-----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, JzRoBkphfc73/faOi9iLQSDek5xhoWei6wcTxtHTcGmtBl+zb8vmW7PnZvpAn+k8 BFvleQqPe8aLbXmoU/S3pQ== 0001047469-99-007618.txt : 19990309 0001047469-99-007618.hdr.sgml : 19990309 ACCESSION NUMBER: 0001047469-99-007618 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19981231 FILED AS OF DATE: 19990226 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL PAPER CO /NEW/ CENTRAL INDEX KEY: 0000051434 STANDARD INDUSTRIAL CLASSIFICATION: 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: 99552073 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, 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 1996-1998 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 2 Road, 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 Niagra 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 1998, 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 seven qualified cogeneration facilities which sold electric energy in 1998: the Androscoggin Facility in Jay, Maine which has a capacity of approximately 80.0 MW; 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. 3. (a) The only sales of electric energy by International Paper and its subsidiaries during calendar year 1998 were at wholesale and were as follows: HYDROPOWER MWH REVENUES - - ---------- ------- -------------- Curtis/Palmer Hydroelectric Company (1) 301,508 $33,467,299.20 Otis Hydroelectric Company (2) 56,287 $ 4,559,420.00 Riley/Livermore/Jay 27,688 $ 2,266,096.00 Woronoco 2,158 $ 59,263.57 Turners Falls 74 $ 2,028.69 (1) International Paper controls 50% of Curtis/Palmer through its subsidiary Saratoga Development Corporation. (2) International Paper controls 50% of Otis through its subsidiary Chisholm Development Corporation. 4
OTHER QUALIFYING FACILITIES - - --------------------------- Androscoggin 155 $ 3,976.00 Camden 874 $ 16,157.60 Erie 761 $ 20,990.00 Leola 3,329 $ 57,718.00 Lockhaven 4,431 $ 59,491.33 Natchez 27 $ 513.58 Riverdale 16,662 $ 316,822.46 -------- --------------- TOTAL (INCLUDING PREVIOUS PAGE) 413,954 $ 40,820,776.43
3. (b) and (c) In 1998, 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 1998, 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 or at the state line. 4. During 1998, 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 SIGNATURE The above-named claimant has caused this statement to be duly executed on its behalf by its authorized officer on this 25th day of February, 1999. INTERNATIONAL PAPER COMPANY (NAME OF CLAIMANT) By: /s/ Andrew R. Lessin ------------------------ Vice President & Controller Attest: /s/ James W. Guedry - - ---------------------------------- Secretary 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 39197 6 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, 1998, 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, 1998, 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, 1998, of Curtis/Palmer Hydroelectric Company L.P. have not been finalized, and when they are ready a copy will be filed with the Securities Exchange Commission as an amendment to this filing. 7 EXHIBIT A-2 SARATOGA DEVELOPMENT CORPORATION INCOME STATEMENT FOR PERIODS ENDING DECEMBER 31 1998
12/31/98 OTHER INCOME/EXPENSE Dividend Income Consolidated Subsidiaries Consolidated Subsidiaries Domestic $ 4,000,000 Other Expense Minority Interest Expense (8,144,214) Taxes Other Than Income 95 Total Earning/(Loss) Before Income Taxes ($4,144,309) PROVISION FOR INCOME TAXES Current U.S. Federal Income Taxes $ 3,208,123 State and Local Income Taxes 1,775,000 Total 4,983,123 Deferred U.S. Federal Income Taxes (422,300) State and Local Income Taxes (136,000) Total (558,300) Total Provision for Income Tax $ 4,424,823 NET INCOME/(LOSS) ($8,569,132)
SUBSIDIARIES (MORE THAN 50% VOTING CONTROL) (EXCLUDING SHELF COMPANIES) OF INTERNATIONAL PAPER COMPANY(L)(2) (A NEW YORK CORPORATION) TWO MANHATTANVILLE ROAD PURCHASE, NEW YORK 10577 - - - 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. - - - Name-holding subsidiaries are not included.
Attachment I PLACE OF SUBSIDIARY NAME ADDRESS INCORP - - --------------- --------- ------ Allegheny Railroad Company Two Manhattanville Road, Purchase, NY 10577 PA American Central Corporation 75 Chestnut Ridge Road, Montvale, NJ 07645 Ml American Central Company (a Massachusetts Trust 75 Chestnut Ridge Road, Montvale, NJ 07645 MA Grandland Corporation 3731 S. Braden Place, Tulsa, OK OK Anitec Image International B.V. Nieuwenhuizenweg 10, 2314 XR Leiden, Netherland NET Arizona Chemical AS Greakerveien 127, N-1720, Greaker, Norway NOR 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 SPA Champlain Investments (Bermuda), Inc. Clarendon House, 2 Church St., P.O. Box HM 1022, Hamilton HM DX, Bermuda DE Trout Creek Equipment Leasing, L.P. c/o Pestalozzi Gmuer & Patry, Lowenstrasse 1, CH-9001 Zurich, Switerland DE Ticonderoga Assets, Inc. c/o Pestalozzi Gmuer & Patry, Lowenstrasse 1, CH-9001 Zurich, Switzerland DE Chisholm Development Corporation* Two Manhattanville Road, Purchase, NY 10577 ME Crystal Valley Corporation Two Manhattanville Road, Purchase, NY 10577 AK Emballages Laurent S.A. Ave. Louis Jacques Thenard, 71 100, Chalon-sur-Saone, France FRA Envases Internacional S.A. Edificio Sequros Sudamerica, Penthouse G, Avenida Francisco de Miranda, Urb. El Rosal, Caracas, Venezuela VEN(A) FPB Augusta, Inc. Two Manhattanville Road, Purchase, NY 10577 DE FPB Property Holdings Corporation Two Manhattanville Road, Purchase, NY 10577 DE Federal Forestlands, Inc. Two Manhattanville Road, Purchase, NY 10577 DE Fort Ticonderoga Investments, Inc. Two Manhattanville Road, Purchase, NY 10577 DE GCO Minerals Company 1600 Smith Street, Suite 3600, Houston, TX 77002 TX 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
* Chisholm Development Corporation - owns 50% of Otis Hydroelectric Company Partnership (a) Envases - 51% owned by International Paper
SUBSIDIARY NAME ADDRESS - - --------------- --------- Green Mountains Holdings A.G. Schlumpf & Partner, Treuhand AG, Lowenstrasse 1, 8001, Zurich Hammermill Paper Company Two Manhattanville Road, Purchase, NY 10577 Ilford Anitec S.a.r.L. Thiebaud & von der Weid, Avocats, Rue de Romont 35, CH-1700 Fribourg, Switzerland Imperial Bondware Corp. Two Manhattanville Road, Purchase, NY 10577 Federal Paper Board (India), Inc. Two Manhattanville Road, Purchase, NY 10577 Impresora del Yaque, C. por A. Autopista Santiago Navarrete, Kilometro 2 1/2, Santiago, Dominican Republic International Logging Corporation Two Manhattanville Road, Purchase, NY 10577 International Paper - 3, Inc. Two Manhattanville Road, Purchase, NY 10577 International Paper - 16, Inc. Two Manhattanville Road, Purchase, NY 10577 International Paper de Mexico, S.A. de C.V. Carr. 57 Queretaro-San Luis Potosi, Km. 60.2, 37980, San Jose Iturbide, Guanajuato,Mexico International Paper Comercial de Mexico, S.A. de C.V. Montes Urales 723 P.B. Lomas de Chapultepec, Delegacion Miquel Hidalgo, Mexico, DF 11000 Mexico Oficina Central de Servicios, S.A. de C.V. Independencia 800 Altos, Col Centro, 31000 Chihuahua, Chihuahua, Mexico Papelera Kif de Mexico, S.A. de C.V. Av. Herolco Colegio Militar 3705, Col. Mombre de Dios, C.P. 31110, Mexico xpedx, S.A. de C.V. Av. Lopez Mateos No. 2050, Interior A42, Col. Jardines de San Jose, 32390 Cd. Juarez, Chihuahua, Mexico International Paper - 22, Inc. Two Manhattanville Road, Purchase, NY 10577 International Paper - 26, Inc. Two Manhattanville Road, Purchase, NY 10577 International Paper - 30, Inc Two Manhattanville Road, Purchase, NY 10577 International Paper - 31, Inc. Two Manhattanville Road, Purchase, NY 10577 International Paper - 33, Inc Two Manhattanville Road, Purchase, NY 10577 International Paper - 34, Inc. Two Manhattanville Road, Purchase, NY 10577 International Paper - 35, Inc. Two Manhattanville Road, Purchase, NY 10577 International Paper (Asia) Limited 1401-1407 Shui On Centre, 6-8 Harbour Rd., Wanchai, Hong Kong International Paper (Belgium) S.A. Blvd. de la Woluwe 100,1200 Brussels, Belgium
(b) Green Mountain - General Partner in Trout Creek Equipment Leasing L.P. (c) Impresora - 51% owned by International Paper (d) International Paper - 3, Inc. - .12% owner of International Paper Deutschland, Inc. & Co. Holdings KG
SUBSIDIARY NAME ADDRESS - - --------------- --------- International Paper (Bermuda), Inc Clarendon House, 2 Church St., P.O. Box HM 1022, Hamilton HM DX, Bermuda Georgetown Equipment Leasing Associates, LP c/o Pestalozzi Gmuer & Patry, Lowenstrasse 1, CH-9001 Zurich, Switzerland Georgetown Assets Inc. c/o Pestalozzi Gmuer & Patry, Lowenstrasse 1, CH-900 1 Zurich, Switzerland International Paper Brasil Ltda. Rua Saloado Amarillo Goncalves Quieros, Sao Paulo SP, Brazil International Paper Canada, Inc. c/o Borden & Elliot, 40 King St., W., Suite 4400 Toronto, Ontario, Canada M5H 3Y4 Akrosil Canada, Ltd. 7575 Kimbel St., Suite 14, Mississauga, Ontario, Canada L5S lC8 International Paper Capital Formation, Inc. Two Manhattanville Road, Purchase, NY 10577 International Paper (Belgium) Blvd. de la Woluwe 100, 1200 Brussels, Belgium International Paper Cogeneration of Maine, Inc. Two Manhattanville Road, Purchase, NY 10577 International Paper Company (Delaware) Two Manhattanville Road, Purchase, NY 10577 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, Venezuela Jet Cargo International P.O. Box 02001 0, Miami, FL 33102 International Paper Company (Europe) Limited Talacker 41, 8001, Zurich, Switzerland International Paper Company Foundation (Non-profit) Two Manhattanville Road, Purchase, NY 10577 International Paper Company (Japan) Limited The Imperial Tower, 1-1, 10th Floor, 1-1Uchisaiwaicho 1-chome, Chiyoda-ku, Tokyo 100-0011, Japan International Paper Company Pty. Limited Levels 27-35, No. 1 O'Connell St., Sydney N.S.W. 2000 Australia Continental Cup (joint venture/partnership) NEED ADDRESS International Paper de Argentina S.A Avda. Federico Lacroze 2252, 7th Floor, 'B," Federal District, Buenos Aires, Argentina International Paper de El Salvador, S.A. de C.V. Km. 7 1/2 Boulevard, Del Ejercito Nacional, Soyapango, El Salvador, Central America International Paper Deutschland, Inc. Two Manhattanville Road, Purchase, NY 10577 International Paper Deutschland, Inc. & Co. Holdings KG An der Gohrsmuhle, 51465 Bergisch Gladbach, Germany Gartensiedlungsgesellschaft Gronauer Wald mbH An der Gohrsmuhle, 51465 Bergisch Gladbach, Germany Gartensiedlungs-Gesellschaft Gronauer Wald An der Gohrsmuhle, 51465 Bergisch Gladbach, Germany mbH & Co. lmmobilien oHG Strunder Spedition GmbH Senefelderstrasse 15, 51469 Bergisch Gladbach, Germany
(e) International Paper (Bermuda), Inc. - Owns 80% of ltd. partnership; 20% owned by 3rd party investors. (f) International Paper Deutschland, Inc. - 99% owner of International Paper Deutschland, Inc. Co. Holdings KG
PLACE OF SUBSIDIARY NAME ADDRESS INCORP - - --------------- --------- ------ Zanders Feinpapiere AG An der Gohrsmuhle, 51465 Bergisch Gladbach, Germany GER Europapier S.A. Zone lndustdelle, Route de Piscop - 95530, FRA Saint-Brice-sous-Foret, France International Paper Premium Papers EWIV* NEED ADDRESS GER Zanders Benelux S.P.R.L. Ave. des Pagodes 1, 1020 Brussels, Belgium BEL Zanders FinePapers Ltd. Chronicle House, Larkfield, Aylesford, Kent, ME20 6SE England ENG Zanders Iberia S.L. Carrer Joan Guell 149, Etio. C., 08028 Barcelona, Spain SPA Zanders International Finance B.V. c/o Deutsche de Bary Trust N.V. Herengracht 450-454, NET 1017CA Amsterdam, Netherland Zanders Italia s.r.l. Via Ca Dell'Orbo n. 13-14, Villanova di Castenaso (Bo) Italy ITA Zanders U.S.A., Inc. 100 Demarest Drive, Wayne, NJ 07470 NJ International Paper Financial Services, Inc. 6400 Poplar Avenue, Memphis, TN 38197 DE International Paper Foreign Sales Corporation Trident Trust Company (V.I.), Suite 208 Citibank Building, Veterans Drive, Charlotte Amalie St. Thomas, U.S. V.I. 00801 USVI 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 FRA Arizona Chemical S.A. 262 Avenue Jean Jaures, 79000 Niort, France FRA International Paper Emballages Liquides S.A. B.P. 312, 25 Chemin Des Freres Lumiere 69802, St. Priest France FRA Societe Normande de Carton Ondule 25, rue Michel Salles, 92210 Saint-Cloud, France FRA Societe Mediterraneenne D'Emballages S.A 25, rue Michel Salles, 92210 Saint-Cloud, France FRA (H) Societe Modeme D'Emballages S.A 25, rue Michel Salles, 92210 Saint-Cloud, France FRA International Paper Investments (France) S.A. 1, rue du Petit Clamart, 78140 Velizy-Villacoublay, France FRA Aussedat Rey S.A. 1, rue du Petit Clamart, 78140 Velizy-Villacoublay, France FRA Aussedat Rey France Distribution S.N.C. 1, rue du Petit Clamart, 78140 Velizy-Villacoublay, France FRA Aussedat Rey Nederland B.V. DeBoelelaan 575A, 1082 RM Amsterdam, The Netherland NET
* Also owned by Aussedat Rey S.A. & International Paper Netherlands B.V. (each as a 1/3 ownership) (g) Int'l Paper France - 76.98% owned by Int'l Paper Co., 12.58% owned by Int'l Paper Investments (Poland), Inc. and 10.44% 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
PLACE OF SUBSIDIARY NAME ADDRESS INCORP - - --------------- --------- ------ 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 FRA Comptoir des Bois de Brive S.N.C. 17, avenue Maillard, 19104 Brive Cedex, France FRA Corimex S.N.C. Zone Industrielle de Ladoux Cebazat, 63118 Clermont-Ferrand, France FRA International Paper (Deutschland) GmbH Volmerswerther Strasse 20, 40221, Dusseldorf, Germany GER International Paper (Espana), S.L. Muntaner 200, Atico 7 E-08036, Barcelona, Spain SPA Polyrey S.N.C. 1, rue du Petit Clamart, 78140 Velizy-Villacoublay, France FRA Polyrey Iberica S.A. Calle Ronda 38, 08100 San Fost de Campsentelles, Barcelona, Spain SPA International Paper Benelux S.A. Haachtsesteenweg 162,1830 Melsbroek, Belgium BEL 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 FRA Societe de Reboisement Societe Civile 17, avenue Maillard, 19104 Brive Cedex, France FRA Societe Immobiliere des Papeteries de France S.A. 1, rue du Petit Clamart, 78140 Velizy-Villacoublay, France FRA S.P.S.V. S.A. 1, rue du Petit Clamart, 78140 Velizy-Villacoublay, France FRA Arizona Chemical S.A.R.L. 11 Bis Avenue Auber, 06000 Nice, France FRA Cellulose et Papiers de Pologne S.A. 1, rue du Petit Clamart, 78140 Velizy-Villacoublay, France FRA (I) International Paper - Kwidzyn S.A ul Lotnicza 1, 82500 Kwidzyn, Poland POL Bartorex SP. ZO.O. Krobia K. Torunia, 87-162 Lubicz, Poland POL Impap - SP. ZO.O ul. 30 Stycznia 35, 83-100 Tczew, Poland POL Tor-Pal SP. ZO.O. ul. Lotnicza 1, 82-500 Kwidzyn, Poland POL International Paper Industrie France S.A. 25 Chemin des Freres Lumiere, Saint-Priest, Cedex, France FRA International Paper Holding AG Schlumpf & Partner Treuhand AG, Alpenstrasse 12, Zug, Switzerland SWIT(J) International Paper Holdings Company* Two Manhattanville Road, Purchase, NY 10577 DE
* International Paper Holdings Company -- owns 153,000 shares (.99%) of International Paper Italia,S.p.A. (i) Cellulose et Papiers de Pologne - holds 98.98% of International Paper - Kwidzyn S.A. (j) International Paper Holding AG - General Partner in Georgetown Equipment Leasing Associates, L.P.
PLACE OF SUBSIDIARY NAME ADDRESS INCORP - - --------------- --------- ------ International Paper Investment Corporation Wilmington Trust Center, 1105 N. Market Street, Suite 1300, Wilmington, DE DE International Paper Czech Republic, s.r.o. Vrsni 54, 182 00 Prada 8, Czech Republic CZE International Paper (Europe) S.A. Boulevard de la Woluwe, 100, 1200 Brussels, Belgium BEL International Paper Finance (Barbados) Limited Ernest & Young Bldg., Bush Hill, Bay St., Bridgetown, Barbados BAR International Paper Hungary Kereskedelmi Kft. Rumbach Center, Rumbach S.u.21.H-1075, Budapest., Hungary HUN International Paper Slovakia, s.r.o. (NOT YET FORMED-4Q'98) (Need Address) SLO 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 POL International Paper Liquid Packaging (Poland) Sp.zo.o. Sp.zo.o. (not yet formed) POL International Paper Italia S.p.A. Via Ornago, 55, 20040 Bellusco, (Milan) Italy ITA International Paper Jamaica, Ltd. Lot 5, Henderson Avenue, Naggo Head Industrial Estate JAM Naggo Head, Saint Catherine, Jamaica, West Indies International Paper Korea Ltd. IP House, 552-19 Shinsa-dong, Kangnam-ku, Seoul, Korea 135-120 KOR(L) International Paper - Masonite Holding Company Ltd. Two Manhattanville Road, Purchase, NY 10577 DE International Paper Group (UK) Limited Howley Park Estate, Morley, Leeds LS27 OQT, England ENG Horsell, Limited Howley Park Estate, Morley, Leeds LS27 OQT, England ENG 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 FRA International Paper (Leeds) Limited Aberdeenshire, Scotland, A851 5NR, UK (registered Office) SCOT Yeadon Industrial Estate, Yeadon, E. Yorkshire, LS19 7WP, UK (mail) IP Information Services Limited Inverurie Mills, Aberdeenshire, Scotland AB51 5NR, UK SCOT Thomas Tait & Sons Limited (dormant) Inverurie Mills, Aberdeenshire, Scotland AB51 5NR, UK SCOT IP UK Operations Holding Limited Howley Park Estate, Morley, Leeds LS27 OQT, England ENG Forest Lines Agencies (UK) Limited Cerdic House, The Dock, Felixtowe, Suffolk, IP11 8TX, England ENG International Paper Company Limited Manor House, 1 The, Leatherhead, Surrey KT22 8DH England ENG International Paper Containers (UK) Limited Road 3, Industrial Estate, Winsford, Cheshire, ENG W7 3RJ ENG Veratec, Ltd. First Field Lane, Braunton, North Devon, EX33 1 ER, England ENG
(k) International Paper Investments (Poland) Inc. - Holds 1.001% of Intl. Paper - Kwidzyn S.A. (l) International Paper Korea - 80% owned by International Pape
PLACE OF SUBSIDIARY NAME ADDRESS INCORP - - --------------- --------- ------ International Paper - Masonite (Bermuda) Unlimited c/o Codan Services Limited, Clarendon House, Church Street, BER P.O. Box HM 1022, Hamilton HM DX, Bermuda International Paper Holdings Ireland Carrick-on-Shannon, County Leitrim, Ireland IRE Masonite Ireland Carrick-on-Shannon, County Leitrim, Ireland IRE Masonite Europe Segrave House, 19/20 Earlsfort Terrace, Dublin 2, Ireland IRE Masonite Ireland Research Carrick-on-Shannon, County Leitrim, Ireland IRE Shanghai International Paper Trading Company Limited NEED ADDRESS PRC Masonite (Hangzhou) Fiberboard Corporation Limited Hangzhou Economic and Technological Development Zone, Hangzhou, Zhejiang Province, PRC PRC Masonite Korea Yuhan Hoesa 1240 Chungwang-Dong, Korea KOR International Paper (Papeteries Etienne) Holdings, Inc. Two Manhattanville Road, Purchase, NY 10577 DE Papeteries Etienne S.A. 29 avenue de Camargue, 13632 Arles, France FRA International Paper Portfolio Investments, Inc. Two Manhattanville Road, Purchase, NY 10577 DE International Paper Professional Services Corporation Two Manhattanville Road, Purchase, NY 10577 DE International Paper Realty Corporation 75 Chestnut Ridge Road, Montvale, NJ DE Bear Mountain Development Corporation 75 Chestnut Ridge Road, Montvale, NJ DE Haig Point, Inc. 75 Chestnut Ridge Road, Montvale, NJ 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 SC Company, Inc. P.O. Box 7319, Hilton Head Island, SC 29938 SC Haig Point Utility Company, Inc. P.O. Box 7319, Hilton Head Island, SC 29938 SC International Paper (Russia) Holding Company Two Manhattanville Road, Purchase, NY 10577 DE Svetogorsk Beteiligungs GmBH NEED ADDRESS RUS International Paper Sverige Box 55066 Odegardet, 48, S-40053 Goteborg, Sweden SWE Arizona Chemical AB Box 66, S-820 22, Sandarne, Sweden SWE Arizona Chemical B.V. "De Molenberg", Hellingstraat 22H, N-1271, Va Huizen, Netherland NETH Arizona Chemical GmBH Bahrenfelder Strasse 244, D-22765 Hamburg, Germany GER
SUBSIDIARY NAME ADDRESS - - --------------- --------- Arizona Chemical Limited Manor House, 1 The Crescent, Leatherhead, Surrey, KT22 8DH England International Paper Taiwan Ltd. 7th Floor, Walsin Financial Bldg., 117, Sect. 3, Min Sheng East Road, Taipei 10446 Taiwan, Republic of China International Paper Trademark Company 919 Market Street (Suite 610), Wilmington, DE International Paper (Turkey) Holding Company Two Manhattanville Road, Purchase, NY 10577 International Pulp Sales Company Two Manhattanville Road, Purchase, NY 10577 International Records Corporation Two Manhattanville Road, Purchase, NY 10577 IPI Corporation Juzen Bldg., 9-6 Nagata-cho 2-chrome, Chlyoda-ku, Tokyo 100 Japan IPI S.r.L. Via Piermarini 19, 06132, San Sisto (Perugia) Italy IP Investment Holdings Two Manhattanville Road, Purchase, NY 10577 IP Pacific Forest Corporation Two Manhattanville Road, Purchase, NY 10577 IP Petroleum Company, Inc. 1600 Smith Street, Suite 3600, Houston, TX IP Southern Timberlands, Inc. Two Manhattanville Road, Purchase, NY 10577 Longview, Portland & Northern Railway Company Box 22, Gardiner, OR Masonite Corporation One South Wacker Drive, Chicago, IL 60606 Masonite (Africa) Limited 14th Floor Nedbank Centre, Durban Club Place, Durban 4001, Republic of So. Africa Ezebilt Products (PTY) Ltd. 322 Mark Street, Waltoo, Silverton, Pretoria 0127, Republic of So. Africa Masonite CP Ltd. Jason House, Kerry Hill, Horsforth, Leeds, LS 18 4JR, England Masonite Corporation Foreign Holdings Ltd. One South Wacker Drive, Chicago, IL International Paper (Netherlands) B.V. P.O. Box 54128, 3008 JC Rotterdam, The Netherland Akrosil Europe B.V. lmstenraderweg 15, 6422 PM Heerlen, The Netherland Forest Lines Agencies B.V. Kantoorschip "Hendrik,' PO Box 54128, 3008 JC Rotterdam, Netherland Kleefsman B.V. Patrmoniumlaan 46-48, 3904 AE Veenendael, The Netherland Recom B.V. Nieuweweg 283A, 6603 BN Wijchen, Netherland Scaldia Papier B.V. Fabrieksweg 23-27, 6541 BP Nijmegen, The Netherland Myrtle Investments, Inc.* Two Manhattanville Road, Purchase, NY
* Myrtle Investments, Inc. - holds 14.3% of International Paper France Inc. (m) I.P.I. Corp. - 51% owned by International Paper (n) Masonite (Africa) Limited - 66.73% owned by Masonite Corporation
PLACE OF SUBSIDIARY NAME ADDRESS INCORP - - --------------- --------- ------ Ngahere Aotearoa, Inc. Two Manhattanville Road, Purchase, NY DE Carter Holt Harvey Limited 640 Great South Road, Manukau City, Auckland, New Zealand NZ(O) NSC Timberlands, Incorporated Two Manhattanville Road, Purchase, NY SC PAPCO INC. 3101 International Drive East, Mobile, AL DE Papeteries d'Espaly S.A. Espaly, 43000 Le Puy-en-Velay, France FRA 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, MAL Singapore 038986 Saratoga Development Corporation** Two Manhattanville Road, Purchase, NY 10577 DE Shanghai International Paper CNPC Ltd. 9H, Tseng Chow Commercial Building, 1590 Yan An West Road, Shanghai 200052, PRC(p) People's Republic of China Societe Guadeloupeenne de Carton Ondule Boite Postale No. 2, 97101 Besse Terre, Guadeloupe, FWI FRA Sustainable Forest L.L.C. Two Manhattanville Road, Purchase, NY 10577 DE Sustainable Forest Technologies, Inc. 6600 LBJ Freeway, 2nd Floor, Dallas, TX LA Taussig's Graphic Supply Inc. 1600 Smith Street, Suite 3600, Houston, TX DE The Long-Bell Petroleum Company, Inc. Two Manhattanville Road, Purchase, NY 10577 DE Timberlands #2 L.L.C. Two Manhattanville Road, Purchase, NY 10577 DE Timberland Capital Corp. Inc. Two Manhattanville Road, Purchase, NY 10577 DE Timberland Capital Corp. II, Inc. Two Manhattanville Road, Purchase, NY 10577 DE Weston Paper and Manufacturing Co. Box Co. Two Manhattanville Road, Purchase, NY 10577 OH Wabash Fibre Two Manhattanville Road, Purchase, NY 10577 AR Zellerbach Paper Company Two Manhattanville Road, Purchase, NY 10577 CA 751178 Ontario Limited c/o Borden & Elliot, Scotia Plaza, 40 King Street West, Toronto, Ontario CAN M5H 3Y4 CAN
** Saratoga Development Corporation - holds 50% of Curtis /Palmer Hydroelectric Company L.P (o) Carter Holt Harvey Limited - 50.16% held by Ngahere Aotearoa (p) Shanghai Int'l. Paper CNPC - 45% owned by China Nat'l Pkg. Corp.
ABBREVIATIONS ARGENTINA.................................................ARG AUSTRALIA.................................................AUS BARBADOS..................................................BAR BELGIUM...................................................BEL BERMUDA...................................................BER BRAZIL....................................................BRA CANADA....................................................CAN CZECH REPUBLIC............................................CZE DOMINICAN REPUBLIC........................................DOM EL SALVADOR...............................................ELSA ENGLAND...................................................ENG FINLAND...................................................FIN FRANCE....................................................FRA GERMANY...................................................GER HONG KONG.................................................HK REPUBLIC OF HUNGARY.......................................HUN IRELAND...................................................IRE ITALY.....................................................ITA JAMAICA...................................................JAM JAPAN.....................................................JAP KOREA.....................................................KOR MALAYSIA..................................................MAL MEXICO....................................................MEX NETHERLANDS...............................................NET NEW ZEALAND...............................................NZ NORWAY....................................................NOR PEOPLE'S REPUBLIC OF CHINA................................PRC POLAND....................................................POL RUSSIA....................................................RUS SCOTLAND..................................................SCOT SLOVAK REPUBLIC...........................................SLO SOUTH AFRICA..............................................SOAF SPAIN.....................................................SPA SWEDEN....................................................SWE SWITZERLAND...............................................SWIT TAIWAN....................................................TAI U.S. VIRGIN ISLANDS.......................................USVI VENEZUELA.................................................VEN
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