Resand ups loan to $26.4M for sand recycling growth

Jan de Vries · 2026-06-05

### A big step for sustainable sand Resand, a tech company based in Nuutajärvi, Finland, just got a major financial boost. They've expanded their loan facility with Norion Bank from about $15.3 million (originally €14.5 million) to $26.4 million (€25 million). That's a serious jump, and it's all about scaling up their foundry sand recycling operation. ### Why the extra cash matters The company plans to use this money to land new customer deals and buy more sand reclamation machinery. Demand is surging because foundries are under the gun to hit sustainability targets, cut costs, and lock down their sand supply. It's a classic case of a smart solution finding its market.  ### What the CEO says 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." He added that early 2026 has been "particularly strong," pointing to new Sand as a Service agreements with AGVS Aluminium Werke GmbH in Germany and Termit in Slovenia. These deals strengthen their foothold in Central Europe and the DACH region. ### How it all started Resand began life in 2013 as Finn Recycling. They rebranded in 2023 to push more sand regeneration units into foundries and expand globally. The core idea? The sand we use for industrial purposes is running out. By cleaning and reusing it, they cut down on mining virgin sand and the biodiversity loss that comes with it. ### The Sand as a Service model Here's where it gets clever. Instead of selling equipment, Resand offers a Sand as a Service (SaaS) model. They claim their solution recycles foundry sand at near-100% efficiency. They build a modular sand reclaimer right at the foundry, handle all the training, support, and maintenance, so foundries can just focus on making castings. ### Environmental impact Resand says their solution slashes CO₂ emissions from sand use and transport by up to 80%. That's a big deal for any foundry trying to green up its operations. It's not just about being eco-friendly; it's about being cost-efficient too. ### Norion Bank's role Norion Bank, a Nordic banking group founded in 1999, specializes in financing mid-sized companies. They typically lend between $3.2 million and $31.7 million (€3–30 million). 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." He emphasized that they understand Resand's business model and investment cycle, which allows them to support the company in a scalable way. ### What's next for Resand With this fresh capital, Resand is poised to accelerate its international expansion. They're already making moves in Germany, Slovenia, and beyond. The goal is clear: turn waste sand into a valuable resource, one foundry at a time. For anyone in the industrial sand game, this is a story worth watching. ### Key takeaways - Resand expanded its loan facility from $15.3M to $26.4M. - The funds will fuel new customer agreements and machinery. - Their SaaS model recycles sand at near-100% efficiency. - CO₂ emissions can drop by up to 80%. - Norion Bank is a key partner in this growth story. ### Final thoughts This isn't just a funding round. It's a signal that sustainable industrial practices are becoming mainstream. Resand is proving that you can do good for the planet and still make a solid business. For foundries everywhere, that's a win-win.