[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. 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. The numbers show why. Integral was also selected as a finalist for the Special Architectural Award (Architectural Sustainability Category). 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. People think workers are workers, that they sit in front of a sewing machine and generate a product. Esquel is a knowledge-based innovation company that continuously pushes for positive change in the textile and apparel business,. Civic Exchange is a company with limited liability and a registered charity in Hong Kong. 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. The geographic presence in different regions can act as one of the major strength of the organisation. The switch was far from straightforward, however. Annual report (Red and Black design) Use this annual report template to create a report for your business. Tammy Dalton, National Account Manager, MCI, Tammy Dalton. #Esquel #MakingADifference #lunarnewyear2023, Spreading joy and good luck through Chinese calligraphy! 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. There was an inspiring and insightful session shared by Marjorie, our Chairman, in her discussion with Professor Christopher Tang, Faculty Director of UCLA Anderson School of Management, and Professor Heiwai Tang, Director of Hong Kong Universitys Asia Global Institutes. 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. The Clothing Manufacturer Service. The farms supply spinning, dyeing and knitting facilities that produce high-quality cotton fabric. Esquel Group's supply chain was first linked to Xinjiang in a May 2019 Wall Street Journal report. We care for our employees. Our annual dinner in Hong Kong was successfully held last Saturday. The company also has its own retail brands PYE and Determinant. Pay via Invoice/Credit Card/Debit Card/ACH/SEPA/Direct Debit or Bank Transfer. Esquel Group (Chinese: ) is a Hong Kong-based textile and apparel manufacturer. 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: Jul 06, 2021, 12:00 ET. Some types of businesses must prepare and file an annual report by . This button displays the currently selected search type. United States District Court for the District of Columbia, "100m shirts and counting: Textile maker Esquel embraces technology to cut costs and protect the environment", "This Clothing Company Has Close Ties To Xinjiang, Where Forced Labor Is Rampant", "How the Esquel Group unexpectedly ended up all in the family", "Subsidiary of world's largest shirtmaker put on U.S. blacklist over Xinjiang ties", "Commerce Department Adds Eleven Chinese Entities Implicated in Human Rights Abuses in Xinjiang to the Entity List", "Esquel Group sues US over subsidiary's inclusion on 'entity list', "Nike's former supplier Esquel Group scores a rare win in a bid to remove Xinjiang unit from US forced-labour sanctions list", "15 CFR Appendix Supplement No. Over the course of the past 10 years weve managed to reduce the energy consumption by 45% per piece of garment produced; and reduced the water consumption overall by 64%.. Esquel Group ( Chinese: ) is a Hong Kong-based textile and apparel manufacturer. 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. Synopsis of Business Strategy: Corporate strategy summarization: Domestic Strategy and International Strategy Notre histoire remonte 1949 et notre entreprise continue se dvelopper sur un socle de valeurs fortes. [5], In July 2020, the United States Department of Commerce placed a Hong Kong-based subsidiary of Esquel Group on the Bureau of Industry and Security's Entity List for alleged use of forced labor of Uyghurs in Xinjiang. STANFORD CASE STUDY (ESQUEL GROUP) 1. [2] Esquel supplies textile to companies such as Li Ning, ANTA Sports, Fila, Giordano, Muji. View our 2022 Interim Report. Select Accept to consent or Reject to decline non-essential cookies for this use. In Esquels case, it is definitely the latter. Esquel Group, one of the world's largest garment producers and supplier for such brands as Tommy Hilfiger, Patagonia and Nike, said it has written to the US Commerce Secretary Wilbur Ross to. Director, Derby Entrepreneurship Center @Tufts | Corporate Innovation Consultant | Keynote Speaker and Author, Senior Business Consultant at Organicoguru Lanka (Pvt) Ltd. Congratulations ! Teams of colleagues competed in the Fai Chun Writing Contest, which allowed them to unleash their creativity and strengthen their bonding in between. Fairmont PD001--552. All our reports are not limited only to subscription models. This button displays the currently selected search type. Enter employee name to find & verify emails, phones, social links, etc. I hope to see it one day when it is safe to travel again. Through our company profiles, you can recognize potential partners and suppliers. 6,10 MB. Since then, the companies have been doing subcontracting for local manufacturers. 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. Management Team: Names, Profiles, Information on key personnel managing the business, heading key departments and function with their employment history and executive biographies Company Overview. 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. 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. Plunkett Research Online provides a great one stop shop for us to quickly come up to speed on major industries. View or download our Annual Report 2021-22, along with previous years reports showing our financial performance over the past 18 years. Otto Group Annual Report 2020/21. Colleagues showed their talents through stunning performances. Esquel Group | 13,195 followers on LinkedIn. Latest Update: High and low-level overview, current news and information, due diligence on business practice, and business partners. Crocs, Inc. proudly reported record annual revenues of $3.6 billion, growing 54 percent over 2021. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Hong Kong's independent public policy think tank. It includes their financial performance and activities over the prior fiscal year. NN Group's Annual Report is available for download at www.nn-group.com/annual-report. The carbon footprint analyses of our proprietary assets and the EU Taxonomy disclosures have been incorporated in the Annual Report as of this year. #EsquelGroup #MakingaDifference #Integral #Sustainability #HKIAAnnualAwards #Guilin #SustainableDevelopmentGarden #rlp. 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. . Given Esquel's history, in which parts of the supply chain is the group's core where it has the deepest knowledge and expertise? Many of these workers have been employed by Esquel for decades. Esquel offered its clients 1000 different fabrics annually The company made a substantial investment in innovations, to create new designs and fabric. 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. 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. Keep the text short and simple. 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 . 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. By way of explanation, he sets out some alarming numbers. Our Reports. The team has looked through the material and are very happy with the data you pulled together. Esquel has a long history of union busting and discrimination against union activists. Workers suspect that the factories will be reopened with new owners, but fear that union members and supporters will not be rehired. 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. 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 Group has an estimated 201 employees and an estimated annual revenue o. This ensures that all the latest information is captured to enable you to make informed decisions director at Opulent Textiles Corp Sdn Bhd. It was not until legislation was. Esquel had made a name for itself by making high-quality cotton Or do we have other ways of looking at the bigger picture? Tungasked. I am very impressed, I have to say! #3ddesign #DPC #digitaltwin, Senior CSR & Sustainability Manager at foodpanda, Another successful lunch & learn experience at Colliers with more than 100 foodpanda reusable boxes! 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. This annual report matches the Red and Black design set. Search over 700 Detailed view of Business and Operations: Company description will give you detailed information regarding companys businesses, its divisions, and operations Our company profiles assist you to formulate strategic analysis in order to understand your customers, partners, and competitors, enabling you amplify your business better. We are also engaging with external academic institutions and trying to sponsor our workers and supervisors to go for diploma education so the amount of our workforce who are better educated has now improved significantly.. 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. The company had requested permission from the Commissioner General of Labour to terminate the workers contracts. On this Wikipedia the language links are at the top of the page across from the article title. [3] Its head office is in Harbour Centre [ zh] (), Wan Chai. Esquel (Mauritius) Ltd has a manpower of 2710 comprising of both local and foreign employees from Bangladesh, Madagascar, Nepalese, Sri Lankans, Malaysians and Indian. The company was also mentioned in a draft bill introduced in the House and . Esquel Group. Congratulations Tessie and Bryant! 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. Set in the scenic landscape of Guilin, Integral is our Sustainable Development Garden that showcased our commitment to sustainability. Colleagues showed their talents through stunning performances. We provide you detailed insights of the companys strategic, financial and operational performance Detailed intelligence on Competition: Insights on key competitors 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%. Well done! Civic Exchange Aims Organizations create impacts at various. Do you think this impacts the way the group is . A. Founded in 1978, Esquel Group has grown to become one of the largest cotton-shirt maker and exporter in the world. 927 were here. 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 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. I really appreciate the depth you were able to get to so quickly (for our project). 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 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. 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,. Liked by Edgar Tung. . This process has been going on for over 1.5 years, and now is the time for all the other actors engaged to step up and make sure an agreement is negotiated with the FTZ-GSEU, says Ineke Zeldenrust, Clean Clothes Campaign International Coordinator. 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 . We had the privilege of working with them to revamp their annual Sustainability Report website. Strengths of Esquel Group Integrating Business Strategy and Corporate Social Responsibility is the first element of the SWOT matrix. This report contains Esquel Group Limited company and market share data which will help you understand the detailed picture of company's financial position. To view this article you need a PDF viewer such as Adobe Reader . The approximately 2,000 workers at these facilities also face unsure futures as both leases run out by end of this year. 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). The financial ratios available in our reports also include revenue trends, growth, profitability, margins, and returns, financial position, liquidity and leverage and efficiency ratios Tessie was invited as the keynote speaker to share how the transformation of the textile industry connects closely with sustainable development. Esquel harnesses technology to transform its operations and commercialize its innovations. 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. And thats not including the social aspect, such as low wages and poor working conditions. 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. This analysis will help you track important events of the company We started this about ten years ago, and since then about 1500 households have benefited from the programme. Locations/Facilities: Contact details listing the key locations/facilities, subsidiaries of the company This button displays the currently selected search type. The farms supply spinning, dyeing and knitting facilities that produce high-quality cotton fabric. Learn more in our Cookie Policy. 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. TER, un acronyme d'actualit quand nos consciences nous appellent prserver la . digitGaps Custom Research solution is tailored and optimized in a unique way to meet our customers specific needs. Please wait while the search results are loading Esquel Group of Companies is one of the worlds largest producers of cotton shirts. A special showcase is Integral, our sustainable development garden in Guilin. Its going to be a win-win situation if your incentives are going to be linked to productivity improvement.. Our company research profile will give you information on deals segmented by regions, year, business and type for a period of 5 years As strong advocates of sustainability, we love seeing large corporations taking responsibility to ensure their business is as sustainable as possible. 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. Delicious food from Seoul Bros as always 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. #Esquel #makingadifference #45thanniversary #annualdinner, A fun little demonstration of using digital trims from JML Apparel using Style3D that I did a few months ago. Major deals are incorporated such as break of deals into categories and information which will assist your business research, 5. [5] The opening of China that year had according to one of Yang's daughters led to the decision to establish the company. It is the world's largest woven shirt maker, producing about 100 million shirts annually. Esquel's vertically-integrated operations, extended from cottonseeds to shirts, ensure the highest quality in every step of the apparel manufacturing process. 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. (business & personal). 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.. #Esquel #integral #makingadifference #greentextiles #innovation #technology, Our annual dinner in Hong Kong was successfully held last Saturday. They will also be responsible for calibrating the machines like a technician.. If your company is interested in trying this out - please reach out! SDG 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all. 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! [11], Most of the company's manufacturing facilities are in China. A REPRESENTATIVE LIST OF ORGANIZATIONS THAT HAVE USED OUR RESEARCH PRODUCTS: Your tool is very comprehensive and immensely useful. In addition, there will often be graphs or charts included, helping break down the financials into easily readable information. The company had requested permission from the Commissioner General of Labour to terminate the workers' contracts. Press release. All our reports come with 10% customization at no extra cost 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. The two Koggala factories have been non-operational since 15 March. So if you can use less time, generate higher output, we are going to give you more money. Financial and Economic Overview: Current financial and economic ratios consider past 5 years quarterly, semi-annual, annual financial statements Looking For Custom Company Research Report? At Esquel, we prioritize investment in the growth and well-being of our employees. Esquel Group's goal is to. View a snaphot of our 2021 Annual. 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. If you think about a robotic arm as your hand, you also need a pair of eyes to try to assess the fabric position. 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. 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. 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. #Esquel #makingadifference. Looking for a particular Esquel Group employee's phone or email? 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. [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]. 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. Otto Group Annual Report 2019/20. 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. A recent ICC report highlights that there remains considerable possibilities for trade to play a more significant role in achieving the Paris Agreement targets . Ces valeurs sont T ransparence, E xcellence et R entabilit. You can update your choices at any time in your settings. Esquel is also developing and nurturing two of its own retail brands of high quality shirts - PYE and DETERMINANT.. 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. Once purchased, digitGaps client support team will deliver the report in PDF format. 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. 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. Its products include cotton, yarn, cotton yarn dyed woven fabric, and knit fabric such as piece dyed, yarn dyed, and heather. Michael Oppenheim, Collections & Reference Services, UCLA. Right from company SWOT analysis, financial insights to merger and acquisitions/deals details are available in our single report 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. PDF. 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.. 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. [4] Morgan, Lewis & Bockius LLP. [3], Its head office is in Harbour Centre[zh] (), Wan Chai. The case is still pending. The websites front & backend also needed to be easily updated on a yearly basis. Gain access to more than 1 million monopolized company profiles on a single platform 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. 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 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. Many thanks to Lucy Cromwell and Jiwon Choi for kickstarting this fantastic opportunity and we look forward to making these reusable lunches more frequent! Mergers and Acquisition/Deals & Alliances/ Partnerships & Investment: Information on historical, current/projected merger and acquisitions, deals, partnerships, alliances and investments WASHINGTON, July 6, 2021 /PRNewswire/ -- Today, Esquel Group, the Hong Kong -based textile and apparel manufacturer, has filed a lawsuit in the United States . Esquel also bases its sustainability strategy on four different pillars namely people, planet, product and community overseen by a Sustainability Council set up five years ago. For more details, please read the article here. Report. Feb 24, 2023 (Alliance News via COMTEX) -- The Clothing Manufacturer Service market value was US$ $$ billion in 2021. Yang believes the most. Popular questions Work from Home 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. It will enhance your understanding of internal and external factors which might impact your industry Overview of key events: Company evolution including company history and key event on 2021 Annual Report. It will let you stay up to date on current happenings and major developments in order to capitalize on your competitors weaknesses The firms vertically integrated operation starts in China where it oversees cotton farms. Im amazed at how much information is available and the various ways to access it. Data Sources: Professionals, Investors, Researchers and Academician who are interested in gaining key information about Esquel Group Limited, this report is a crucial source to them. Stay tuned to hear more from us! View full 2021 Annual Report. digitGaps provide you the detailed information on major recent deals. [12] The company has strategy of upgrading or opening new facilities with better automation to counter the competitive pressure of rising wages. SWOT Analysis: Company information detailing strengths, weaknesses, opportunities, threats, growth strategies, investments signal key strategic targets, challenges, and objectives 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 We provide quality employment and improve the livelihood of the communities in which we operate.