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. Otto Group: Downloads As a knowledge-based innovation company, we believe our employees are our greatest assets. Esquel Group (Chinese: ) is a Hong Kong-based textile and apparel manufacturer. 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. Approximately 1,000 workers who agreed to resign have filed a legal case against the company with the labour authorities. Do you think this impacts the way the group is . 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. 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. Journalist coverage / News stories Notre histoire remonte 1949 et notre entreprise continue se dvelopper sur un socle de valeurs fortes. on 2021 Annual Report. Key personnel information with biographies Legal Structure and Ownership: Synopsis on companys shareholders outlining the legal structure and ownership 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. Elton PD001--1463 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. Esquel - From making shirts to making a difference - Just Style View a snaphot of our 2021 Annual. 5,53 MB. Esquel Group recruited more than 150 college graduates, having engineering background, to the mangineer programme in 2015. Otto Group Annual Report 2021/22. Responsible Labor Report: 2022-2023 Franco Corrado, Jessica Gordon, Xavier Haranger, Katelyn Hilferty, Sabine Konrad, Todd Liao, K Lesli Ligorner, Sandra Moser, David Plotinsky, Carl Valenstein,. #Esquel #MakingADifference #lunarnewyear2023, Leaping into the Year of the Rabbit, we wish you a wonderful new year. 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. Share your feedback. Esquel Group sues US over unit's inclusion on 'entity list', as company 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. 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. PDF Esquel Group (Hong Kong) Launching a Sustainable Mask Amidst a Public Fairmont PD999--113. 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. [2] Esquel supplies textile to companies such as Li Ning, ANTA Sports, Fila, Giordano, Muji. 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. To make the data easily digestible, we created a range of visual icons in a minimalistic illustration style to represent the respective data points. 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. If you think about a robotic arm as your hand, you also need a pair of eyes to try to assess the fabric position. 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. 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.. Tammy Dalton, National Account Manager, MCI, Tammy Dalton. Margie Yang on LinkedIn: More good news | 19 comments So if you can use less time, generate higher output, we are going to give you more money. In the first place, Esquel improved the quality of the provided services and products, as a new IT solution made reporting easier and faster. million verified professionals across 35 million companies. Do we constantly move from one location to another chasing low cost labour? Esquel Group Careers and Employment | Indeed.com Right from company SWOT analysis, financial insights to merger and acquisitions/deals details are available in our single report Or do we have other ways of looking at the bigger picture? Tungasked. Select Accept to consent or Reject to decline non-essential cookies for this use. In addition, there will often be graphs or charts included, helping break down the financials into easily readable information. 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 Sues Department Of Commerce Over Erroneous Inclusion On U The approximately 2,000 workers at these facilities also face unsure futures as both leases run out by end of this year. Integral was also selected as a finalist for the Special Architectural Award (Architectural Sustainability Category). No credit card required. Esquel's Commitment to Xinjiang As a knowledge-based innovation company, Esquel Group operates through our distinct business groups. 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 . A. This button displays the currently selected search type. Company share by region and sector, and company structure This report provides a case study of The Esquel Group (EG), a prominent, Hong Kong-based textiles and garments manufacturer. Lets take the opportunity to explore the beauty of Integral through this Chinese New Year greetings series. But crucially, the company is also moving the goalposts on the traditional way of thinking about issues such as labour costs. Its products include cotton, yarn, cotton yarn dyed woven fabric, and knit fabric such as piece dyed, yarn dyed, and heather. 6,10 MB. 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. Analyst research Esquel is a knowledge-based innovation company that continuously pushes for positive change in the textile and apparel business,. Morgan, Lewis & Bockius LLP. ESOP. 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. The carbon footprint analyses of our proprietary assets and the EU Taxonomy disclosures have been incorporated in the Annual Report as of this year. Copyright 2023 Civic Exchange. 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.. At Esquel, we prioritize investment in the growth and well-being of our employees. This will be a major resource for our serious job seekers. 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. When expanded it provides a list of search options that will switch the search inputs to match the current selection. To view this article you need a PDF viewer such as Adobe Reader . The financial ratios available in our reports also include revenue trends, growth, profitability, margins, and returns, financial position, liquidity and leverage and efficiency ratios I am very impressed, I have to say! How to Write an Annual Report: 4 Tips for Preparing Annual Reports It will enhance your understanding of internal and external factors which might impact your industry 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 company also has its own retail brands PYE and Determinant. 'Mangineer' concept keeps Esquel Group 'lean' and 'agile' We promote their well-being and enable them to grow personally and professionally. 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. From there, we created the first natural dye garden in China. But our view is that workers will one day become technicians; they will be operating multiple machines, and they will also be responsible for quality because were not going to have any more QCs to check their work. The numbers show why. Esquel Group was founded in 1978. Also, it will help you qualify prospective partners, affiliates or suppliers Transinvest Construction When we are looking at sustainability the first thing that comes to mind is people, Tung added perhaps not surprisingly given that the business employs around 55,000 workers globally, 40,000 of them in its garment manufacturing sites in China, Malaysia, Mauritius, Sri Lanka and Vietnam. We strive to achieve One Esquel One Team through our happiness culture! SDG 6: Ensure availability and sustainable management of water and sanitation for all. Buying this report will assist you to gain key insights into the happenings around companies business and academic research Esquel Group: Contact Details and Business Profile - 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 Group's goal is to. Esquel offered its clients 1000 different fabrics annually The company made a substantial investment in innovations, to create new designs and fabric. The company was also mentioned in a draft bill introduced in the House and . We empower Esquelers to make their decisions, unleash their potential, and build a positive and respectful working environment by adopting our #eCulture. 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. More inspiring contributions from Esquel Group! Deals mentioned in our company research report will help you understand corporate strategy from the companys core business segment perspective Many of these workers have been employed by Esquel for decades. [3] Its head office is in Harbour Centre [ zh] (), Wan Chai. 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. PDF. The geographic presence in different regions can act as one of the major strength of the organisation. USE THE COUPON CODE AT THE CART OR CHECKOUT PAGE. This button displays the currently selected search type. Once purchased, digitGaps client support team will deliver the report in PDF format. Colleagues showed their talents through stunning performances. Search over 700 Esquel is a manufacturer and supplier of apparels for men and women. Delicious food from Seoul Bros as always But its focus is not on the cost of this labour, rather the productivity they can generate. Esquel Group - Wikipedia For more details, please read the article here. Responsible Labor Report: 2022-2023 | Morgan Lewis - JDSupra Even so, Ms. Tang stayed focused on her vision. Esquel had made a name for itself by making high-quality cotton While producing this report, we have followed a standardized research methodology which assures our data quality and authenticity. 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. With manufacturing operations across five Asian countries, Esquel produces 100 million garments annually. 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 . Plunkett Research Online provides a great one stop shop for us to quickly come up to speed on major industries. The farms supply spinning, dyeing and knitting facilities that produce high-quality cotton fabric. Esquel is investing more than CNY2bn (US$313.9m) on building a new spinning mill and garment manufacturing facility at picturesque Guilin in Guangxi province, which is due to begin operation next year. Bridging the gap in sustainable trade & finance 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. Statement on the closure of two Sri Lankan factories amid severe #Esquel #makingadifference. 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. But what we are trying to do is link the productivity improvement with the net take-home pay of our workers. [5] The opening of China that year had according to one of Yang's daughters led to the decision to establish the company. Esquel harnesses technology to transform its operations and commercialize its innovations. 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. She believed that switching to lean production was the right response to rapid market changes, to achieve quality and agility. Purchase this report to inform your strategy, marketing, planning, sales and competitor intelligence functions, thus enabling you to formulate strategies that augment your business. 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. 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! #EsquelGroup #MakingaDifference #Integral #Sustainability #HKIAAnnualAwards #Guilin #SustainableDevelopmentGarden #rlp. 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). 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. 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 #Esquel#MakingADifference#Lunarnewyear2023, How should a firm go beyond financial measures to create a more environmentally sustainable and socially responsible future? This button displays the currently selected search type. #Esquel #MakingADifference #sustainability, Usher in the Lunar New Year! . We care for our employees. Esquel Group Integrating Business Strategy and Corporate - Case48 Entity List. Well done! Annual report (Red and Black design) - templates.office.com Congratulations Margie & Teresa, Ron & Bryant! 2. Here are some pointers for a good annual report design: Use headings and subheadings. Note: Some sections of this report may be missing if the data is not available for the company. Primary research via qualitative and quantitative research This information contains a summary of each deal by type, rationale, and financials The company also has its own retail brands PYE and Determinant. Im amazed at how much information is available and the various ways to access it. All our reports come with 10% customization at no extra cost Its going to be a win-win situation if your incentives are going to be linked to productivity improvement.. Up to 5 And thats not including the social aspect, such as low wages and poor working conditions. 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. Esquel Group Careers and Employment About the company Founded 1978 Industry Manufacturing Esquel Group website Learn more Questions and answers People have asked 2 questions about working at Esquel Group. Esquel Group | 13,195 followers on LinkedIn. This is also a very hot area we are investing in.. That ruling remains pending. 3Q: Esquel Group - Making Impact Through Innovation 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. 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. [4] Esquel Group, garment supplier to Tommy Hilfiger and Nike, says it's 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. Group Financial Results - Investec Crocs, Inc. proudly reported record annual revenues of $3.6 billion, growing 54 percent over 2021. digtiGaps 2018. 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. Moreover, data from free sources is not as complete and concise as the information from digitGaps, 5.1 digitGaps aggregate and package content from multiple, and disparate providers. In-depth analysis performed to produce this report will give you a clear and unbiased view of the company's strategy and growth prospects. director at Opulent Textiles Corp Sdn Bhd. The Esquel Group is one of the worlds largest shirt manufacturers with a huge domestic market in China. SWOT Analysis: Company information detailing strengths, weaknesses, opportunities, threats, growth strategies, investments signal key strategic targets, challenges, and objectives Ces valeurs sont T ransparence, E xcellence et R entabilit. Fairmont PD001--552. 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 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. 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. 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.. Director, Derby Entrepreneurship Center @Tufts | Corporate Innovation Consultant | Keynote Speaker and Author, Senior Business Consultant at Organicoguru Lanka (Pvt) Ltd. Congratulations ! . Company Headcount: List of key employees as well as the headcount of the company, hierarchy Phone: 852-2811-8077Fax: 852-2960-6988Address: 25 Harbour Rd., Harbour Center, Fl. They will also be responsible for calibrating the machines like a technician.. All rights reserved. - Planning and developing merchandising strategies - Preparing quarterly sales report, buying and capacity analysis. 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. The average loan amount is CNY15,000 (US$2,254) and there have been zero defaults since its launch. With further communication and internal training, the team eventually saw a drastic boost to their production efficiency and performance. One year down the road this app has been used 16,936 times and has saved over 128,000 km travelled, 12,871 litres of gas and 29.6 tons of carbon dioxide emissions. 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%. Hero Financial Annual Report - Heromotocorp At Esquel, we seek to provide quality employment that creates opportunities for all. 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. This report will also provide you with the target companys key financial metrics and ratios Learn more in our Cookie Policy. 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. Synopsis of Business Strategy: Corporate strategy summarization: Domestic Strategy and International Strategy ESQUEL GROUP SUSTAINABILITY UPDATE 2020 - United Nations Global Compact Project Coordinator Social Alliance Communications Consultancy . 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 Detailed intelligence on Competition: Insights on key competitors On-demand/custom research company analysis request can also be availed Through our company profiles, you can recognize potential partners and suppliers. Esquel Group - WeSuperseed Annual reports If you can't read this PDF, you can view its text here. Esquel is also developing and nurturing two of its own retail brands of high quality shirts - PYE and DETERMINANT.. Congrats Margie to you and your Esquel team, and to Ronald as well! People think workers are workers, that they sit in front of a sewing machine and generate a product. digitGaps company research reports are written by our qualified research team, a dedicated group of analysts who knows the industry inside and out. Procurement & Business Strategy Director - Asia Pacific at Hallmark Cards. free lookups / month. 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. Responsible Labor Report: 2022-2023 - Lexology digitGaps custom research services are customer driven. 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. [2] Esquel supplies textile to companies such as Li Ning, ANTA Sports, Fila, Giordano, Muji. Our Reports. Most of the times the information our customers are looking for is not readily available in an off-the-shelf market research publication. ", Didn't find the company in our repository? Matt Colbert - FOH & Chef - Footnote | LinkedIn Esquel has a long history of union busting and discrimination against union activists. Devote space to photographs, infographics and other compelling visual elements. Esquel Group - SourceWatch 9.4.The inability of Jamaica to adequately control corruption as shown in Fig. Congratulations Margie to you and your team on this well-deserved recognition. WeSuperseed created a heavily custom designed website layout. #3ddesign #DPC #digitaltwin, Senior CSR & Sustainability Manager at foodpanda, Another successful lunch & learn experience at Colliers with more than 100 foodpanda reusable boxes!
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