Lets kick start our work at full strength! digitGaps Custom Research solution is tailored and optimized in a unique way to meet our customers specific needs. An annual report is a document that contains comprehensive financial information about public companies, small and large corporations, non-profit organizations, partnerships, and other businesses. Detailed view of Business and Operations: Company description will give you detailed information regarding companys businesses, its divisions, and operations digtiGaps 2018. Esquel directly employs around 55,000 people across the world but, adding in their family members, the company estimates between 100,000 and 200,000 people areimpacted by its actions. Our report will get you access to elaborate information on the companys financial deal which will help you understand key deals. Esquel Sri Lanka operates two additional facilities, Ekala and Kegalle. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Hong Kong's independent public policy think tank. [4] 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. NN Group's Annual Report is available for download at www.nn-group.com/annual-report. 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. If you think about a robotic arm as your hand, you also need a pair of eyes to try to assess the fabric position. 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. 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. She believed that switching to lean production was the right response to rapid market changes, to achieve quality and agility. 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. In addition, there will often be graphs or charts included, helping break down the financials into easily readable information. 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. 13,192 followers 1w Report this . Fond memories remain of my time in Hong Kong . 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 | 11,811 followers on LinkedIn. You can update your choices at any time in your settings. Buying this report will assist you to gain key insights into the happenings around companies business and academic research Legal Structure and Ownership: Synopsis on companys shareholders outlining the legal structure and ownership Tammy Dalton, National Account Manager, MCI, Tammy Dalton. 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. Esquel (Mauritius) Ltd has a manpower of 2710 comprising of both local and foreign employees from Bangladesh, Madagascar, Nepalese, Sri Lankans, Malaysians and Indian. Management Team: Names, Profiles, Information on key personnel managing the business, heading key departments and function with their employment history and executive biographies Report. Analyst research WeSuperseed created a heavily custom designed website layout. 2. Group annual report - Risk and governance report PDF (5.11 MB) Group annual report - Annual financial statements PDF (4.71 MB) Group annual report - Remuneration report PDF (4.69 MB) Investec Group sustainability report PDF (11.79 MB) Investec Limited annual report . 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.. #Esquel #MakingADifference #lunarnewyear2023, We are the true agent of change. We had the privilege of working with them to revamp their annual Sustainability Report website. Right from company SWOT analysis, financial insights to merger and acquisitions/deals details are available in our single report It was not until legislation was. director at Opulent Textiles Corp Sdn Bhd. #Esquel#MakingADifference#Lunarnewyear2023, How should a firm go beyond financial measures to create a more environmentally sustainable and socially responsible future? 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. This is essentially improving the quality of employment; people nowadays talk about a work-life balance, they dont want to work on a factory floor all the time. #Esquel #MakingADifference #lunarnewyear2023, Spreading joy and good luck through Chinese calligraphy! 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). [2] Esquel supplies textile to companies such as Li Ning, ANTA Sports, Fila, Giordano, Muji. Details: Hong Kong-based Changji Esquel Textile Co. Ltd, one of the companies placed on the U.S. entities list, is headquartered in Urumqi and is owned by Esquel Group. This will be a major resource for our serious job seekers. 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 has an estimated 201 employees and an estimated annual revenue o. The farms supply spinning, dyeing and knitting facilities that produce high-quality cotton fabric. Esquel's vertically-integrated operations, extended from cottonseeds to shirts, ensure the highest quality in every step of the apparel manufacturing process. Learn more in our Cookie Policy. It is the world's largest woven shirt maker, producing about 100 million shirts annually. Esquel is a manufacturer and supplier of apparels for men and women. Otto Group Annual Report 2020/21. This report will provide you strategic intelligence category and opportunities for growth as well as global and regional market position This report provides a case study of The Esquel Group (EG), a prominent, Hong Kong-based textiles and garments manufacturer. The Clothing Manufacturer Service. [5] The opening of China that year had according to one of Yang's daughters led to the decision to establish the company. The next thing we are doing with these cotton farmers is teaching them online banking, so instead of giving them cash when they sell us the cotton, we are transferring the money online.. 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,. We empower Esquelers to make their decisions, unleash their potential, and build a positive and respectful working environment by adopting our #eCulture. Jul 06, 2021, 12:00 ET. 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. {{ userNotificationState.getAlertCount('bell') }}. Esquel operates two cotton ginning mills in Xinjiang and three spinning mills, where cotton is spun into yarn. The average loan amount is CNY15,000 (US$2,254) and there have been zero defaults since its launch. free lookups / month. Esquel Group ( Chinese: ) is a Hong Kong-based textile and apparel manufacturer. The carbon footprint analyses of our proprietary assets and the EU Taxonomy disclosures have been incorporated in the Annual Report as of this year. 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. Strengths of Esquel Group Integrating Business Strategy and Corporate Social Responsibility is the first element of the SWOT matrix. [3], Its head office is in Harbour Centre[zh] (), Wan Chai. Lets take the opportunity to explore the beauty of Integral through this Chinese New Year greetings series. This ensures that all the latest information is captured to enable you to make informed decisions Founded in 1978, Esquel Group has grown to become one of the largest cotton-shirt maker and exporter in the world. This information contains a summary of each deal by type, rationale, and financials Its efforts have also paid off with the company this month being ranked as having the second greenest textile supply chain in China, behind LeviStrauss and the fourth greenest across all sectors. 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. [4], The family owned business was founded in 1978 by family patriarch Yang Yuan-loong[zh]. [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]. Gain access to more than 1 million monopolized company profiles on a single platform You can avail the reports as per your needs Our annual dinner in Hong Kong was successfully held last Saturday. Data Sources: Looking For Custom Company Research Report? The team has looked through the material and are very happy with the data you pulled together. Looking for a particular Esquel Group employee's phone or email? #Esquel #integral #makingadifference #greentextiles #innovation #technology, Our annual dinner in Hong Kong was successfully held last Saturday. 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. 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. That ruling remains pending. Regulatory filings 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%.. 3,63 MB. 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. 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.. Sign up for a free account. 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. Esquel is also developing and nurturing two of its own retail brands of high quality shirts - PYE and DETERMINANT.. Esquel offered its clients 1000 different fabrics annually The company made a substantial investment in innovations, to create new designs and fabric. This button displays the currently selected search type. 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. SWOT Analysis: Company information detailing strengths, weaknesses, opportunities, threats, growth strategies, investments signal key strategic targets, challenges, and objectives Request a price quote A Representative List of Organizations that Have Used our Research and Products: 100,000 Industry Statistics 500 Industries Analyzed for Market Size, Profits and Forecasts 150,000 Industry Executives Profiled 25,000 Companies Profiled, Ranked and Analyzed 1,000 Vital Trends Analyzed, totaling 1,000,000 words Basic 6,10 MB. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Its products include cotton, yarn, cotton yarn dyed woven fabric, and knit fabric such as piece dyed, yarn dyed, and heather. A special showcase is Integral, our sustainable development garden in Guilin. Plunkett Research Online is an excellent resourcethe database contains a wealth of useful data on sectors and companies, which is easy to search and well presented. When expanded it provides a list of search options that will switch the search inputs to match the current selection. digitGaps company reports will get you an access to information that enables you to build strategies accordingly so that you can transform your operations to gain maximum profits 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. Colleagues showed their talents through stunning performances. By way of explanation, he sets out some alarming numbers. digitGaps company research reports are written by our qualified research team, a dedicated group of analysts who knows the industry inside and out. At this point surely the recruitment team need to be fired? People think workers are workers, that they sit in front of a sewing machine and generate a product. Finally, the visual style needed to be aesthetically uniform with the Esquel Group & Esquel Sustainability brand. 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. Many of these workers have been employed by Esquel for decades. Our office complex in Integral reimagined workspace built for teamwork and productivity. For more details, please read the article here. Company Overview. Popular questions Work from Home The Esquel Group is one of the worlds largest shirt manufacturers with a huge domestic market in China. The company was also mentioned in a draft bill introduced in the House and . Independent Consultant with significant experience in the Emerging Markets of Sub- Saharan Africa and Asia. We had the privilege of working with them to revamp their annual Sustainability Report website. Over the years, Esquel has grown from a shirtmaker to a total solutions provider in textiles and apparel, a curator in industrial . Financial Year 2021-22. PDF. Challenges and threats from current competition and future prospects so that you can understand your competitors business structure and strategies and respond to them Or do we have other ways of looking at the bigger picture? Tungasked. Company offerings: Details on a list of companys major products/services/brands It provides us with an overall analysis of the market, key statistics, and overviews of the major players in the industry in an online service that is fast, easy to navigate, and reliable. Congrats Margie to you and your Esquel team, and to Ronald as well! Thank you to all who joined us in celebrating the Chinese New Year. . Lets go the extra mile with a year full of celebrations and breakthroughs for Esquel. All our reports are not limited only to subscription models. 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. Hong Kong-based Esquel Group, one of the world's largest shirtmakers, sued the US government on Tuesday, a year after a subsidiary was prohibited from buying US supplies over allegations it. 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: But Yang says making a difference is as key as making profits. This report will also provide you with the target companys key financial metrics and ratios Annual reports typically include financial statements, such as balance sheets, income statements, and cash flow statements. Esquel Group is one of the few large textile manufacturing groups to do so. There is a call for computer vision. This report contains Esquel Group Limited company and market share data which will help you understand the detailed picture of company's financial position. 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. Congratulations Tessie and Bryant! 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. But crucially, the company is also moving the goalposts on the traditional way of thinking about issues such as labour costs. Liked by Edgar Tung. Entity List. 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. 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. Other costs are raw materials (25%), processing (30%), overheads and back office (20%). Help and advice on how to conduct, export and save searches is available at all stages. Purchase this report to inform your strategy, marketing, planning, sales and competitor intelligence functions, thus enabling you to formulate strategies that augment your business. ", Didn't find the company in our repository? digitGaps provide you the detailed information on major recent deals. Esquel Group Limited research report contains the following information which will give you clear and full picture of the business landscape, potential customers, competitors and suppliers. Were looking at the education level of our supervisors as a KPI that we need to constantly improve. Delicious food from Seoul Bros as always 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. Esquel's Commitment to Xinjiang As a knowledge-based innovation company, Esquel Group operates through our distinct business groups. [3] Its head office is in Harbour Centre [ zh] (), Wan Chai. Mergers and Acquisition/Deals & Alliances/ Partnerships & Investment: Information on historical, current/projected merger and acquisitions, deals, partnerships, alliances and investments Devote space to photographs, infographics and other compelling visual elements. More inspiring contributions from Esquel Group! They will also be responsible for calibrating the machines like a technician.. 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. 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). Accounting Mini-series. 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. Annual reports Our annual dinner in Hong Kong was successfully held last Saturday. The firms vertically integrated operation starts in China where it oversees cotton farms. The websites front & backend also needed to be easily updated on a yearly basis. Brand Strategy Brand Identity Storytelling Animation Illustration Website Design & Development. Detailed intelligence on Competition: Insights on key competitors digitGaps custom research services are customer driven. 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. 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's headquarters is located in London, England, GB W1U 3RF. Journalist coverage / News stories The two Koggala factories have been non-operational since 15 March. PDF. The financial ratios available in our reports also include revenue trends, growth, profitability, margins, and returns, financial position, liquidity and leverage and efficiency ratios When expanded it provides a list of search options that will switch the search inputs to match the current selection. The company also has its own retail brands PYE and Determinant. Esquel Group Limited was founded in 1978 and is based in Wanchai, Hong Kong. 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. To view this article you need a PDF viewer such as Adobe Reader . Annual report (Red and Black design) Use this annual report template to create a report for your business. Please wait while the search results are loading Esquel Group of Companies is one of the worlds largest producers of cotton shirts. I hope to see it one day when it is safe to travel again. Crocs, Inc. proudly reported record annual revenues of $3.6 billion, growing 54 percent over 2021. With manufacturing operations across five Asian countries, Esquel produces 100 million garments annually. Defects dropped to almost zero while the compact U-shaped layout of the production line shortened the handling distance of a work piece from 240 meters to 5 meters, and overall production time was slashed from 6.4 days to 3.5 days.