Google Buys Paper Mill Property for Future Data Center

Out with Paper, In with the Data

By Chris Crum · February 12, 2009 · 3 Comments

Google is buying a paper mill site in Summa, Hamina, Finland, and replacing it with a data center. How’s that for symbolism?

Paper company StoraEnso signed an agreement to sell its buildings and most of the Summa Mill site to Google for about €40 million. They did agree that part of the site would be transferred to the City of Hamina for "other industrial uses."

StoraEnso says the transaction will improve its own operating profit by approximately €38 million, of which approximately €15 million is a reversal of earlier impairment. Paper production ended over a year ago at Summa Mill, and will not be resumed according to StoraEnso.

Google hasn’t made any official announcements on the deal yet, but told Reuters about the data center plans. It should be noted that Google Spokesman Kay Oberbeck only said they are considering building a data center.

The sale is expected to close by the end of the first quarter. Meanwhile more consumers dump print media for the Internet.

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There are 3 Comments. Add Yours.

florida web design
February 13, 2009 at 11:31 am
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it’s amazing that google is still steadily growing

Peter Roesler
President of a Florida Web Design Company
- wholesale bedroom furniture
  April 17, 2009 at 2:30 am
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  It’s interesting to see that Yahoo increased its US market share by 3%. I’ve always found that Yahoo does convert very well, often better than Google, so it’s definitely worth trying if you’re already using AdWords successfully.
Sunny
February 15, 2009 at 9:59 pm
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Now, it may be good time to expand or invest business for company which has still the good cash flow. You have power to negotiate for the lower price. The financial status of Google should be so strong.