The performance of our Pulp and Paper Chemicals’ business in the third quarter was slightly ahead of the third quarter of 2010. All regions have been affected by planned seasonal maintenance stops, but the order inflow picked up after the maintenance period. Demand for pulp and paper chemicals continues to be strong, especially in South America. During Q3, the increase in raw material costs leveled out. However, there are differences per region: Asia and South America show decreasing raw material prices whereas North America is coping with increased energy and freight costs.