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. In-depth analysis performed to produce this report will give you a clear and unbiased view of the companys strategy and growth prospects. 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. It will let you stay up to date on current happenings and major developments in order to capitalize on your competitors weaknesses 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. Notre histoire remonte 1949 et notre entreprise continue se dvelopper sur un socle de valeurs fortes. 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. digitGaps Custom Research solution is tailored and optimized in a unique way to meet our customers specific needs. Esquel (Mauritius) Ltd has a manpower of 2710 comprising of both local and foreign employees from Bangladesh, Madagascar, Nepalese, Sri Lankans, Malaysians and Indian. That ruling remains pending. The carbon footprint analyses of our proprietary assets and the EU Taxonomy disclosures have been incorporated in the Annual Report as of this year. All pre-sales and post-sales queries are addressed by our analyst Esquel Group | 13,195 followers on LinkedIn. A REPRESENTATIVE LIST OF ORGANIZATIONS THAT HAVE USED OUR RESEARCH PRODUCTS: Your tool is very comprehensive and immensely useful. 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. This analysis will help you track important events of the company 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: Looking for a "Syndicated, Qualitative or Quantitative Market Research Solution? 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. Search over 700 In the first place, Esquel improved the quality of the provided services and products, as a new IT solution made reporting easier and faster. Guilin, Guangxi, China - Researched energy-conscious initiatives to be . With further communication and internal training, the team eventually saw a drastic boost to their production efficiency and performance. Right from company SWOT analysis, financial insights to merger and acquisitions/deals details are available in our single report free lookups / month. Even so, Ms. Tang stayed focused on her vision. We typically pull content from a variety of sources including: Esquel Group is one of the few large textile manufacturing groups to do so. Elton PD001--1463 Esquel Group. Koggala factory garment workers during a work stoppage in November 2021, Statement on the closure of two Sri Lankan factories amid severe financial crisis. 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. We are thrilled to announce that Integral, Esquels Sustainable Development Garden in Guilin has received the Merit Award outside Hong Kong (Industrial/ Transport/ Utility Building Category) at the HKIA Annual Awards 2019/20! [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]. 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. on 2021 Annual Report. 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. ", Didn't find the company in our repository? As a knowledge-based innovation company, we believe our employees are our greatest assets. #EsquelGroup #MakingaDifference #Integral #Sustainability #HKIAAnnualAwards #Guilin #SustainableDevelopmentGarden #rlp. Get contact details including emails and phone numbers The switch was far from straightforward, however. Civic Exchange Aims Organizations create impacts at various. On this Wikipedia the language links are at the top of the page across from the article title. 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. Esquel Group recruited more than 150 college graduates, having engineering background, to the mangineer programme in 2015. Mergers and Acquisition/Deals & Alliances/ Partnerships & Investment: Information on historical, current/projected merger and acquisitions, deals, partnerships, alliances and investments Companies product/service/brand portfolio analysis 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. Yang believes the most. #Esquel #MakingADifference #lunarnewyear2023, Leaping into the Year of the Rabbit, we wish you a wonderful new year. Following our feature video from Guilin, Edgar Tung, incoming CEO of Esquel Group, announced Esquel's Pledge to Net Zero. 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. Its clientele include Abercrombie & Fitch, Jack & Jones, Gant, Hugo Boss, Lacoste, Ralph Lauren, Tommy Hilfiger, and Nautica. To view this article you need a PDF viewer such as Adobe Reader . But its focus is not on the cost of this labour, rather the productivity they can generate. Synopsis of Business Strategy: Corporate strategy summarization: Domestic Strategy and International Strategy [3] Its head office is in Harbour Centre [ zh] (), Wan Chai. Come and meet our Esquelers in Integral! 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. Lets kick start our work at full strength! For more details, please read the article here. Otto Group Annual Report 2019/20. Esquel is a manufacturer and supplier of apparels for men and women. Colleagues showed their talents through stunning performances. #Esquel #MakingADifference #sustainability, Usher in the Lunar New Year! 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). 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. #Esquel #makingadifference #45thanniversary #annualdinner, A fun little demonstration of using digital trims from JML Apparel using Style3D that I did a few months ago. 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%.. 25% OFF ON COMPANY REPORTS. 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. 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. Liked by Edgar Tung. STANFORD CASE STUDY (ESQUEL GROUP) 1. It was not until legislation was. 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. 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. Some types of businesses must prepare and file an annual report by . Fairmont PD999--113. to allegations of forced labor. Morgan, Lewis & Bockius LLP. 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. 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. 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. 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? Esquel Group, one of the world's largest garment producers and supplier for such brands as Tommy Hilfiger, Patagonia and Nike, said it has written to the US Commerce Secretary Wilbur Ross to. When Esquel started tracking its energy and water consumption back in 2005, there was no industrial benchmark to follow, so it set out its own reference point based on the unit consumption it takes to produce one piece of garment. Deals mentioned in our company research report will help you understand corporate strategy from the companys core business segment perspective We promote their well-being and enable them to grow personally and professionally. Brand Strategy Brand Identity Storytelling Animation Illustration Website Design & Development. The geographic presence in different regions can act as one of the major strength of the organisation. 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. 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. 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.. 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. Also, it will help you qualify prospective partners, affiliates or suppliers Locations/Facilities: Contact details listing the key locations/facilities, subsidiaries of the company Our report is a guide for you to get potential investments and acquisition targets. All our reports are not limited only to subscription models. PDF. We provide you detailed insights of the companys strategic, financial and operational performance Project Coordinator Social Alliance Communications Consultancy . Press release. Secondary / Desk Research Overview of key events: Company evolution including company history and key event Please wait while the search results are loading Esquel Group of Companies is one of the worlds largest producers of cotton shirts. But crucially, the company is also moving the goalposts on the traditional way of thinking about issues such as labour costs. The approximately 2,000 workers at these facilities also face unsure futures as both leases run out by end of this year. You can update your choices at any time in your settings. - Assisted in determining 2017 Flight CO2 Emissions to be contributed to the Annual CSER Report - Energy tracking to Robert Redford Conservancy to achieve ILFI ZNE Certification - Project Coordination work for Google: Bay View . A. 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 The more I get into the database, the happier I am that well have itREALLY happy!!! The two Koggala factories have been non-operational since 15 March. At Esquel, we prioritize investment in the growth and well-being of our employees. SDG 6: Ensure availability and sustainable management of water and sanitation for all. As a total service and solution provider, Esquel differentiates itself from other manufacturers by investing in its people and innovative technology to ensure sustainable manufacturing 'from seed to . It's a great pleasure for us to join the Green Textiles, Innovation and Technology Forum and Exhibition today. [4] Esquel Group Limited manufactures textiles and apparel. Esquel Group ( Chinese: ) is a Hong Kong-based textile and apparel manufacturer. Esquel Group (Chinese: ) is a Hong Kong-based textile and apparel manufacturer. Ideally, readers should be able to scan through the document and get the information they need. 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. The traditional retail price is usually marked up four to eight times at the consumer level, so assuming a shirt sells at a retail price of US$140, the true cost of $25 includes manufacturing, raw materials, labour, duties and transportation, logistics. Legal Structure and Ownership: Synopsis on companys shareholders outlining the legal structure and ownership 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). digtiGaps 2018. Data Sources: 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 . See the answers, explore popular topics and discover unique insights from Esquel Group employees. {{ userNotificationState.getAlertCount('bell') }}. The company also has its own retail brands PYE and Determinant. Detailed intelligence on Competition: Insights on key competitors [3], Its head office is in Harbour Centre[zh] (), Wan Chai. The farms supply spinning, dyeing and knitting facilities that produce high-quality cotton fabric. Lets go the extra mile with a year full of celebrations and breakthroughs for Esquel. I hope to see it one day when it is safe to travel again. View or download our Annual Report 2021-22, along with previous years reports showing our financial performance over the past 18 years. This button displays the currently selected search type. We started this about ten years ago, and since then about 1500 households have benefited from the programme. 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. This annual report matches the Red and Black design set. Esquel Group's supply chain was first linked to Xinjiang in a May 2019 Wall Street Journal report.