Regulatory filings Esquel operates two cotton ginning mills in Xinjiang and three spinning mills, where cotton is spun into yarn. Otto Group Annual Report 2021/22. 3,63 MB. 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. ", Didn't find the company in our repository? 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. Esquel Group Limited was founded in 1978 and is based in Wanchai, Hong Kong. The farms supply spinning, dyeing and knitting facilities that produce high-quality cotton fabric. Companies product/service/brand portfolio analysis The company had requested permission from the Commissioner General of Labour to terminate the workers' contracts. free lookups / month. Latest Update: High and low-level overview, current news and information, due diligence on business practice, and business partners. No credit card required. Teams of colleagues competed in the Fai Chun Writing Contest, which allowed them to unleash their creativity and strengthen their bonding in between. It is the world's largest woven shirt maker, producing about 100 million shirts annually. It includes their financial performance and activities over the prior fiscal year. Director, Derby Entrepreneurship Center @Tufts | Corporate Innovation Consultant | Keynote Speaker and Author, Senior Business Consultant at Organicoguru Lanka (Pvt) Ltd. Congratulations ! Esquel had made a name for itself by making high-quality cotton Morgan, Lewis & Bockius LLP. Once purchased, digitGaps client support team will deliver the report in PDF format. A REPRESENTATIVE LIST OF ORGANIZATIONS THAT HAVE USED OUR RESEARCH PRODUCTS: Your tool is very comprehensive and immensely useful. The Clothing Manufacturer Service. So if you can use less time, generate higher output, we are going to give you more money. Using fewer but more skilled workers, increasing productivity, investing in robotics and automation, micro-financing cotton farmers, and even selecting the whitest cotton fibres to reduce the bleaching process are among the initiatives outlined by managing director Edgar Tung. Report. Understanding the companys business segment expansion or their asset divestment Get contact details including emails and phone numbers To view this article you need a PDF viewer such as Adobe Reader . Entering a new mode of production was challenging, but I felt driven to excel in it, Ms. Tang said. 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. Otto Group Annual Report 2018/19. We had the privilege of working with them to revamp their annual Sustainability Report website. 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. Esquel Group (Chinese: ) is a Hong Kong-based textile and apparel manufacturer. On this Wikipedia the language links are at the top of the page across from the article title. #3ddesign #DPC #digitaltwin, Senior CSR & Sustainability Manager at foodpanda, Another successful lunch & learn experience at Colliers with more than 100 foodpanda reusable boxes! Most of the times the information our customers are looking for is not readily available in an off-the-shelf market research publication. digitGaps report on Esquel Group Limited delivers a detailed in-depth and comprehensive insights of the company, its history, corporate strategy, its businesses and structures, and company operations by examining its performance in local market and global economy. Ideally, readers should be able to scan through the document and get the information they need. 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. This report contains Esquel Group Limited company and market share data which will help you understand the detailed picture of company's financial position. 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. digitGaps company research reports are written by our qualified research team, a dedicated group of analysts who knows the industry inside and out. 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 It determines the business's reach to the target market and ensures the easy accessibility. Select Accept to consent or Reject to decline non-essential cookies for this use. Annual reports typically include information regarding its future . 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. The more I get into the database, the happier I am that well have itREALLY happy!!! The firms vertically integrated operation starts in China where it oversees cotton farms. 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. Teething issues such as inconsistent procedures and uneven cycle times per machine caused colleagues to grumble from the unstable workload. Set in the scenic landscape of Guilin, Integral is our Sustainable Development Garden that showcased our commitment to sustainability. Project Coordinator Social Alliance Communications Consultancy . Stay tuned to hear more from us about our sustainability journey. The company's operations are vertically integrated, from producing cotton, buttons, and packaging to design and manufacturing. Data Sources: Purchase this report to inform your strategy, marketing, planning, sales and competitor intelligence functions, thus enabling you to formulate strategies that augment your business. Learn more in our Cookie Policy. #Esquel #makingadifference #45thanniversary #annualdinner, May the full moon bring you a joyful home and a successful future! Following our feature video from Guilin, Edgar Tung, incoming CEO of Esquel Group, announced Esquel's Pledge to Net Zero. Esquel is doing everything they can to close their facilities without paying workers in full, and to punish the unionized workers in the process. But crucially, the company is also moving the goalposts on the traditional way of thinking about issues such as labour costs. Learning comes from doing. Esquel Group has an estimated 201 employees and an estimated annual revenue o. 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. 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. Crocs, Inc. proudly reported record annual revenues of $3.6 billion, growing 54 percent over 2021. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Hong Kong's independent public policy think tank. 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. Sign up for a free account. View full 2021 Annual Report. . ESQUEL GROUP OF COMPANIES (Private) Company Profile, Corporate Revenues, Growth, Market Size, Analysis, Business Forecasts, Market Share, Metrics, SWOT Esquel Group of Companies is one of the world's largest producers of cotton shirts. Other costs are raw materials (25%), processing (30%), overheads and back office (20%). It is the world's largest woven shirt maker, producing about 100 million shirts annually. 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. I hope to see it one day when it is safe to travel again. #Esquel#MakingADifference#Lunarnewyear2023, How should a firm go beyond financial measures to create a more environmentally sustainable and socially responsible future? Management Team: Names, Profiles, Information on key personnel managing the business, heading key departments and function with their employment history and executive biographies PDF. NN Group's Annual Report is available for download at www.nn-group.com/annual-report. Colleagues showed their talents through stunning performances. Outlook for Future Years. Thanks for the opportunity for us to showcase our Esquel story. Tammy Dalton, National Account Manager, MCI, Tammy Dalton. Enter employee name to find & verify emails, phones, social links, etc. A special showcase is Integral, our sustainable development garden in Guilin. Over the years, Esquel has grown from a shirtmaker to a total solutions provider in textiles and apparel, a curator in industrial . Here are some pointers for a good annual report design: Use headings and subheadings. View or download our Annual Report 2021-22, along with previous years reports showing our financial performance over the past 18 years. 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. They will also be responsible for calibrating the machines like a technician.. Looking for a particular Esquel Group employee's phone or email? Mergers and Acquisition/Deals & Alliances/ Partnerships & Investment: Information on historical, current/projected merger and acquisitions, deals, partnerships, alliances and investments 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. 13Hong Kong, Hong Kong 999077 Hong Kong. digitGaps company research reports are the succinct summary of companies detailing their strategic direction, SWOT analysis, information on the companys key employees, profiles of key personnels, key competitors, products, and services, as well as detailed financial ratios for the last 5 years which is brief but comprehensive. While producing this report, we have followed a standardized research methodology which assures our data quality and authenticity. The financial ratios available in our reports also include revenue trends, growth, profitability, margins, and returns, financial position, liquidity and leverage and efficiency ratios [2] Esquel supplies textile to companies such as Li Ning, ANTA Sports, Fila, Giordano, Muji. This will be a major resource for our serious job seekers. 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,. Journalist coverage / News stories The team has looked through the material and are very happy with the data you pulled together. The websites front & backend also needed to be easily updated on a yearly basis. Gary White, Business Materials Selector, Penn State University, Our Market Research = Your Smart Decisions, Esquel Group of Companies is one of the worlds largest producers of cotton shirts. The carbon footprint analyses of our proprietary assets and the EU Taxonomy disclosures have been incorporated in the Annual Report as of this year. #Esquel #integral #makingadifference #greentextiles #innovation #technology, Our annual dinner in Hong Kong was successfully held last Saturday. Annual Report View In PDF DIGITAL VERSION. But what we are trying to do is link the productivity improvement with the net take-home pay of our workers. digitGaps custom research services are customer driven. Our company profiles assist you to formulate strategic analysis in order to understand your customers, partners, and competitors, enabling you amplify your business better. Pay via Invoice/Credit Card/Debit Card/ACH/SEPA/Direct Debit or Bank Transfer. Esquel Group's headquarters is located in London, England, GB W1U 3RF. By way of explanation, he sets out some alarming numbers. 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. 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. Our company research profile will give you information on deals segmented by regions, year, business and type for a period of 5 years Esquel Group was founded in 1978. Analyst research 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. 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 Legal Structure and Ownership: Synopsis on companys shareholders outlining the legal structure and ownership All our reports come with 10% customization at no extra cost Devote space to photographs, infographics and other compelling visual elements. Liked by Edgar Tung. 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.