free lookups / month. 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 firms vertically integrated operation starts in China where it oversees cotton farms. Even so, Ms. Tang stayed focused on her vision. Esquel's Commitment to Xinjiang As a knowledge-based innovation company, Esquel Group operates through our distinct business groups. In this one-hour discussion, Marjorie shared how we leverage our integrated supply chain to advance our vision of Making A Difference. 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. Regulatory filings Otto Group Annual Report 2018/19. 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. 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 All pre-sales and post-sales queries are addressed by our analyst Or do we have other ways of looking at the bigger picture? Tungasked. 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. But what we are trying to do is link the productivity improvement with the net take-home pay of our workers. [12] The company has strategy of upgrading or opening new facilities with better automation to counter the competitive pressure of rising wages. In Esquels case, it is definitely the latter. Entering a new mode of production was challenging, but I felt driven to excel in it, Ms. Tang said. 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. SDG 6: Ensure availability and sustainable management of water and sanitation for all. 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. 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.. View or download our Annual Report 2021-22, along with previous years reports showing our financial performance over the past 18 years. Professionals, Investors, Researchers and Academician who are interested in gaining key information about Esquel Group Limited, this report is a crucial source to them. 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.. That ruling remains pending. Its going to be a win-win situation if your incentives are going to be linked to productivity improvement.. Colleagues showed their talents through stunning performances. [5] The opening of China that year had according to one of Yang's daughters led to the decision to establish the company. The two Koggala factories have been non-operational since 15 March. 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. 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. Outlook for Future Years. 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! Over the years, Esquel has grown from a shirtmaker to a total solutions provider in textiles and apparel, a curator in industrial . 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. The average loan amount is CNY15,000 (US$2,254) and there have been zero defaults since its launch. Our company profiles assist you to formulate strategic analysis in order to understand your customers, partners, and competitors, enabling you amplify your business better. #Esquel #MakingADifference #sustainability, Usher in the Lunar New Year! I really appreciate the depth you were able to get to so quickly (for our project). 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. This report will also present the historical, current and projected merger and acquisitions, financial analysis, deals and alliances, partnerships and investments of the company, news, competitors, and key executives profiles. 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. This button displays the currently selected search type. Primary research via qualitative and quantitative research In the first place, Esquel improved the quality of the provided services and products, as a new IT solution made reporting easier and faster. Overview of key events: Company evolution including company history and key event Esquel harnesses technology to transform its operations and commercialize its innovations. 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. SDG 7: Ensure access to affordable, reliable, sustainable and modern energy for all. digitGaps custom research services are customer driven. Select Accept to consent or Reject to decline non-essential cookies for this use. Looking for a "Syndicated, Qualitative or Quantitative Market Research Solution? Also part of Esquels vision going forward is that the amount of direct labour will be significantly reduced, replaced by a group of skilled technicians with better education, better ability to interact with machines, and a better understanding of quality. [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. 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 layout design reflected a traditional folder with the right side as navigation tabs for each of their Sustainability Pillar. Given Esquel's history, in which parts of the supply chain is the group's core where it has the deepest knowledge and expertise? At Esquel, we seek to provide quality employment that creates opportunities for all. 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. When expanded it provides a list of search options that will switch the search inputs to match the current selection. [4], The family owned business was founded in 1978 by family patriarch Yang Yuan-loong[zh]. 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. Esquel Group was founded in 1978. [12], Its operations in China like the rest of the textile industry in China have faced the constant pressure of rising labor costs and stricter environmental regulation. The company also has its own retail brands PYE and Determinant. There is a call for computer vision. 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. 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. View a snaphot of our 2021 Annual. 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. 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. 9.4.The inability of Jamaica to adequately control corruption as shown in Fig. While producing this report, we have followed a standardized research methodology which assures our data quality and authenticity. Looking to the future, however, is when the companyreally raises the bar on sustainability. Data Sources: Offering the education necessary to elevate these skills is also something Esquel has taken on board. Thanks for the opportunity for us to showcase our Esquel story. We empower Esquelers to make their decisions, unleash their potential, and build a positive and respectful working environment by adopting our #eCulture. 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. Sustainability Pays Dividends Importance of 'Soft' Technology for China. The carbon footprint analyses of our proprietary assets and the EU Taxonomy disclosures have been incorporated in the Annual Report as of this year. #Esquel #makingadifference #45thanniversary #annualdinner, May the full moon bring you a joyful home and a successful future! Since then, the companies have been doing subcontracting for local manufacturers. Approximately 1,000 workers who agreed to resign have filed a legal case against the company with the labour authorities. Share your feedback. 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. ", Didn't find the company in our repository? 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. 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. 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. 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 The third panel invited long-time business leaders to share their experiences and insights regarding the role of corporations during these times of. USE THE COUPON CODE AT THE CART OR CHECKOUT PAGE. 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. 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. The firms vertically integrated operation starts in China where it oversees cotton farms. 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. Request Custom Company Research Report Here: https://digitgaps.com/custom-research/. 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. This button displays the currently selected search type. Our report is a guide for you to get potential investments and acquisition targets. 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. Devote space to photographs, infographics and other compelling visual elements. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Journalist coverage / News stories Here are some pointers for a good annual report design: Use headings and subheadings. Esquel had made a name for itself by making high-quality cotton By way of explanation, he sets out some alarming numbers. This button displays the currently selected search type. When it comes to environmental impact the planet pillar of its strategy Esquel claims to have invested over US$150m over the last ten years in managing its water and energy consumption, including a wastewater treatment plant that processes more than 5,000 tons of water every day. The more that an organisation is prepared to try new ways of doing things, the more likely it is that the organisation will find practical alternatives. When Assistant Tang Xiaofang wanted to use a new lean approach to set up a different hangtag production line at Esquels accessories team in China, her colleagues shared their doubts, such as Why do we have to change how weve always worked? Yet, Ms. Tang remained undeterred, as she recognized how striving towards a lean continuous flow in production would bring about Excellence one of Esquels eCulture principles. What are the stages of the supply chain (value system) in which Esuqel operates (see Exhibit 5) What are the top 1 or 2 competencies would you need in each to be successful? Corporate websites Most of the times the information our customers are looking for is not readily available in an off-the-shelf market research publication. Once purchased, digitGaps client support team will deliver the report in PDF format. Keep the text short and simple. Liked by Edgar Tung. Instead, we are actually giving mandates to our factory general managers to try to increase the salary or our workers, rather than reduce the salary. Set in the scenic landscape of Guilin, Integral is our Sustainable Development Garden that showcased our commitment to sustainability. Esquel has a long history of union busting and discrimination against union activists. Delicious food from Seoul Bros as always Feb 24, 2023 (Alliance News via COMTEX) -- The Clothing Manufacturer Service market value was US$ $$ billion in 2021. The Esquel Group is one of the worlds largest shirt manufacturers with a huge domestic market in China. 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. Stay tuned to hear more from us about our sustainability journey. Otto Group Annual Report 2021/22. 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. Annual reports typically include financial statements, such as balance sheets, income statements, and cash flow statements. 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. The financial ratios available in our reports also include revenue trends, growth, profitability, margins, and returns, financial position, liquidity and leverage and efficiency ratios 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. 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.. 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. People think workers are workers, that they sit in front of a sewing machine and generate a product. You can update your choices at any time in your settings. 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. . Do we constantly move from one location to another chasing low cost labour? Independent Consultant with significant experience in the Emerging Markets of Sub- Saharan Africa and Asia. Esquel Group is one of the few large textile manufacturing groups to do so. 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. The company's operations are vertically integrated, from producing cotton, buttons, and packaging to design and manufacturing. In addition, there will often be graphs or charts included, helping break down the financials into easily readable information. Esquel Group Jul 2012 - Sep 2015 3 years 3 months. 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. This analysis will help you track important events of the company All our reports come with 10% customization at no extra cost But crucially, the company is also moving the goalposts on the traditional way of thinking about issues such as labour costs. Esquel is doing everything they can to close their facilities without paying workers in full, and to punish the unionized workers in the process. digitGaps provide you the detailed information on major recent deals. It was not until legislation was. This report contains Esquel Group Limited company and market share data which will help you understand the detailed picture of companys financial position. 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. This button displays the currently selected search type. WeSuperseed created a heavily custom designed website layout. We started this about ten years ago, and since then about 1500 households have benefited from the programme. 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. #Esquel #MakingADifference #lunarnewyear2023, Leaping into the Year of the Rabbit, we wish you a wonderful new year. China, European Union, United Kingdom, USA . Esquel Group information 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. These fresh talents received one year of basic skills training before undergoing a simulation workshop to acquire hands-on experience of different production scenarios. Im amazed at how much information is available and the various ways to access it. Major deals are incorporated such as break of deals into categories and information which will assist your business research, 5. Otto Group Annual Report 2019/20. million verified professionals across 35 million companies. A REPRESENTATIVE LIST OF ORGANIZATIONS THAT HAVE USED OUR RESEARCH PRODUCTS: Your tool is very comprehensive and immensely useful. Learning comes from doing. 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. 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. An annual report is a corporate document disseminated to shareholders that spells out the company's financial condition and operations over the previous year. From there, we created the first natural dye garden in China. View our 2022 Interim Report. Otto Group Annual Report 2020/21. - Planning and developing merchandising strategies - Preparing quarterly sales report, buying and capacity analysis. Financial Year 2021-22. At Esquel, we prioritize investment in the growth and well-being of our employees. [3] Its head office is in Harbour Centre [ zh] (), Wan Chai. Come and meet our Esquelers in Integral! Between the quality and affordability of your product, its appeal to and value for our users, and the inestimably ethical and loyalty-guaranteeing conduct of your business, I will always have more than sufficient praises to sing for Plunkett Research. #Esquel #MakingADifference #Lunarnewyear2023, Its great to meet our Esquelers after the holiday! [4] Founded in 1978, Esquel Group has grown to become one of the largest cotton-shirt maker and exporter in the world. 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. Phone: 852-2811-8077Fax: 852-2960-6988Address: 25 Harbour Rd., Harbour Center, Fl. The Clothing Manufacturer Service. 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: I am very impressed, I have to say! SWOT Analysis: Company information detailing strengths, weaknesses, opportunities, threats, growth strategies, investments signal key strategic targets, challenges, and objectives digitGaps is presenting this report to you to understand companys key strengths, weaknesses, potential opportunities, and threats. Company Headcount: List of key employees as well as the headcount of the company, hierarchy 927 were here. #Esquel #makingadifference. We provide you detailed insights of the companys strategic, financial and operational performance Strengths of Esquel Group Integrating Business Strategy and Corporate Social Responsibility is the first element of the SWOT matrix. 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 . As a knowledge-based innovation company, we believe our employees are our greatest assets. Guilin, Guangxi, China - Researched energy-conscious initiatives to be . Annual reports typically include information regarding its future . 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. 13Hong Kong, Hong Kong 999077 Hong Kong. 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. Also, it will help you qualify prospective partners, affiliates or suppliers 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. Tammy Dalton, National Account Manager, MCI, Tammy Dalton. The company had requested permission from the Commissioner General of Labour to terminate the workers contracts. Over the past year and a half, international brands have been ending their business relationship with EsquelSri Lanka because of US trade sanctions against its parent company, the Esquel Group, for its links to forced labour in Xinjiang, China. Get contact details including emails and phone numbers Through our company profiles, you can recognize potential partners and suppliers. To make the data easily digestible, we created a range of visual icons in a minimalistic illustration style to represent the respective data points. Should this video be a part of your PLM Materials Library in addition to the U3M file? director at Opulent Textiles Corp Sdn Bhd. You will get an exact picture of companys core strengths and weaknesses. Many thanks to Lucy Cromwell and Jiwon Choi for kickstarting this fantastic opportunity and we look forward to making these reusable lunches more frequent! Esquel Group has an estimated 201 employees and an estimated annual revenue o. STANFORD CASE STUDY (ESQUEL GROUP) 1. Mergers and Acquisition/Deals & Alliances/ Partnerships & Investment: Information on historical, current/projected merger and acquisitions, deals, partnerships, alliances and investments Were looking at the education level of our supervisors as a KPI that we need to constantly improve. Entity List. If you can't read this PDF, you can view its text here. Esquel Group Limited was founded in 1978 and is based in Wanchai, Hong Kong. 3,63 MB. 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. Deals mentioned in our company research report will help you understand corporate strategy from the companys core business segment perspective 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). Koggala factory garment workers during a work stoppage in November 2021, Statement on the closure of two Sri Lankan factories amid severe financial crisis. [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]. It's a great pleasure for us to join the Green Textiles, Innovation and Technology Forum and Exhibition today. Companies product/service/brand portfolio analysis [11], Most of the company's manufacturing facilities are in China.