Mergers and Acquisition/Deals & Alliances/ Partnerships & Investment: Information on historical, current/projected merger and acquisitions, deals, partnerships, alliances and investments Tessie was invited as the keynote speaker to share how the transformation of the textile industry connects closely with sustainable development. People think workers are workers, that they sit in front of a sewing machine and generate a product. Guilin, Guangxi, China - Researched energy-conscious initiatives to be . Esquel Group's headquarters is located in London, England, GB W1U 3RF. Stay tuned to hear more from us about our sustainability journey. 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. 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%. Devote space to photographs, infographics and other compelling visual elements. Legal Structure and Ownership: Synopsis on companys shareholders outlining the legal structure and ownership A recent ICC report highlights that there remains considerable possibilities for trade to play a more significant role in achieving the Paris Agreement targets . Ideally, readers should be able to scan through the document and get the information they need. Esquel has a long history of union busting and discrimination against union activists. 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 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. The company also has its own retail brands PYE and Determinant. On-demand/custom research company analysis request can also be availed Enter employee name to find & verify emails, phones, social links, etc. Esquel Group Jul 2012 - Sep 2015 3 years 3 months. Looking for a "Syndicated, Qualitative or Quantitative Market Research Solution? Our report will get you access to elaborate information on the companys financial deal which will help you understand key deals. The company's operations are vertically integrated, from producing cotton, buttons, and packaging to design and manufacturing. Annual report (Red and Black design) Use this annual report template to create a report for your business. We typically pull content from a variety of sources including: Looking for a particular Esquel Group employee's phone or email? 6,10 MB. Following our feature video from Guilin, Edgar Tung, incoming CEO of Esquel Group, announced Esquel's Pledge to Net Zero. 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. The firms vertically integrated operation starts in China where it oversees cotton farms. Otto Group Annual Report 2020/21. [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. 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. By way of explanation, he sets out some alarming numbers. 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. Esquel is also developing and nurturing two of its own retail brands of high quality shirts - PYE and DETERMINANT.. Esquel Group (Hong Kong) Launching a Sustainable Mask Amidst a Public Health Crisis January 2021 Extraordinary Endeavors in Turbulent Times: Asian Innovation, Inclusion, and Impact during COVID-19 A Joint Report by the Asia Business Council and the Hong Kong University of Science and Technology Other case studies in the series Civic Exchange is a company with limited liability and a registered charity in Hong Kong. Thank you to all who joined us in celebrating the Chinese New Year. Its going to be a win-win situation if your incentives are going to be linked to productivity improvement.. 3,63 MB. We had the privilege of working with them to revamp their annual Sustainability Report website. Journalist coverage / News stories Outlook for Future Years. 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. This button displays the currently selected search type. Challenges and threats from current competition and future prospects so that you can understand your competitors business structure and strategies and respond to them Founded in 1978, Esquel Group has grown to become one of the largest cotton-shirt maker and exporter in the world. Annual reports typically include financial statements, such as balance sheets, income statements, and cash flow statements. No credit card required. Esquel Sri Lanka operates two additional facilities, Ekala and Kegalle. It is the world's largest woven shirt maker, producing about 100 million shirts annually. Share your feedback. We promote their well-being and enable them to grow personally and professionally. 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. 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. 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. Deals mentioned in our company research report will help you understand corporate strategy from the companys core business segment perspective Many thanks to Lucy Cromwell and Jiwon Choi for kickstarting this fantastic opportunity and we look forward to making these reusable lunches more frequent! It's a great pleasure for us to join the Green Textiles, Innovation and Technology Forum and Exhibition today. free lookups / month. Analyst research [12] The company has strategy of upgrading or opening new facilities with better automation to counter the competitive pressure of rising wages. In the first place, Esquel improved the quality of the provided services and products, as a new IT solution made reporting easier and faster. Yang believes the most. Were looking at the education level of our supervisors as a KPI that we need to constantly improve. But crucially, the company is also moving the goalposts on the traditional way of thinking about issues such as labour costs. You might think this is counter-intuitive, because if you increase the cost you are not earning as much. #EsquelGroup #MakingaDifference #Integral #Sustainability #HKIAAnnualAwards #Guilin #SustainableDevelopmentGarden #rlp. Once purchased, digitGaps client support team will deliver the report in PDF format. The switch was far from straightforward, however. 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. 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. 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. From there, we also illustrated how people work harmoniously with nature. Lets take the opportunity to explore the beauty of Integral through this Chinese New Year greetings series. Companies product/service/brand portfolio analysis 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. We strive to achieve One Esquel One Team through our happiness culture! Our Vice Chairman Teresa Yang said that this award win is another major recognition of Esquels vision of Making a Difference embodied by Integrals pioneering architectural design and development model. 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. digitGaps is presenting this report to you to understand companys key strengths, weaknesses, potential opportunities, and threats. #Esquel #makingadifference. But what we are trying to do is link the productivity improvement with the net take-home pay of our workers. Purchase this report to inform your strategy, marketing, planning, sales and competitor intelligence functions, thus enabling you to formulate strategies that augment your business. 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). When expanded it provides a list of search options that will switch the search inputs to match the current selection. Esquel (Mauritius) Ltd has a manpower of 2710 comprising of both local and foreign employees from Bangladesh, Madagascar, Nepalese, Sri Lankans, Malaysians and Indian. 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. At Esquel, we prioritize investment in the growth and well-being of our employees. Esquel is a knowledge-based innovation company that continuously pushes for positive change in the textile and apparel business,. #3ddesign #DPC #digitaltwin, Senior CSR & Sustainability Manager at foodpanda, Another successful lunch & learn experience at Colliers with more than 100 foodpanda reusable boxes! This information contains a summary of each deal by type, rationale, and financials The farms supply spinning, dyeing and knitting facilities that produce high-quality cotton fabric. Esquel also bases its sustainability strategy on four different pillars namely people, planet, product and community overseen by a Sustainability Council set up five years ago. In-depth analysis performed to produce this report will give you a clear and unbiased view of the company's strategy and growth prospects. Sustainability Pays Dividends Importance of 'Soft' Technology for China. A REPRESENTATIVE LIST OF ORGANIZATIONS THAT HAVE USED OUR RESEARCH PRODUCTS: Your tool is very comprehensive and immensely useful. Over the years, Esquel has grown from a shirtmaker to a total solutions provider in textiles and apparel, a curator in industrial . We are especially trying to push Plunkett since all of our students have to do so much industry research and your interface is so easy to use. Lets kick start our work at full strength! . Secondary / Desk Research Colleagues showed their talents through stunning performances. Over the years, Esquel has grown from a shirtmaker to a total solutions provider in textiles and apparel, a curator in industrial . So proud to be an ex Esqualler . Esquel Group Limited was founded in 1978 and is based in Wanchai, Hong Kong. Please wait while the search results are loading Esquel Group of Companies is one of the worlds largest producers of cotton shirts. Under pressure from management, some of the workers agreed to sign voluntary resignation agreements with the understanding that they would receive more than their legal entitlement as promised by the company in writing, but with no financial details provided to justify the closure. 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. [4], The family owned business was founded in 1978 by family patriarch Yang Yuan-loong[zh]. [5] The opening of China that year had according to one of Yang's daughters led to the decision to establish the company. 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. 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..