esquel group annual report

Learning comes from doing. Our prime source of information for generating this report is gained by primary research (qualitative and quantitative research), paid subscriptions, and desk/secondary data sources, which is then analyzed by our experts in order to present this vast data, information in an easily accessible consistent format. [2] Esquel supplies textile to companies such as Li Ning, ANTA Sports, Fila, Giordano, Muji. This button displays the currently selected search type. We had the privilege of working with them to revamp their annual Sustainability Report website. 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 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. Accounting Mini-series. Given Esquel's history, in which parts of the supply chain is the group's core where it has the deepest knowledge and expertise? #Esquel#MakingADifference#Lunarnewyear2023, How should a firm go beyond financial measures to create a more environmentally sustainable and socially responsible future? digitGaps company research reports are written by our qualified research team, a dedicated group of analysts who knows the industry inside and out. We provide quality employment and improve the livelihood of the communities in which we operate. 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. 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. 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. But what we are trying to do is link the productivity improvement with the net take-home pay of our workers. But crucially, the company is also moving the goalposts on the traditional way of thinking about issues such as labour costs. 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. Esquel Group is one of the few large textile manufacturing groups to do so. Financial Reports. 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.. Once purchased, digitGaps client support team will deliver the report in PDF format. 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. It is the world's largest woven shirt maker, producing about 100 million shirts annually. (business & personal). 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. The Clothing Manufacturer Service. The approximately 2,000 workers at these facilities also face unsure futures as both leases run out by end of this year. 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. But Yang says making a difference is as key as making profits. 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. [9][10] Several weeks later, Esquel resumed its lawsuit after failing to reach an agreement with the U.S. Commerce Department regarding the timetable for removal and the specifics of the conditions for removal. 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. It will enhance your understanding of internal and external factors which might impact your industry Esquel Sri Lanka operates two additional facilities, Ekala and Kegalle. 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. 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 started this about ten years ago, and since then about 1500 households have benefited from the programme. Congratulations Margie to you and your team on this well-deserved recognition. Wendy Stotts, Manager, Carlson Companies-Information Center. Analysis of prospects, locations and subsidiaries Congratulations Margie & Teresa, Ron & Bryant! 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. 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 PDF. Since then, the companies have been doing subcontracting for local manufacturers. Morgan, Lewis & Bockius LLP. Should this video be a part of your PLM Materials Library in addition to the U3M file? Project Coordinator Social Alliance Communications Consultancy . Search over 700 Stay tuned to hear more from us! Esquel Group Limited was founded in 1978 and is based in Wanchai, Hong Kong. . On this Wikipedia the language links are at the top of the page across from the article title. 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. Management Team: Names, Profiles, Information on key personnel managing the business, heading key departments and function with their employment history and executive biographies 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. All our reports come with 10% customization at no extra cost [4] #Esquel #MakingADifference #lunarnewyear2023, We are the true agent of change. 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. Esquel Group Jul 2012 - Sep 2015 3 years 3 months. 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. You might think this is counter-intuitive, because if you increase the cost you are not earning as much. On-demand/custom research company analysis request can also be availed Director, Derby Entrepreneurship Center @Tufts | Corporate Innovation Consultant | Keynote Speaker and Author, Senior Business Consultant at Organicoguru Lanka (Pvt) Ltd. Congratulations ! With further communication and internal training, the team eventually saw a drastic boost to their production efficiency and performance. Come and meet our Esquelers in Integral! digitGaps is presenting this report to you to understand companys key strengths, weaknesses, potential opportunities, and threats. Here are some pointers for a good annual report design: Use headings and subheadings. We had the privilege of working with them to revamp their annual Sustainability Report website. From there, we also illustrated how people work harmoniously with nature. Even so, Ms. Tang stayed focused on her vision. If you can't read this PDF, you can view its text here. 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.. It determines the business's reach to the target market and ensures the easy accessibility. Need a customized "Company Intelligence" or "Industry Research" report? If your company is interested in trying this out - please reach out! A Chinese New Year Party was held yesterday for all of us to meet and greet. Esquel is also developing and nurturing two of its own retail brands of high quality shirts - PYE and DETERMINANT.. Ces valeurs sont T ransparence, E xcellence et R entabilit. PDF. With manufacturing operations across five Asian countries, Esquel produces 100 million garments annually. SDG 6: Ensure availability and sustainable management of water and sanitation for all. digtiGaps 2018. The websites front & backend also needed to be easily updated on a yearly basis. In-depth analysis performed to produce this report will give you a clear and unbiased view of the companys strategy and growth prospects. 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. Strengths of Esquel Group Integrating Business Strategy and Corporate Social Responsibility is the first element of the SWOT matrix. The firm's vertically integrated operation starts in China where it oversees cotton farms. Do we constantly move from one location to another chasing low cost labour? Deals mentioned in our company research report will help you understand corporate strategy from the companys core business segment perspective 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. Guilin, Guangxi, China - Researched energy-conscious initiatives to be . 2. 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 . It was not until legislation was. free lookups / month. When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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. Koggala factory garment workers during a work stoppage in November 2021, Statement on the closure of two Sri Lankan factories amid severe financial crisis. The case is still pending. The switch was far from straightforward, however. 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. It will let you stay up to date on current happenings and major developments in order to capitalize on your competitors weaknesses 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. Lets kick start our work at full strength! 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. Overview of key events: Company evolution including company history and key event Annual reports The company also has its own retail brands PYE and Determinant. Esquel Group ( Chinese: ) is a Hong Kong-based textile and apparel manufacturer. At Esquel, we prioritize investment in the growth and well-being of our employees. [6][7] In July 2021, Esquel filed a lawsuit in the United States District Court for the District of Columbia against the U.S. government seeking removal from the Entity List. China, European Union, United Kingdom, USA . #Esquel #integral #makingadifference #greentextiles #innovation #technology, Our annual dinner in Hong Kong was successfully held last Saturday. WASHINGTON, July 6, 2021 /PRNewswire/ -- Today, Esquel Group, the Hong Kong -based textile and apparel manufacturer, has filed a lawsuit in the United States . Our company research profile will give you information on deals segmented by regions, year, business and type for a period of 5 years 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. 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. 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. At this point surely the recruitment team need to be fired? 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. We provide you detailed insights of the companys strategic, financial and operational performance Company share by region and sector, and company structure So if you can use less time, generate higher output, we are going to give you more money. 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. 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. Our company profiles assist you to formulate strategic analysis in order to understand your customers, partners, and competitors, enabling you amplify your business better. This ensures that all the latest information is captured to enable you to make informed decisions 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. Esquel Group May 2014 - Aug 2014 4 months. Its clientele include Abercrombie & Fitch, Jack & Jones, Gant, Hugo Boss, Lacoste, Ralph Lauren, Tommy Hilfiger, and Nautica. The layout design reflected a traditional folder with the right side as navigation tabs for each of their Sustainability Pillar. Great team work & great achievements. Fairmont PD999--113. I really appreciate the depth you were able to get to so quickly (for our project). 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. Esquel Group recruited more than 150 college graduates, having engineering background, to the mangineer programme in 2015. Workers suspect that the factories will be reopened with new owners, but fear that union members and supporters will not be rehired. TER, un acronyme d'actualit quand nos consciences nous appellent prserver la . Our Reports. Financial and Economic Overview: Current financial and economic ratios consider past 5 years quarterly, semi-annual, annual financial statements This report contains Esquel Group Limited company and market share data which will help you understand the detailed picture of company's financial position. 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. For more details, please read the article here. An annual report is a document that contains comprehensive financial information about public companies, small and large corporations, non-profit organizations, partnerships, and other businesses. ", Didn't find the company in our repository? SDG 7: Ensure access to affordable, reliable, sustainable and modern energy for all. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Devote space to photographs, infographics and other compelling visual elements. Esquel's vertically-integrated operations, extended from cottonseeds to shirts, ensure the highest quality in every step of the apparel manufacturing process. #Esquel #MakingADifference #lunarnewyear2023, Spreading joy and good luck through Chinese calligraphy! This information contains a summary of each deal by type, rationale, and financials At the same time, a new approach helped establish trusting relationships with the customers due to the satisfaction of their needs and wants. Michael Oppenheim, Collections & Reference Services, UCLA. Also, it will help you qualify prospective partners, affiliates or suppliers 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. Lets go the extra mile with a year full of celebrations and breakthroughs for Esquel. 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. Approximately 1,000 workers who agreed to resign have filed a legal case against the company with the labour authorities. 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. Over the years, Esquel has grown from a shirtmaker to a total solutions provider in textiles and apparel, a curator in industrial . Esquel Group is one of the few large textile manufacturing groups to do so. To view this article you need a PDF viewer such as Adobe Reader . World-leading textile and apparel manufacturer producing premium cotton shirts for some of the world's most renowned brands. 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. Well done! Esquel is a manufacturer and supplier of apparels for men and women. Share your feedback. 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. 7. Entity List. At Esquel, we seek to provide quality employment that creates opportunities for all. 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. This will be a major resource for our serious job seekers. 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 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: Offering the education necessary to elevate these skills is also something Esquel has taken on board. TRANSINVEST Construction fait partie des leaders du BTP Maurice et sur Rodrigues. 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). 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. 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. Esquel (Mauritius) Ltd has a manpower of 2710 comprising of both local and foreign employees from Bangladesh, Madagascar, Nepalese, Sri Lankans, Malaysians and Indian. Jul 06, 2021, 12:00 ET. Synopsis of Business Strategy: Corporate strategy summarization: Domestic Strategy and International Strategy Lorem ipsum dolor sit, amet consectetur adipisicing elit. Report. to allegations of forced labor. In Esquels case, it is definitely the latter. Its going to be a win-win situation if your incentives are going to be linked to productivity improvement.. Enter employee name to find & verify emails, phones, social links, etc. Annual Report View In PDF DIGITAL VERSION. Apart from quarterly updates, all our reports are updated prior to delivery. You will get an exact picture of companys core strengths and weaknesses. 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. 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.. The company's operations are vertically integrated, from producing cotton, buttons, and packaging to design and manufacturing. More inspiring contributions from Esquel Group! 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. Esquel is doing everything they can to close their facilities without paying workers in full, and to punish the unionized workers in the process. PDF. The company also has a collection of plant-based natural dye products that reduce chemical usage by 60%, water by 43%, and steam by 41%, it says. That ruling remains pending. 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 Esquel Group is one of the worlds largest shirt manufacturers with a huge domestic market in China. Legal Structure and Ownership: Synopsis on companys shareholders outlining the legal structure and ownership 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. Some types of businesses must prepare and file an annual report by . Corporate websites She believed that switching to lean production was the right response to rapid market changes, to achieve quality and agility. #Esquel #makingadifference. Notre histoire remonte 1949 et notre entreprise continue se dvelopper sur un socle de valeurs fortes. 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. When expanded it provides a list of search options that will switch the search inputs to match the current selection. From there, we created the first natural dye garden in China. Esquel has a long history of union busting and discrimination against union activists.

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