Norion Bank Increases Loan Facility to €25 Million to Expand Foundry Sand Regeneration and Recycling in Finland

Resand Expands Loan Facility with Norion Bank for Sand Reclamation and Recycling

Resand, a technology company based in Nuutajärvi, specializes in the reclamation and recycling of foundry sand. Recently, the company has announced an expansion of its loan facility with Norion Bank. Initially set at €14.5 million in equipment financing in November 2025, the facility has now been increased to €25 million.

The additional financing will be utilized by Resand to support new customer agreements, allowing the company to invest in advanced sand reclamation machinery and expand its operations to meet the growing market demand. The surge in demand is attributed to foundries facing increasing pressure to achieve sustainability goals, enhance cost efficiency, and secure their sand supply.

Mikko Immonen, the CEO of Resand, expressed his excitement about the expansion, stating, “Expanding our facility with Norion Bank signifies the positive growth trajectory of our business. In early 2026, we secured new agreements with AGVS Aluminium Werke GmbH in Germany and Termit in Slovenia, boosting our presence in the DACH market and Central Europe.”

He added, “The additional financing provides a solid foundation for our internationalization strategy, and Norion Bank has been a valuable partner understanding our business and sustainability impact.”

Resand, formerly known as Finn Recycling, was established in 2013 with a vision to increase the adoption of sand regeneration units in the foundry industry and expand its global presence. The company specializes in environmentally friendly foundry sand regeneration and recycling, addressing the scarcity of sand suitable for industrial use.

Through its innovative Sand as a Service (SaaS) model, Resand transforms waste sand into a valuable resource without requiring significant investments or maintenance. The company’s Resand® solution enables near-100% efficiency in recycling foundry sand, reducing CO₂ emissions from sand use and transport by up to 80%.

Moreover, Resand installs modular sand reclaimers directly at foundries, providing training, support, and maintenance services. This approach allows foundries to concentrate on casting production while contributing to environmental sustainability.

Norion Bank Group, founded in 1999, specializes in financing solutions for mid-sized and international companies. With offices across Nordic countries, Norion Bank supports companies like Resand in their growth and expansion endeavors. Karl-Mikael (Miku) Holmbäck of Norion Bank emphasized the long-term partnership with Resand, highlighting the company’s commercial strength and environmental impact.