Resand Secures Expanded Loan Facility to Boost Sand Recycling Efforts
Resand, a pioneering technology company based in Nuutajärvi, Finland, has announced a significant expansion of its loan facility with Norion Bank. The equipment finance agreement, initially set at €14.5 million in November 2025, has now been increased to a substantial €25 million. This expansion marks a critical step for the company, enabling it to meet the rising demand for its sustainable foundry sand recovery and recycling solutions.
Driving Sustainable Solutions in the Foundry Industry
The additional funding will allow Resand to forge new customer agreements and enhance its investment in cutting-edge sand recovery machinery. This strategic move comes at a time when foundries worldwide are under pressure to adhere to sustainability goals, improve profitability, and secure their sand supply. The demand for Resand’s services reflects a broader industry trend towards sustainable practices, as highlighted by industry experts.
CEO Mikko Immonen on Strategic Growth
Mikko Immonen, CEO of Resand, expressed enthusiasm about the company’s trajectory: “The expansion of our facilities with Norion Bank is a clear sign that our business is growing as planned. The start of 2026 was particularly strong, as we signed new sand-as-a-service agreements with AGVS Aluminum Werke GmbH in Germany and Termit, a leading silica sand producer in Slovenia, in February, strengthening our presence in the DACH market and Central Europe.”
Immonen further emphasized the importance of the funding: “The additional financing gives us an excellent foundation to continue our internationalization and expansion into new markets, in line with our strategy. Norion Bank has proven to be an exceptional partner, understanding both our business and its impact on sustainability.”
A History of Innovation in Sand Recycling
Resand, originally founded in 2013 under the name Finn Recycling, rebranded in 2023 to reflect its enhanced focus on sand regeneration and international expansion. The company specializes in environmentally friendly methods for recycling foundry sand, a critical resource facing scarcity. By cleaning and reusing sand, Resand significantly reduces the extraction of virgin sand, thus preserving biodiversity and ensuring a sustainable supply chain.
Transformative Sand as a Service Model
Through its innovative Sand as a Service (SaaS) model, Resand turns sand waste into a valuable resource without imposing heavy investment or maintenance burdens on foundries. Their Resand® solution boasts near 100% recycling efficiency, with modular sand catchers built directly at foundry sites. This approach not only facilitates seamless integration into existing operations but also slashes CO₂ emissions associated with sand use and transport by up to 80%.
Support from Norion Bank
Norion Bank, founded in 1999 and formerly known as Collector Bank, is a Nordic banking group renowned for its tailored financing solutions for mid-sized businesses. With offices across key Nordic cities, Norion Bank has been instrumental in supporting Resand’s growth. Karl-Mikael (Miku) Holmbäck of Norion Bank commented on the partnership: “Resand’s growth is progressing with determination, and the expansion of the facility is the natural next step in our long-term partnership, where we support the company in expanding its international presence. Resand combines strong business fundamentals with measurable environmental impact.”
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