Finnish technology company Resand, which specializes in the reclamation and recycling of foundry sand, has expanded its financing partnership with Norion Bank, increasing its equipment financing facility from €14.5 million to €25 million.
The expanded funding will support new customer agreements and enable Resand to invest in additional sand reclamation equipment as demand for its services continues to grow. The company said foundries are increasingly seeking solutions that help meet sustainability objectives, improve cost efficiency, and strengthen supply security for critical raw materials.
The financing builds on a facility originally agreed upon in November 2025 and reflects Resand’s continued commercial momentum across Europe. During the early months of 2026, the company signed new Sand as a Service agreements with AGVS Aluminium Werke GmbH in Germany and Termit, a major silica sand producer in Slovenia. These agreements further expanded Resand’s presence across the DACH region and Central Europe.
Resand said the additional capital will provide the foundation for continued international expansion and entry into new markets. The company’s business model focuses on helping foundries reduce waste and lower their environmental footprint through circular sand recycling solutions.
Norion Bank, which provides financing solutions to established mid-sized companies and growth-oriented businesses, said the expanded facility reflects confidence in Resand’s business model, growth trajectory, and ability to scale internationally. The bank highlighted its long-term relationship with the company and its understanding of Resand’s investment cycle and operational requirements.
According to Resand, the financing structure is designed to scale alongside business growth while providing predictability for future investment decisions. The company said the arrangement supports its strategy of expanding operations while continuing to meet increasing customer demand for sustainable foundry solutions.
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“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. The additional financing gives us an excellent foundation to continue our internationalization and expansion into new markets in line with our strategy. Norion Bank has proven to be an outstanding partner with an understanding of both our business and its sustainability impact.”
Mikko Immonen, CEO, Resand
“Resand’s growth is progressing with determination, and expanding the facility is a natural next step in our long-term partnership, where we support 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.”
Karl-Mikael (Miku) Holmbäck, Senior Client Executive, Norion Bank
“The financing arrangement works well for us on practical terms. It scales with our business growth and gives us predictability in investment decisions. Working with Norion Bank has been smooth from the very start, and it is great to continue the partnership with a bank that understands the logic of our business.”
Maarit Nissinen, CFO, Resand
