That ruling remains pending. Also tapping into its future vision is research and development into automation, because now the development of technology has got to a point where its much cheaper to replace some of the manual work by automation and robots., On our factory floor you will see a lot of robotic arms in operation; you will see drones, automatic guided vehicles, and one worker simultaneously working on a few machines, easily improving the productivity of workers by two or three times.. Come and meet our Esquelers in Integral! (business & personal). This report provides a case study of The Esquel Group (EG), a prominent, Hong Kong-based textiles and garments manufacturer. Plunkett Research Online provides a great one stop shop for us to quickly come up to speed on major industries. [5] The opening of China that year had according to one of Yang's daughters led to the decision to establish the company. Ces valeurs sont T ransparence, E xcellence et R entabilit. Our Reports. Up to 5 Learning comes from doing. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Hong Kong's independent public policy think tank. Sign up for a free account. Otto Group Annual Report 2018/19. Esquel is currently transforming its operations from the conventional methods by adopting lean manufacturing principles. Sustainability Pays Dividends Importance of 'Soft' Technology for China. The switch was far from straightforward, however. With manufacturing operations across five Asian countries, Esquel produces 100 million garments annually. 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. 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.. Even so, Ms. Tang stayed focused on her vision. 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 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. Esquel Group's Post . It is the world's largest woven shirt maker, producing about 100 million shirts annually. The financial ratios available in our reports also include revenue trends, growth, profitability, margins, and returns, financial position, liquidity and leverage and efficiency ratios Esquel Group was founded in 1978. Corporate websites On-demand/custom research company analysis request can also be availed But Yang says making a difference is as key as making profits. #Esquel #MakingADifference #Lunarnewyear2023, Its great to meet our Esquelers after the holiday! All rights reserved. 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. 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. 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. 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. All our reports are not limited only to subscription models. 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. Detailed view of Business and Operations: Company description will give you detailed information regarding companys businesses, its divisions, and operations Outlook for Future Years. Its products include cotton, yarn, cotton yarn dyed woven fabric, and knit fabric such as piece dyed, yarn dyed, and heather. 5,53 MB. 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. Esquel harnesses technology to transform its operations and commercialize its innovations. The Esquel Group is one of the worlds largest shirt manufacturers with a huge domestic market in China. 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. To view this article you need a PDF viewer such as Adobe Reader . 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. 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. 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). Annual report (Red and Black design) Use this annual report template to create a report for your business. The Clothing Manufacturer Service. 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. 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. Esquel Group (Chinese: ) is a Hong Kong-based textile and apparel manufacturer. As strong advocates of sustainability, we love seeing large corporations taking responsibility to ensure their business is as sustainable as possible. This ensures that all the latest information is captured to enable you to make informed decisions Colleagues showed their talents through stunning performances. STANFORD CASE STUDY (ESQUEL GROUP) 1. When expanded it provides a list of search options that will switch the search inputs to match the current selection. It's a great pleasure for us to join the Green Textiles, Innovation and Technology Forum and Exhibition today. Our company research profile will give you information on deals segmented by regions, year, business and type for a period of 5 years At this point surely the recruitment team need to be fired? Do we constantly move from one location to another chasing low cost labour? From there, we also illustrated how people work harmoniously with nature. Need a customized "Company Intelligence" or "Industry Research" report? Looking to the future, however, is when the companyreally raises the bar on sustainability. This button displays the currently selected search type. 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. Registered in the State ofDelaware. Access to single report without subscription allows our clients to meet their requirements with a limited budget 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). - Assisted in determining 2017 Flight CO2 Emissions to be contributed to the Annual CSER Report - Energy tracking to Robert Redford Conservancy to achieve ILFI ZNE Certification - Project Coordination work for Google: Bay View . Regulatory filings We promote their well-being and enable them to grow personally and professionally. Esquel's vertically-integrated operations, extended from cottonseeds to shirts, ensure the highest quality in every step of the apparel manufacturing process. Also, it will help you qualify prospective partners, affiliates or suppliers 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. Note: Some sections of this report may be missing if the data is not available for the company. PDF. ESOP. 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. 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. Well done! million verified professionals across 35 million companies. [11], Most of the company's manufacturing facilities are in China. Deals mentioned in our company research report will help you understand corporate strategy from the companys core business segment perspective I really appreciate the depth you were able to get to so quickly (for our project). 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. Elton PD001--1463 The layout design reflected a traditional folder with the right side as navigation tabs for each of their Sustainability Pillar. Esquel is a knowledge-based innovation company that continuously pushes for positive change in the textile and apparel business,. It includes their financial performance and activities over the prior fiscal year. 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. SDG 6: Ensure availability and sustainable management of water and sanitation for all. Through our company profiles, you can recognize potential partners and suppliers. No credit card required. The textile and clothing industry is the second largest polluting industry in the world after oil; it takes 5,000 gallons of water to produce a T-shirt and pair of jeans; 2.5bn tons of wastewater is generated annually by the industry in China alone; the sector accounts for 17-20% of the worlds industrial pollution; and 12.8m tons of textile waste is discarded each year. Help and advice on how to conduct, export and save searches is available at all stages. [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. But what we are trying to do is link the productivity improvement with the net take-home pay of our workers. This report contains Esquel Group Limited company and market share data which will help you understand the detailed picture of companys financial position. Should this video be a part of your PLM Materials Library in addition to the U3M file? View or download our Annual Report 2021-22, along with previous years reports showing our financial performance over the past 18 years. 927 were here. In Esquels case, it is definitely the latter. Other costs are raw materials (25%), processing (30%), overheads and back office (20%). There is a call for computer vision. Offering the education necessary to elevate these skills is also something Esquel has taken on board. China, European Union, United Kingdom, USA . #reusablepackaging #sustainability #plasticwaste #food, Director (Legal Recruitment) at Okumura Partners Limited. A recent ICC report highlights that there remains considerable possibilities for trade to play a more significant role in achieving the Paris Agreement targets . Esquel is doing everything they can to close their facilities without paying workers in full, and to punish the unionized workers in the process. Esquel Group Limited manufactures textiles and apparel. digtiGaps 2018. Otto Group Annual Report 2020/21. Legal Structure and Ownership: Synopsis on companys shareholders outlining the legal structure and ownership Primary research via qualitative and quantitative research As a knowledge-based innovation company, we believe our employees are our greatest assets. 9.4.The inability of Jamaica to adequately control corruption as shown in Fig. 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. A special showcase is Integral, our sustainable development garden in Guilin. If you think about a robotic arm as your hand, you also need a pair of eyes to try to assess the fabric position. Request Custom Company Research Report Here: https://digitgaps.com/custom-research/. 7. 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. Entering a new mode of production was challenging, but I felt driven to excel in it, Ms. Tang said. We had the privilege of working with them to revamp their annual Sustainability Report website. 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. Esquel operates two cotton ginning mills in Xinjiang and three spinning mills, where cotton is spun into yarn. Esquel is a manufacturer and supplier of apparels for men and women. Our company profiles assist you to formulate strategic analysis in order to understand your customers, partners, and competitors, enabling you amplify your business better. But crucially, the company is also moving the goalposts on the traditional way of thinking about issues such as labour costs. 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. Financial Year 2021-22. Tessie was invited as the keynote speaker to share how the transformation of the textile industry connects closely with sustainable development. The more I get into the database, the happier I am that well have itREALLY happy!!! Mergers and Acquisition/Deals & Alliances/ Partnerships & Investment: Information on historical, current/projected merger and acquisitions, deals, partnerships, alliances and investments This annual report matches the Red and Black design set. 2. The two Koggala factories have been non-operational since 15 March. Share your feedback. 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. #Esquel#MakingADifference#Lunarnewyear2023, How should a firm go beyond financial measures to create a more environmentally sustainable and socially responsible future? 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. I hope to see it one day when it is safe to travel again. The average loan amount is CNY15,000 (US$2,254) and there have been zero defaults since its launch. 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. This button displays the currently selected search type. 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. Accounting Mini-series. It will let you stay up to date on current happenings and major developments in order to capitalize on your competitors weaknesses 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. This button displays the currently selected search type. Report. 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). Its efforts have also paid off with the company this month being ranked as having the second greenest textile supply chain in China, behind LeviStrauss and the fourth greenest across all sectors. In-depth analysis performed to produce this report will give you a clear and unbiased view of the company's strategy and growth prospects. 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. 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. Congratulations Tessie and Bryant! 4. Lets kick start our work at full strength! Esquel is also developing and nurturing two of its own retail brands of high quality shirts - PYE and DETERMINANT.. Most of the times the information our customers are looking for is not readily available in an off-the-shelf market research publication. 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. Synopsis of Business Strategy: Corporate strategy summarization: Domestic Strategy and International Strategy The third panel invited long-time business leaders to share their experiences and insights regarding the role of corporations during these times of. Companies product/service/brand portfolio analysis The company's operations are vertically integrated, from producing cotton, buttons, and packaging to design and manufacturing. 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. WeSuperseed created a heavily custom designed website layout. 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. 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. By way of explanation, he sets out some alarming numbers. 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. Esquel Sri Lanka operates two additional facilities, Ekala and Kegalle. Congrats Margie to you and your Esquel team, and to Ronald as well! Esquel offered its clients 1000 different fabrics annually The company made a substantial investment in innovations, to create new designs and fabric. At Esquel, we seek to provide quality employment that creates opportunities for all. [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. 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. 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. All our reports come with 10% customization at no extra cost 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.