-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WEVc5LAxvilzhq37y5q5qZu937aUaPC5tQS1bkMnyZllokvAdVjT3nQ7jFkpTyKN WH6T69v0t3kRLgxDM1Eefw== 0001047469-98-010491.txt : 19980323 0001047469-98-010491.hdr.sgml : 19980323 ACCESSION NUMBER: 0001047469-98-010491 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19971231 FILED AS OF DATE: 19980319 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL PAPER CO /NEW/ CENTRAL INDEX KEY: 0000051434 STANDARD INDUSTRIAL CLASSIFICATION: PAPER MILLS [2621] IRS NUMBER: 130872805 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: U-3A-2 SEC ACT: SEC FILE NUMBER: 069-00308 FILM NUMBER: 98568716 BUSINESS ADDRESS: STREET 1: TWO MANHATTANVILLE RD CITY: PURCHASE STATE: NY ZIP: 10577 BUSINESS PHONE: 9143971500 MAIL ADDRESS: STREET 1: TWO MANHATTANVILLE ROAD CITY: PURCHASE STATE: NY ZIP: 10577 FORMER COMPANY: FORMER CONFORMED NAME: INTERNATIONAL PAPER & POWER CORP DATE OF NAME CHANGE: 19710527 U-3A-2 1 FORM U-3A-2 File No. 69-308 Form U-3A-2 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. Statement by Holding Company Claiming Exemption Under Rule 2 from the Provisions of the Public Utility Holding Company Act of 1935 INTERNATIONAL PAPER COMPANY (Name of Company) INTERNATIONAL PAPER COMPANY (Name of Company) International Paper Company ("International Paper") hereby files with the Securities and Exchange Commission, pursuant to Rule 2, its statement claiming exemption as a holding company from the provisions of the Public Utility Holding Company Act of 1935 ("HCA"), and submits the following information: 1. International Paper is a New York corporation whose principal executive offices are located at Two Manhattanville Road, Purchase, New York 10577. International Paper's principal businesses include the production worldwide of printing and writing papers, paperboard and packaging, wood products and the distribution of paper and office supply products in both North America and Europe. It also produces pulp, laminated products and specialty products, including photosensitive films and papers, nonwovens, chemicals and minerals. For more than half a century, International Paper has been primarily engaged in businesses other than the business of an "electric utility company" as defined in Section 2(a)(3) of the HCA. (See International Paper Company, 9 SEC 938 (1941)). The names, addresses and places of organization of International Paper's subsidiaries, other than any exempt wholesale generator ("EWG") or foreign utility company in which International Paper directly or indirectly holds an interest, are set forth on Attachment I. Financial information by industry segment of International Paper and subsidiaries for 1995-1997 is set forth in Exhibit A-1. 2. (a) The only subsidiary of International Paper which is an "electric utility company" as defined in Section 2(a)(3) of the HCA is Saratoga Development Corporation ("Saratoga"), which is a New York corporation having its principal executive offices at Two Manhattanville Road, 2 Purchase, New York 10577. Saratoga has as its principal business its activities as a general partner (owning a 50% partnership interest) of Curtis/Palmer Hydroelectric Company L.P. ("Curtis/Palmer"), a New York limited partnership. Curtis/Palmer owns and operates the existing Curtis/Palmer Falls hydroelectric project in New York State under a license from the Federal Energy Regulatory Commission ("FERC"). The Curtis/Palmer project has a capacity of approximately 58.8 MW. Since it began operation in late 1985, all the output of the Curtis/Palmer project has been sold at wholesale to Niagara Mohawk Power Corporation, a nonaffiliated public utility providing electric service at wholesale and retail in New York State. 2. (b) International Paper owns directly or indirectly interests in four other FERC license hydroelectric power projects which sold electric energy in 1997, as follows: (i) the Riley/Livermore/Jay project on the Androscoggin River in Maine which is owned directly by International Paper and has a capacity of approximately 17 MW; (ii) the Otis project on the Androscoggin River, 50% of which is owned by a partnership in which Chisholm Development Corporation (a wholly owned subsidiary of International Paper, see Attachment I) is a general partner and which has a capacity of approximately 10 MW; (iii) the Woronoco project on the Westfield River in Massachusetts which is owned directly by International Paper and has a capacity of approximately 3 MW; and (iv) the Turners Falls project on the Connecticut River in Massachusetts which is owned directly by International Paper and has a capacity of approximately .937 MW. Because these facilities are "qualifying facilities" within the meaning of the Public Utility Regulatory Policies Act ("PURPA"), their ownership and operations does not cause International Paper to be a public utility company within the meaning of the HCA. 3 2. (c) International Paper also owns six qualified cogeneration facilities which sold electric energy in 1997: the Camden Facility in Camden, Arkansas, which has a capacity of approximately 32.5 MW; the Erie Facility in Erie, Pennsylvania, which has a capacity of approximately 42 MW; the Lock Haven Facility in Lock Haven, Pennsylvania, which has a capacity of approximately 22 MW; the Leola Facility in Leola, Arkansas, which has a capacity of approximately 7.5 MW; the Natchez Facility in Natchez, Mississippi, which has a capacity of approximately 23.4 MW; and the Riverdale Facility in Selma, Alabama, which has a capacity of approximately 40 MW. Because these facilities are "qualifying facilities" within the meaning of PURPA, their ownership and operation does not cause International Paper to be a public utility company within the meaning of the HCA. 2. (d) Until September 29, 1997, International Paper owned a subsidiary organized and operating in France, Societe des Papeteries de Lancey S.A. (Lancey), that owns a hydroelectric generating facility with a capacity of 21 MW. The bulk of the output of that electric generating facility is utilized by Societe des Papeteries de Lancey in its own operations. However, the electric energy produced by that facility that cannot be utilized by Lancey is sold as surplus energy in the community. From January 1, 1997, through September 28, 1997, such sales amounted to 3,813 MWH and the revenues realized therefrom were equivalent to approximately US$141,660. Societe des Papeteries de Lancey S.A. was sold to a non-affiliated third party on September 29, 1997, and therefore, is not reflected in the list of subsidiaries provided as Attachment I. 3. (a) The only sales of electric energy by International Paper and its subsidiaries during calendar year 1997 were at wholesale and consisted of approximately 592,650 MWH (301,438 4 MWH from Curtis/Palmer of which International Paper controls 50%; 28,711 MWH from Riley/ Livermore/Jay; 59,215 MWH from Otis of which International Paper controls 50%; 1,014 MWH from Woronoco; 1380 MWH from Turners Falls; 991 MWH from Camden; 205 MWH from Erie; 131,258 MWH from Lock Haven; 8,490 MWH from Leola; 29 MWH from Natchez; 56,106 MWH from Riverdale; and 3,813 MWH from Societe des Papeteries de Lancey S.A.) 3. (b) and (c) In 1997, International Paper and its subsidiaries did not distribute or sell, at retail or wholesale, any electric energy or natural or manufactured gas distributed outside the state in which each such company is organized. 3. (d) In 1997, other than for its own consumption, International Paper and its subsidiaries did not purchase any electric energy, natural gas or manufactured gas purchased outside the state in which each such company is organized at the state line. 4. During 1997, International Paper had no interest, direct or indirect, in an EWG or a foreign utility company. As a result, no Exhibit C is included herewith. 5 Exhibit A A consolidating statement of income and surplus of the claimant and its subsidiary companies for the last calendar year, together with a consolidating balance sheet of claimant and its subsidiary companies as of the close of such calendar year, as follows: (1) The financial statements of the claimant for the year ended December 31, 1997, have not been finalized, and when they are ready a copy of claimant's Annual Report to its shareholders containing consolidated financial statements will be filed with the Securities and Exchange Commission as an amendment to this filing. (2) The Income Statement and Balance Sheet as of December 31, 1997, of Saratoga Development Corporation, a wholly owned subsidiary of claimant and a general partner of Curtis/Palmer Hydroelectric Company L.P., a New York limited partnership. (3) The Statement of Income and Balance Sheet as of December 31, 1997, of Curtis/Palmer Hydroelectric Company L.P. have not been finalized, and when they are ready a copy will be field with the Securities Exchange Commission as an amendment to this filing. 6 Signature The above-named claimant has caused this statement to be duly executed on its behalf by its authorized officer on this 26th day of February, 1998. INTERNATIONAL PAPER COMPANY (Name of Claimant) By: /S/ Andrew Lessin ------------------ Vice President and Controller Attest: /S/ James W. Guedry --------------- Vice President and Secretary [Corporate Seal] Name, title, and address of officer to whom notices and correspondence concerning this statement should be addressed: Michael K. Chapman, Esq. Senior Counsel - Energy & Logistics International Paper Company 6400 Poplar Avenue Memphis, TN 38197 7 EXHIBIT A-2 SARATOGA DEVELOPMENT CORPORATION BALANCE SHEET AS OF DECEMBER 31, 1997
ASSETS CURRENT ASSETS AMOUNTS DUE FROM (TO) SUBSIDIARIES INTER-COMPANY RECEIVABLE.................... $45,541,524 OTHER ASSETS AND DEFERRED CHARGES INVESTMENTS AT EQUITY...................... 10,448,950 DEFERRED CHARGES - OTHER................... 23 TOTAL...................................... 10,448,973 TOTAL ASSETS.............................................. $55,990,497 ----------- -----------
8 EXHIBIT A-2 (continued) SARATOGA DEVELOPMENT CORPORATION BALANCE SHEET AS OF DECEMBER 31, 1997
LIABILITIES CURRENT LIABILITIES PRIOR YEAR TAXES........................... $ (48,613) ACCRUED STATE INCOME TAXES................. 3,076,189 TOTAL...................................... 3,027,576 MINORITY INTEREST......................................... 19,068.487 DEFERRED INCOME TAXES FEDERAL.................................... 12,464,219 STATE AND LOCAL............................ 4,100,786 TOTAL...................................... 16,565,005 TOTAL LIABILITIES......................................... $38,661,068 COMMON SHARE OWNERS EQUITY COMMON STOCK.............................................. 100 RETAINED EARNINGS BALANCE - BEGINNING OF PERIOD.............. 21,109,951 NET EARNINGS (YEAR-TO-DATE)................ (3,780,622) BALANCE-END OF OPERATION.................................. 17,329,329 TOTAL COMMON SHARE OWNERS EQUITY.......................... $17,329,329 TOTAL LIABILITIES AND EQUITY.............................. $55,990,497 ----------- -----------
9 EXHIBIT A-2 (continued) SARATOGA DEVELOPMENT CORPORATION BALANCE SHEET AS OF DECEMBER 31, 1997
DIVIDEND INCOME......................................... $6,500,000 LESS: MINORITY INTEREST EXPENSE................ (7,711,539) ----------- NET PRE-TAX LOSS......................... (1,211,539) PROVISION FOR INCOME TAXES CURRENT U.S. FEDERAL INCOME TAXES................ 2,578,553 STATE AND LOCAL INCOME TAXES............. 612,000 TOTAL CURRENT............................ 3,190,553 DEFERRED U.S. FEDERAL INCOME TAXES................ (621,467) NET PROVISION FOR INCOME TAXES........... 2,569,086 ------------ NET INCOME (LOSS)........................ ($3,780,625)
10 SUBSIDIARIES (more than 50% voting control) OF INTERNATIONAL PAPER COMPANY(l)(2) (a New York corporation) Two Manhattanville Road Purchase, New York 10577 1. Subsidiaries at the left margin are directly owned by International Paper. Subsidiaries at the first indention are owned by the subsidiaries at the left margin. Subsidiaries indented further are owned by the subsidiaries under which they are indented. 2. Name-holding subsidiaries are not included. REVISED 2/19/98 ABBREVIATIONS
ARGEN. . . . . . . . . . . . . . . . . . . . . . . . . . . ARGENTINA AUSTRA . . . . . . . . . . . . . . . . . . . . . . . . . . AUSTRALIA BELG . . . . . . . . . . . . . . . . . . . . . . . . . . . BELGIUM BERM . . . . . . . . . . . . . . . . . . . . . . . . . . . BERMUDA CZECH. . . . . . . . . . . . . . . . . . . . . . . . . . . CZECH REPUBLIC DOM. . . . . . . . . . . . . . . . . . . . . . . . . . . . DOMINICAN REPUBLIC DEN. . . . . . . . . . . . . . . . . . . . . . . . . . . . DENMARK EL SAL . . . . . . . . . . . . . . . . . . . . . . . . . . EL SALVADOR ENG. . . . . . . . . . . . . . . . . . . . . . . . . . . . ENGLAND FIN. . . . . . . . . . . . . . . . . . . . . . . . . . . . FINLAND GERM . . . . . . . . . . . . . . . . . . . . . . . . . . . GERMANY H KONG . . . . . . . . . . . . . . . . . . . . . . . . . . HONG KONG HUNG . . . . . . . . . . . . . . . . . . . . . . . . . . . REPUBLIC OF HUNGARY IRE. . . . . . . . . . . . . . . . . . . . . . . . . . . . IRELAND JAM. . . . . . . . . . . . . . . . . . . . . . . . . . . . JAMAICA MALAY. . . . . . . . . . . . . . . . . . . . . . . . . . . MALAYSIA NETH . . . . . . . . . . . . . . . . . . . . . . . . . . . NETHERLANDS NZ . . . . . . . . . . . . . . . . . . . . . . . . . . . . NEW ZEALAND PRC. . . . . . . . . . . . . . . . . . . . . . . . . . . . PEOPLE'S REPUBLIC OF CHINA SCOT . . . . . . . . . . . . . . . . . . . . . . . . . . . SCOTLAND SLOVAK . . . . . . . . . . . . . . . . . . . . . . . . . . SLOVAK REPUBLIC SO AF. . . . . . . . . . . . . . . . . . . . . . . . . . . SOUTH AFRICA SWITZ. . . . . . . . . . . . . . . . . . . . . . . . . . . SWITZERLAND USVI . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. VIRGIN ISLANDS VENEZ. . . . . . . . . . . . . . . . . . . . . . . . . . . VENEZUELA
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SUBSIDIARY NAME ADDRESS PLACE OF INC. - ----------------------------------------------- ----------------------------------------------- --------------- Allegheny Railroad Company Two Manhattanville Road, Purchase, NY 10577 PA American Central Corporation 75 Chestnut Ridge Road, Montvale, NJ 07645 Ml American Central Company 75 Chestnut Ridge Road, Montvale, NJ 07645 (a Massachusetts Trust) MA Grandland Corporation 3731 S. Braden Place, Tulsa, OK OK Anitec Image International B.V. Nieuwenhuizenweg 10, 2314 XR Leiden, NETH NETH Arizona Chemical Company 1001 E. Business, Highway 98, Panama City, FL DE Arizona Chemical Service Corp. 1001 E. Business, Highway 98, Panama City, FL FL Arizona Holdings Company 1001 E. Business, Highway 98, Panama City, FL DE Sylvachem Corporation 1001 E. Business, Highway 98, Panama City, FL DE Arizona Chemical Oy (new) P.O.Box 165, Fin-90101 Oulu, FIN FIN Bodcaw Company (inactive) Two Manhattanville Road, Purchase, NY 10577 DE Cartonajes International, S.A General Yague 20,2B, 28020 Madrid, SPAIN SPAIN Champlain Investments (Bermuda), Inc. Clarendon House, 2 Church St., P.O. Box HM 1022, Hamilton HM DX, BERM DE Trout Creek Equipment Leasing, L.P c/o Pestalozzi Gmuer & Patry, Lowenstrasse 1, CH-9001 Zurich, SWITZ DE Ticonderoga Assets, Inc c/o Pestalozzi Gmuer & Patry, Lowenstrasse 1, CH-9001 Zurich, SWITZ DE Chisholm Development Corporation* Two Manhattanville Road, Purchase, NY 10577 ME Corporacion Forestal De Venezuela, C.A. c/o Envases Intemacional S.A.M.-337.Jet Cargo Int'l., P.O. Box 020010, Miami, FL 33102-0010 U.S.A., Apartado Postal 2046, Carmelites, Caracas, VENEZ VENEZ Crystal Valley Corporation Two Manhattanville Road, Purchase, NY 10577 AK Dixon Paper Company Two Manhattanville Road, Purchase, NY 10577 CO Emballages Laurent S.A Ave. Louis Jacques Thenard, 71 100, Chalon-sur-Saone, FR FRANCE
- ------------------------------ * Chisholm Development Corporation--owns 50% of Otis Hydroelectric Company Partnership Page 3 of 13
SUBSIDIARY NAME ADDRESS PLACE OF INC. - ----------------------------------------------- ----------------------------------------------- --------------- Envases Internacional S.A. Edificio Sequros Sudamerica, Penthouse G, VENEZ (a) Avenida Francisco de Miranda, Urb. El Rosal, Caracas, VENEZ FPB Augusta, Inc. Two Manhattanville Road, Purchase, NY 10577 DE FPB Property Holdings Corporation Two Manhattanville Road, Purchase, NY10577 DE Federal Forestlands, Inc. Two Manhattanville Road, Purchase, NY 10577 DE Federal Paper Board Export, Inc. Trident Trust Company (V.I.), Suite 208 Citibank Building, Veterans Drive, Charlotte Amalie St. Thomas, U.S. V.I. 00801 USVI Fort Ticonderoga Investments, Inc. Two Manhattanville Road, Purchase, NY 10577 DE GCO Minerals Company 1600 Smith Street, Suite 3600, Houston, TX 77002 DE IP Farms, Inc. 1600 Smith Street, Suite 3600, Houston, TX 77002 DE Chocolate Bayou Water Company 1600 Smith Street, Suite 3600, Houston, TX 77002 DE IPF, Inc. 1600 Smith Street, Suite 3600, Houston, TX 77002 DE Green Mountain Holdings A.G. Schlumpf & Partner, Treuhand AG, Lowenstrasse 1, 8001, Zurich SWITZ (b) Hammermill Paper Company Two Manhattanville Road, Purchase, NY 10577 DE Ilford Anitec & Co. V.O.F./S.N.C. Blvd. de la Woluwe 100, 1200 Brussels, BELG BELG Ilford Anitec S.a.r.L. Industriestrasse 15, CH-1705 Fribourg, SWITZ SWITZ Imperial Bondware Corp. Two Manhattanville Road, Purchase, NY 10577 OH Federal Paper Board (India), Inc. Two Manhattanville Road, Purchase, NY 10577 DE Impresora del Yaque, C. por A. Autopista Santiago Navarrete, Kilometro 2 1/2, DOM (c) Santiago, Dominican Republic
- ------------------------------ (a) Envases--51% owned by International Paper (b) Green Mountain--General Partner in Trout Creek Equipment Leasing L.P. (c) Impresora--51% owned by International Paper Page 4 of 13
SUBSIDIARY NAME ADDRESS PLACE OF INC. - ----------------------------------------------- ----------------------------------------------- --------------- International Logging Corporation Two Manhattanville Road, Purchase, NY 10577 NY International Paper--3, Inc. Two Manhattanville Road, Purchase, NY 10577 DE (d) International Paper--16, Inc. Two Manhattanville Road, Purchase, NY 10577 DE International Paper de Mexico, S.A. de C.V. Carr. 57 Queretaro-San Luis Potosi, Km. 60.2, 37980, San Jose Iturbide, Guanajuato, MEXICO Montes Urales 723 P.B. Lomas de Chapultepec, MEXICO International Paper Comercial de Mexico, Delegacion Miquel Hidalgo, Mexico, DF 11000 S.A. de C.V. MEXICO Independencia 800 Altos, Col Centro, 31000 Chihuahua, MEXICO Oficina Central de Servicios, S.A. de C.V. Chihuahua, MEXICO Av. Lopez Mateos No. 2050, Interior A42, Col. Jardines de MEXICO Ogi Papel de Mexico, S.A. de C.V. San Jose, 32390 Cd. Juarez, Chihuahua, MEXICO Av. Herolco Colegio Militar 3705, Col. Mombre de Dios, MEXICO Papelera Kif de Mexico, S.A. de C.V. C.P. 31110, MEXICO MEXICO Servicios Veratec, S.A. de C.V. Carr. 57 Queretaro-San Luis Potosi, Km. 60.2, 37980, San Jose lturbide, Guanajuato, MEXICO Km. 60.2, Carretera 57, Queretaro-San Luis Potosi, MEXICO Veratec de Mexico, S.A. de C.V. 37980 San Jose Iturbide, Guanajuato, MEXICO MEXICO International Paper--22, Inc. Two Manhattanville Road, Purchase, NY 10577 International Paper Sales (V.I.) Ltd. c/o Trident Trust Co. (V.I.), Citibank Bldg., Suite 208 Veterans Drive, Charlotte Amalie, DE St. Thomas, USVI 00803 USVI International Paper--26, Inc. Two Manhattanville Road, Purchase, NY 10577 DE International Paper--29, Inc. Two Manhattanville Road, Purchase, NY 10577 DE International Paper--30, Inc Two Manhattanville Road, Purchase, NY 10577 DE International Paper--31, Inc. Two Manhattanville Road, Purchase, NY 10577 DE International Paper--32, Inc. Two Manhattanville Road, Purchase, NY 10577 DE International Paper--33, Inc Two Manhattanville Road, Purchase, NY 10577 DE International Paper--34, Inc. Two Manhattanville Road, Purchase, NY 10577 DE International Paper--35, Inc. Two Manhattanville Road, Purchase, NY 10577 DE
- ------------------------------ (d) International Paper--3, Inc.--.012% owner of International Paper Deutschland, Inc. & Co. of Holdings KG Page 5 of 13
SUBSIDIARY NAME ADDRESS PLACE OF INC. - ----------------------------------------------- ----------------------------------------------- --------------- International Paper (Asia) Limited Room 2607-2618, 26/F, Shui On Centre, 6-8 Harbour Road, H KONG Wanchai, H KONG International Paper (Bermuda), Inc. Clarendon House, 2 Church St., P.O.Box HM 1022, Hamilton HM DX, Bermuda DE(e) Georgetown Equipment Leasing Associates, LP c/o Pestalozzi Gmuer & Patry, Lowenstrasse 1, CH-9001 Zurich, SWITZ DE Georgetown Assets Inc. c/o Pestalozzi Gmuer & Patry, Lowenstrasse 1, CH-9001 Zurich, SWITZ DE International Paper Canada, Inc. c/o Borden & Elliot, 40 King St., W., Suite 4400 Toronto, Ontario, Canada M5H 3Y4 CANADA Akrosil Canada, Ltd. 7575 Kimbel St., Suite 14, Mississauga, Ontario, Canada L5S lC8 CANADA International Paper Capital Formation, Inc. Two Manhattanville Road, Purchase, NY 10577 DE International Paper Company (Delaware) Two Manhattanville Road, Purchase, NY 10577 DE International Paper Company de Venezuela, C.A. Edificio Seguros Sudamedca, Penthouse G, Avenue Tamanaco Cruce Con Avenida, Francisco de Miranda, Urb. El Rosal--Chacao Miranda, Caracas, VENEZ Jet Cargo International P.O. Box 02001 0, Miami, FL 33102 VENEZ International Paper Company (Europe) Limited Talacker 41, 8001, Zurich, SWITZ SWITZ International Paper Company Foundation Two Manhattanville Road, Purchase, NY 10577 (Non-profit) NY International Paper Company (Japan) Limited Akasaka Twin Tower, 17-22 Akasaka 2-chome, Minato-Ku, Tokyo 107, JAPAN DE International Paper Company Pty. Limited Levels 27-35, No. 1 O'Connell St., Sydney N.S.W. 2000 AUSTRA AUSTRA International Paper de Argentina S.A Avda. Federico Lacroze 2252, 7th Floor, "B," Federal District, Buenos Aires, ARGEN ARG International Paper de El Salvador, S.A. de Km. 7 1/2 Boulevard, Del Ejercito Nacional, C.V. Soyapango, El Salvador, Central America EL SAL
- ------------------------------ (e) International Paper (Bermuda), Inc.--Owns 80% of ltd. partnership; 20% owned by 3rd party investors. Page 6 of 13
SUBSIDIARY NAME ADDRESS PLACE OF INC. - ----------------------------------------------- ----------------------------------------------- --------------- International Paper Deutschland, Inc. Two Manhattanville Road, Purchase, NY 10577 DE(f) International Paper Deutschland, Inc. & Co An der Gohrsmuhle, 51465 Bergisch Gladbach, Holdings KG GERM GERM Freundorfer GmbH Gesellschaft fur Steinerstrasse 11, D-8.1369, Munich, GERM GERM Reprotechnik Gartensiedlungsgesellschaft Gronauer Wald An der Gohrsmuhle, 51465 Bergisch, Gladbach, mbH GERM GERM Gartensiedlungs-Gesellschaft Gronauer An der Gohrsmuhle, 51465 Bergisch, Gladbach, Wald mbH & Co. lmmobilien oHG GERM GERM Strunder Spedition GmbH Senefelderstrasse 15, 51469 Bergisch Gladbach, GERM GERM Zanders Feinpapiere AG An der Gohrsmuhle, 51465 Bergisch Gladbach, GERM GERM Europapier S.A. Zone lndustdelle, Route de Piscop--95530, Saint-Brice-sous-Foret, FRANCE FRANCE Zanders Benelux S.P.R.L. Ave. des Pagodes 1, 1020 Brussels, BELG BELG Zanders FinePapers Ltd. Chronicle House, Larkfield, Aylesford, Kent, ME20 6SE ENG ENG Zanders Iberia S.L. Carrer Joan Guell 149, Etio. C., 08028 Barcelona, SPAIN SPAIN Zanders International Finance B.V. c/o Deutsche de Bary Trust N.V. Herengracht 450-454, 1017CA Amsterdam, NETH NETH Zanders Italia s.r.l. Via Ca Dell'Orbo n. 13-14, Villanova di Castenaso (Bo) ITALY ITALY Zanders U.S.A., Inc. 100 Demarest Drive, Wayne, NJ 07470 NJ International Paper (Europe) S.A. Boulevard de la Woluwe, 100,1200 Brussels, BELG BELG International Paper Financial Services, Inc. 6400 Poplar Avenue, Memphis, TN 38197 DE
- ------------------------------ (f) International Paper Deutschland, Inc.--99% owner of International Paper Deutschland, Inc. Co. Holdings KG Page 7 of 13
SUBSIDIARY NAME ADDRESS PLACE OF INC. - ----------------------------------------------- ----------------------------------------------- --------------- International Paper France Inc. Two Manhattanville Road, Purchase, NY 10577 DE(g) International Paper Packaging SA BP 312, 25 Chemin des Freres Lumiere, 69802, St. Priest FRANCE FRANCE Societe Mediterraneenne D'Emballages S.A 25, rue Michel Salles, 92210 Saint-Cloud, FRANCE FRANCE(h) Societe Modeme D'Emballages S.A. 25, rue Michel Salles, 92210 Saint-Cloud, FRANCE FRANCE Arizona Chemical S.A. 262 Avenue Jean Jaures, 79000 Niort, FRANCE FRANCE International Paper Emballages Liquides S.A. B.P. 312, 25 Chemin Des Freres Lumiere 69802,St. Priest FRANCE FRANCE Societe Normande de Carton Ondule 25 rue Michel Salles, Saint-Cloud, FRANCE FRANCE International Paper Investments (France) S.A. 1, rue du Petit Clamart, 78140 Velizy- Villacoublay, FRANCE FRANCE Aussedat Rey S.A. 1, rue du Petit Clamart, 78140, Velizy- Villacoublay, FRANCE FRANCE Aussedat Rey France Distribution S.N.C. 1, rue du Petit Clamart, 78140 Velizy- Villacoublay, FRANCE FRANCE Aussedat Rey Nederland B.V. De Boelelaan 575A, 1082 RM Amsterdam, The NETH NETH Aussedat Rey (UK) Limited McDonald Road, Highgate Hill, LONDON N19 5NA UK ENG Celimo Cellulose du Limousin S.N.C. 1, rue du Petit Clamart, 78140 Velizy- Villacoublay, FRANCE FRANCE Comptoir des Bois de Brive S.N.C. 17, avenue Maillard, 19104 Brive Cedex, FRANCE FRANCE Promafor S.A. 17, avenue Maillard, 19104 Brive Cedex, FRANCE FRANCE Corimex S.N.C. Zone Industrielle de Ladoux Cebazat, 63118 Clermont-Ferrand, FRANCE FRANCE International Paper Benelux S.A. Haachtsesteenweg 162,1830 Melsbroek, BELG BELG International Paper (Deutschland) GmbH Volmerswerther Strasse 20, 40221, Dusseldorf, GERM GERM International Paper (Espana), S.L. Muntaner 200, Atico 7 E-08036, Barcelona, SPAIN SPAIN Polyrey S.N.C. 1, rue du Petit Clamart, 78140 Vellzy- Villacoublay, FRANCE FRANCE Durion S.A. Calle Ronda 38, 08100 San Fost de Campsentelles, Barcelona, SPAIN SPAIN Polyrey (U.K.) Limited 128-136 High Street, Edgware, Middlesex, HA8 7EL, UK ENG S.D.P. S.A.R.L. 1, rue du Petit Clamart, 78140 Velizy- Villacoublay, FRANCE FRANCE Societe de Reboisement Societe Civile 17, avenue Maillard, 19104 Brive, FRANCE FRANCE Societe Immobiliere des Papeteries de France 1, rue du Petit Clamart, 78140 Velizy- S.A. Villacoublay, FRANCE FRANCE S.P.S.V. S.A. 1, rue du Petit Clamart, 78140 Velizy- Villacoublay, FRANCE FRANCE Arizona Chemical S.A.R.L. 11 Bis Avenue Auber, 06000 Nice, FRANCE FRANCE Cellulose et Papiers de Pologne S.A. 1, rue du Petit Clamart, 78140 Velizy- Villacoublay, FRANCE FRANCE(i) International Paper--Kwidzyn S.A ul Lotnicza 1, 82500 Kwidzyn, POLAND POLAND Bartorex SP. ZO.O. Krobia K. Torunia, 87-162 Lubicz, POLAND POLAND Impap--SP. ZO.O ul. 30 Stycznia 35, 83-100 Tczew, POLAND POLAND Tor-Pal SP. ZO.O. ul. Lotnicza 1, 82-500 Kwidzyn, POLAND POLAND International Paper Industrie France S.A. 25 Chemin des Freres Lumiere, Saint-Priest, Cedex, FRANCE FRANCE
- ------------------------------ (g) Int'l Paper France--68.37% owned by Int'l Paper Co., 17.28% owned by Int'l Paper Investments (Poland), Inc. and 14.34% owned by Myrtle Investments, Inc. (h) Societe Mediterraneenne d'Emballages--84.62% owned by International Paper France Inc. and 15.38% by Soc. Normande de Carton Ondule (i) Cellulose et Papiers de Pologne--holds 98.98% of International Paper--Kwidzyn S.A. Page 8 of 13
SUBSIDIARY NAME ADDRESS PLACE OF INC. - ----------------------------------------------- ----------------------------------------------- --------------- International Paper Holding AG Schlumpf & Partner Treuhand AG, Alpenstrasse 12, Zug, SWITZ SWITZ(j) International Paper Holdings Company* Two Manhattanville Road, Purchase, NY 10577 DE International Paper Investment Corporation Wilmington Trust Center, 11 05 N. Market Street, Suite 1300, Wilmington, DE DE International Paper Czech Republic, s.r.o.** Vrsni 54, 182 00 Prada 8, CZECH REPUBLIC CZECH International Paper Hungary Kereskedelmi Kft. Rumbach Center, Rumbach S.u.21.H-1075, Budapest.,HUNGARY HUNG International Paper Slovakia, s.r.o.** (Need Address) SLOVAK International Paper Investments (CIS) Inc. (US) Two Manhattanville Road, Purchase, NY 10577 DE International Paper Investments (Poland), Inc. Two Manhattanville Road, Purchase, NY 10577 DE (k) International Paper--Klucze S.A ul. Zawiercianska 1, 32-310 Klucze, POLAND POLAND International Paper Italia S.p.A. Via Ornago, 55, 20040 Bellusco, (Milan) ITALY ITALY Horsell Italia S.r.L. Corso, Italia, 13, 21047 Saronno (VA) ITALY International Paper Jamaica, Ltd. Lot 5, Henderson Avenue, Naggo Head Industrial Estate Naggo Head, Saint Catherine, Jamaica, WEST INDIES JAM International Paper Korea Ltd. IP House, 552-1 Shinsa-dong, Kangnam-ku, Seoul, KOREA KOREA (l)
- ------------------------------ * International Paper Holdings Company--owns 153,000 shares (.99%) of International Paper Italia,S.p.A. ** Not yet established (j) International Paper Holding AG--General Partner in Georgetown Equipment Leasing Associates, L.P. (k) International Paper Investments (Poland) Inc.--Holds 1.001% of Intl. Paper--Kwidzyn S.A. (l) International Paper Korea--80% owned by International Paper Page 9 of 13
SUBSIDIARY NAME ADDRESS PLACE OF INC. - ----------------------------------------------- ----------------------------------------------- --------------- International Paper--Masonite Holding Company Two Manhattanville Road, Purchase, NY 10577 Ltd. DE International Paper Group (UK) Limited Howley Park Estate, Morley, Leeds LS27 OQT, ENG ENG Horsell, Limited Howley Park Estate, Morley, Leeds LS27 OQT, ENG ENG Horsell Engineering Limited Nepshaw Lane South, Gildersome Morley, Leeds LS27 7JQ ENG ENG Horsell Graphic Industries Limited Howley Park Estate, Morley, Leeds LS27 OQT, ENG ENG Anitec Image (Great Britain) Limited 3 & 4 Suffolk Way, Drayton Road, Abingdon-Oxon, ENG ENG Anitec Printing Pty Limited Corner Forster & Ferntree Valley Roads, Mount Waverley, Victoria 3149 AUSTRALIA AUSTRA HGI Sales Co. Limited Howley Park Estate, Morley, Leeds LS27 OQT, ENG ENG Horsell International Limited Howley Park Estate, Morley, Leeds LS27 OQT, ENG ENG Horsell Systems Limited Howley Park Estate, Morley, Leeds LS27 OQT, ENG ENG Ilford Anitec Iberica, S.A. Calle Monturiol, 13, 08918 Badalona, Barcelona, SPAIN SPAIN Ilford Anitec Oy Hakamaenkuja 8, 01510, Vantaa, FIN FIN Ilford Anitec A/S Gadelandet 18, 2700 Bronshoj, DEN DEN Ilford Anitec (Canada) Limited 2751 John Street, Markham, Ontario L3R 2Y8, CANADA CANADA IP UK Operations Holding Limited Howley Park Estate, Morley, Leeds LS27 OQT, ENG ENG Forest Lines Agencies (UK) Limited Howley Park Estate, Morley, Leeds LS27 OQT, ENG ENG International Paper Company Limited Manor House, 1 The Crescent, Leatherhead, Surrey KT22 8DH ENG ENG International Paper Containers (UK) Road 3, Industrial Estate, Winsford, Cheshire, Limited ENG W7 3RJ ENG Veratec, Ltd. First Field Lane, Braunton, North Devon, EX33 1 ER, ENG ENG International Paper--Masonite (Bermuda) c/o Codan Services Limited, Clarendon House, Unlimited Church Street, P.O. Box HM 1022, Hamilton HM DX, BERM BERM International Paper Holdings Ireland Carrick-on-Shannon, County Leitrim, IRE IRE Masonite Ireland Carrick-on-Shannon, County Leitrim, IRE IRE Masonite Europe Segrave House, 19/20 Earlsfort Terrace, Dublin 2, REPUBLIC of IRELAND IRE Masonite Ireland Research Carrick-on-Shannon, County Leitrim, IRE IRE International Paper (Shanghai) Trading (Need Address) Company Limited* PRC Masonite (Hangzhou) Fiberboard Corporation Hangzhou Economic and Technological Development Limited Zone, Hangzhou, Zhejiang Province, PRC PRC International Paper Norge AS Greakerveien 127, N-1 720, Greaker, NORWAY NORWAY International Paper (Papeteries Etienne) Two Manhattanville Road, Purchase, NY 10577 Holdings, Inc. DE Papeteries Etienne S.A. 29 avenue de Camargue, 13632 Arles, FRANCE FRANCE International Paper Portfolio Investments, Inc. Two Manhattanville Road, Purchase, NY 10577 DE International Paper Professional Services Two Manhattanville Road, Purchase, NY 10577 Corporation DE
- ------------------------------ * Not yet established Page 10 of 13
SUBSIDIARY NAME ADDRESS PLACE OF INC. - ----------------------------------------------- ----------------------------------------------- --------------- International Paper Realty Corporation 75 Chestnut Ridge Road, Montvale, NJ DE Bear Mountain Development Corporation 75 Chestnut Ridge Road, Montvale, NJ DE International Paper Realty Corporation of 75 Chestnut Ridge Road, Montvale, NJ South Carolina DE Haig Point Club, Inc. P.O. Box 7319, Hilton Head Island, SC 29938 SC Haig Point Community Association, Inc. P.O. Box 7319, Hilton Head Island, SC 29938 SC Haig Point Ferry Company, Inc. P.O. Box 7319, Hilton Head Island, SC 29938 SC Haig Point/Melrose Wastewater Treatment P.O. Box 7319, Hilton Head Island, SC 29938 Company, Inc. SC (m) Haig Point Utility Company, Inc. P.O. Box 7319, Hilton Head Island, SC 29938 SC International Paper Sverige Box 55066 Odegardet, 48, S-40053 Goteborg, SWEDEN SWEDEN Arizona Chemical AB Box 66, S-820 22, Sandarne, SWEDEN SWEDEN Arizona Chemical B.V. 'De Molenberg", Hellingstraat 22H, N-1271, Va Huizen, NETH NETH Arizona Chemical GmBH Bahrenfelder Strasse 244, D-22765 Hamburg, GERM GERM Arizona Chemical Limited Manor House, 1 The Crescent, Leatherhead, Surrey, KT22 8DH ENG ENG International Paper Taiwan Ltd. 7th Floor, Walsin Financial Bldg., 117, Sect. 3, Min Sheng East Road, Taipei 10446 Taiwan, Republic of China TAIWAN International Paper/Toga Brasil Ltda. Rua Saloado Amarillo Goncalves Quieros, Sao Paulo SP, BRAZIL BRAZIL (n) International Paper Trademark Company 919 Market Street (Suite 610), Wilmington, DE DE International Paper (Turkey) Holding Company Two Manhattanville Road, Purchase, NY 10577 DE International Paper (UK) Limited Inverurie Mills, Aberdeenshire, Scotland, AB51 5NR, UK SCOT Federal International Limited (dormant) Unit 6, Yeadon Airport Industrial Estate, Leeds LS19 7WP, UK ENG Federal Tait Paper France S.A.R.L. 36, boulevard Emile Augler, 75116 Paris, FRANCE FRANCE International Paper (Leeds) Limited Aberdeenshire, Scotland, A851 5NR, UK (registered Office) Yeadon Industrial Estate, Yeadon, E. Yorkshire, LS19 7WP, UK (mail) SCOT IP Information Services Limited Inverurie Mills, Aberdeenshire, Scotland AB51 5NR, UK SCOT Thomas Tait & Sons Limited (dormant) lnverurie Mills, Aberdeenshire, Scotland AB51 5NR, UK SCOT International Pulp Sales Company Two Manhattanville Road, Purchase, NY 10577 DE International Records Corporation Two Manhattanville Road, Purchase, NY 10577 DE IP Forest Resources Corporation Two Manhattanville Road, Purchase, NY 10577 DE IPI Corporation Juzen Bldg., 9-6 Nagata-cho 2-chrome, Chlyoda-ku, Tokyo 100 JAPAN JAPAN (o)
- ------------------------------ (m) Haig Point/Melrose Wastewater--60% owned by IP Realty Corp. of South Carolina (n) International Paper Toga/Brasil--20% owned by Industria de Papels de Arte Jose Tscherkassky S.A. (o) I.P.I. Corp.--51% owned by International Paper Page 11 of 13
SUBSIDIARY NAME ADDRESS PLACE OF INC. - ----------------------------------------------- ----------------------------------------------- --------------- IPI S.r.L. Via Piermarini 19, 06132, San Sisto (Perugia) ITALY ITALY IP Investment Holdings Two Manhattanville Road, Purchase, NY 10577 DE IP Pacific Forest Corporation Two Manhattanville Road, Purchase, NY 10577 DE IP Petroleum Company, Inc. 1600 Smith Street, Suite 3600, Houston, TX DE IP Southern Timberlands, Inc. Two Manhattanville Road, Purchase, NY 10577 DE Longview, Portland & Northern Railway Company Box 22, Gardiner, OR WA Masonite Corporation One South Wacker Drive, Chicago, IL 60606 DE Masonite (Africa) Limited 14th Floor Nedbank Centre, Durban Club Place, Durban 4001, REPUBLIC OF SO. AFRICA SO AF(p) Ezebilt Products (PTY) Ltd. 322 Mark Street, Waltoo, Silverton, Pretoria 0127, REPUBLIC OF SO. AFRICA SO AF Masonite CP Ltd. Jason House, Kerry Hill, Horsforth, Leeds, LS 18 4JR, ENG ENG Masonite Corporation Foreign Holdings Ltd. One South Wacker Drive, Chicago, IL ENG International Paper (Netherlands) B.V. P.O. Box 54128, 3008 JC Rotterdam, The NETH NETH Akrosil Europe B.V. lmstenraderweg 15, 6422 PM Heerlen, The NETH NETH Forest Lines Agencies B.V. Kantoorschip "Hendrik,' PO Box 54128, 3008 JC Rotterdam, NETH NETH Ilford Anitec B.V. Nieuwenhulzenweg 10, 2314 XR Leiden, NETH NETH Kleefsman B.V. Patrmoniumlaan 46-48, 3904 AE Veenendael, The NETH NETH Recom B.V. Nieuweweg 283A, 6603 BN Wijchen, NETH NETH Scaldia Papier B.V. Fabrieksweg 23-27, 6541 BP Nijmegen, The NETH NETH Myrtle Investments, Inc.* Two Manhattanville Road, Purchase, NY 10577 DE Ngahere Aotearoa, Inc. Two Manhattanville Road, Purchase, NY 10577 DE Carter Holt Harvey Limited 640 Great South Road, Manukau City, Auckland, NZ NZ (q) NSC Timberlands, Incorporated Two Manhattanville Road, Purchase, NY SC PAPCO INC. 3101 International Drive East, Mobile, AL DE Papetedes d'Espaly S.A. Espaly, 43000 Le Puy-en-Velay, FRANCE FRANCE Pintu Acquisition Company, Inc. One S. Wacker Drive, Chicago, IL DE Merbok Formtec SDN BHD c/o David Chong & Co., 6 Tmasek Blvd., 09-04 Suntec Tower 4, Singapore 038986 MALAY
- ------------------------------ * Myrtle Investments, Inc.--holds 14.3% of International Paper France Inc. ** Saratoga Development Corporation--holds 50% of Curtis /Palmer Hydroelectric Company L.P. (p) Masonite (Africa) Limited--66.73% owned by Masonite Corporation. (q) Carter Holt Harvey Limited--50.16% held by Ngahere Aotearoa Page 12 of 13
SUBSIDIARY NAME ADDRESS PLACE OF INC. - ----------------------------------------------- ----------------------------------------------- --------------- Saratoga Development Corporation** Two Manhattanville Road, Purchase, NY 10577 NY Shanghai International Paper CNPC Ltd. Jinqiao Export Processing Zone, Pudong New Area, Shanghai, PEOPLE'S REPUB. OF CHINA PRC (r) Societe Guadeloupeenne de Carton Ondule Boite Postale No. 2, 97101 Besse Terre, Guadeloupe, FWI FRANCE Sustainable Forest Technologies, Inc. 6600 LBJ Freeway, 2nd Floor, Dallas, TX DE Taussig's Graphic Supply Inc. Two Manhattanville Road, Purchase, NY 10577 OH The Long-Bell Petroleum Company, Inc. 1600 Smith Street, Suite 3600, Houston, TX LA Timberlands #2 L.L.C. Two Manhattanville Road, Purchase, NY 10577 DE Veratec Japan, Ltd. Matsunaga Building, 1-17 Hamamatsucho 2-chome Minato-ku, JAPAN JAPAN Veratec Nonwoven (Asia) Limited Room 2607-2618, 26F, Shui on Centre, 6-8 Harbour Road Wanchai, HONG KONG H KONG Veratec S.A. Blvd. de la Woluwe 100,1200 Brussels, BELG BELG Wolverine Acquisition Company Two Manhattanville Road, Purchase, NY 10577 OH 751178 Ontario Limited c/o Borden & Elliot, Scotia Plaza, 40 King Street West Toronto, Ontario CAN M5H 3Y4 CANADA
- ------------------------------ (r) Shanghai Int'l. Paper CNPC--45% owned by China Nat'l Pkg. Corp. Page 13 of 13 -----END PRIVACY-ENHANCED MESSAGE-----