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. #3ddesign #DPC #digitaltwin, Senior CSR & Sustainability Manager at foodpanda, Another successful lunch & learn experience at Colliers with more than 100 foodpanda reusable boxes! She believed that switching to lean production was the right response to rapid market changes, to achieve quality and agility. 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. Esquel Group (Chinese: ) is a Hong Kong-based textile and apparel manufacturer. All our reports are not limited only to subscription models. 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. The switch was far from straightforward, however. 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 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. While producing this report, we have followed a standardized research methodology which assures our data quality and authenticity. Otto Group Annual Report 2020/21. 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. Accounting Mini-series. The Clothing Manufacturer Service. Civic Exchange is a company with limited liability and a registered charity in Hong Kong. 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.. ESQUEL GROUP OF COMPANIES (Private) Company Profile, Corporate Revenues, Growth, Market Size, Analysis, Business Forecasts, Market Share, Metrics, SWOT Esquel Group of Companies is one of the world's largest producers of cotton shirts. Thanks for the opportunity for us to showcase our Esquel story. Esquel Group | 13,195 followers on LinkedIn. 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 . 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. Financial Year 2021-22. Our annual dinner in Hong Kong was successfully held last Saturday. 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. Our report is a guide for you to get potential investments and acquisition targets. Boston Consulting Group estimates that more than $22 trillion worth of goods flow across the world every year, a figure expected to reach almost $35 trillion by the end of the decade. Tammy Dalton, National Account Manager, MCI, Tammy Dalton. 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. 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 is currently transforming its operations from the conventional methods by adopting lean manufacturing principles. 4. 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. 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. 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%. TER, un acronyme d'actualit quand nos consciences nous appellent prserver la . A Chinese New Year Party was held yesterday for all of us to meet and greet. 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%.. The firms vertically integrated operation starts in China where it oversees cotton farms. Company share by region and sector, and company structure 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,. It is the world's largest woven shirt maker, producing about 100 million shirts annually. Company Overview. A big thank you to our partners in this wonderful project, including the architecture firm Ronald Lu & Partners for helping us materialize Esquels commitment in sustainable development through their outstanding architectural design. The farms supply spinning, dyeing and knitting facilities that produce high-quality cotton fabric. Phone: 852-2811-8077Fax: 852-2960-6988Address: 25 Harbour Rd., Harbour Center, Fl. On this Wikipedia the language links are at the top of the page across from the article title. [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. Keep the text short and simple. 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. 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. free lookups / month. Gain access to more than 1 million monopolized company profiles on a single platform Given Esquel's history, in which parts of the supply chain is the group's core where it has the deepest knowledge and expertise? Delicious food from Seoul Bros as always 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. Entity List. Its going to be a win-win situation if your incentives are going to be linked to productivity improvement.. [11], Most of the company's manufacturing facilities are in China. As strong advocates of sustainability, we love seeing large corporations taking responsibility to ensure their business is as sustainable as possible. People think workers are workers, that they sit in front of a sewing machine and generate a product. But crucially, the company is also moving the goalposts on the traditional way of thinking about issues such as labour costs. 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. When it comes to environmental impact the planet pillar of its strategy Esquel claims to have invested over US$150m over the last ten years in managing its water and energy consumption, including a wastewater treatment plant that processes more than 5,000 tons of water every day. Fairmont PD999--113. Purchase this report to inform your strategy, marketing, planning, sales and competitor intelligence functions, thus enabling you to formulate strategies that augment your business. . 13,192 followers 1w Report this . At the same time, a new approach helped establish trusting relationships with the customers due to the satisfaction of their needs and wants. 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.. [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. There is a call for computer vision. 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). 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. 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 . We started this about ten years ago, and since then about 1500 households have benefited from the programme. The Esquel Group is one of the worlds largest shirt manufacturers with a huge domestic market in China. In-depth analysis performed to produce this report will give you a clear and unbiased view of the company's strategy and growth prospects. They are also calling onSri Lankas Commissioner General of Labour to provide reemployment guarantees for the workers who lose their jobs as a result of the factory closures. This simple annual report template includes instructional text to assist you in building a good report. Deals mentioned in our company research report will help you understand corporate strategy from the companys core business segment perspective Notre histoire remonte 1949 et notre entreprise continue se dvelopper sur un socle de valeurs fortes. Esquel Group's supply chain was first linked to Xinjiang in a May 2019 Wall Street Journal report. The company had requested permission from the Commissioner General of Labour to terminate the workers' contracts. Latest Update: High and low-level overview, current news and information, due diligence on business practice, and business partners. They will also be responsible for calibrating the machines like a technician.. 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. Congrats Margie to you and your Esquel team, and to Ronald as well! Company offerings: Details on a list of companys major products/services/brands 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: Esquel has a long history of union busting and discrimination against union activists. But Yang says making a difference is as key as making profits. Or do we have other ways of looking at the bigger picture? Tungasked. You might think this is counter-intuitive, because if you increase the cost you are not earning as much. The farms supply spinning, dyeing and knitting facilities that produce high-quality cotton fabric. Entering a new mode of production was challenging, but I felt driven to excel in it, Ms. Tang said. Apart from quarterly updates, all our reports are updated prior to delivery. (business & personal). This analysis will help you track important events of the company PDF. Secondary / Desk Research 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.. 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. 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. 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. digitGaps custom research services are customer driven. This report will also provide you with the target companys key financial metrics and ratios Help and advice on how to conduct, export and save searches is available at all stages. Major deals are incorporated such as break of deals into categories and information which will assist your business research, 5. [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]. In-depth analysis performed to produce this report will give you a clear and unbiased view of the companys strategy and growth prospects. 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. View or download our Annual Report 2021-22, along with previous years reports showing our financial performance over the past 18 years. Enter employee name to find & verify emails, phones, social links, etc. This annual report matches the Red and Black design set. It's a great pleasure for us to join the Green Textiles, Innovation and Technology Forum and Exhibition today. Report. PDF. When expanded it provides a list of search options that will switch the search inputs to match the current selection. [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. Stay tuned to hear more from us! No credit card required. I am very impressed, I have to say! Well done! If your company is interested in trying this out - please reach out! Elton PD001--1463 Annual Report View In PDF DIGITAL VERSION. 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. You can update your choices at any time in your settings. The geographic presence in different regions can act as one of the major strength of the organisation. 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. The financial ratios available in our reports also include revenue trends, growth, profitability, margins, and returns, financial position, liquidity and leverage and efficiency ratios 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. [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. The company also has its own retail brands PYE and Determinant. digtiGaps 2018. Im amazed at how much information is available and the various ways to access it. Looking to the future, however, is when the companyreally raises the bar on sustainability. Outlook for Future Years. Please wait while the search results are loading Esquel Group of Companies is one of the worlds largest producers of cotton shirts. 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.
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