carlson Companies-Information Center. [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. SDG 6: Ensure availability and sustainable management of water and sanitation for all. 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. Looking For Custom Company Research Report? Its clientele include Abercrombie & Fitch, Jack & Jones, Gant, Hugo Boss, Lacoste, Ralph Lauren, Tommy Hilfiger, and Nautica. People think workers are workers, that they sit in front of a sewing machine and generate a product. We care for our employees. The company also has its own retail brands PYE and Determinant. 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. Esquel Group. Esquel Group (Chinese: ) is a Hong Kong-based textile and apparel manufacturer. Challenges and threats from current competition and future prospects so that you can understand your competitors business structure and strategies and respond to them It will let you stay up to date on current happenings and major developments in order to capitalize on your competitors weaknesses It will enhance your understanding of internal and external factors which might impact your industry Come and meet our Esquelers in Integral! View full 2021 Annual Report. 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. 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. 13Hong Kong, Hong Kong 999077 Hong Kong. Our challenge was to create an interactive, engaging; yet easily digestible website layout that could hold an extensive amount of information & data on one platform. 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 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. 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. 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. 6,10 MB. Otto Group Annual Report 2018/19. Esquel Group's goal is to. 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. Congrats Margie to you and your Esquel team, and to Ronald as well! Popular questions Work from Home [2] Esquel supplies textile to companies such as Li Ning, ANTA Sports, Fila, Giordano, Muji. The more that an organisation is prepared to try new ways of doing things, the more likely it is that the organisation will find practical alternatives. So if you can use less time, generate higher output, we are going to give you more money. From there, we created the first natural dye garden in China. 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's Commitment to Xinjiang As a knowledge-based innovation company, Esquel Group operates through our distinct business groups. Following our feature video from Guilin, Edgar Tung, incoming CEO of Esquel Group, announced Esquel's Pledge to Net Zero. Esquel is a manufacturer and supplier of apparels for men and women. 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. Annual reports typically include information regarding its future . #Esquel #integral #makingadifference #greentextiles #innovation #technology, Our annual dinner in Hong Kong was successfully held last Saturday. Esquel has a long history of union busting and discrimination against union activists. Regulatory filings 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. Search over 700 It determines the business's reach to the target market and ensures the easy accessibility. It's a great pleasure for us to join the Green Textiles, Innovation and Technology Forum and Exhibition today. Were looking at the education level of our supervisors as a KPI that we need to constantly improve. Our report is a guide for you to get potential investments and acquisition targets. You can update your choices at any time in your settings. More inspiring contributions from Esquel Group! That ruling remains pending. Our challenge was to create an interactive, engaging; yet easily digestible website layout that could hold an extensive amount of information & data on one platform. 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. 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. PDF. If you can't read this PDF, you can view its text here. The average loan amount is CNY15,000 (US$2,254) and there have been zero defaults since its launch. Also, it will help you qualify prospective partners, affiliates or suppliers Entering a new mode of production was challenging, but I felt driven to excel in it, Ms. Tang said. But what we are trying to do is link the productivity improvement with the net take-home pay of our workers. #Esquel #MakingADifference #lunarnewyear2023, Leaping into the Year of the Rabbit, we wish you a wonderful new year. 7. Company Headcount: List of key employees as well as the headcount of the company, hierarchy We are thrilled to announce that Integral, Esquels Sustainable Development Garden in Guilin has received the Merit Award outside Hong Kong (Industrial/ Transport/ Utility Building Category) at the HKIA Annual Awards 2019/20! USE THE COUPON CODE AT THE CART OR CHECKOUT PAGE. On this Wikipedia the language links are at the top of the page across from the article title. Founded in 1978, Esquel Group has grown to become one of the largest cotton-shirt maker and exporter in the world. Looking for a particular Esquel Group employee's phone or email? When expanded it provides a list of search options that will switch the search inputs to match the current selection. When Assistant Tang Xiaofang wanted to use a new lean approach to set up a different hangtag production line at Esquel's accessories team in China, her The carbon footprint analyses of our proprietary assets and the EU Taxonomy disclosures have been incorporated in the Annual Report as of this year. This will be a major resource for our serious job seekers. Esquel offered its clients 1000 different fabrics annually The company made a substantial investment in innovations, to create new designs and fabric. Ideally, readers should be able to scan through the document and get the information they need. Through our company profiles, you can recognize potential partners and suppliers. 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. Feb 24, 2023 (Alliance News via COMTEX) -- The Clothing Manufacturer Service market value was US$ $$ billion in 2021. 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. Mergers and Acquisition/Deals & Alliances/ Partnerships & Investment: Information on historical, current/projected merger and acquisitions, deals, partnerships, alliances and investments Liked by Edgar Tung. 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. Esquel Group ( Chinese: ) is a Hong Kong-based textile and apparel manufacturer. So proud to be an ex Esqualler . Koggala factory garment workers during a work stoppage in November 2021, Statement on the closure of two Sri Lankan factories amid severe financial crisis. Request Custom Company Research Report Here: https://digitgaps.com/custom-research/. [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. Journalist coverage / News stories Other costs are raw materials (25%), processing (30%), overheads and back office (20%). 13,192 followers 1w Report this . We provide you detailed insights of the companys strategic, financial and operational performance Thanks for the opportunity for us to showcase our Esquel story. The Esquel Group is one of the worlds largest shirt manufacturers with a huge domestic market in China. 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. Deals mentioned in our company research report will help you understand corporate strategy from the companys core business segment perspective 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%.. Data Sources: This means investing in the growth of each individual by empowering our workforce with the appropriate skills, tools, and a modern workplace experience, while also prioritizing the safety and wellbeing of our employees and their families. Fairmont PD999--113. Esquel manufactures mor..See More, How to Use Plunkett Research Online-12 Minutes, By Using this Site You Agree to these Terms of Use. From there, we also illustrated how people work harmoniously with nature. 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. 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 is currently transforming its operations from the conventional methods by adopting lean manufacturing principles. 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).
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