Otto Group Annual Report 2019/20. It will let you stay up to date on current happenings and major developments in order to capitalize on your competitors weaknesses Teams of colleagues competed in the Fai Chun Writing Contest, which allowed them to unleash their creativity and strengthen their bonding in between. 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. 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. #Esquel #makingadifference #45thanniversary #annualdinner, A fun little demonstration of using digital trims from JML Apparel using Style3D that I did a few months ago. Esquel Group | 13,195 followers on LinkedIn. 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. SDG 7: Ensure access to affordable, reliable, sustainable and modern energy for all. Esquel Group Careers and Employment About the company Founded 1978 Industry Manufacturing Esquel Group website Learn more Questions and answers People have asked 2 questions about working at Esquel Group. 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. We promote their well-being and enable them to grow personally and professionally. 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. 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. Esquel Group has an estimated 201 employees and an estimated annual revenue o. free lookups / month. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Hong Kong's independent public policy think tank. digitGaps custom research services are customer driven. 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. I think this is going to be the trend going forward: how to develop credible means of improving productivity rather than just looking at it as a cost. 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%.. #Esquel #MakingADifference #lunarnewyear2023, Leaping into the Year of the Rabbit, we wish you a wonderful new year. A. Devote space to photographs, infographics and other compelling visual elements. 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. #Esquel#MakingADifference#Lunarnewyear2023, How should a firm go beyond financial measures to create a more environmentally sustainable and socially responsible future? Apart from quarterly updates, all our reports are updated prior to delivery. 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. 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. To make the data easily digestible, we created a range of visual icons in a minimalistic illustration style to represent the respective data points. Our annual dinner in Hong Kong was successfully held last Saturday. Integral was also selected as a finalist for the Special Architectural Award (Architectural Sustainability Category). Through our company profiles, you can recognize potential partners and suppliers. Phone: 852-2811-8077Fax: 852-2960-6988Address: 25 Harbour Rd., Harbour Center, Fl. 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. We empower Esquelers to make their decisions, unleash their potential, and build a positive and respectful working environment by adopting our #eCulture. 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. Data Sources: Share your feedback. Looking to the future, however, is when the companyreally raises the bar on sustainability. Looking for a particular Esquel Group employee's phone or email? 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. Instead, we are actually giving mandates to our factory general managers to try to increase the salary or our workers, rather than reduce the salary. Great team work & great achievements. Esquel harnesses technology to transform its operations and commercialize its innovations. Fairmont PD999--113. 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. As strong advocates of sustainability, we love seeing large corporations taking responsibility to ensure their business is as sustainable as possible. 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.. Over the years, Esquel has grown from a shirtmaker to a total solutions provider in textiles and apparel, a curator in industrial . Gain access to more than 1 million monopolized company profiles on a single platform Workers suspect that the factories will be reopened with new owners, but fear that union members and supporters will not be rehired. Popular questions Work from Home Entering a new mode of production was challenging, but I felt driven to excel in it, Ms. Tang said. Esquel is also developing and nurturing two of its own retail brands of high quality shirts - PYE and DETERMINANT.. Esquel is a manufacturer and supplier of apparels for men and women. [4] Esquel Group's headquarters is located in London, England, GB W1U 3RF. 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. [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 had requested permission from the Commissioner General of Labour to terminate the workers' contracts. This report contains Esquel Group Limited company and market share data which will help you understand the detailed picture of companys financial position. Annual Report. #Esquel #makingadifference #45thanniversary #annualdinner, May the full moon bring you a joyful home and a successful future! 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 . All our reports are not limited only to subscription models. 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: This is the model were trying to aim for: were going to use less people, were going to use people who are better educated, were going to have zero discharge, and were going to use a lot of automation and data to try to create value., Apparel sourcing and textile industry news & analysis, Inflation hits Vietnams apparel, footwear sectors as China reopens, Two years post-military coup: Myanmar garment sector battles instability, poverty, Can the EU garment sector survive the energy crisis challenge, Kelheim Fibres, Recycling Atelier Augsburg team to drive green fibre development, AAFA, IAF sign MoU for industry collaboration, Texworld sourcing show heads to Los Angeles, ETI backs IndustriALL framework for responsible Myanmar exit, Higg Brand & Retail Module revamped to accelerate industry green transition, Modern Meadow, Singtex team on sustainably developed outdoor wear, Australian PE firm Anchorage Capital acquires David Jones from Woolworths, Global Fashion Group exits Russia following Lamoda sale, Leading digital transformation software providers for the apparel industry, Leading artificial intelligence (AI) companies for the apparel industry, Leading cloud computing companies for the apparel industry, second greenest textile supply chain in China, Delivery Innovation in Apparel - Thematic Research, Wearable Technology in Apparel - Thematic Research, Strategic Focus Report Communications & Collaboration, Strategic Focus Report: Communications & Collaboration, The Hong Kong Research Institute of Textiles and Apparel Limited, Inflation hits Vietnam's apparel, footwear sectors as China reopens, Top opportunities for manufacturers in the fashion industry today. Many thanks to Lucy Cromwell and Jiwon Choi for kickstarting this fantastic opportunity and we look forward to making these reusable lunches more frequent! Elton PD001--1463 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. Up to 5 At Esquel, we prioritize investment in the growth and well-being of our employees. Deals mentioned in our company research report will help you understand corporate strategy from the companys core business segment perspective Lorem ipsum dolor sit amet consectetur adipisicing elit. Colleagues showed their talents through stunning performances. It's a great pleasure for us to join the Green Textiles, Innovation and Technology Forum and Exhibition today. [2] Esquel supplies textile to companies such as Li Ning, ANTA Sports, Fila, Giordano, Muji. 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 Jul 2012 - Sep 2015 3 years 3 months. Since then, the companies have been doing subcontracting for local manufacturers. Detailed intelligence on Competition: Insights on key competitors This button displays the currently selected search type. 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. NN Group's Annual Report is available for download at www.nn-group.com/annual-report. Director, Derby Entrepreneurship Center @Tufts | Corporate Innovation Consultant | Keynote Speaker and Author, Senior Business Consultant at Organicoguru Lanka (Pvt) Ltd. Congratulations ! As a knowledge-based innovation company, we believe our employees are our greatest assets. Fairmont PD001--552. Legal Structure and Ownership: Synopsis on companys shareholders outlining the legal structure and ownership It determines the business's reach to the target market and ensures the easy accessibility. Its clientele include Abercrombie & Fitch, Jack & Jones, Gant, Hugo Boss, Lacoste, Ralph Lauren, Tommy Hilfiger, and Nautica. Annual Report View In PDF DIGITAL VERSION. 9.4.The inability of Jamaica to adequately control corruption as shown in Fig. Accounting Mini-series. So proud to be an ex Esqualler . The average loan amount is CNY15,000 (US$2,254) and there have been zero defaults since its launch. This process has been going on for over 1.5 years, and now is the time for all the other actors engaged to step up and make sure an agreement is negotiated with the FTZ-GSEU, says Ineke Zeldenrust, Clean Clothes Campaign International Coordinator. All our reports come with 10% customization at no extra cost China, European Union, United Kingdom, USA . What are the stages of the supply chain (value system) in which Esuqel operates (see Exhibit 5) What are the top 1 or 2 competencies would you need in each to be successful? 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: In this one-hour discussion, Marjorie shared how we leverage our integrated supply chain to advance our vision of Making A Difference. Over the years, Esquel has grown from a shirtmaker to a total solutions provider in textiles and apparel, a curator in industrial . 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. Esquel Group's supply chain was first linked to Xinjiang in a May 2019 Wall Street Journal report. 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. 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. Here are some pointers for a good annual report design: Use headings and subheadings. Esquel Group Limited manufactures textiles and apparel. The firm's vertically integrated operation starts in China where it oversees cotton farms. 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. Many of these workers have been employed by Esquel for decades. [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. Stay tuned to hear more from us! Company offerings: Details on a list of companys major products/services/brands We started this about ten years ago, and since then about 1500 households have benefited from the programme. Esquel Group was founded in 1978. Company Overview. The team has looked through the material and are very happy with the data you pulled together. The company also has its own retail brands PYE and Determinant. There is a call for computer vision. Need a customized "Company Intelligence" or "Industry Research" report? The switch was far from straightforward, however. With further communication and internal training, the team eventually saw a drastic boost to their production efficiency and performance. It was not until legislation was. 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,. The financial ratios available in our reports also include revenue trends, growth, profitability, margins, and returns, financial position, liquidity and leverage and efficiency ratios 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.. Locations/Facilities: Contact details listing the key locations/facilities, subsidiaries of the company Founded in 1978, Esquel Group has grown to become one of the largest cotton-shirt maker and exporter in the world. Offering the education necessary to elevate these skills is also something Esquel has taken on board. If your company is interested in trying this out - please reach out! On-demand/custom research company analysis request can also be availed Analyst research Esquel Group's goal is to. The farms supply spinning, dyeing and knitting facilities that produce high-quality cotton fabric. 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. Congratulations Tessie and Bryant! Search over 700 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. Esquel Group ( Chinese: ) is a Hong Kong-based textile and apparel manufacturer. At Esquel, we seek to provide quality employment that creates opportunities for all. Secondary / Desk Research 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. Im amazed at how much information is available and the various ways to access it. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Overview of key events: Company evolution including company history and key event View full 2021 Annual Report. A recent ICC report highlights that there remains considerable possibilities for trade to play a more significant role in achieving the Paris Agreement targets . 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. 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. Colleagues showed their talents through stunning performances. Following our feature video from Guilin, Edgar Tung, incoming CEO of Esquel Group, announced Esquel's Pledge to Net Zero. She believed that switching to lean production was the right response to rapid market changes, to achieve quality and agility. The company also has its own retail brands PYE and Determinant. 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.. 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 more I get into the database, the happier I am that well have itREALLY happy!!! This report provides a case study of The Esquel Group (EG), a prominent, Hong Kong-based textiles and garments manufacturer. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Our company research profile will give you information on deals segmented by regions, year, business and type for a period of 5 years
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