Resand Secures $26M to Scale Foundry Sand Recycling

Jan de Vries · 2026-06-05

Finland's Resand, a company based in Nuutajärvi that specializes in reclaiming and recycling foundry sand, just got a major financial boost. They've expanded their loan facility with Norion Bank from about $15.8 million (originally €14.5 million) to a hefty $27.3 million (€25 million). This move is all about scaling up their operations to meet growing demand. ### Why the Extra Cash? The company plans to use this additional funding to fuel new customer agreements. That means investing in more sand reclamation machinery and expanding their operations. The reason? Foundries are under serious pressure to hit sustainability targets, cut costs, and lock down their sand supply. It's a classic case of demand outpacing supply. 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, further strengthening our presence in the DACH market and Central Europe."  ### A Quick Look at Resand's Journey Resand started out in 2013 as Finn Recycling. They rebranded in 2023 with a bigger vision: to get more sand regeneration units into foundries and expand globally. Their core business? Environmentally friendly foundry sand regeneration and recycling. Here's the thing—sand that's good for industrial use is running out. By cleaning and reusing sand, we can cut down on mining virgin sand and the biodiversity loss that comes with it. ### The Sand as a Service Model Resand uses a "Sand as a Service" (SaaS) model. Sounds fancy, but it's simple: they transform waste sand into a valuable resource without you needing to make big investments or handle maintenance. Their Resand® solution claims to recycle foundry sand at near-100% efficiency. They build the modular sand reclaimer right at the foundry, handle all training, support, and upkeep, so foundries can focus on what they do best—casting production. - **Key Benefits:** - Cuts CO₂ emissions from sand use and transport by up to 80% - Reduces reliance on virgin sand mining - Minimal upfront investment for foundries ### Who's Norion Bank? Norion Bank Group (formerly Collector Bank) is a Nordic banking group founded in 1999. They specialize in financing solutions for mid-sized companies, usually in the $3.3 million to $32.7 million range (€3–30 million), plus growth and international businesses. They've got offices in Gothenburg, Stockholm, Helsingborg, Oslo, and Helsinki, and are listed on Nasdaq Stockholm. Karl-Mikael (Miku) Holmbäck from Norion Bank added: "Resand's growth is progressing with determination, and expanding the facility is a natural next step in our long-term partnership, where we support the company as it expands its international footprint. Over time, we have 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 This expansion is a big deal for Resand. It shows that their model is working and that there's real demand for sustainable sand solutions. As foundries worldwide face tighter regulations and supply chain pressures, Resand is positioning itself as a key player. They're not just recycling sand—they're helping industries be more sustainable without breaking the bank. For anyone in the foundry or manufacturing space, this is worth watching. It's a clear signal that green tech isn't just a trend; it's becoming a business necessity.