As filed with the U.S. Securities and Exchange Commission on January 28, 2003

Registration No. 333-




SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



FORM F-6
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
For Depositary Shares Evidenced by American Depositary Receipts



Aracruz Celulose S.A.
(Exact name of issuer of deposited securities as specified in its charter)

Not applicable
(Translation of issuer’s name into English)

The Federative Republic of Brazil
(Jurisdiction of incorporation or organization of issuer)

JPMORGAN CHASE BANK
(Exact name of depositary as specified in its charter)

60 Wall Street, New York, NY 10260-0060
Telephone (212) 648-3250
(Address, including zip code, and telephone number, including area code, of depositary’s principal executive offices)



CT Corporation System
111 Eighth Avenue, 13th Floor
New York, New York 10011
(212) 894-8940
(Address, including zip code, and telephone number, including area code, of agent for service)

Copy to:
Scott A. Ziegler, Esq.
Ziegler, Ziegler & Associates LLP
570 Lexington Avenue, 44th Floor
New York, New York 10022
(212) 319-7600

It is proposed that this filing become effective under Rule 466

[X] immediately upon filing

[   ] on (Date) at (Time)

             If a separate registration statement has been filed to register the deposited shares, check the following box. [   ]

CALCULATION OF REGISTRATION FEE

 Title of each class of
Securities to be registered
Amount
to be registered
Proposed maximum
aggregate price per
unit (1)
Proposed maximum
aggregate offering
price (2)
Amount of
registration fee
American Depositary Shares evidenced by
American Depositary Receipts, each American
Depositary Share representing ten Class B
Shares of Aracruz Celulose S.A.
50,000,000
American
Depositary
Shares
$5.00 $2,500,000 $230


(1)   Each Unit represents 100 American Depositary Shares.

(2)   Estimated solely for the purpose of calculating the registration fee. Pursuant to Rule 457(k), such estimate is computed on the basis of the maximum aggregate fees or charges to be imposed in connection with the issuance of American Depositary Receipts evidencing American Depositary Shares.




 


PART I
INFORMATION REQUIRED IN PROSPECTUS

         The Prospectus consists of the proposed form of American Depositary Receipt (“ADR” or “American Depositary Receipt”) included in Exhibit (a)(3) to this Registration Statement, which is incorporated herein by reference.

CROSS REFERENCE SHEET

Item 1. DESCRIPTION OF SECURITIES TO BE REGISTERED

Item Number and Caption   Location in Form of American Depositary
Receipt Filed Herewith as Prospectus


       
(1) Name and address of Depositary   Introductory paragraph
       
(2) Title of American Depositary Receipts and identity of deposited securities   Face of American Depositary Receipt, top center
       
  Terms of Deposit:    
         
  (i) Amount of deposited securities represented by one unit of American Depositary Shares   Face of American Depositary Receipt, upper right corner
         
  (ii) Procedure for voting, if any, the deposited securities   Articles (15) and (16)
         
  (iii) Collection and distribution of dividends   Articles (4), (12), (13), (15) and (18)
         
  (iv) Transmission of notices, reports and proxy soliciting material   Articles (11), (15), (16), (17) and (18)
         
  (v) Sale or exercise of rights   Articles (13), (14), (15) and (18)
         
  (vi) Deposit or sale of securities resulting from dividends, splits or plans of reorganization   Articles (12), (13) (15), (17) and (19)
         
  (vii) Amendment, extension or termination of the Deposit Agreement   Articles (20) and (21)
         
  (viii) Rights of holders of receipts to inspect the transfer books of the Depositary and the list of Holders of receipts   Article (11)
         
  (ix) Restrictions upon the right to deposit or withdraw the underlying securities   Articles (2), (3), (4), (6), (8) and (22)
         
  (x) Limitation upon the liability of the Depositary   Article (14), (18), (19) and (21)
         
(3) Fees and Charges   Articles (7) and (8)


 


Item 2. AVAILABLE INFORMATION

Item Number and Caption   Location in Form of American Depositary
Receipt Filed Herewith as Prospectus


       
(b) Statement that Aracruz Celulose S.A. is subject to the periodic reporting requirements of the Securities Exchange Act of 1934 and, accordingly, files certain reports with the Securities and Exchange Commission   Article (11)

 


PART II

INFORMATION NOT REQUIRED IN PROSPECTUS

Item 3. EXHIBITS

(a)(1)   Form of Deposit Agreement. Deposit Agreement dated as of May 21, 1992 among Aracruz Celulose S.A., JPMorgan Chase Bank, as successor depositary (the “Depositary”), and all holders from time to time of American Depositary Receipts issued thereunder (the “Deposit Agreement”). Previously filed as exhibit (a)(1) to Registration Statement No. 333-6600 which is incorporated herein by reference.
       
  (a)(2)   Form of Amendment to Deposit Agreement. Previously filed as exhibit (a)(2) to Registration Statement No. 333-6600 which is incorporated herein by reference.
       
  (a)(3)   Form of American Depositary Receipt. Filed herewith as Exhibit (a)(3)
       
  (b)   Any other agreement to which the Depositary is a party relating to the issuance of the American Depositary Shares registered hereunder or the custody of the deposited securities represented thereby. Not Applicable
       
  (c)   Every material contract relating to the deposited securities between the Depositary and the issuer of the deposited securities in effect at any time within the last three years. Not Applicable.
       
  (d)   Opinion of Ziegler, Ziegler & Associates LLP, counsel to the Depositary, as to the legality of the securities being registered. Filed herewith as Exhibit (d).
       
  (e)   Certification under Rule 466. Filed herewith as Exhibit (e).
       
  (f)   Power of Attorney. Included as part of the signature pages hereto.


Item 4. UNDERTAKINGS

(a)   The Depositary hereby undertakes to make available at the principal office of the Depositary in the United States, for inspection by holders of the American Depositary Receipts, any reports and communications received from the issuer of the deposited securities which are both (1) received by the Depositary as the holder of the deposited securities, and (2) made generally available to the holders of the underlying securities by the issuer.
       
  (b)   If the amounts of fees charged are not disclosed in the prospectus, the Depositary undertakes to prepare a separate document stating the amount of any fee charged and describing the service for which it is charged and to deliver promptly a copy of such fee schedule without charge to anyone upon request. The Depositary undertakes to notify each registered holder of an American Depositary Receipt thirty days before any change in the fee schedule.


 

 


SIGNATURE

         Pursuant to the requirements of the Securities Act of 1933, as amended, JPMorgan Chase Bank, on behalf of the legal entity created by the Deposit Agreement, certifies that it has reasonable grounds to believe that all the requirements for filing on Form F-6 are met and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in The City of New York, State of New York, on January 21, 2003.

  Legal entity created by the form of Deposit Agreement for the issuance of ADRs evidencing American Depositary Shares

  By: 
JPMORGAN CHASE BANK, as Depositary
       
       
    By:  /s/Jordana Chutter

    Name:
Title:
Jordana Chutter
Vice President

 


SIGNATURES

         Pursuant to the requirements of the Securities Act of 1933, Aracruz Celulose S.A certifies that it has reasonable grounds to believe that all the requirements for filing on Form F-6 are met and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, on January 21, 2003.

  ARACRUZ CELULOSE S.A.

  By: 
/s/Carlos Augusto Lira Aguiar

    Name:
Title:
Carlos Augusto Lira Aguiar
Chief Executive Officer and President

POWER OF ATTORNEY

         KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Carlos Augusto Lira Aguiar and each of them (with full power to each of them to act alone) his true and lawful attorney-in-fact and agent, with the power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities to sign any and all amendments, including post-effective amendments, and supplements to this registration statement, and to file the same, with all exhibits thereto and other documents in connection therewith, with the United States Securities and Exchange Commission, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully for all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them or their substitute or substitutes may lawfully do or cause to be done by virtue hereof.

         Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities indicated as of January 21, 2003.

Name   Title
     
/s/Erling S. Lorentzen

Erling S. Lorentzen
  Chairman
     
/s/Carlos Augusto Lira Aguiar

Carlos Augusto Lira Agular
  Chief Executive Officer
and President
     

 


Name   Title
     
/s/Eliezer Batista da Silva

Eliezer Batista da Silva
  Director
   
/s/Haakon Lorentzen

Haakon Lorentzen
  Director
   
/s/Carlos Alberto Vieira

Carlos Alberto Vieira
  Director
   
/s/Ernane Galveas

Ernane Galveas
  Director
   
/s/Isaac Sutton

Isaac Sutton
  Director
   
/s/José Roberto Ermirio de Moraes

José Roberto Ermirio de Moraes
  Director
   
/s/ Leon Chant Dakessian

Leon Chant Dakessian
  Director
   
/s/Marcus Olyntho de Camargo Arruda

Marcus Olyntho de Camargo Arruda
  Director
     

 


   
/s/Joao Felipe Carsalade

Aracruz Celulose (USA) Inc.
Joao Felipe Carsalade
Vice President and Director
  Authorized Representative in the
United States
   
/s/Jose Luiz Braga

Aracruz Celulose (USA) Inc.
Jose Luiz Braga
Vice President and Secretary
   

 


INDEX TO EXHIBITS

Exhibit
Number
  Sequentially
Numbered Page
     
(a)(3) Form of American Depositary Receipt  
     
(d) Opinion of Ziegler, Ziegler & Associates LLP, counsel to the Depositary, as to the legality of the securities to be registered  
     
(e) Rule 466 Certification