Resand Boosts Loan to $27M for Greener Foundry Sand

Jan de Vries · 2026-06-05

Foundry sand is a big deal in manufacturing, and one Finnish company is making waves by turning waste into a resource. Resand, based in Nuutajärvi, just expanded its loan facility with Norion Bank from about $15.8 million (14.5 million euros) to $27.2 million (25 million euros). That's a serious cash injection for a company that's all about recycling sand used in metal casting. ### What's Driving This Growth? The extra funding isn't just for show. Resand plans to use it to lock in new customer deals and buy more sand reclamation machines. Why the rush? Foundries are feeling the heat to hit sustainability goals, cut costs, and keep their sand supply steady. Sand isn't infinite—virgin sand is getting scarce, and digging it up hurts biodiversity. Resand's solution? Clean and reuse the stuff. Mikko Immonen, Resand's CEO, put it bluntly: "Expanding our facility with Norion Bank is a clear sign that our business is growing as planned." Early 2026 has been a standout period, with new Sand as a Service agreements signed in February with AGVS Aluminium Werke GmbH in Germany and Termit, a top silica sand producer in Slovenia. That's strengthening their footprint in the DACH region and Central Europe.  ### How Resand's Tech Works Resand's approach is pretty clever. They build modular sand reclaimers right at the foundry, handling all the training, support, and maintenance. Foundries just focus on casting. The company claims their system recycles sand at near-100% efficiency and slashes CO2 emissions from sand use and transport by up to 80%. That's not just green—it's smart business. - **Sand as a Service (SaaS)**: No big upfront investment or maintenance headaches. Resand turns waste sand into a valuable resource. - **Modular design**: Units are built on-site, so foundries don't have to ship sand around. - **Environmental impact**: Less virgin sand mining means less biodiversity loss and lower emissions. ### The Bigger Picture Resand started in 2013 as Finn Recycling and rebranded in 2023 to push its sand regeneration units globally. The company warns that industrial-grade sand is running out—a problem most people don't think about but that affects everything from car parts to construction. By cleaning and reusing sand, they're tackling a hidden environmental crisis. Norion Bank, the lender behind this deal, is a Nordic banking group founded in 1999 (formerly Collector Bank). They specialize in financing for mid-sized companies, typically in the $3.3 million to $33 million range, plus growth and international businesses. With offices in Gothenburg, Stockholm, Helsingborg, Oslo, and Helsinki, they're a solid partner for scaling up. Karl-Mikael (Miku) Holmbäck from Norion Bank said: "Resand's growth is progressing with determination, and expanding the facility is a natural next step in our long-term partnership. We've built a strong understanding of their business model, investment cycle, and growth drivers, which allows us to support them in a scalable and predictable way. Resand combines solid commercial fundamentals with measurable environmental impact." ### What This Means for Foundries For foundries, this is a no-brainer. They get a steady sand supply without the environmental guilt or logistical headaches. Resand's model lowers costs, secures resources, and helps them meet sustainability targets. And with $27.2 million in backing, they're poised to expand fast. In a world where every industry is under pressure to go green, Resand shows that profitability and planet-friendliness can go hand in hand. Keep an eye on this space—it's only going to get bigger.