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Google Buys Paper Mill Property for Future Data Center

Out with Paper, In with the Data

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[ Business]

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

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.

Google Buys Paper Mill Property for Future Data Center
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    Peter Roesler
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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.