Finnish technology company Resand Ltd, specializing in the reclamation and recycling of foundry sand, has expanded its loan facility with Norion Bank. The EUR 14.5 million equipment financing facility, agreed in November 2025, has been increased to EUR 25 million.
The additional financing is dedicated to funding new customer agreements, enabling Resand to invest in new sand reclamation machinery and scale its operations to meet growing demand. The drivers behind this demand are clear: foundries face increasing pressure to meet sustainability targets while also improving cost efficiency and securing their sand supply.
"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," says Mikko Immonen, CEO of Resand.
Norion Bank provides tailored financing solutions to established mid-sized companies, typically in the EUR 3–30 million range, as well as to growth and international businesses. The bank supports companies with clear commercial momentum and scalable business models, often in asset-backed or contract-driven environments. While sustainability and resource efficiency are important considerations, Norion Bank’s approach is driven by strong fundamentals, long-term partnerships, and a deep understanding of each customer’s business model.
“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,” says Karl-Mikael (Miku) Holmbäck of 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," emphasizes Maarit Nissinen, CFO of Resand.
RESAND LTD
Additional information
Mikko Immonen, CEO, Resand Ltd
mikko.immonen@resand.eu
+41 79 395 1973
Maarit Nissinen, CFO, Resand Ltd
maarit.nissinen@resand.eu
+358 40 044 4667
Karl-Mikael (Miku) Holmbäck, Senior Client Executive, Norion Bank
karl-mikael.holmback@norionbank.fi
+358 40 351 1321
About Resand Ltd
Sand suitable for industrial use is running out. The extraction of virgin sand – and the associated loss of biodiversity – can be reduced by cleaning and reusing sand. Resand Oy is a Finnish technology company specialising in foundry sand regeneration, offering its customers clean sand as a service. The Resand® solution enables foundry sand to be recycled at near-100% efficiency, significantly reducing CO₂ emissions from sand use and transportation.
Resand Oy is headquartered in Nuutajärvi, Finland, and has employees across several European countries. The company is targeting strong growth in European foundry markets and expansion beyond Europe.
Resand® provides a solution to the global sand challenge by recycling sand – again and again. Learn more: www.resand.eu
About Norion Bank Group
Norion Bank Group is a Nordic banking group specialising in financing solutions. The group’s brands – Norion Bank, Walley and Collector – offer tailored financial services across three customer segments: mid-sized companies and real estate firms, merchants, and private individuals. As a specialist in financing solutions, Norion Bank Group complements traditional large banks, with the ambition of becoming the leading bank in the Nordics within its selected segments.
Norion Bank’s offering includes corporate and real estate loans as well as invoice financing for mid-sized companies and real estate firms. The Walley brand provides flexible payment and checkout solutions for online and physical retail. Collector offers savings accounts for both private individuals and businesses. Norion Bank Group (formerly Collector Bank) was founded in 1999 and has offices in Gothenburg, Stockholm, Helsingborg, Oslo and Helsinki. Operations are conducted through Norion Bank AB (publ), which is listed on Nasdaq Stockholm.