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Google Buys Finnish Paper Mill

Posted by CmdrTaco on from the now-they-aren't-making-google-book dept.

raffnix writes "Today, Finland-based paper group Stora Enso has announced that Google is buying the buildings and most of the Summa Mill site, where production of paper was ceased last month, for approximately 40 million Euros ($51.7 million). Obviously the space is most likely going to serve as a data center, which has now also been confirmed by Reuters."

6 of 166 comments (clear)

  1. The "Paper Mill" part is incidental by jafiwam · · Score: 5, Interesting

    They just need industrial space. It just so happens that paper mills, like data centers need a lot of electricity.

    Which is cheap if your grid is fed by a hydroelectric dam (Summa, Finland area does have hydro-power).

    Lots of paper mills have gone out of business in the last decade, changing paper use habits has caused this.

    1. Re:The "Paper Mill" part is incidental by kqc7011 · · Score: 5, Interesting

      There is also a paper mill in Niagara Wi. that is also being closed by Stora Enso that has its own hydro electric dam. Google could do the same thing here. Google could put a small town back to work. And make a profit selling the extra electricity too. Something different, a data center that pays for itself.

      --
      Passionately Indifferent
  2. Why is this news? by jandrese · · Score: 5, Interesting

    Big corporation buys some land to put buildings on. Previous occupant happened to be a paper mill, but who cares? Maybe I'm crazy, but I really don't see what's so newsworthy about this.

    --

    I read the internet for the articles.
  3. Re:How nifty! by Anonymous Coward · · Score: 1, Interesting

    abundance of highly trained CS engineers in Finland does not hurt.

    Not quite true. I'm an M.Sc. student and there has been a lot of discussion about quotas at universities being too big since if too many are admitted, quite a few people that simply aren't bright enough are admitted too. So there are quite a few M.Scs here - we still have the highest income level, after all - 10-25 % above MBAs on average (I study that too so I have access to all statistics). But not all with a degree, are particularly good (so employers do check grades).

  4. Stora Kopparberg by Bj�rn · · Score: 5, Interesting

    Today, Finland-based paper group Stora Enso

    Stora Enso has its headquarters in Finland, but it is both a Finnish and Swedish company. In 1998 Swedish Stora Kopparberg and Finnish Enso-Gutzeit Oy merged into Stora Enso. What is interesting about Stora Kopparberg ("great copper mountain") is that it started out as a copper mining company and is probably the oldest existing corporation in the world. The first shares for Stora came out in 1288.

    --
    Never express yourself more clearly than you are able to think. --Niels Bohr
  5. Re:Media has it Wrong by mabhatter654 · · Score: 2, Interesting

    on the contrary, for legal purposes it would be better to clear your email inbox every 3 months and archive the emails involving SOX matters to another location... for a small business paper would be perfectly fine. What you DON'T want in SOX procedures is to have many locations of "stuff" out there on various backup tapes "just in case". If you have legal trouble they'll suddenly want EVERY backup tape you ever made as evidence.. you need to have a system that PROVES only specific locations have legal documents. And paper is a good format... again, if you show a lawyer neat boxes of paper they'll take over kinkos and make a copy... show them a box of backup tapes and the law freaks out.