Resand Ltd, a Finnish technology company specializing in the regeneration and recycling of foundry sand, has completed a new funding round, raising more than EUR 5 million in additional funding. A number of the company's current owners and new investors participated in the funding round.
The funds received will primarily be used for the company's internationalization and expansion into new markets. After the European market, the new target areas are Mexico and the United States, where Resand sees significant growth potential. The demand for sand regeneration solutions is driven not only by the green goals of the foundry industry but also by the need for cost-efficiency and strengthening self-sufficiency as the demand for sand increases.
"The successful completion of the funding round is a significant milestone for us. We are grateful for the trust of our investors and ready to take the next step on our growth path. Internationalization and expansion into the Mexican and US markets is a key part of our strategy, and this funding enables us to execute it as planned," says Kalle Härkki, CEO of Resand Ltd.
Sand is the second most used natural resource in the world after water, and there is a great need for it, especially in the foundry industry. The foundries use sand in their molds, which generates more than 100 million tonnes of waste sand every year, of which less than one per cent is recycled. The Resand® Sand As A Service solution offers foundries sustainable savings compared to current practices in the foundry industry. Savings are made when less virgin sand is purchased and less used sand is disposed of, in addition to which transport and energy costs are reduced. Thanks to the regeneration solution, CO2 emissions from the use and transport of sand can be reduced by up to 80%. As the regeneration and recycling of used sand is offered as a service, it also reduces the capital tied up in foundry operations.
RESAND LTD
Additional information
Kalle Härkki, CEO, Resand Ltd
kalle.harkki@resand.eu
+358 40 513 3383
Resand Ltd in brief
Sand suitable for industrial use is becoming scarce. However, the extraction of virgin sand can be reduced, and the resulting loss of biodiversity is slowed down by regenerating and reusing sand. Resand Ltd is a Finnish technology company specializing in foundry sand regeneration, offering its customers clean sand as a service. The Resand® solution enables almost 100% recycling of foundry sand and reduces transportation costs and CO2 emissions.
Resand Ltd is headquartered in Nuutajärvi, Finland, and has staff in several European countries. The company aims to achieve strong growth in the European foundry market and to expand its business outside Europe.
The Resand® brings a solution to the global challenge by recycling sand - again and again and again. www.resand.eu