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. 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. Enter employee name to find & verify emails, phones, social links, etc. #3ddesign #DPC #digitaltwin, Senior CSR & Sustainability Manager at foodpanda, Another successful lunch & learn experience at Colliers with more than 100 foodpanda reusable boxes! 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. Also, it will help you qualify prospective partners, affiliates or suppliers When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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 . Pay via Invoice/Credit Card/Debit Card/ACH/SEPA/Direct Debit or Bank Transfer. #Esquel#MakingADifference#Lunarnewyear2023, How should a firm go beyond financial measures to create a more environmentally sustainable and socially responsible future? Even so, Ms. Tang stayed focused on her vision. She believed that switching to lean production was the right response to rapid market changes, to achieve quality and agility. The company had requested permission from the Commissioner General of Labour to terminate the workers contracts. 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 Latest Update: High and low-level overview, current news and information, due diligence on business practice, and business partners. Following our feature video from Guilin, Edgar Tung, incoming CEO of Esquel Group, announced Esquel's Pledge to Net Zero. 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. {{ userNotificationState.getAlertCount('bell') }}. You can update your choices at any time in your settings. Departments of Commerce, State, Defense, Energy, and Treasury. Against this backdrop, the Hong Kong-based textile and apparel giant 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, through spinning, weaving and knitting, to apparel making, accessories and packaging, retail and distribution. Esquel's Commitment to Xinjiang As a knowledge-based innovation company, Esquel Group operates through our distinct business groups. WASHINGTON July 6, 2021 Today, Esquel Group, the Hong Kong-based textile and apparel manufacturer, has filed a lawsuit in the United States District Court for the District of Columbia seeking relief from the economic and reputational harms caused by the placement of its subsidiary, Changji Esquel Textile Co. Ltd., on the U.S. digitGaps provide you the detailed information on major recent deals. The firms vertically integrated operation starts in China where it oversees cotton farms. Do we constantly move from one location to another chasing low cost labour? digitGaps company research reports are the succinct summary of companies detailing their strategic direction, SWOT analysis, information on the companys key employees, profiles of key personnels, key competitors, products, and services, as well as detailed financial ratios for the last 5 years which is brief but comprehensive. On this Wikipedia the language links are at the top of the page across from the article title. Overview of key events: Company evolution including company history and key event Our company research profile will give you information on deals segmented by regions, year, business and type for a period of 5 years The company's operations are vertically integrated, from producing cotton, buttons, and packaging to design and manufacturing. 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. Learning comes from doing. The case is still pending. Please wait while the search results are loading Esquel Group of Companies is one of the worlds largest producers of cotton shirts. 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. 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. Esquel is a knowledge-based innovation company that continuously pushes for positive change in the textile and apparel business,. It was not until legislation was. If you can't read this PDF, you can view its text here. [2] Esquel supplies textile to companies such as Li Ning, ANTA Sports, Fila, Giordano, Muji. In-depth analysis performed to produce this report will give you a clear and unbiased view of the companys strategy and growth prospects. The more I get into the database, the happier I am that well have itREALLY happy!!! Looking for a "Syndicated, Qualitative or Quantitative Market Research Solution? Congratulations Tessie and Bryant! 5 to Part 744 - Procedures for End-User Review Committee Entity List and 'Military End User' (MEU) List Decisions", "Hong Kong shirtmaker Esquel Group resumes lawsuit in bid to remove Xinjiang unit from US forced-labour sanctions list", "Why A Chinese Clothes Maker Rejects Cheap Labor And Goes Green", https://en.wikipedia.org/w/index.php?title=Esquel_Group&oldid=1124103049, Articles containing Chinese-language text, Articles containing traditional Chinese-language text, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 27 November 2022, at 10:03. 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. Fond memories remain of my time in Hong Kong . Well done! Esquel Group ( Chinese: ) is a Hong Kong-based textile and apparel manufacturer. 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. 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. Analyst research This is essentially improving the quality of employment; people nowadays talk about a work-life balance, they dont want to work on a factory floor all the time. Esquel offered its clients 1000 different fabrics annually The company made a substantial investment in innovations, to create new designs and fabric. [2] Esquel supplies textile to companies such as Li Ning, ANTA Sports, Fila, Giordano, Muji. We started this about ten years ago, and since then about 1500 households have benefited from the programme. 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. The farms supply spinning, dyeing and knitting facilities that produce high-quality cotton fabric. [12] This strategy was noted by the South China Morning Post as different from some other competitors which sought to diversify operations by moving to other countries with lower labor costs.[2]. Esquel is currently transforming its operations from the conventional methods by adopting lean manufacturing principles. 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. 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. Secondary / Desk Research PDF. 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. 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. The numbers show why. The approximately 2,000 workers at these facilities also face unsure futures as both leases run out by end of this year. View our 2022 Interim Report. 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. Esquel Group's goal is to. Backed by over 40 years of experience, each business group adheres to our net zero pledge, and our commitment to our vision of Making a Difference through tackling climate change and narrowing the wealth gap. Esquel Group Limited manufactures textiles and apparel. 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. Other costs are raw materials (25%), processing (30%), overheads and back office (20%). I think this is going to be the trend going forward: how to develop credible means of improving productivity rather than just looking at it as a cost. That ruling remains pending. Teething issues such as inconsistent procedures and uneven cycle times per machine caused colleagues to grumble from the unstable workload. Civic Exchange is a company with limited liability and a registered charity in Hong Kong. Otto Group Annual Report 2018/19. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Esquel manufactures mor..See More, How to Use Plunkett Research Online-12 Minutes, By Using this Site You Agree to these Terms of Use. It includes their financial performance and activities over the prior fiscal year. The company also has its own retail brands PYE and Determinant. In this one-hour discussion, Marjorie shared how we leverage our integrated supply chain to advance our vision of Making A Difference. Founded in 1978, Esquel Group has grown to become one of the largest cotton-shirt maker and exporter in the world. Otto Group Annual Report 2021/22. Sign up for a free account. An annual report is a corporate document disseminated to shareholders that spells out the company's financial condition and operations over the previous year. Guilin, Guangxi, China - Researched energy-conscious initiatives to be . That ruling remains pending. Lorem ipsum dolor sit, amet consectetur adipisicing elit. 13Hong Kong, Hong Kong 999077 Hong Kong. Esquel Group is one of the few large textile manufacturing groups to do so. Liked by Edgar Tung. Teams of colleagues competed in the Fai Chun Writing Contest, which allowed them to unleash their creativity and strengthen their bonding in between. Im amazed at how much information is available and the various ways to access it. 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. 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. World-leading textile and apparel manufacturer producing premium cotton shirts for some of the world's most renowned brands. See the answers, explore popular topics and discover unique insights from Esquel Group employees. SDG 6: Ensure availability and sustainable management of water and sanitation for all. SDG 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all. In addition, there will often be graphs or charts included, helping break down the financials into easily readable information. We had the privilege of working with them to revamp their annual Sustainability Report website. 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%. We care for our employees. 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. 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. Esquel has a long history of union busting and discrimination against union activists. [12] The company has strategy of upgrading or opening new facilities with better automation to counter the competitive pressure of rising wages. 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. But Yang says making a difference is as key as making profits. The carbon footprint analyses of our proprietary assets and the EU Taxonomy disclosures have been incorporated in the Annual Report as of this year. 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. Were looking at the education level of our supervisors as a KPI that we need to constantly improve. digitGaps company research reports are written by our qualified research team, a dedicated group of analysts who knows the industry inside and out. Looking for a particular Esquel Group employee's phone or email? Challenges and threats from current competition and future prospects so that you can understand your competitors business structure and strategies and respond to them #Esquel #makingadifference #45thanniversary #annualdinner, A fun little demonstration of using digital trims from JML Apparel using Style3D that I did a few months ago. This analysis will help you track important events of the company Request Custom Company Research Report Here: https://digitgaps.com/custom-research/. Our Reports. 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. Procurement & Business Strategy Director - Asia Pacific at Hallmark Cards. The rating from the Corporate Information Transparency Index (CITI) evaluates the environmental performance of international brands selling and sourcing in China, with the ultimate goal of guiding consumers into making green choices. Lorem ipsum dolor sit amet consectetur adipisicing elit. 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. 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. digtiGaps 2018. 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). We had the privilege of working with them to revamp their annual Sustainability Report website. 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. 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? Lets go the extra mile with a year full of celebrations and breakthroughs for Esquel. 927 were here. Company Overview. Brand Strategy Brand Identity Storytelling Animation Illustration Website Design & Development. Esquel had made a name for itself by making high-quality cotton 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. 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: 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. #Esquel #integral #makingadifference #greentextiles #innovation #technology, Our annual dinner in Hong Kong was successfully held last Saturday. Major deals are incorporated such as break of deals into categories and information which will assist your business research, 5. Its products include cotton, yarn, cotton yarn dyed woven fabric, and knit fabric such as piece dyed, yarn dyed, and heather. The company had requested permission from the Commissioner General of Labour to terminate the workers' contracts. This simple annual report template includes instructional text to assist you in building a good report. #Esquel #MakingADifference #sustainability, Usher in the Lunar New Year! The geographic presence in different regions can act as one of the major strength of the organisation. Our office complex in Integral reimagined workspace built for teamwork and productivity. The team has looked through the material and are very happy with the data you pulled together. The third panel invited long-time business leaders to share their experiences and insights regarding the role of corporations during these times of. Synopsis of Business Strategy: Corporate strategy summarization: Domestic Strategy and International Strategy In-depth analysis performed to produce this report will give you a clear and unbiased view of the company's strategy and growth prospects. Lets take the opportunity to explore the beauty of Integral through this Chinese New Year greetings series. Company offerings: Details on a list of companys major products/services/brands Finally, the visual style needed to be aesthetically uniform with the Esquel Group & Esquel Sustainability brand. 4. Since then, the companies have been doing subcontracting for local manufacturers. million verified professionals across 35 million companies. Approximately 1,000 workers who agreed to resign have filed a legal case against the company with the labour authorities. Corporate websites When expanded it provides a list of search options that will switch the search inputs to match the current selection. #Esquel #makingadifference #45thanniversary #annualdinner, May the full moon bring you a joyful home and a successful future! This button displays the currently selected search type. Financial Year 2021-22. For more details, please read the article here. I am very impressed, I have to say! SDG 7: Ensure access to affordable, reliable, sustainable and modern energy for all. Share your feedback. Outlook for Future Years. Esquel Group has an estimated 201 employees and an estimated annual revenue o. But crucially, the company is also moving the goalposts on the traditional way of thinking about issues such as labour costs. #reusablepackaging #sustainability #plasticwaste #food, Director (Legal Recruitment) at Okumura Partners Limited. Were developing an eco-friendly facility that demonstrates Industry 4.0 with automation and advanced use of data, but will also be a tourist destination too, Tung explained. At Esquel, we seek to provide quality employment that creates opportunities for all. With manufacturing operations across five Asian countries, Esquel produces 100 million garments annually. When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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).