Resand Boosts Loan to $27M for Sand Recycling

Jan de Vries · 2026-06-05

Resand, a technology company based in Nuutajärvi, Finland, has expanded its loan facility with Norion Bank to $27 million. This is a significant increase from the $15.7 million equipment financing deal they signed back in November 2025. The company specializes in reclaiming and recycling foundry sand, which is a big deal for the metal casting industry. ### Why the Extra Cash? So, what's Resand planning to do with all that money? They're using it to fund new customer agreements and invest in more sand reclamation machinery. The goal is to scale up their operations to meet growing demand. And that demand isn't slowing down—foundries are under pressure to hit sustainability targets, cut costs, and secure their sand supply. It's a smart move, really. Mikko Immonen, Resand's CEO, put it this way: "Expanding our facility with Norion Bank is a clear sign that our business is growing as planned. Early 2026 has been particularly strong, as we signed new Sand as a Service agreements with both AGVS Aluminium Werke GmbH in Germany and Termit, a leading silica sand producer in Slovenia, in February." That's strengthening their presence in the DACH market and Central Europe. ### The Sand as a Service Model Here's where it gets interesting. Resand uses a "Sand as a Service" (SaaS) model. No, not that kind of SaaS—they're not selling software. They're turning waste sand into a valuable resource without requiring foundries to make huge investments or handle maintenance. The company builds modular sand reclaimers right at the foundry, takes care of training, support, and maintenance, so foundries can focus on what they do best: casting production. And the environmental impact? It's real. Resand claims their solution cuts CO₂ emissions from sand use and transport by up to 80%. That's huge for an industry that's traditionally been pretty resource-intensive. ### A Quick History Lesson Resand didn't start as Resand. It began its journey in 2013 as Finn Recycling. Then, in 2023, they rebranded to Resand with a clear mission: increase the number of sand regeneration units in the foundry market and expand internationally. The company warns that sand suitable for industrial use is running out. By cleaning and reusing sand, they reduce the need for virgin sand extraction and help preserve biodiversity. ### The Norion Bank Partnership Norion Bank Group, founded in 1999 (formerly Collector Bank), is a Nordic banking group that specializes in financing solutions for mid-sized companies. They offer tailored loans in the $3.2 million to $32.5 million range, plus support for growth and international businesses. With offices in Gothenburg, Stockholm, Helsingborg, Oslo, and Helsinki, they're well-positioned to back companies like Resand. Karl-Mikael (Miku) Holmbäck of 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 Resand's 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 the Industry Let's break down why this matters: - **Sustainability**: Foundries are under pressure to go green. Resand's tech helps them do that without breaking the bank. - **Cost Efficiency**: Recycling sand cuts costs on raw materials and waste disposal. - **Supply Security**: With industrial sand running low, recycling ensures a steady supply. Resand's expansion is a clear signal that the market is ready for sustainable solutions. And with Norion Bank backing them, they've got the fuel to grow even more.