Report. As strong advocates of sustainability, we love seeing large corporations taking responsibility to ensure their business is as sustainable as possible. 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. digitGaps is presenting this report to you to understand companys key strengths, weaknesses, potential opportunities, and threats. Looking For Custom Company Research Report? Esquel has a long history of union busting and discrimination against union activists. At this point surely the recruitment team need to be fired? Plunkett Research Online provides a great one stop shop for us to quickly come up to speed on major industries. to allegations of forced labor. Also, it will help you qualify prospective partners, affiliates or suppliers We started this about ten years ago, and since then about 1500 households have benefited from the programme. #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. In addition, there will often be graphs or charts included, helping break down the financials into easily readable information. Esquel's Commitment to Xinjiang As a knowledge-based innovation company, Esquel Group operates through our distinct business groups. 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. Well done! Our office complex in Integral reimagined workspace built for teamwork and productivity. Delicious food from Seoul Bros as always #Esquel #integral #makingadifference #greentextiles #innovation #technology, Our annual dinner in Hong Kong was successfully held last Saturday. 13,192 followers 1w Report this . Most of the times the information our customers are looking for is not readily available in an off-the-shelf market research publication. The firm's vertically integrated operation starts in China where it oversees cotton farms. All rights reserved. Teething issues such as inconsistent procedures and uneven cycle times per machine caused colleagues to grumble from the unstable workload. 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). Strengths of Esquel Group Integrating Business Strategy and Corporate Social Responsibility is the first element of the SWOT matrix. Esquel (Mauritius) Ltd has a manpower of 2710 comprising of both local and foreign employees from Bangladesh, Madagascar, Nepalese, Sri Lankans, Malaysians and Indian. This ensures that all the latest information is captured to enable you to make informed decisions 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. Many of these workers have been employed by Esquel for decades. The two Koggala factories have been non-operational since 15 March. Challenges and threats from current competition and future prospects so that you can understand your competitors business structure and strategies and respond to them Our company profiles assist you to formulate strategic analysis in order to understand your customers, partners, and competitors, enabling you amplify your business better. The company also has its own retail brands PYE and Determinant. In-depth analysis performed to produce this report will give you a clear and unbiased view of the companys strategy and growth prospects. Esquel Group Jul 2012 - Sep 2015 3 years 3 months. SDG 6: Ensure availability and sustainable management of water and sanitation for all. 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. Registered in the State ofDelaware. Esquel is a knowledge-based innovation company that continuously pushes for positive change in the textile and apparel business,. This information contains a summary of each deal by type, rationale, and financials 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. 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 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). 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.. The Esquel Group is one of the worlds largest shirt manufacturers with a huge domestic market in China. Buying this report will assist you to gain key insights into the happenings around companies business and academic research But its focus is not on the cost of this labour, rather the productivity they can generate. Accounting Mini-series. As a knowledge-based innovation company, we believe our employees are our greatest assets. 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.. 9.3 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 . 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%.. 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. 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. This button displays the currently selected search type. The company was also mentioned in a draft bill introduced in the House and . The company had requested permission from the Commissioner General of Labour to terminate the workers' contracts. But what we are trying to do is link the productivity improvement with the net take-home pay of our workers. 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. Esquel Group Limited was founded in 1978 and is based in Wanchai, Hong Kong. Given Esquel's history, in which parts of the supply chain is the group's core where it has the deepest knowledge and expertise? This button displays the currently selected search type. I hope to see it one day when it is safe to travel again. 3,63 MB. Many thanks to Lucy Cromwell and Jiwon Choi for kickstarting this fantastic opportunity and we look forward to making these reusable lunches more frequent! . They will also be responsible for calibrating the machines like a technician.. 9.4.The inability of Jamaica to adequately control corruption as shown in Fig. And thats not including the social aspect, such as low wages and poor working conditions. #Esquel #MakingADifference #sustainability, Usher in the Lunar New Year! Company Overview. A. Morgan, Lewis & Bockius LLP. 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. Key personnel information with biographies [4], The family owned business was founded in 1978 by family patriarch Yang Yuan-loong[zh]. You will get an exact picture of companys core strengths and weaknesses. Crocs, Inc. proudly reported record annual revenues of $3.6 billion, growing 54 percent over 2021. 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. Phone: 852-2811-8077Fax: 852-2960-6988Address: 25 Harbour Rd., Harbour Center, Fl. Mergers and Acquisition/Deals & Alliances/ Partnerships & Investment: Information on historical, current/projected merger and acquisitions, deals, partnerships, alliances and investments 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. Company Headcount: List of key employees as well as the headcount of the company, hierarchy No credit card required. 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 . Deals mentioned in our company research report will help you understand corporate strategy from the companys core business segment perspective Corporate websites ESOP. Lets kick start our work at full strength! Detailed intelligence on Competition: Insights on key competitors - Planning and developing merchandising strategies - Preparing quarterly sales report, buying and capacity analysis. Stay tuned to hear more from us! While producing this report, we have followed a standardized research methodology which assures our data quality and authenticity. Esquel is a manufacturer and supplier of apparels for men and women. On-demand/custom research company analysis request can also be availed Over the years, Esquel has grown from a shirtmaker to a total solutions provider in textiles and apparel, a curator in industrial . 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.. Up to 5 The vertical marketing tool is very helpful, for it assists us in that venue, as well as targeting customers competition for new salesThe comprehensive material is absolutely fabulous. The farms supply spinning, dyeing and knitting facilities that produce high-quality cotton fabric. [12] The company has strategy of upgrading or opening new facilities with better automation to counter the competitive pressure of rising wages. #3ddesign #DPC #digitaltwin, Senior CSR & Sustainability Manager at foodpanda, Another successful lunch & learn experience at Colliers with more than 100 foodpanda reusable boxes! Tammy Dalton, National Account Manager, MCI, Tammy Dalton. [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. 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 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. 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. Ideally, readers should be able to scan through the document and get the information they need. An annual report is a corporate document disseminated to shareholders that spells out the company's financial condition and operations over the previous year. This report will also provide you with the target companys key financial metrics and ratios Information on new product development/services as well as marketing and distribution strategies, 4.2 Esquel Group Limited SWOT Analysis profile will help you gain knowledge upon: Financial Year 2021-22. Outlook for Future Years. 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. The farms supply spinning, dyeing and knitting facilities that produce high-quality cotton fabric. Congratulations Tessie and Bryant! 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. Press release. 2. Lorem ipsum dolor sit amet consectetur adipisicing elit. 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 Company offerings: Details on a list of companys major products/services/brands 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. View a snaphot of our 2021 Annual. On this Wikipedia the language links are at the top of the page across from the article title. Pay via Invoice/Credit Card/Debit Card/ACH/SEPA/Direct Debit or Bank Transfer. SWOT Analysis: Company information detailing strengths, weaknesses, opportunities, threats, growth strategies, investments signal key strategic targets, challenges, and objectives 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. Its clientele include Abercrombie & Fitch, Jack & Jones, Gant, Hugo Boss, Lacoste, Ralph Lauren, Tommy Hilfiger, and Nautica. Esquel is also developing and nurturing two of its own retail brands of high quality shirts - PYE and DETERMINANT.. Teams of colleagues competed in the Fai Chun Writing Contest, which allowed them to unleash their creativity and strengthen their bonding in between. Esquel is doing everything they can to close their facilities without paying workers in full, and to punish the unionized workers in the process. Koggala factory garment workers during a work stoppage in November 2021, Statement on the closure of two Sri Lankan factories amid severe financial crisis. 4. [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]. Esquel Group was founded in 1978. The more I get into the database, the happier I am that well have itREALLY happy!!! It includes their financial performance and activities over the prior fiscal year. Liked by Edgar Tung. free lookups / month. 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. 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. Esquel Group's headquarters is located in London, England, GB W1U 3RF. USE THE COUPON CODE AT THE CART OR CHECKOUT PAGE. 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%. #reusablepackaging #sustainability #plasticwaste #food, Director (Legal Recruitment) at Okumura Partners Limited. 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. Yang believes the most. In Esquels case, it is definitely the latter. NN Group's Annual Report is available for download at www.nn-group.com/annual-report. 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.. #Esquel #makingadifference #45thanniversary #annualdinner, May the full moon bring you a joyful home and a successful future! [11], Most of the company's manufacturing facilities are in China. This simple annual report template includes instructional text to assist you in building a good report. Colleagues showed their talents through stunning performances. That ruling remains pending. Finally, the visual style needed to be aesthetically uniform with the Esquel Group & Esquel Sustainability brand. 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. You can update your choices at any time in your settings. Copyright 2023 Civic Exchange. Our Reports. We empower Esquelers to make their decisions, unleash their potential, and build a positive and respectful working environment by adopting our #eCulture.

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