Anderson Chow: Okay. And just related to that. And we basically cap the CapEx steady $1.6 billion to $1.8 billion. But I’m just trying to understand sort of the logic behind that, because we are seeing a rapidly changing market to the downside in volume. And industry is still increasing capacity, we are increasing capacity. I mean, what will what will be roughly a break even production utilization rate for new plants. And if North America is only going to operate about 50 or 60% production utilization rate, what would that do to our EBIT margin or EBIT, if you could discuss that?
Jason Miele: Yes, Anderson. I guess that first start with the headline number you mentioned. And that will get stretched out over a longer period of time, barring a drastic change in market conditions. So the majority of the projects we’ve been highlighting on that map slide, we’ve shown you a lot. We still think are the right projects we’re not — we don’t believe we’re anywhere near the terminal share in North America and will need to add those that capacity over time. How you time that obviously will adjust. So right now, we really like the Prattville 3 and 4 project. We want to add more color to Prattville as we announced today. We have the Asia Pacific plants going in, in Victoria. For those projects, we’ll continue to move forward with construction that are long lead times, some of the more Greenfield sites, and they buy the land and then wait.
So we have a lot of flexibility. You’ve seen us do it in the past. We added Prattville 1 and 2 several years ago, and then paused before we started those lines up and we were still able to deliver very strong EBIT margins through that period. So we will monitor the markets and will flex as we need to.
Anderson Chow: Okay, thank you. I will leave it at that. Thank you.
Operator: Thank you. Your next question comes from Peter Wilson at Credit Suisse. Please go ahead.
Peter Wilson: Thanks. Good evening. Good morning. This might be question best directed to Sean Gadd, if he is on the line. But just to follow-up the assertion that you are outperforming competitors in North America, just had one of your major competitors almost 10% volume growth and forecast further volume growth in the next quarter. And specifically, I guess they refer to or they’re confident they’re gaining market share in the new construction segment. And then I’d also say that your 30% — your expectation of 30% down in the second half is — in that segment is it’s probably worse than — it’s worse I’ve heard. So it would appear that you are losing market share in that new construction segment. So my question is, do you agree with that? How would you respond? And is it time to bring back the brand?
Aaron Erter: Yes, a great question and Sean is out selling. So we have him out selling today. So let’s talk a little bit. Before we talk about other companies results, let’s talking about ours. Just to remind you, our first half in North America, we posted 23% increase in revenue. That was on top of 21 — 25%, first half revenue growth last year. So, if you think about the comps, we have some really tough comps that were going against. So we continue to grow the business here. One of the things I would say also is we have been consistent on having supply to our customers. And so part of the reason our comps are so tough is the supply that we’ve been able to give to our customers out there. As far as Cemplank, Cemplank is a fiber brand.
And we’ve described it as such in the past and one thing you need to remember is in the past, we lost some discipline. And we’re allowing this product to move within the market to end users segments where it should have been, and it was ultimately over 20% of our mix. We corrected that.
