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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Gap Inc | NYSE:GPS | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 1.13 | 4.90% | 24.085 | 24.18 | 23.14 | 23.29 | 5,907,305 | 20:59:11 |
From Jul 2019 to Jul 2024
By Chris Wack
Gap Inc. (GPS) said Tuesday that, together with its franchise partner in India, it will open a new innovation center to promote the adoption of proven techniques and technology that reduce water use by the textile manufacturing industry.
The apparel retailer and long-time sourcing partner Arvind Limited also are investing in a new water treatment facility that will eliminate the use of fresh water at Arvind's denim mill in Ahmedabad, India.
Gap said in a release that the facility will save three billion liters of fresh water by the end of 2020 and preserve the local community's vital freshwater resources.
Arvind's denim mill consumes eight million liters of fresh water per day. Once constructed, the new water-treatment facility will replace 100% of its freshwater use with reclaimed water.
Gap said the apparel industry is one of the most intensive users of water in the world and, in India, 54% of the population faces high to extremely high water risk.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
June 11, 2019 06:32 ET (10:32 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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