Dec 20, 2019 / 08:00AM GMT
Operator
Ladies and gentlemen, thank you for standing by. My name is Emma, your Chorus call operator. Welcome, and thank you for joining The Lenzing Group Analyst Conference Call. (Operator Instructions) Your hosts today are Stefan Doboczky and Thomas Obendrauf.
And I would now like to turn the conference over to Stefan Doboczky, CEO of Lenzing.
Stefan Doboczky - Lenzing Aktiengesellschaft - Chairman of Management Board & CEO
Thank you very much, operator. Good morning to everybody. Thank you for joining us for this call as an update for our dissolved wood pulp project in Brazil from the Lenzing Group. We have, over the last 3.5 years, continuously communicated it is our strategy to strengthen our backward integration. We have kept you over the quarters updated on the way we went about the site searches, we screened dozens of different locations, evaluating between brown and greenfield. Then beginning of '18, we communicated to you the intention to form a joint venture with Duratex, all subject to the technical evaluations, the negotiations with suppliers,
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