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. We started this about ten years ago, and since then about 1500 households have benefited from the programme. China, European Union, United Kingdom, USA . Phone: 852-2811-8077Fax: 852-2960-6988Address: 25 Harbour Rd., Harbour Center, Fl. Esquel Group ( Chinese: ) is a Hong Kong-based textile and apparel manufacturer. Esquel Group is one of the few large textile manufacturing groups to do so. Stay tuned to hear more from us! PDF. Delicious food from Seoul Bros as always Lets go the extra mile with a year full of celebrations and breakthroughs for Esquel. 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. Registered in the State ofDelaware. Analyst research The firm's vertically integrated operation starts in China where it oversees cotton farms. Esquel Group May 2014 - Aug 2014 4 months. This button displays the currently selected search type. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Strengths of Esquel Group Integrating Business Strategy and Corporate Social Responsibility is the first element of the SWOT matrix. digitGaps custom research services are customer driven. Elton PD001--1463 I really appreciate the depth you were able to get to so quickly (for our project). #Esquel #MakingADifference #lunarnewyear2023, We are the true agent of change. There are also companies nearby wanting to use the app, so we are opening this platform to other companies., Talking about apps, we actually have factory workers writing mobile apps, and have received over 1,000 applications for different ideas., As well as focusing on people and the planet, we also think it is very important to look at the product we develop., Take a T-shirt: the bleaching process uses a lot of chemicals, but since we are producing our own cotton and yarn, if we carefully select the cotton fibres that are whiter in colour we can actually reduce the bleaching process.. You might think this is counter-intuitive, because if you increase the cost you are not earning as much. 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 button displays the currently selected search type. 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. Data Sources: The financial ratios available in our reports also include revenue trends, growth, profitability, margins, and returns, financial position, liquidity and leverage and efficiency ratios The case is still pending. If you can't read this PDF, you can view its text here. Esquel Group | 11,811 followers on 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. 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. 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. Keep the text short and simple. Esquel is currently transforming its operations from the conventional methods by adopting lean manufacturing principles. Looking for a particular Esquel Group employee's phone or email? 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. Great team work & great achievements. [12] The company has strategy of upgrading or opening new facilities with better automation to counter the competitive pressure of rising wages. The geographic presence in different regions can act as one of the major strength of the organisation. This report will provide you strategic intelligence category and opportunities for growth as well as global and regional market position Well done! Sustainability Pays Dividends Importance of 'Soft' Technology for China. The firms vertically integrated operation starts in China where it oversees cotton farms. Looking for a "Syndicated, Qualitative or Quantitative Market Research Solution? 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,. Key personnel information with biographies Esquel is a manufacturer and supplier of apparels for men and women. Buying this report will assist you to gain key insights into the happenings around companies business and academic research At the same time, a new approach helped establish trusting relationships with the customers due to the satisfaction of their needs and wants. We strive to achieve One Esquel One Team through our happiness culture! 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 has an estimated 201 employees and an estimated annual revenue o. Our report will get you access to elaborate information on the companys financial deal which will help you understand key deals. 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 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. Given Esquel's history, in which parts of the supply chain is the group's core where it has the deepest knowledge and expertise? 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. Purchase this report to inform your strategy, marketing, planning, sales and competitor intelligence functions, thus enabling you to formulate strategies that augment your business. We empower Esquelers to make their decisions, unleash their potential, and build a positive and respectful working environment by adopting our #eCulture. 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 . [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]. 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. In this one-hour discussion, Marjorie shared how we leverage our integrated supply chain to advance our vision of Making A Difference. Search over 700 This will be a major resource for our serious job seekers. 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. million verified professionals across 35 million companies. The approximately 2,000 workers at these facilities also face unsure futures as both leases run out by end of this year. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Fairmont PD999--113. The team has looked through the material and are very happy with the data you pulled together. Journalist coverage / News stories Lets kick start our work at full strength! Against this backdrop, the Hong Kong-based textile and apparel giant has made it its mission to weave sustainability into its core values, and across a vertical supply chain that spans every step from cotton farming, through spinning, weaving and knitting, to apparel making, accessories and packaging, retail and distribution. 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. SDG 7: Ensure access to affordable, reliable, sustainable and modern energy for all. 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. Or do we have other ways of looking at the bigger picture? Tungasked. 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. It will let you stay up to date on current happenings and major developments in order to capitalize on your competitors weaknesses Overview of key events: Company evolution including company history and key event Colleagues showed their talents through stunning performances. 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. Synopsis of Business Strategy: Corporate strategy summarization: Domestic Strategy and International Strategy Pay via Invoice/Credit Card/Debit Card/ACH/SEPA/Direct Debit or Bank Transfer. 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. 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. Since then, the companies have been doing subcontracting for local manufacturers. An annual report is a corporate document disseminated to shareholders that spells out the company's financial condition and operations over the previous year. [4] When we are looking at sustainability the first thing that comes to mind is people, Tung added perhaps not surprisingly given that the business employs around 55,000 workers globally, 40,000 of them in its garment manufacturing sites in China, Malaysia, Mauritius, Sri Lanka and Vietnam. 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. [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. Popular questions Work from Home Annual Report. (business & personal). #EsquelGroup #MakingaDifference #Integral #Sustainability #HKIAAnnualAwards #Guilin #SustainableDevelopmentGarden #rlp. This ensures that all the latest information is captured to enable you to make informed decisions Over the years, Esquel has grown from a shirtmaker to a total solutions provider in textiles and apparel, a curator in industrial . 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. As strong advocates of sustainability, we love seeing large corporations taking responsibility to ensure their business is as sustainable as possible. So if you can use less time, generate higher output, we are going to give you more money. If you think about a robotic arm as your hand, you also need a pair of eyes to try to assess the fabric position. Financial Year 2021-22. 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. We provide quality employment and improve the livelihood of the communities in which we operate. Even so, Ms. Tang stayed focused on her vision. to allegations of forced labor. 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. Wendy Stotts, Manager, Carlson Companies-Information Center. Esquel Group Limited manufactures textiles and apparel. In the first place, Esquel improved the quality of the provided services and products, as a new IT solution made reporting easier and faster. Otto Group Annual Report 2018/19. All our reports are not limited only to subscription models. #Esquel#MakingADifference#Lunarnewyear2023, How should a firm go beyond financial measures to create a more environmentally sustainable and socially responsible future? 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. Esquel Group. 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. 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. 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). But its focus is not on the cost of this labour, rather the productivity they can generate. 5,53 MB. 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. Esquel Group recruited more than 150 college graduates, having engineering background, to the mangineer programme in 2015. 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. Major deals are incorporated such as break of deals into categories and information which will assist your business research, 5. The company had requested permission from the Commissioner General of Labour to terminate the workers contracts. Tammy Dalton, National Account Manager, MCI, Tammy Dalton. 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! Request Custom Company Research Report Here: https://digitgaps.com/custom-research/. 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 more I get into the database, the happier I am that well have itREALLY happy!!! The company had requested permission from the Commissioner General of Labour to terminate the workers' contracts. 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. Latest Update: High and low-level overview, current news and information, due diligence on business practice, and business partners. Jul 06, 2021, 12:00 ET. She believed that switching to lean production was the right response to rapid market changes, to achieve quality and agility. The average loan amount is CNY15,000 (US$2,254) and there have been zero defaults since its launch. Annual reports typically include information regarding its future . 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. Esquel Group is one of the few large textile manufacturing groups to do so. Report. Thank you to all who joined us in celebrating the Chinese New Year. 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. Our Reports. The layout design reflected a traditional folder with the right side as navigation tabs for each of their Sustainability Pillar. 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. Director, Derby Entrepreneurship Center @Tufts | Corporate Innovation Consultant | Keynote Speaker and Author, Senior Business Consultant at Organicoguru Lanka (Pvt) Ltd. Congratulations ! 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.. digitGaps provide you the detailed information on major recent deals. 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. Ces valeurs sont T ransparence, E xcellence et R entabilit. All pre-sales and post-sales queries are addressed by our analyst We typically pull content from a variety of sources including:

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