en.Wedoany.com Reported - Finnish foundry sand recycling and regeneration company Resand has expanded its loan facility with Norion Bank from the originally agreed EUR 14.5 million in November 2025 to EUR 25 million. This adjustment aims to provide financial support for the company's new sand regeneration machinery investments initiated due to recent customer contracts.

The additional capital stems from "Sand as a Service" agreements signed by Resand in February 2026 with Germany's Agvs Aluminium Werke GmbH and Slovenian silica sand producer Termit. The company stated that market demand is primarily driven by foundries seeking to reduce costs, achieve sustainability goals, and secure stable sand supply through this service.

Resand CEO Mikko Immonen stated that the expanded loan facility forms the foundation for the company's ongoing internationalization. CFO Maarit Nissinen noted that this financing structure can scale with business growth and support predictable investment planning.

Norion Bank, which provides the loan services and focuses on mid-sized and growth companies with financing needs between EUR 3 million and EUR 30 million, believes this decision reflects its long-term understanding of Resand's business model and investment cycles.

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