Resand Secures $27M Loan to Scale Sand Recycling

Jan de Vries · 2026-06-05

### A Big Step for Sustainable Foundry Sand Finland's Resand just made a major move. The company, based in Nuutajärvi, has expanded its loan facility with Norion Bank from about $15.8 million (the original €14.5 million) to a hefty $27.2 million (€25 million). That's a serious jump, and it signals one thing: they're scaling up fast. Why does this matter? Well, foundry sand is a huge deal in manufacturing. It's used to make molds for metal casting. But here's the problem: the sand that's good for industrial use is running out. Resand wants to change that by recycling and reusing it, cutting down on the need for new sand and the environmental damage that comes with digging it up. ### What the Money Will Do Resand plans to use this cash to fuel new customer deals. We're talking about investing in more sand reclamation machines and expanding their operations to keep up with demand. And demand is soaring. Foundries everywhere are feeling the heat to hit sustainability targets, cut costs, and make sure they actually have sand to work with. Here's what makes this interesting: - **New partnerships:** In early 2026, Resand signed "Sand as a Service" agreements with AGVS Aluminium Werke GmbH in Germany and Termit, a top silica sand producer in Slovenia. - **Growing footprint:** These deals strengthen their presence in Central Europe and the DACH region (that's Germany, Austria, and Switzerland). - **International push:** The company's strategy is all about global expansion, and this financing gives them the fuel to do it.  ### How Resand's Model Works Resand started back in 2013 as Finn Recycling. They rebranded in 2023 to focus on growing their sand regeneration units and going global. Their secret sauce? A "Sand as a Service" model. Instead of selling machines, they build a modular sand reclaimer right at the foundry. They handle training, support, and maintenance, so the foundry can just focus on making castings. And the results are impressive. Resand claims their solution can recycle sand at near-100% efficiency. Plus, it cuts CO₂ emissions from sand use and transport by up to 80%. That's a big deal for companies trying to green up their supply chains. ### The Bigger Picture This isn't just about one company. It's a sign of where manufacturing is heading. Sand is a finite resource, and we're using it up fast. By cleaning and reusing sand, we can reduce the need for virgin sand and protect biodiversity. Resand is positioning itself as a leader in this space, and the market is responding. ### What Norion Bank Says Norion Bank, a Nordic banking group that's been around since 1999, is backing this growth. Karl-Mikael Holmbäck from Norion Bank put it well: "Resand's growth is progressing with determination, and expanding the facility is a natural next step in our long-term partnership." He added that they understand Resand's business model and investment cycle, which lets them support the company in a scalable way. Resand's CEO, Mikko Immonen, is clearly excited. He said early 2026 has been "particularly strong" and that the additional financing gives them "an excellent foundation to continue our internationalisation." He also praised Norion Bank as an "outstanding partner" that understands their sustainability impact. ### The Takeaway Resand is proving that sustainability and business growth can go hand in hand. By turning waste sand into a valuable resource, they're helping foundries meet their goals while building a profitable business. With this new financing, they're ready to take their solution to more markets around the world. It's a story worth watching, especially if you care about how industry can innovate for a greener future.