D.J. Monagle: Sure. So, David, let me try and put this in context. We’ve got several satellites coming online in the second half. Doug and Erik had referred to them during the presentation. One of those is in India. That is a NewYield LO satellite. So, an element of NewYield that you’re going to see is that it’s going to contribute to our geographic growth projections that we discussed during the analyst call. So, NewYield supplements our ability to do further penetration, especially in those emerging markets. That would be one application. When we were together for the Investor Day, I had also indicated that one of the things that we’re excited about in this application of our crystal engineering is that we have an opportunity to retrofit our existing PCC plans when applicable.
This case in Brazil is the first example of that in use. Now, what happens in terms of the economics is that we’re able to take a material that would typically be a waste material and require some landfill. And so, the customer benefits by eliminating or reducing a disposal cost, and we benefit by having a much lower input cost. So, in those applications, if you see an upgrade, you can assume that it would be neutral to volumes, but it would be part of that margin improvement program that Erik is referring to. It’ll be contributing to the margin improvement of that business. But on other announcements, you will see it being part of our geographic expansion because it supplements that whole portfolio. The last part as it relates to the NewYield platform is that we’ve got several packaging producers that are talking to us about how NewYield can apply into that space.
And so, it would be part of the offering that provides us an opportunity to penetrate the packaging market. So, the particular announcement, what you picked up on was right, but the broader impact of the platform is supplementing the growth and improving our operating income margin.
David Silver: Okay. Thank you for that. One last one, and I think this would also be for D.J., but I would really like your opinion about the trajectory, I think of paper and especially packaging growth. I think from a secular perspective. So, pre-pandemic, everyone was talking about reducing packaging in all manner of ways of accomplishing that. And if you read a consultant’s report as I did, I mean, everyone would point to maybe a negative demand trend in paper use in particular, but since the pandemic, and I see this every week when I take out my paper and cardboard for recycling, I mean, it’s just been a real turnaround in the way people view that particular waste stream and usage. So, from your perspective, as you think out maybe three to five years, I mean, is this the case where, apart from your technologies, I mean that you see like a growing demand for packaging, will the pandemic era boost in delivered goods and the packaging that accompanies that, is that going to be sustained in your opinion?
Or is that somewhat negative annual rate of consumption decline, I guess, is that going to reassert itself? What is your view from maybe a three to five-year perspective starting now? Thanks.
D.J. Monagle: So, David, I’m processing and figuring out the best way to answer it. And let me try to distill it down. If I look at the printing and writing grades, we still see some of the secular decline, but what we’re seeing in that short term, and it probably continues in that three-year look, is that we saw a spike in North America, but that recently we just saw this destocking that went on. But in North America, some capacity has just recently come out of the market. And in North America, that industry goes back to probably 85% plus operating rates, which seems pretty sustainable for the next three plus years or so. Hard to tell for sure, but that’s what it looks like. Europe, we see that being – that has been on a decline, but it has not been in the grades in which we participate.
