Invest in Finland

Functions

Google buys Finnish paper mill

12/02/2009

Internet search engine Google has made a bid to buy a defunct Finnish paper mill belonging to forest products company Stora Enso.

Google plans to turn the old mill into a computer central. Stora Enso shut down the plant over a year ago.

The deal, which is estimated at around 40 million euros, includes the factory lot and its buildings. However, part of the factory area will be handed over to the local government for other industrial purposes, according to an earlier agreement.

Paper production at Summa Mill ended in January 2008 and will not be resumed.  Google will announce its specific plans or future investment in due course.

 

Source: YLE, Stora Enso's Press release 12.2.2009 

Back to the top

Back to the top